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May 23, 1975 - Image 10

Resource type:
Text
Publication:
Michigan Daily, 1975-05-23

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

Page Ten

THE M CHIGAN DAILY

Friday, May 23, 197 5

Author Thomas Pynchon turns Germans cut loan
down American Academy medal rate; dollar declines

NEW YORK (47 - Author
Thomas Pynchon has turned
down the American Academy of
Arts and Letters' most presti-
gious award, saying the solid
gold Howells Medal was '"prob-
ably a good hedge against infla-
tion, too. But I don't want it."
The Academy, which honor-
ed Pynchon's "Gravity's Rain-
bow" as the best fiction pub-
lished during the past five
years, agreed to keep the gold
medal in a vault should Pyn-
chon change hia mind.
IN A note of regret Wednes-
day, Pynchon wrote, "The
Howells Medal is a great hon-
or, and, being gold, probably a
good hedge against inflation

too. But I don't want it.
"Please don't impose on me
something I don't want, It
makes the Academy look arbi-
trary and me look rude. I know
I should behave with more
class, but there appears to be
only one way to say no, and
that's no."
Pynchon, who sent his note
before the awards were an-
nounced publicly, gave no oth-
er explanation for his action.
T H E ACADEMY said its
selection committee "consider-
ed the work merited the medal
and decided nevertheless to an-
nounce its decision."
The National Institute of
Arts and Letters, a broader

organization of which Academy
members form the elite, also
presented other awards in cere-
monies at the Academy.
Its award for distinguished
services to the arts went to
choreographer George Balan-
chine; the gold medal for paint-
ing to William de Kooning and
the gold medal for belles lettres
to critic Kenneth Burke.
The Academy's Award of
Merit for Poetry went to Stan-
ley Kunitz.
For diet watchers: celery,
stuffed with dill-flavored low-
fat cottage cheese, makes a
good snack.

By The Ass'ciated Press
The American d o 1 a r fell
sharply yesterday on European
exchanges while gold, partly re-
flecting the lack of confidence
in the dollar, spurted $4 to
$174.50.
West Germany cut lending
rates to stimulate business for
the second time since March 6,
the Common Market reported
European unemployment is in-
creasing, and Japan's industrial
production rose for the first
time in six months.
THE BRITISH government
reported unemployment there
fell during May but said the
drop was due to students re-
suming studies after register-
ing as unemployed during Eas-
ter vacation. The total British
jobless stood at 850,346, or 3.7

Public Hearing

BIKEWAY
122 miles of new
pathways
Expanded service &
Major system im

nlSIT
new routes
rAYS
iprovements

per cent of the siork force,.a
drop of 89,521 from April.
The decline in the dollar in
sometimes hectic trading was
part of a long downward drift
In Paris, where the dollar hi:
its lowest level since July 1973,
traders said the drop by 3 cen-
times to 3.9935-4.0550 francs had
no special cause and was part
of a downtrend that has seen
the dollar lose 23 per cent of
its value in relation to franc
in the past 17 months.
Attorney
blasteds
Continued from Page 1
Bransdorfer said Ozer "should
know that the distinction be-
tween our courts as institutions
and their individual members
is vital and must be maintain-
ed."1
"There is no justification for
any law enforcement authority
to try his case in advance,
outside the courtroom," Brans-
dorfer said.
"Mr. Ozer's responsibility is
not to undermine the adminis-
tration of justice, but to im
prove it."
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WHAT IS HAPPEninG - 1975 to 1990
WE INVITE YOUR COMMENTS ON A PROPOSED TOTAL
TRANSPORTATION PLAN FOR THE AREA SHOWN BELOW
PUBLIC HEARinG MAY 29. 1975 8:00 p.m.
Ann Arbor Public Library 343 S. 5h Ave.
1 ANN ARBOR
1 5
SCiO ,j-' g 5 SUPERIOR
Preliminary Reports Available at: An Ab
Ann Arbor Public Library
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