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October 02, 1981 - Image 2

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Publication:
The Michigan Daily, 1981-10-02

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The Theosophical Society
s Presents
Practical Meditation In Daily Life
Kathleen Warrick De
1SATURDAY
October 3
4:00 p.m.
FIRST UNITARIAN
CHURCH
1917 Washtenaw
for information call 483-3047
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Page 2-Friday, October 2, 1981-The Michigan Daily
Investors line up
o purcase new
savings bonds
NEW YORK (AP) - It was a yesterday's auction - will also go
welcome change for the nation's down.
bankers - people lined up to bring CERTIFICATES sold before Monday
money in, not to take it away, as tax- will carry a 12.61 percent interest rate,
free All Savers Certificates went on but certificates sold afterwards will
sale yesterday. carry a 12.14 percent rate. Minimum
A spot check nationwide indicated deposits are $500.
many banks and thrift institutions were Rates will change again after the
doing a brisk business, particularly in next auction, scheduled Nov. 2.
the South. The first certificates were sold shor-
"All our-lobbies are full of people," tly after midnight yesterday morning
said Cleve Brown, senior vice president at Bar Harbor Savings & Loan
of Unifirst Savings and Loan Association, a Bar Harbor, Maine, in-
Association in Jackson, Miss. "And I stitution that calls itself the nation's
expect them to be full today and smallest S&L.
tomorrow." In Chicago, 20 employees of North
BUYERS OF ALL Savers were at- West Federal Savings and Loan arrived
tracted by a combination of high in- at work at 6:30 a.m. to begin tran-
terest and freedom from federal taxes. sferring funds into All Savers accounts
Bankers expected an even busier day from earlier deposits for that purpose.
today because some investors were ap- After two hours, 200 new All Savers
parently waiting to see if an auction of were sold.
Treasury Department one-year bills AN EARLY UNKNOWN was how
held yesterday would lead to higher much "new money" the banks and
rates. thrifts would be attracting, not just
But because the auction resulted in transfers of their current savings' ac-
lower rates, interest for All Savers cer- counts.
tificates sold after Monday - equal to "I see a lot of new faces down there,"
70 percent of the investment yield at said Ralph Harvard, vice president of
Virginia Federal Savings & Loan of
TONIGHTTrRichmond, as he peered into the lobby.
"If I had to guess, I'd have to say there
SECOND CHANCmight be some new money."
Two-thirds of all Savers bought at
American National Bank & Trust of
M O R IA HNew Jersey's 39 branches involved new
516 E. Liberty 99-money, said spokesman Michael
Pagan.
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d

IN BRIEF
Compiled from Associated Press and
United Press international reports
Sept. food prices up slightly
Higher prices for coffee and eggs helped push grocery bills a fraction of a
percent higher during September, but an Associated Press marketbasket
survey showed the increases were almost offset by scattered savings on
other items.
There were sales on frankfurters in several areas, along with lower prices
for peanut butter and sugar.
The marketbasket bill went up last month at the checklist store in nine
cities, rising an average of 1.8 percent. The bill decreased in four cities,
down an average of 3.7 percent. Overall, the marketbasket bill at the
checklist stores was one-tenth of 1 percent higher at the start of October than
it was a month earlier.
Iranians mourn crash victims,
prepare for elections
BEIRUT, Lebanon- Nearly 1 million Iranians chanting anti-American
slogans mourned the victims of a military plane crash at a mass funeral
rally yesterday. the clergy-led government meanwhile took extra
precautions against renewed street violence during today's presidential
elections.
The fundamentalist Moslem regime of Ayatollah Ruhollah Khomeini ac-
cused government foes of waging a bloody campaigriof street violence to
scare voters away from the polls during Iran's third presidential election in
19 months.
Nuke plant opening delayed
LOS ANGELES- Fuel won't be loaded at the Diablo Canyon nuclear
power plant until its owner shows that a design mistake affecting ear-
thquake resistance is the only one it made, a federal official said yesterday.
"The question you have to ask is," said Darrell Eisenhut of the Nuclear
Regulatory Commission, "Is that the only mistake they made?"
"The utility is going to have -to convince us that this is the only mistake.
We're going to have to get a handle on that ... before they go back to loading
fuel."
Eisenhut is head of the licensing division of the NRC, which approved an
interim license for the $2.3 billion Pacific Gas and Electric plant less than
two weeks ago.
Elvis' physician
faces drug charges
MEMPHIS, Tenn.- Elvis Presley's longtime manager and two ex-
girlfriends may be tapped by prosecutors to testify in the drug trial of the
rock'n'roll legend's personal physician, it was disclosed yesterday.
Dr. George Nichopoulos is charged with prescribing thousands of uppers,
downers and painkillers to Presley and 10 others, including himself. The
trial is gaining considerable attention because it is expected to shed new
light on whether Presley's death in 1977 was the result of a drug overdose.
Jury selection began yesterday and attorneys said the panel would be
sequestered for the duration of the trial. Criminal Court Judge Bernie
Weinman told jurors his "best guess" was that the trial would last a month.
Among the 135 persons listed as prospective witnesses for the prosecution
are Col. Tom Parker, who steered Presley through his career and former
girlfriends Ginger Allen and Linda Thompson Jenner.
Radical Solidarity officials
hope to unseat Walesa
GDANSK, Poland - Solidarity was urged yesterday to back "radical
cuts" in Polish defense spending, take control of the economy to prevent food
riots, and to consider three tough challengers to Lech Walesa's leadership.
Solidarity officials announced the names of the candidates hoping to un-
seat Walesa from leadership of the 13-month-old union, the first labor
federation free of Communist Party control in the Soviet bloc.
Vol. XII, No. 20
Friday, October 2, 1981
The Michigan Daily is edited and managed by students at The University
of Michigan. Published daily Tuesday through Sunday mornings during the,
University year at 420 Maynard Street, Ann Arbor, Michigan, 48109. Sub-
scription rates: $12 September through April (2 semesters); $13 by mail
outside Ann Arbor. Summer session published Tuesday through Saturday
mornings. Subscription rates: $6.50 in Ann Arbor; $7 by mail outside Ann
Arbor. Second class postage paid at Ann Arbor, Michigan. POSTMASTER:
Send address changes to THE MICHIGAN DAILY, 420 Maynard Street,
Ann Arbor, MI 48109.
The Michigan Daily is a member of the Associated Press and subscribes to United Press International,
Pacific News Service. Los Angeles Times Syndicate and Field Newspapers Syndicate.
News room: (313) 764.0552. 76-DAILY. Sports desk. 764-0562, Circulation, 764-0558. Classified advertising

