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March 03, 1978 - Image 2

Resource type:
Text
Publication:
Michigan Daily, 1978-03-03

Disclaimer: Computer generated plain text may have errors. Read more about this.

Pdge 2-Friday, March 3, 1978-The Michigan Daily
PfOR RESERVE BOARD:

Co mmi
WASHINGTON (AP) - With only its
chairman voting- no, the Senate
Banking Committee recommended
yesterday that the Senate confirm G.
William Miller to head the Federal
Reserve Board.
Formal confirmation of the
nomination of the 52-year-old board
chairman of Textron Inc. to replace Ar-
thur Burns, as the nation's central
banker is expected in the full Senate
today.

THE 14-1 VOTE by which
Banking Committee endorsed

the
the

ttee OK'
nomination came at the end of a five-
week investigation which clearly tried1
the patience of some senators and
led to an open revolt against the leader-
ship of Sen. William Proxmire, (D-
Wis.), the committee chairman.
There were complaints that the
nomination was being delayed unduly
at a time when leadership is needed at
the Federal Reserve to meet the
problems of interest rates, economic
expansion, unemployment, inflation'
and the declining value of the dollar
overseas.
Proxmire replied that the in-
vestigation had been thorough and
complete, that Miller had been in-
terrogated for parts of just two days
and that the investigation had been
completed as quickly as possible.
HE SAID some senators apparently
felt Miller was being subjected to "an1
inquisition."
"As the immediate successor in the
Senate to Sen. Joseph McCarthy, a
disgrace to this body, I know what can
happen," he said. "Perhaps I've done
that. I hope not ... Nobody can say the
hearings were stacked... I don't think

Sring Break
or any other time,
you know we'll
be here.
U-M STYLISTS
at the
UNION

s Miller
in any sense Mr. Miller was
browbeaten. I can't find one single per-
sonal attack in the record."
Sen. Adlai Stevenson III (D-Ill.), one
senator who had pressed for an im-
mediate decision Monday on MIller,
told Proxmire that senators were only
expressing fears of more delay and
fears of a possible "inquisition."
PROXMIRE said he still believes
Miller's business background does not
qualify him to head the Federal Reser-
ve.
He cited Miller's lack of experience in
economics and monetary affairs and
the fact that, for the first four to six
months of his four-year term as chair-
man of the Federal Reserve Board, the
Federal Reserve System will be con-
tinuing an investigation into certain
Textron business practices.
"I think the nation is not well served
by this nomination," Proxmire told the
14 other committee members.
HE ALSO claimed that the commit-
tee's staff investigation led to the con-
clusion that Miller should have known
that Bell Helicopter, a Textron sub-
sidiary, was dealing in Iran with a sales
agency owned by the commander in
chief of the Iranian Imperial Air Force,
Gen. Mohammad Khatami.
At the hearing Monday, Proxmire
contendedaand Miller denied that a $2.95
million payment made to the sales
agent, Air Taxi Inc., was a bribe made
to clinch a $500 million helicopter sale
to the Iranian army.
Iranian army.
Investigators never were able to
show that Miller or other top Textron
executives knew that Gen. Khatami
owned Air Taxi.
Other committee members said they
believe Miller is fully qualified. Sen.
Edward Brooke (R-Mass.), the panel's
ranking Republican, said the in-
vestigation and hearings have convin-
ced him "that Mr. Miller was in no way
involved in an impropriety' or an
illegality.'

Daily Photo by ANDY FREEBERG
Decoys?
No, just sleepy ducks settling down in the snow at Island Park.

, .
b

T
AND THE
SHAVRT OF IT
THE LONG: If you are between 17* and 32years old
and would like to experience Israel for 6 months, a
semester or year, we've got the programs! Learn
Hebrew, volunteer in a development town, dig into
a kibbutz, live the land and the people in these
historic times. Most programs cost little more than
airfare alone. Room and board are included. Col-
lege credits are available where applicable.
* and a high school graduate
THE SHORT: If you are in high school, college, or
older you should spend this summer in Israel. There
are dozens of programs to choose from-many of-
fering college credits. Be an archaeologist, work
on a kibbutz, learn Hebrew, dance, tour, discover
your Jewish roots. All programs offer rare
challenges and in-depth Israeli experiences.

By LEONARD BERNSTEIN
It's that time of year again - tax
time. But Project Community, with
help from the IRS, is trying to make
things just a little less painful for
elderly, low income, and student tax-
payers who come to them for a free in-
come tax service.
Student volunteers, trained by the

p .
~a

Project Community Ofers free
federal income tax assistance

i
I
t
;
.r

A
ONE-YEAR
MBA?
Yes, at Ohio
University!

