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March 09, 1982 - Image 2

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The Michigan Daily, 1982-03-09

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01

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Page 2-Tuesday, March 9, 1982-The Michigan Daily
UAW rejects AMC plan;

agrees t
fro& UPI and AP,
MILWAUKEE- The United Auto
Workers union decided yesterday to
reopen negotiations with the American
Motors Corp., but rejected a company
proposal that employees invest 10 per-
cent of their wages in a product
development plan.
"We have voted to enter negotiations
but have rejected the American Motors

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o reopen
plan," said UAW President Douglas
Fraser, who led the union delegation. 1
UNION OFFICIALS, he said,
however, would immediately 'begin
drafting a counter-offer and it could in-
clude some sort of an investing plan.
Fraser described the original AMC
proposal as "outlandish" in that it
"demanded too much of the American
Motors worker," but admitted the idea
'of investing in the firm was "construc-
tive, innovative and we're interested in
it."
"I'm optimistic we can reach an
agreement," said Richard Mac-
Cracken, AMC vice president of in-
dustrial relations.
HE SAID the company's proposal,
outlined in a one hour opening session
attended by AMC President Jose
Dedeurwaerder and AMC Chairman W.
Paul Tippitt, was only slightly different
from the one offered in November.
It called on employees to invest 10
percent of their wages to raise about

Appfiointments to review
committees announced

talks

$150 million toward the company's $1
billion product development plan. AMC
would begin repaying the money, plus
10 percent annual interest, as early as
1984, he said.
Meanwhile, in Detroit, General
Motors Corp. and Toyota Motor Co. are
considering a joint effort to build up to a
half-million small cars a year in the
United States, company officials said
yesterday.
The idea of a cooperative production
venture was raised at a March 1
meeting in New York between GM
Chairman Roger Smith and Toyota
President Fiji Toyoda, according' to
statements released by both com-
panies.~
Smith and Toyoda agreed to study the
idea but rio details were released.
"We are not in a position at the
moment to announce the contents" of
any joint venture plan, Toyota and its
U.S. marketing arm, Toyota Motor
Sales Co., said in a statement released
in Tokyo.

IN BRIEF
Complied from Associated Press and
United Press International reports
Banks cut prime rate
NEW YORK- Several major banks sliced their prime rate yesterday to 16
percent from 16% percent and one Midwestern bank adopted a 15 percent
rate in response to a $3 billion decline in the nation's money supply and shar-
ply reduced business loan demand.
Chase Manhattan, Morgan Guaranty and First National Bank of Chicago
were among the largest banks to adopt the 16 percent prime rate, a move
that was followed by many regional banks.
United Missouri Bancshares, Kansas City-based holding company for 21
United Missouri Banks, cut its prime to 15/4 percent. Richard C. King,
president of the lead bank, said the 15 percent prime reflects its cost of
funds.
"Also important in the decision," King said, was that "it would appear the
Treasury bill rate on which we base our six-month money market certificate
will drop to 3/4 point below what we've been paying this previous week."
Belushi death still a mystery
despite, additional testing
LOS ANGELES- More tests were conducted yesterday to try to deter-
mine what killed comedian John Belushi as the county medical examiner-
the famous "coroner to the stars"-remained unusually silent in the midst of
the mystery.
Operating under an official gag order because of "sensationalized"
remarks and "editorializing" following the deaths of William Holden and
Natalie Wood, Medical Examiner Dr. Thomas Noguchi refused to comment
on Belushi's death, which occurred Friday.
Noguchi, whose office was the model for television's "Quincy," issued a
terse statement following the autopsy Saturday, saying only that no cause of
death had been determined and further tests would be required.
The second round of tests for toxic substances and evidence of disease on
samples of tissue taken from the body began shortly after the autopsy Satur-
day and continued yesterday, the coroner's office said.
Police said there was no evidence of violence and that Belushi had ap-
parently died of natural causes. Early speculation from people who had seen
the body, including a hotel employee who helped try to revive the actor, was
that he appeared to have choked on his tongue or had had a heart attack.
tC
Solidarity meets in secret
WARSAW, Poland- Solidarity leaders who have avoided joining thousan-
ds of their colleagues in detention met in secret outside Warsaw last w'eek
and issued a call for talks between authorities and the union leadership,
sources said yesterday.
The sources, whose previous reports have proved accurate, would not
disclose the site of the meeting or a roster of participants, beyond saying
those members of the independent union's 107-member national commission
who are-still free attended.
Most Solidarity activists have been interned since the Warsaw regime im-
posed martial lIw and suspended the union on Dec. 13.
At the underground meeting last week, leaders called for talks with
authorities, on the condition that Solidarity leader Lech Walesa and other in-
terned leaders and advisers be allowed to attend, the sources said.
The leaders also recommended "passive resistance" to martial law,
saying open conflict should be avoided, the sources said, speaking on con-
dition that they not be identified.
Dow drops below 800
NEW YORK-The.stock market plunged below the Dow 800 level for the
first time in nearly two years yesterday reflecting fears of a recession.
Trading was heavy.
The Dow Jones industrial average, ahead more than 8-points ii early
trading, plummeted 11.89 points to 795.47, its lowest level since it hit 789.25 on
April 23, 1980.
It was the Dow's first dive below the 800 mark since April 24, 1980 when it,
closed at 797.10. Some analysts believe the Dow will skid to the 780 area now
that it has cracked 800.

(Continued from Page 1) -
to chair the ISMRRD committee. BPC
liaison to the committee will be
education Prof. Charley Lehmann.
"WE'RE NOT talking about a
specific Fize of cut," Mistretta said.
"The important thing is to give
everyone a chance to be heard."
Mistretta, ,who is also a research
associate in the Center for Human
Growth and Development, said her
committee will meet for the first time
tomorrow.
Also serving on the committee will be
Victor Hawthorne, chairman of the
Department of Epidemiology;
Professor of Internal Medicine Robert
Green; Psychology Prof. John Hagen;
and Chris Kolb, a senior in the School of
Natural Resources.
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scheduled to report back to Vice
President for Academic Affairs Billy
Frye by the end of April.
Associate Vice President for
Academic Affairs Robert Holbrook,
who is helping to supervise the review
process, said last night there should be
"at least one .or more" additional
reviews announced before the end of
the term.
".Possibly four or five (more
reviews), something like that,"
Holbrook said. "They may not all be
announced in one lump.: There may be
one or two and then maybe another one
or two more.
"If they're not all announced by the
end of the term, it won't be for lack of
trying," Holbrook said. "The trouble is
there are so many steps that have to be
taken and have to be taken - very
carefully."
Holbrook said there would be an of-
ficial notification when the final
reviews for this fiscal year have been
announced.

Support the
March of
~Dmes
FOUNDATION

.
y4
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Vol. XCII, No. 123
Tuesday, March 9, 1982

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University Editor .................... MARK GINDIN
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- JULIE.HINDS
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MICHAEL HUGET
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61

PUBLICATION SCHEDULE
__________ 1982 _____
I' AANIARV F EBRUhARY 1 MARCH rAPRI

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