0

wool down, polar-
pants guard & thin- nickels arcade
sulate coats 761-6207
Cross Country Saels and Rentals
Mon-Sat 10-5:30; Thurs, Fri until 8
1981 Beer Brewed by Miller Brewing Co., Milwaukee, Wis.

764.0557. Display advertising. 764.0554. Billing 764-0550.
Editor in chief...................SARA ANSPACH
Managing Editor ................ JULIE ENGEBRECHT
University Editor ................. LORENZO BENET
News Editor...... . ...... . ........DAVID MEYER
Opinion Page Editors.............KEVIN TOTTIS
CHARLES THOMSON
Sports Editor.................MARK MIHANOVIC
Associate Sports Editors............ GREG DeGULIS
MARK FISCHER'
BUDDY MOOREHOUSE
DREW SHARP
Chief Photographer ..... . ........ PAUL ENGSTROM
ARTISTS: Robert Lence. Norm Christiansen, Jonathan
Stewart.
PHOTOGRAPHERS: Jackie Bell, Kim Hill, Deborah
Lewis, Mike Lucas, Brian Mosck.
MAGAZINE/ARTS STAFF: Jane Carl. Mark Dighton.
Adam Knee. Pom Kramer. Gail Negbour, Howard
Witt.
NEWS STAFF: John Adam. Beth Allen. Doug Brice,
Crol Chaltron. Andrew Chapman, Lisa Crumrine.
Debi Davis, Ann Marie Fazio, Pom Fickinger. Moure
Fleming. Denise Franklin. Joyce Frieden. Mark Gin.
din. Julie Hinds. Steve Hook, Kathy Hoover. Jennifer
Miller, Don Oberrotman, Janet Rae. David Spok. Fon-
nie Weinstein. Barry Witt.

.

SPORTS STAFF
SPORTS STAFF: Barb Barker, Randy Berger, Mark
Borowdki, Joe Chapelle, Martha Crall, Jim Dworman,
John Fitzpatrick, Larry Freed, Chuck Hartwig, Chuck
Jaffe, John Kere, Larry Mishkin, Dan Newman, Ron
Pollock, Jeff Quicksilver, Steve Schaumberger,
Sarah Sherber, James Thompson, Kent Walley, Chris
Wilson, Bob Woinowski.
BUSINESS STAFF
Business Manager ....,............RANDI CIGELNIK
Sales Manager . . ................. BARB FORSLUND
Operations Manager ..............SUSANNE KELLY
Display Manager ............ MARY ANN MISIEWICZ
Classifieds Manager ............. DENISE SULLIVAN
Finance Manager...............MICHAEL YORICK
Assistant Disolov Manager . . ........NANCY JOSLIN
Nationals Manager ............. SUSAN RABUSHKA
Circulation Manager ................,. KIM WOODS
Sales Coordinator .............E. ANDREW PETERSEN
BUSINESS STAFF: Liz Altman, Hope Barron, Lindsay
Bray, Joe Broda, Alexander DePillis, Aida Eisenstadt,
Susan Epps, Wendy Fox, Sandy Frcko, Pamela Gould,
Kathryn Hendrick, Anthony Interronte, IndreLuitkus,
Beth Kovinsky, Barbara Miner, Caryn Notisse, Felice
Oper, Jodi Pollock, Michael Sovitt, Michael
Seltzer, Karen Silverstein, Sam Slaughter, Adrienne
Strambi, Nancy Thompson, Jeffrey Voigt.

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PUBLICATION SCHEDULE
1981
SEPTEMBER OCTOBER NOVEMBER DECEMBER
S M T W T F S S M T W T F S S M T W T F S S M T W T F S
-4--4- 1 2 3 1 3 4 5 6 7 t 2 3 45
101112 4 6 7 8 9 10 8 10 11 121314 6 8 9 1011 12
13 t 5 16 17 18 19 111 13 14 15 16i 17 t5 17 18 19 20 21ti3-16
20 222 2324 25 26 18 20 21 22 23 24 22 24 25 29 =+-
27 29 30 25 6 27 28 29 30 31
982
JANUIARY FERARY M *ARCH aI - ,.

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