Page 6--Friday, February 20, 1981-The Michigan Daily Protesters oppose investment proposals Daily Photo by DAVID HAR UNDERGRADUATE 'D' GHOSH (right) and Paul Bowyer, University Coordinator of Housing Maintenance, were among many to attend yesterday's Regents meeting. The agenda included discussion of investment in defense in- dustries and recreational sports budget cuts. First-class, mailwill soon cost, 18 cents WASHINGTON (AP) - The Postal Rate Commission approved yesterday a 3-cent increase for first-class mail and added another two cents to the price of a dime postcard. The increases could take effect as early as next mon- th. The new 18-cent stamp still will be two cents short of what the Postal Ser- vice requested, and may lead the mail agency to ask for another increase next year. Commission Chairman Lee Frit- schler said the rate decision was "anti- inflationary." A dissenting commission member said the new rates will be inadequate to cover Postal Service ex- penses and agreed another increase is likely before long. The decision will give the Postal Ser- vice about $1 billion less per yearthan the $3.75 billion it saidit needs. Moreover, President Reaganis proposing cuts in the postal subsidy. Postmaster General William F. Bolger said last week the agency may need to ask for higher rates again later this year if the rate commission did not approve the full request. (Continued from Page 1) said he would only give the Regents a financial viewpoint on the proposal. Brinkerhoff, whose office is in charge of the investment report, said the NBD recommendations "were forwarded to the Regents unchanged." Under guidelines set up in March, 1978, when demonstrators protested against University investments in companies with holdings in South Africa, the Regents may choose today to set up a committee to study the defense investments debate. The "South Africa Resolution" says the Regents may appoint a committee of faculty representatives, students, administrators and alumni to gather in- formation about any issue that "in- volves serious moral or ethical (in- vestment) questions which are of con- cern to many members of the univer- sity community." PROTESTORS AGAINST adding ; defense industries to the University's list of possible stocks were not the only members of the University community to be heard by the Board yesterday. Students, faculty, and staff members concerned about proposed cuts in the Department of Recreational Sports' budget asked the Regents to try and save the department. Tom Hogsten, the MSA represen- tative to the Advisory Committee on Recreational Sports, said he would like increases in student or user fees to ac- company inevitable budget cuts to lessen the impact of the reductions. Rec Sports is "a very integral part of the fraternity system," said Bill Hogan, president of the Fraternity Coor- dinating Council. Hogan told the Board that "some houses could be notable af- fected by a change (in the intramural program)." LISA DROUILLARD, representative from the Residence Hall Council, said that the intramural program, which may be cut by as much as 50 percent, plays an important role in a freshper- son's ability to adjust to the University. Drouillard also said Rec Sports provides a "way to release pressure. You're going to have a lot of intoxicated freshmen" if the Rec Sports budget is reduced, she said. The proposal to decrease the Rec Sports budget is still a long way away from Regental approval, as it is curren- tly being studied by a subcommittee of the Budget Priorities Committee. SEVERAL MEMBERS of University student government organizations took this opportunity for public discussion to voice their concern over. the lack of student participation in budget cut decisions. Citing an earlier Regental recom- mendation for student participation in such decisions, MSA representative Jim Cull said, "Your recommendations have fallen on deaf ears in the ad- ministration." LSA-SG President Sue Porter said the "academic units should be the last con- sidered" for budget cuts and asked the@ Regents to "guarantee" students a position in the future. STUDENTS WERE NOT allowed on the geography department review committee because the University con- sidered it to be only a "peer review," said Porter. Three graduate students spoke on behalf of the Graduate Employees Organization, protesting the budget cuts procedure. GEO member Paul Harris said the proposed cuts would af- fect those with less job security, such as junior faculty members and graduate student assistants. "GEO urges the Regents to take im- mediate action to assure that the ad- ministration's power does not result in undue hardships for the powerless," said Harris. "You can decide, or you can force us to resort to other forms of pressure and obstruction." GRADUATE ASSISTANT Barbara Joos said GEO supports "shared austerity" - the idea that all units within the University share budget cuts instead of completely cutting out single units. The budget cuts, Joos said, will affect the quality of teaching at the Univer- sity, since the faculty will be "overex- tended and less effective" due to larger class size. The recommendation that the University include defense industries on its master list of common stocks - the list from which the University may purchase stocks - was only one part of the full Report on Investments presen- ted yesterday. NBD TRUST Investment Research also proposed that the University add hospital management industry, natural gas industry, and railroad industry stocks to its list. Not every stock on the master list will be added to the Univer- sity portfolio. The list only provides the potential corporations. The investment report, which presen- ts a very encouraging View for invest- ments in the stock market, also recommends the Regents initiate , a security lending program and authorize the purchase of Canadian commerical paper and Eurodollar certificates of- deposit. In other business, the Regents heard reports from the chairpersons of the0 LSA and Nursing School Dean Search Committees. Math Prof. Donald Lewis said that his committee is currently interviewing 12 candidates and will present the final panel to Vice President for Academic Affairs Bill Frye sometime in early March. Nursing Prousan Steckel said her committee's s ch is also nearing its conclusion. 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