Page Two
THE MICHIGAN DAILY
Friday, November 21, 1975'
Page Two THE MICHIGAN DAILY Friday, November 21, 1975'
.................
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No Affinity Groups or Clubs to Join!
SHOMassas818peno
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DEC. $239 DEC. 30- $289
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Mail to: MD
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Gentlemen: Please send me your new O.T.C. Colorado
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Nompa
SFREE-
EPrices
v"HOW WASHINGTON (A) - Higher
SATURDAY grocery bills led a seven-tenths
NOV. 22 of one per cent rise in consumer
G 5pm & 7pm prices in October, the third
sharpest monthly increase this
SUNDAY year, the labor Department re-
_N_2pm& ported yesterday.
- 4pm The report showed that while
price increases have accelerat-
ed since August, the over-all in-
flation rate remains substantial-
WASHTENAW ly below levels of a year ago.
RETAIL prices over the past
12 months were up 7.6 per cent,
the smallest annual increase in
two years.
Prices so far this year have
increased 5.9 per cent.
CARPENTEF James Pate, the commerce
3150 CARPENTER CHARING CROSS
ANN ARBOR BOOKSHOP
PHONE 971-SNOW Used, Fine and Scholarly Books
316 S. STATE-994-4041
Open Mon.-Fri. 11-9,
Sat. 10-6
OCT. REPORT
contimlu(
Department's chief economist,
said October's increase was
"slightly higher than what I
consider to be the basic rate of
inflation of about 6 to 7 per
cent." But he forecast a modera-
tion in food prices next month
and said inflation is expected to
drop to a rate of about 5 per
cent by the end of 1976.
A RATE of 5 to 7 per cent is
high by historical standards but
would be a considerable im-
provement over last year's rec-
ord, when prices rose 12.2 per
cent.
In other economic news, the
government reported that cor-
porate profits after taxes show-
ed the biggest quarterly increase
in 25 years for the quarter end-
ing in September. The increase
was $11.9 billion, or 16.9 per
cent over the previous quarter.
Also, on the housing industry,
Ronald Kaplan, director of the
office of economic research of
the Federal Home Loan Bank
CRISP operates
rising smoothly this week
Board, reported a consensus of
experts that housing starts will The University's CRISP regis- cause any jam-up near the end
range from 1.40 million to 1.65 tration system is apparently off of the registration !period. He
million units in 1976, compared to a smooth start in scheduling maintained' that students who
with 1.15 million in 1974. students for winter term - a had taken the trouble to get
THE Labor Department said marked contrast to the system's, early aphointment tickets would
consumers paid higher prices ,performance in September when not forfeit their right to use
in October for clothing, new an excess of drop-add students them.
cars, fuel oil, mortgage interest engulfed the Old Architecture Woolley attributed the improv-
rates, auto insurance and food, Building. ed effectiveness to the appoint-
particularly meats, dairy pro- The system, which began pro- ment tickets. In September, he
ducts and coffee. cessing students Monday, has so said, students converged on
Last month's seven-tenths of a far involved a wait of approxi- CRISP all at once and could not
per cent increase in retail prices mately eight minutes per stu- be accommodated. Also, he does
followed risesiof two-tenths in dent. not expect astmany students to
August and five-tenths in Sep- drop-add this term.
tember. "THINGS are going very well
In September, grocery prices over there," said Associate Uni- During this registration period
declined slightly. But they were versity Registrar Douglas Wool- the system can handle about
up again in October, rising 1.5 ley yesterday, adding, "We'd 32,000 computer "sessions" -
per cent. like to see more students." spaces of time for students to
Beef prices rose after two Woolley was referring to the either register or drop-add -
months of decline, while pork fact that some students have while Woolley anticipates only
continued to increase sharply, skipped their appointments, re- about 28,000 students to register.
the government said. Dairy pro- sulting in slightly shorter lines. This leaves roughly 4,000 ses-
ducts and processed fruits and However,, Woolley said he did sions for dropping and adding,
vegetables increased more than not believe enough students of which Woolley expects 1,000
in recent months. would miss apnointments to to 1.500 to be needed.
Addre
City, State and Zip Code.
U
: t
ON
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SUNDAY at 8:35 p.m.
A special call-in program about the
care, feeding, or problems with your
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CALL 764-9210 or 763-1550
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IeC. of State for
WASHINGTON (A')--Rejecting
an appeal from President Ford,
the House Intelligence Commit-
tee voted yesterday to proceedI
with contempt action againstr
Secretary of State Henry Kis-(
singer.1
But Chairman Otis Pike (D-
N.Y.) said he will drop two of
the committee's three contemptc
citations against Kissinger if
Ford's aides turn over all thet
documents they offered in a<
compromise.
REJECTING Ford's request1
fn rnnid iat tha rmi-
House panel moves against
grave matters affectin
duct of foreign poli
said he invoked execu
lege because the Sta
nient covert operation
contained military ai
policy secrets.
BEYOND THAT, he
documents revealed
acceptable degree th
tion process involvii
and recommendations
dents Kennedy, Joh
Nixon."
contempt
ag our con- Atty. Gen. Antonin Scalla.
cy," Ford Scalla said the White House
ntive privi- would deliver, as far as he
te Depart- knew, all subpoenaed intelli-
n requests gence estimates of Soviet com-
nd foreign pliance with arms agreements.
Earlier, Kissinger and the
House panel clashed over a sec-
said, "the ret State Department memo on
to an un- United States mistakes in the
e consulta- 1974 Cyprus crisis. Despite ob-
ng advice iections from Pike, the commit-
to Presi- tee accepted an edited version
inson and of the report and dropped a
separate contempt charge
I
(,
i
1
1
.
for reconsiaeration, the commit
t- Ford said the other two con-I
tee voted 10-3 to report to the tempt actions should be drop-
full House its contempt citation ped because the information
against Kissinger. The Secre- j pedbec asteinforaio
tary of State has refused to substantially was beig turned
turn over documents of State over and because Kissinger was:
turnoverdocment ofnever the right man to cite in
Department requests for covert(thertpe
intelligence operations abroad the first place.
made since 1961. Both subpoenas, approved byI
Ford said in a letter to each the committee Nov. 6, were
committee member that since issued to the President's na-'
he had invoked executive privi- tional security adviser, Ford
lege against their delivery, "Sec- said, and he said Kissinger has
retary of State Kissinger was not held that job since Nov. 3.
acting on my instructions as Ford's compromise for drop-
President of the United States." ping two of the contempt actions
Contending the contempt ac- against Kissinger was spelled
tion against Kissinger "involves out to the committee by Asst.
. fti"" "
against Kissinger.
THE MICHIGAN DAILY
Volume LXXXVI, No. 68
! Ti~M- Nnamhb 21. 1975
Friday, November zI ,
is edited and managed by students
at the University of Michigan. News
phone 764-0562. Second class postage
paid at Ann Arbor, Michigan 48106.
Published d a Ii y 'Tuesday through
Sunday morning during the Univer-
sity year at 420 Maynard Street, Ann
Arbor, Michigan 48104. Subscription
rates: $12 Sept. thru April (2 semes-
ters); $13 by mail outside Ann Ar-
bor
Summer session published Tues-
day through Saturday morning.
Subscription rates: $6.50 in Ann
Arbor; $7.50 by mail outside Ann
Arbor.
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