100%

Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Download this Issue

Share

Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

This collection, digitized in collaboration with the Michigan Daily and the Board for Student Publications, contains materials that are protected by copyright law. Access to these materials is provided for non-profit educational and research purposes. If you use an item from this collection, it is your responsibility to consider the work's copyright status and obtain any required permission.

August 02, 1979 - Image 4

Resource type:
Text
Publication:
Michigan Daily, 1979-08-02

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

Page 4-Thursday, August 2, 1979-The Michigan Dail1
Michigan Daily
Eighty-nine Years of Editorial Freedom
420 Maynard St. Ann Arbor. M. 48109
Vol. LXXXIX, No. 57-S News Phone: 764 O 2
Edited and managed by students
at the University of Mi~higan
Chrysler should
get federal aid
G OVERNMENT INTERVENTION is not wel-
comed by businesses in this country now or
in the past. So Chrysler Corp.'s request for a $1
billion advance in tax credits from the federal
government is clearly not by choice. The
beleaguered automaker is in such bad financial
straits that the U.S. government is the only
viable funding source.
Recently, Chrysler reported second quarter
losses of $207 million. Financial analysts say in
view of the recession the nation is experiencing, it
is unlikely the company can regain profitability
soon. While it is up to consumers to turn things
around for the number three automaker, the red
ink will not darken if the public's confidence in
Chrysler remains minimal. Cars cost too much
for consumers to buy them haphazardly-without
consideration of a company's solvency.
But more important than the company's profits
are the thousands of workers who would be laid off
if Chrysler is permitted to go defunct. The impact
on Detroit, Michigan, and the nation's economy
would be serious if Chrysler's business continues
to wane.
Likewise, the purpose of maintaining some
degree of competition in the auto industry out-
weighs resistance to government involvement in
private industry. The government is already in-
volved to the extent of imposing increased costs
on automakers so that their products do not
pollute the air excessively. Auto emissions
regulations cannot falter or be reversed since that
would be unfair to environmentalists and other
manufacturers who must abide by them. The fact
that complying with standards has cost Chrysler
relatively more than its competitors, justifies
federal aid to facilitate the firms' continued
operations.
Chrysler obviously cannot regain profitability
by itself. The alternatives to federal aid to dig
Chrysler out of be debt are mergers with one of
the other auto giants, or Volkswagon may pur-
chase it. Both these options are more threatening
to the competitive marketplace and national
economic security than government intervention
is to private industry's freedom.
Chrysler is not the first private firm to request
government aid. Amtrak and the postal system
both had to be bailed out at one time, and not just
in the form of advanced tax credits. Chrysler asks
not for government bureaucratic management or
control; it merely wants, a chance to regain
solvency at a time when economic circumstances
are not conducive to car-buying.
SUMMER EDITORIAL STAFF
ELIZABETH SLOWIK
Editor-in-Chi
JUDY RAKOWSKY. . .............. Editorial Director
JOSHUA PECK..,..... ... ..... Arts Editor

LETTERS:
Yearbook nearly void of blacks
To the Daily:
As a member of the April, 1979 because the yearbook staff saw an entire section to fraternities
graduating class from the fit to include pictures of black and sororities, but there is ab-
University of Michigan, I pur- students pursuing these ac- solutely no reference made to the
chased a copy of the '79 tivities, they also felt that it was three black sororities and four
Michiganensian to add to my indicative of our extracurricular black fraternities that have chap-
collection of Michigan pursuits. ters at the University. As a mem-
memorabilia. After skimming There are numerous black ber of one of these organizations,
through this publication which is organizations on Michigan's Delta Sigma Theta-a public ser-
supposedly a retrospective look campus, but the yearbook staff vice organization with over 95,000
at the big events of the previous failed to include a picture of any members in over 600 chapters in-
academic year, as well an attem- one of them. It's interesting to cluding the United States, the
pt to capture Michigan students note that a picture of the Society Virgin Islands, and the republics
at rest, play, business, etc., it of Women Engineers was in- of Haiti and Liberia. It's an
would be an understatement to cluded, while there was no men- organization which for 66 years
say that I was upset over the tion made of the organization of has dedicated itself to a program
marked paucity of photographs minority engineers that 'also of educational advancement,
or mention of the number of black exists in the College of economic development, housing
students that are enrolled on the Engineering. There is also a and urban development, and
Ann Arbor campus. black psychology students other areas crucial for the bet-
As a matter of fact, if I hadn't organization, an organization of terment of the black com-
myself spent four years on this black medical students as well as munity-I feel that a definite in-
campus, I would wonder if there black nursing students, a black Justice has been done. Black
even was a sizeable black student business students organization, greek organizations are not
population on campus. As a black as well as countless other "social" sororities or frater-
student, I am aware that we do organizations in several of the nities, as several of the white
study, go to football games, live other academic disciplines greek organizations that were in-
in dorms, move to apartments, throughout the University, on cluded in the yearbook boasted
actively participate in both an undergraduate and of; we aren't housed in the white
organizations, and in general graduate level. In each of the pillared homes on Washtenaw
exist at the University, even residence halls on this campus and Hill streets; and we don't
though in the pictorial depiction there is also a black student participate in "mud bowls
of these activities we have been organization that participates in Derby Day," or any other of the
excluded. But it is interesting to fund-raising activities inane. "Animal House," type ac-
note that there are three pictures throughout the year to produce tivities that several of our white
of blacks in the section entitled such events as the annual Black counterparts choose to do. I can't
"Lunch," and two pictures in the Awards Banquet and the Bursley believe that black fraternities
coverage of student participation Show, even though there was no and sororities on this campus are
in IM sports and the physical fit- mention made of either of these invisible, but I do believe that the
ness programs offered through two events. yearbook staff chooses to think
the recreation buildings. Perhaps The yearbook staff dedicated so. -Regenia Lumbard
HI, MYNAMES PAUL. THIS THE STRP is5SET IN AND Y*HEY!
IS A COMIC STRIP C4LLED AROUND A UNNEwiITY IN WAKEUP
t'HLlLlrE' LijCH 4 ILL CNICAoITLL. B 7T THAT
BE APPERIING I/ THE MPITERS LITTLE AS FA'
NICH/'4V PI LV FOR THE AS THE CONTEr OF THE
NEXT7 L O WEEKl0OR SD. STRIP GOES. REAut..
- IT'S HEAsT FOR
EVERYONE Wio
- EVER WENT T
t ~SCHOOL ,
COLLEGE OR~
>tHERO4SE.
huPILL ASLEEP! I
DOM'T sELIET!
WAa- UP MAN.
CLASS IS OVER. W,(!YOORE 1
REAW RELAXED1
YOU DIN T
MISSToo MUCH.
REA4 THAS AL! WSH Ib H ARD
THAT.
YEAH, O8ERTS
JUST TALKED
('tBOO THE REA-
I NG, OFFICE ON
YOO KNOW...
GVE ASHORT _
r)SPER A Ef
( s Hey, Yoo WERE 7HE SAR!

Back to Top

© 2020 Regents of the University of Michigan