Page 2-Tuesday, March 2, 1982-The Michigan Daily
Baker sparks debate
over hi-tech park deal
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STARTING MARCH 9
--. -- -- ---
self. One clause commits the Univer-
sity to using its "best efforts" to en-
courage research and investment in the
"This does not mean we are
promoting exclusively this piece of
property," Brinkerhoff said.
"THAT ISN'T what this (the
agreement) says," Nederlander
"Are we (the Regents) in a position
where we can do nothing (to alter the
agreement)?" Baker asked.
"We have an executed agreement,"
President Harold Shapiro told him.
UNTIL YOU TALK TO
Shapiro apologized for any misunder-
standing which may have arisen in the
course of the Regents' involvement in
the issue, promising to provide Baker
with a list of answers to his questions.
IN OTHER ACTION, the Regents
decided to table until this month ap-
proval of the annual 12-month invest-
ment program review to allow time to
analyze investment proposals made by
representatives of the National Bank of
Detroit Trust Division.
Bank representatives presented the
Regents with several alternatives to
their conventional investment
program, including various stock op-
tion strategies, participation in a real
estate partnership program, and pur-
chase of stocks in companies con-
sidered "in an earlier stage of cor-
The Regents also approved construc-
tion of an addition to Tappan Hall to
provide better fire and climate protec-
tion to the University's Fine Arts
Library. The addition will be built im-
mediately south of Tappan Hall.
"EACH DAY that passes with that
collection where it is, I feel it's less and
less responsible," Shapiro said. "We
could put the collection in storage but
tht would separate it from the faculty
and students. That's irresponsible."
The Regents approved other struc-
tural improvements on the Parkview-
Turner Building near North Campus to
house research and faculty offices of
the opthamology department.
The new wing, to be built at an
estimated cost of $8.5 million, will be
located immediately west of the
present Parkview Building.
ARE A GREAT
WAY TO GET
Compiled from Associated Press and
United Press International reports
Leading economic indicators
drop for ninth straight month
WASHINGTON- The broadest gauge of the nation's future economic
health fell for the ninth straight month in January, indicating, in the words of
Commerce Secretary Malcolm Baldrige, "that the recession has yet to run
Deputy Treasury Secretary R:T. McNamar conceded in a speech yester-
day that the economy is still performing poorly and "the current downturn
will be far worse than envisioned in our earlier scenarios."
McNamar said that unemployment-8.5 percent of the workforce in
January-"may yet go to 10 percent before we get things turned aroung."
The Commerce Department reported its composite index of 'leading
economic indicators for January declined 0.6 percent, but only after the
department took the unprecedented step of excluding one of its componen-
ts-a sharp decline in the average workweek influenced to a large extent by
FBI says weekend bombings
mark return of terrorists
NEW YORK- Four explosions that rocked Wall Street were evidence that
the Puerto Rican terrorist group FALN has recovered from a series of
arrests last year and is back in business, the FBI said yesterday.
The explosions late Sunday, when the nation's financial district was vir-
tually empty, apparently were timed to mark the March 1, 1954, attack by
Puerto Rican nationalists who opened fire from the House of Represen-
tatives visitors' gallery and wounded five congressmen.
The bombings "could translate into a buildup of a new leadership" of the
FALN, which was dealt a serious blow in June 1980 when 11 of its top mem-
bers were arrested and subsequently convicted in Chicago, said Kenneth
Walton, the assistant deputy director of the FBI in New York.
Hillside Strangler trial begins
LOS ANGELES- Cousins Angelo Buono and Kenneth Bianchi were depic-
ted yesterday in the prosecution's opening statement as the "sex-oriented,
manipulative" partners in the Hillside Strangler murders of 10 women.
Buono, standing trial alone after Bianchi turned state's evidence in a plea
bargain to escape the death penalty, has steadfastly maintained his in-
nocence. Defense lawyers Gerald Chaleff and Katherine Mader are expec-
ted to argue that Buono is a victim of Bianchi, who hates Buono and wants
The defense was expected to present its opening statement today.
In the prosecution's opening remarks, Deputy Attorney Genral Roger
Boren said: "The evidence will show that Kenneth Bianchi and Angelo
Buono were sex-oriented, manipulative individuals. . . When these two in-
.dividuals came together, there was a . . . chemical reaction . . . and it
resulted in these 10 victims losing their lives."
High Court to rule on
generic drug availability
WASHINGTON-.The Supreme Court put itself into position yesterday to
determine how quickly-and perhaps how safely-less-expensive "generic"
equivalents of brand-named prescription drugs become available to con-
The court said it will decide whether the federal government may delay
the marketing of generic drugs while their inactive ingredients are checked
for safety and effectiveness.
The federal Food and Drug Administration is seeking the right to hold up
the marketing of any generic drug until its inactive ingredients are ap-
A generic drug's inactive ingredients, such as a capsule's coating or sub-
Stances binding ,togethervarious chemicals, often differ from those found in
the higher-priced brands.
Government regulators contend that such variations can be harmful
because they affect the amount and speed of the active ingredients' entry in-
to the bloodstream.
C e itbtgan U aiI
Vol. XCII, No. 117
Tuesday, March 2, 1982
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March 12 1982