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February 23, 1973 - Image 10

Resource type:
Text
Publication:
Michigan Daily, 1973-02-23

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THE MICHIGAN DAILY

Friday, February 23, 1973

Page Ten

THE MICHIGAN DAILY Friday, February 23, 1973

Presidential advisor sees

U.S.

'U' charged

with

excess

co-operation in

world

economy

By JACK KROSTc
Marian Whitman, a member of
the President's Council of Eco-
nonic Advisors predicted in an
address here yesterday a more co-
operative role for the United States
in the world economy.
Whitman told an audience of stu-J
dents and faculty at the economics
department's Seventh Annual Wil-
liam McInally Memorial Lecture
that the new U.S. role in the world
economy would involve more tradei
with communist states, a lowering+
of tariffs, and a more active con-
cern over the exchange rate of the
dollar.
"The U.S. must not play such a,
B igwinner
in lottery
selectedf
LANSING (UPI) - Hermus Mill-
sap, 53, of Taylor, yesterday won
$1 million in the Michigan lottery.
"I'm pretty shook right now," said
Millsap when his number was
drawn by Ms. Michigan.
"God bless everybody, God bless
you," said Millsap as he came to
the platform to receive his check
as the first million-dollar winner in
the state lottery.
Millsap is a sawman at a Chrys-
ler plant in Detroit. He -and his
wife have three sons, ranging in
age from 13 to 20.
Before Millsap's lucky number
was drawn before a crowd of 1,500
at the Lansing Civic Center, seven
prizes of $5,000 and one of $50,000
and one of $100,000 were awarded
to the ten finalists that survived
the luck of the roll out of 120 con-
testants.

dominating role in world economic
affairs as it has in the past," she
said. "The reduction in Cold Warc
tensions makes such a change botht
feasible and desirable."
During the Cold War, Whitman
said, the United States was the
financial leader of the world, with
the dollar as the basis of trade.
But since there has been a dis-
persal of economic power the
United \States must seek to "share
equal responsibility with its new
economic partners," according to
Whitman.
She cited the recent dollar crisis
as an example of the need for
changes in the monetary system.
"The United States," she said,
"must cease to be passive about
the dollar's exchange rate. Our
former lack of concern about the
exchange rate is in part respon-
sible for the current deficit of pay-
ments."
The Republican advisor also said
that, in accordance with the desire
for freer world trade, the United
States should lower its import
tariffs and added that she expects
the President to ask Congress to
do so.
Whitman also predicted that
trade with the Soviet Union and
China will increase considerably.
She said that these countries rep-
resent a broad new area of trade
possibilities and the opening of
these trade lines is fundamental to
the countries' changing role.
Whitman told her audience that
the Soviet Union and the U.S. have
similar industrial economics and
therefore somewhat similar needs.
"We have much to benefit from
trade with the Soviet Union," she

at first," she said, "due to vast
differences in our economics and
cultures." She predicted, however,
that Sino-American trade "will
grow in the future."
All of these increasing economic
contacts should have a salutory

effect on the domestic economy,
Whitman said.
The agricultural sector will es-
pecially benefit, she said, because
increased opportunities for export
should ease dependence on govern-
ment subsidy.

use of DES
' Continued from Page 1)
States until its was banned last
August following reportsthat the
drug had caused cancer in labora-
tory animals.
In ordering the ban the Food and
Drug Administration said it had no
concrete evidence that tiny amounts
would be harmful.
Greenwald said there has been
evidence that daughters face the
risk of possible vaginal cancer
only if their mothers took the drug,
during early stages of pregnancy.
The committee chairman, Sen.,
Edward Kennedy, said the wide-
spread use of the drug in univer-
sities was a matter of concern.

CHOCOLATE ALMOND
CAUCUS
of the
Human Rghts Party
Sun. 2/25
1:00 p.m.
2nd floor
Mich.
League
General discussion of
the campaign, the
caucus and the next
HRP MASS MEETING
OPEN TO ALL
DAILY CLASSIFIEDS
BRING RESULTS

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Arab world decries
Israeli plane attack

4

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(Continued from Page 1)
to us."
Gen. Hod declined to say who
gave the order to fire but reported
it was "by the proper authorities."
But in Cairo, the plane's intend-
ed destination, officials said a re-
cording of the pilot'snlast conver-
sation with Egyptian controllers
showed that he had lost course,
was unaware he was over hostile
territory and might have thought
the fighters were friendly Egyptian
MIGs.
Cairo officials said the pilot's
last words were: "We are now
shot. We are shot by a fighter. We
are shot by a fighter."
Hod said the plane was flying
over "one of the most restricted
and delicate areas of the Egyptian-
Israeli frontline . . . on area pro-
hibited to fliers because of its sen-
THAT'S PROGRESS
WARSAW (UPI) - The weekly
magazine Motor reports it has
found an 1897 railway timetable
showing that it took three hours,
50 minutes for the 125-mile run
from Warsaw to the provincial
capital of Bialystok.
The Polish railways' current
timetable lists a time of three
hours, 49 minutes for the same
run.

sitive installations."
Hod declined to speculate whe-
ther the jetliner was carrying
spies. But he suggested at the news
conference that the pilot had acted
irresponsibly for a captain of an
airliner carrying more than 100
persons.

*i
you
see
news
happen
coil
76-DAILY

I

I

said.
She was somewhat
siastic about trade
with China, however.
"Trade with Chinac

less enthu-
possibilities
will be slow

I

SGC ELECTION
WHO MAY VOTE? All students (graduate students and undergraduates)
may vote.
WHO MAY RUN? Any regularly enrolled student on the Ann Arbor cam-
pus of the U. of M. This includes graduate and undergraduate stu-
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HOW DOES ONE BECOME A CANDIDATE? Candidates must file a state-
ment of candidacy and a $5.00 returnable filing fee by March 1,
(Thursday). Candidates must also submit a platform and 2 wallet-
size photographs by March 2 at 3:00.
c:AMPAIGNING is governed by the Election Code.
PROSPECTIVE CANDIDATES can obtain further information and copies of
the Statement of Candidacy, Election Code, and the SGC Constitution
at the SGC Offices, 3X Michigan Union, or call 763-3241.

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ELECTION SCHEDULE:

March 1

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March 1 (Thursday .. 7:30 p.m.
March 1 (Thursday) . . 9:00 p.m.
March 2 (Friday .... 3:00 p.m.

Deadline for filing Statements
of Candidacy.
Candidates Meeting
Campaign Begins
Photographs and Platforms due.

ELECTION: MARCH 27, 28,ond 29

I

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