Fully accredited by AACSB.
To apply:
I. Write to me for application
2. Take the GMAT test on 3/18/78.
Get admission ticket from
"GMAT" ETS, Box 966,
Princeton, NJ 08540
3. Have transcripts sent to me
4. Get 3 letters of recommendation
en route to me: James Lee,
MBA Director, CBA, Ohio University,
Athens, Ohio 45701.
For more information call collect
614/594-5446.

IRS under its Volunteer Income Tax
Assistance (VITA) plan, assist in filing
tax forms in an effort to help people
"get the deductions they deserve," ac-
cording to Jeff Patterson, a Literary
College (LSA) senior and one of Project
Community's Income Tax service coor-
dinators.
THE SERVICE also saves the federal
government money by cutting down on
the number of incorrectly done tax
returns the IRS has to go over, Patter-
son added.
"A lot of students simply do not know
about the deductions they're entitled
to," said Patterson. One commonly
missed item is a statecredit offered for
paid property taxes. Student apartment
residents are sometimes eligible,
depending on their income.
Project Income Tax, the name of the
service, runs three walk-in tax centers
- one at the Michigan Union, another
in the Ann Arbor Public Library and a
third in the University Hospital com-
Several salamanders, which are
amphibians, have external gills. The
redbacked salamander, common in
suburban woodlands, has neither
lungs nor gills, but breathes entirely'
through its skin.

plex - in addition to mobile units and
dorm routes.
IF THE taxpayer has all the
necessary materials the federal and
state short form process takes as little
as fifteen minutes, Patterson said.
Funding for the program comes from
various sources. The IRS supplies
trainers and forms free of charge.
Project Community and Trotter House
donate office space.
Recruiting and advertising money
was solicited by Patterson and Adrian
Stern, an LSA Junior and the project's
other coordinator. Ann Arbor Federal
Savings contributed a $250 grant and
Zontas, a woman's business organiza-
tion donated $50. The Michigan Student
Assembly (MSA) gave $125. LSA
Student Government has also pledged
funds.
Occasionally, volunteers run across
people who want to take advantag of the
service. "One lady wanted to claim
enormous deductions for mileage on
her car when she only drove it two
miles a day to-work," Patterson said.
"We just have to tell them it's illegal,"
he said.
The project, in its seventh year, ap-
pears to be a success. "I think people
feel more comfortable with someone
who isn't a federal employe or agent,":
Patterson explained.

So whether you're interested in the long or the short
of it call today or write for the free descriptive
booklet.
---------------------- -
American Zionist Youth Foundation
Israel Program Center 51 5 Park Avenue,
New York, N.Y. 10022 (212) 751-6070
Name
Address

j

ALL KINDS
OF FOLKS
ENJOY
BELL'S

City State

-___ Zip-

Age _. Telephone
(area code)
I am interested in [{ long term 0i short termA programs

A
- .,..
,.

h x 7
i

Race labels adjusted
for South Africans -

JOHANNESBURG, South Africa
(AP) - Last year 115 South Africans
who sought a change in their racial
status were given a new color classifi-
cation and a passport to a new life by
the arbiters of racial purity in this land
of apartheid.
There have been about 100 reclassifi-
cations a year since the Population
Registration Act was passed in 1950.
The new status can raise or lower a
person's political, economic and social
rights and privileges in a nation divided
by race.
RACE CLASSIFICATION became
mandatory in 1966.
Skin color and descent are regulating
factors for South Africa's 26.6 million
people. On the basis of these, South
Africans are told whom they can
marry, where they can live, what jobs
THE HIGHLANDS
1 and 2 bedroom apartments
includes security lock system, drapes,
dishwasher, lighted tennis courts, and
pool
Buses to and from campus daily
1693 Broadway, Apt. 302
769-3672
Reaume and Doddes Management Co.

they can get, how much they get paid
and where they can eat or go for enter-
tainment.
"These racial changes are just ad-
justments, like the fine tuner dial on the
radio. In a complex country like ours,
it's a matter if the individual feels more
at home in one community or another,"
said Interior Secretary T. J. Booyens.
BLACKS ARE the bottom caste with
coloreds, or persons of mixed race, and
Asians in the middle and whites at the
top.
The Department of Interior's annual
report said last year nine whites were
reclassified colored, 45 coloreds
became whites, 17 blacks were
changed to colored, 16 Indians became
Malays, and three coloreds were
reclassified as Indians.
Many changes stem from incorrect
classifications when people were first
registered by race in 1950.
Graduations of color and descent are
especially blurred among the nation's
2.5 million coloreds. Some walk a
tightrope of race, insecure in their
genetics and stepping from race to race
looking for identity.
Foreigners are spared classification.
Sizable groups of Japanese, Taiwanese,
Korean and black businessmen or
diplomats, including non-white
Americans, are officially treated as
whites. The status is known as
"honorary white."

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