Wednesday, September 17, 1975
U to asI FORMER NIXON AIDE SPEAKS:

THE MICHIGAN DAILY

Page Seven

Pag Sve


.... - . .... .. ... I Adh --mmlr-- -.- Awk

1% slash
in budget
(Continued from Page 1) I
Economics department Chair-
man Harold Shapiro, who pre-
sides over the Budget Priorities
Committee was not encouraged
by the impending cuts. He main-
tained, "it will not be possible,
with current revenues, to main-
tain a quality program at this
University."
Shapiro also said he was not
sure that an across-the-board:
reduction would be the wisest1
approach for the University toI
take.
"Our tgeneral posture has been
that we are not in favor of
across-the-board cuts," Shapiro;
said. He added that the cuts
should reflect a set of priorities
for programs and expenditures.
"PERSONALLY, I would be
much more in favor of a small
number of good programs
rather than a large number of
mediocre ones," Shapiro said.
Acting LSA Dean Billy Frye:
said he was uncertain where the
reductions would come from
within the college, but added
that the school's financial con-
dition was "on the verge of be-:
coming very serious."
"Things are so tight," said
Frye, "that there isn't anything
to out, certainly nothing that
could be called fat."

(*U'

prof:

Economy recovering

Organizational Meeting
for a new U. of M.
Journal of Social Sciences
and Humanities

By TOM ALLEN.
University professor and for-
mer Chairman of President
Nixon's Council of Economic
Advisors Paul McCracken last
night concurred with the pre-
vailing Ford Administration
view that the American econo-
my is rising toward full recov-
ery from a recession that "bot-
tomed out" in April of this
year.
McCracken stated, "the econ-
omy is, of course, once again
rising."
BUT HE warned that "the
U. S. economy is sailing against
the wind" as far as internation-
al economic developments are
concerned. Furthermore, the
financial problems of foreign;
nations may result in social
turbulence overseas as well as
serving as a deterrent to Amer-
ican economic recovery, he.
said.
McCracken, a faculty mem-
ber in the School of Business
Administration, spoke on a
wide variety of issues as a part
of the Residential College Lec-
ture series.
After remarking that, "the
United States economy has'
been having a little trouble,"
McCracken outlined how that
situation was created by a com-
bination of "overstimulative"

government economic policies
and certain external factors'
such as the drastic increase in
foreign oil prices initiated by
the Organization of Petroleum
Exporting Countries.
IN A subsequent question and
answer session, McCracken of-
fered his opinions on a variety
of subjects, from the possi-i
bilities of full employment in:
the near future to the concen-
tration of wealth in multina-
tional corporations.
He emphasized the degree to
which the American economy is
influenced by international de-
velopments, a factor which has
been too often neglected in the-
past.
Returning from a recent trip
to the Soviet Union and a con-
ference at the Headquarters of
the Organisation for Economic
Cooperation and Development
(O.E.C.D.) in Paris, McCrack-
en was less than optimistic
about the future of the West
European economies in partic-
ular.
ACCORDING to McCracken,
the lack of economic recovery
in Germany, the continued de-
cline in Great Britain, and the
Italian economic dilemma have
caused a "great concern in
Europe over social unrest."
McCracken said that a recent

meeting he had with British
Chancellor of the Exchequer
Dennis Healy is illustrative of
the futility that many econo-
mists feel when confronted with
the European economic mess.
After Healy detailed the
crunch of unprecedented infla-
tionary pressure and growing
unemployment rates , in the
United Kingdom, McCracken
could only respond that "we
had nothing to suggest."
ON THE home front, Mc-4
Cracken forecast that despite
the impending economic up-
swing, unemployment would not
fall below six and one-half per
cent in the next two years and
probably would never again
reach the previously defined
"full employment" which was
accepted as approximately four
per cent unemployment.
Instead, he stated that the
"full employment" economy of
the future would be one in
which five per cent of the labor
force was out of work. Accord-
ing to McCracken, the conten-
tion by some liberal economists
that unemployment could be re-
duced to virtually nothing by
adeqquate federal planning poli-
cies is unrealistic.

