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September 24, 1982 - Image 5

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The Michigan Daily, 1982-09-24

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The Michigan Daily-Friday, September 24, 1982-Page 5

Preps needgreen to stayin the pink



Sept. 30


NEW YORK (UPI) - There is a problem among
preppies that has even the alligators on their shirts
More and more dyed-in-the moccasin preppies are
discovering that they cannot live on their trust funds or
good breeding and must-they could d-i-e-go to work
for a living.
"ONE OF THE great maxims of preppyhood is
'You don't touch your capital.' But most of the old
,money is now so old, it's all split up-or it's gone," said
Carol McDonald Wallace, a co-author of "The Of-
ficial Preppy Handbook."
Even the wealthiest of preppies now hope for the
big financial score.
"Here are people who now have material worries.
They're all motivated by the fear there's not enough
to go around," she said.

AND INSTEAD of sipping sherry on cool verandas,
preppies find themselves chugging diet colas and
working late in the mean streets of finance or
Wallace, 27, is also the author of a new book,
"Welcome to Mount Merry College," which spoofs a
typical, 'absolutely nowhere" college.
A bonafide preppy who was brought up in the
broad-lawn leisure of Southport, Conn., Wallace is a
product of the exclusive Green Farms Academy and
Princeton University.
"I GRADUATED from Greens Farms in a class of
30. We were extremely innocent. The biggest thing
was when two girls were suspended for smoking-
cigarettes. No one was dealng dope or blowing up a
gym or anything," she said.

Wallace speaks in a clipped, rapid manner and
mixes preppy idioms with the jargon of the almost-
scholar. "Preppyhood also implies a staggering
complacency and a sense of conservatism too but it is
converatism in the sense of stewardship, i.e., you
have to think about the next generation. But, oh well,
sic transit," she said.
The main thing, however, is to do things and revere
things that, "as John Gardner says, 'keep the trolls
away.' "
"But you no longer can sit back and say, well, my
bone structure will carry things off. Not entirely
anymore. The irony is young preppies live an old
existence and John Cheever-land is filled with people
who believe in the powerfully nostalgic and the con-
cept of gracious living and how to preserve it," she

SAT. 1a-S
SUN. 12-S
ner Maynard & Liberty) 761-4539

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540 E. Liberty tcorr

EMU says
e enrollment,
Led by a 12 percent drop in the number
of students who actually graduate,
overall enrollment at Eastern Michigan
University in Ypsilanti declined by 306
students this fall, or 1.6 percent. A 2
percent increase in undergraduate
"enrollment offset the graduate school
Graduate enrollment, which has been
'declining since 1979, dropped largely
because fewer students enrolled in
WEMU's College of Education, according
to Kathy Tinney, director of Infor-
mation Services and Publications.
"UNLIKE THE University of
Michigan, we have a large part-time
-graduate student population," she said.
Consequently, with the economy being
so poor and large number of teachers
already having their certificates and
master's degrees, graduate enrollment
declined, she said.
Even with the graduate school
decline, EMU is still meeting its goals,
according to EMU president John Por-
ter. "Even though the number of studen-
its has .-gone down," Tinney said,
"students are taking more credit
Porter, who was state superintendent
Of public instruction for 10 years, has
predicted that beginning with next fall
the number of college-age students will
decline significantly over the next five
years. That decrease is because most
of the "baby boom" generation has
already come of age, she added.
-Kent Redding

r -al
® LIVONIA, MICH. 48105

Daily Photo by BRIAN MASCK
Dog day afternoon
Spike, whose owner is busy studying, has given up all hope of a friendly game of "go fetch" as he curls up to fret over
his own most tedious course, Intro, to Fire Hydrant 101.
Cheaper gas, food slow inflation

From AP and UPI
WASHINGTON- Inflation's hold on
the economy weakened in August as
consumer prices rose by only 0.3 per-
cent-a modest 3.3 percent annual rate,
the government said yesterday.
Prices at grocery stores and gasoline
service stations actually dropped and
automobile loans and federally insured
mortgages became slightly cheaper
during the month, the Labor Depar-
tment said.
THE WHITE House welcomed the
latest Consumer Price Index as
"clearly encouraging news."
Deputy press secretary Larry
Speakes said August "indicates the in-
flation figure has returned to the ex-
cellent performance we had in the first
four months of the year.' .
The 0.3 percent rise in the index last
month compared to a full 1 percent
climb in both May and June and a 0.6
percent increase in July.

IF INFLATION were to continue at
the August !pace, the rate for the next 12
months would be only 3.3 percent.
The Labor Department said the in-
flation rate for calendar year 1982
would be only 5.1 percent if, as most
analysts predict, the final four months
are no worse.
That would not only be a significant
improvement over the 8.9 percent in-
crease of last year and the 12.4 percent
"double-digit" inflation in 1980; it is far
better than suggested by the previous
three months.
LARGELY responsible for August's
slow pace were the 0.1 percent decline
in gasoline prices and the 0.3 percent
fall in food costs.
Gasoline prices had risen in the three
previous months, advancing a total of
8.4 percent, the department said. In July
alone, they were up 2 percent.
Lower food costs were driven by

falling prices for beef, eggs and fresh
fruits and vegetables. Pork and poultry
prices rose, while dairy prices were un-
changed, the report said.
Supermarket food prices tumbled 0.6
percent, but prices for meals in
restaurants and for alcoholic beverages
climbed 0.5 percent.
Food prices, which were unchanged
in July, last declined in March, when
they were off 0.3 percent.
The report also said housing costs
were up 0.4 percent last month, com-
pared to 0.5 percent in July.

Koch faces close primary

NEW YORK (AP)- Combative
Mayor Edward Koch faced professional
Lt. Gov. Mario Cuomo in what was ex-
pected to be a close race for the
Democratic nomination for governor
yesterday as New Yorkers voted in
primaries for dozens of local, state and
national offices.
Republicans chose between
millionaire businessman Lewis Lehr-
man and former U.S. Attorney Paul
Curran as their candidate to succeed
Democratic Gov. Hugh Carey. Recent
polls showed Lehrman with a huge
MORE THAN a million New Yorkers
were expected to vote, and New York
City officials said at noon that the tur-
nout appeared heavy.
In 1977, Cuomo, then New York's
secretary of the state, battled Koch,
congressman at the time, for the
Democratic mayoral nomination. Koch
'beat Cuomo and then beat him again in

the general election with Cuomo run-
ning on the Liberal Party line.
In 1981, Koch won re-election with
more than 75 percent of the vote-the
largest plurality ever for a New York
City mayor. He had run with both
Democratic and Republican backing.
CUOMO, A Roman Catholic father of
five, had earned a reputation as a
skilled mediator who was happy to
work behind the scenes. As often as not,
Cuomo would slip into discussions of
philosophy while supposedly talking
politics. A graduate of St. John's
University Law School, Cuomo often
seemed more professorial than
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the 3rd issue of the
is now available for $1.50
Copies will be distributed Monday through
Friday, 6618 Haven Hall, 12-2 p.m.


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Hill Auditorium
Saturday,O tb r2-
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