SEPT. 18,
Room 102,

THURSDAY of 7 p.m.
ECONOMICS BUILDING

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I MOM"

Daidv Photo by E. SUSAN SHEINER
McCrackenj


d

B E IS '

DOWNTOWN
ANN ARBOR

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Used, Fine and Scholarly Books
316 S. STATE-994-4041
Ooen Mon.-Fri. 10-8,
Sat. 10-6


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OPTOMETRIST
Full Contact Lens Service
Visual Examinations
548 CHURCH ST.
663-2476

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Wednesday, Sept. 17
KOLBO MOVIES-8:00 p.m.
GOODBYE COLUMBUS
Philip Roth's satire on ,
American Jewish Life
FREE REFRESHMENTS
$1.25 Admission
HILLEL-1429 Hill St.
663-3336

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COUZENS
ENSEMBLE THEATRE
presents
WILLIAM HANLEY'S
SLOW DANCE
ON THE
KILLING GROUND
SEPTEMBER
17-21
eight p.m. curtain
Couzens Theatre
1200 E. Ann St.,
Ann Arbor
764-2130 for reservations
admission $1.75
Tickets at DAVID'S BOOKS

FOR FURTHER INFORMATION, CALL 995-8750
PAINTER PANTS
AT
BIVOUC
330 S. STATE ST. (Nickels ftcde)
761-6207


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- -- -- I


W..OW"...+FW*As


"Love
thy
enemy,,
This is a religious precept that
challenges the mind. Love my en
emy when I can barely deal calmly
with my in-laws? Yet this hard say-
ing has validity in a world wher
even a small act of violence has
such unforeseeable repercussions
Scientific advances have heighten
ed our mutual vulnerability. Only
love and non-violence can sustain
us. We may concede violence is in
all of us. So is God. Try His way
It works. Get together with you
.family, friends, neighbors, or co
workers to discuss the problems o
violence and how you can work to
gether to help solve them. For a
heliful discussion ruide and fur

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Cottage
INN
OLDEST PIZZA IN TOWN (Oldest Pizzeria in Ann Arbor)

PIZZA & 3 EGG OMELETTES
Pizza - (Small 1.95 , Medium 2.65, Large 3.00 )
Western Omelettes 2.25 Omelettes 1 Item -1.75
Pizza with choice of extra items below (sin. .35, med. .55, 1g. .65 per
Omelettes (.25 per extra item)


Green Peppers
Onions Ham
Ground Beef
DINNERS

Pepperoni Mushrooms
Cheese Italian Sausage
Anchovies Bacon

Oz. Club Steak
L1 Beef Shish Kebab
2 Fried Spring Chicken
2 B.B.Q. Chicken
eep Fried Shrimp
ied Filet of Sole
(Shrimp & Filet of Sole
served with Corn on the Cob)

4.25
2.75
2.45
2.45
3.45
3.45

1/3 LB. HAMBURG
1. Plain
2. With Bacon
3. With Cheese
4. With Mushroom
5. With Crumbled Blue Chees
6. With Cheddar Cheese
7. C.I.B.
with all of the above
8. 1/2 Lb. Ground Round
with Cottage Fries
ITALIAN DINNE

.~iI
item)
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1.15
1.30
1.30
1.3G
e 1.30
1.30
1.45
1.75
1.95
RS
2.45
2.45
2.45
e
5 extra
2.75
3.25
3.25
3.25 0

1 Dinners Served with Cottage Fries
ossed Salad and Fresh Vienna Bread
SANDWICH BOARD
n Toast, White or Rye)

m & Cheese
con, Lettuce & Tomato
eat Ball Sandwich
lian Sausage
with Red Sauce
bmarine
eak Sandwich
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1.35
1.25
1.25
1.60
1.60
2.25
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Spagetti
Mostaccioli
Seashells
Choice of: Meat Sauce
Clam Sauce
Mushroom Sauce
With Meat Balls, or Italian


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Veal Barbazon
with side of spagetti
Veal & Peppers
with side of spagetti
Veal Francaise
with side of spagetti

.6

512 East William
Ann Arbor, Michigan
Telenhnne- 6A117O


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