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October 08, 1982 - Image 5

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Publication:
The Michigan Daily, 1982-10-08

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The Michigan Daily-Friday, October 8, 1982-Page 5

Guerrilla
tunnel
o.etwork
in. Beirut
eBEIRUT,, Lebanon (AP)- An
elaborate network of tunnels under
west Beirut served as a "city within a
city" for Palestinian guerrillas-
,gmplete with an amusement center
pnd torture chamber, security sources
said yesterday.
They also said that the international,
terrorist Carlos used the tunnels to
meet with Palestine Liberation
Organization guerrillas.
The sources said the four-mile net-
work ran from the Sabra and Chatilla
refugee camps to $ourjhel-Barajneh
* ext to the airport and was packed with
arms, forged passports, and stolen
,cars. Other sources said helicopters
and small submarines were hauled
from the tunnels, but that was not con-
firmed.
The tunnels were discovered late last
month, the sources said. In other
Lebanese developments:
" U.S. envoy Philip Habib met in
Washington with top Reagan ad-
SJministration officials to refine a plan
for the phased withdrawal of Israeli,
Syrian, and Palestinian forces, from
Lebanon, followed by the recall of the
12 U.S. Marines in the peacekeeping
farce:

Stock trading breaks

Habib
... refining withdrawal plan
" Israeli officials in Jerusalem, in an
apparent softening of earlier positions,
said the PLO could pull out in stages
with the Syrian army, but that all PLO
fighters must be out before the last
phase of the Syrian and Israeli pullout.
" Lebanese army troops arrested 175
more people in west Beirut, bringing to
more than 1,000 the number seized sin-
ce last week in what the military calls a
campaign to pacify the Moslem sector
of the capital. The Palestinians fear the
drive is to terrorize them and force
them to leave the country.
One security officer described the
west Beirut tunnel network as a "city
within a city," six feet beneath the ear-
th. He said it was equipped with air raid
shelters, food storage rooms, an un-
derground prison, a torture chamber,
an amusement center, a hospital, prin-
ting press, and radio relay station.

NEW YORK (AP) - Stock-trading
records toppled and interest rates fell
sharply yesterday as the financial
markets of Wall Street continued their
"what recession?" rally.
Volume on the New York Stock Ex-
change reached 147.7 million shares,
eclipsing the previous record of 137.33
million set Aug. 26.
THE DOW JONES average of 30 in-
dustrials, which leaped 37 points Wed-
nesday for its second largest gain ever,
jumped an additional 21.71 to a 15, mon-
th high of 965.97. Since mid-August, the
average has risen 188 points.
In the bond market, prices of long-
term government bonds soared almost
$40 for every $1,000 in face value, one of
the biggest single-day gains traders in
the credit markets could recall.
Over the last few months, both stock
and bond prices have soared more than
20 percent in one of the most spec-
tacular rallies Wall Street has ever
seen.
MOST LARGE banks lowered their
prime rates from,13.5 percent to 13 per-
cent, matching a reduction last week by
Bankers Trust of New York.
President Reagan, in Las Vegas,
Nev., to attend a Republican fund-
raiser, told reporters the surge in the
stock market meant "just what we
always said. The people are getting
more confident in the economy."
The stock market's rise has baffled
many economists and market analysts
who point out that there has been very
little evidence to date of any budding
recovery from the recession.
"THERE ARE still a lot of people
who don't believe the market shouldbe
going up," said Robert Stovall at the

brokerage firm of Dean Witter
Reynolds. "But if this is a bear market,
it's the healthiest bear market I've ever
seen."
The spark for the markets' latest ex-
plosion has been the belief among many
traders that the Federal Reserve,
worried about slumping business ac-

tivity, has decided to loosen up on
credit, thereby encouraging interest
rates to decline further.
Said Stovall, "We believe inflation
and interest rates are on their way
down in a big way," setting the stage
for an economic recovery at some as-
yet-uncharted point in the future.
"Maybe we can't see it now, but the

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Open Monday,

Tuesday, Wednesday and Saturday 9:30 a.m. 'til 5:30 p.m.,
Thursday and Friday 9:30 a.m. 'til 9:00 p.m.

I

eords
market sees it," he said.
Some doubters persist in their belief
that the euphoria has no rational basis,
and could soon give way to a painful
collapse. Joseph Granville, the flam-
boyant market-letter publisher who has
been urging "sell" since early last
year, told his subscribers this week tlhat
stock prices were due for a "free fall."

MeDonald's hamburgers linked

A o d' hamburgers linked
.to 37 illnesses in 2 states

ATLANTA (AP) - A new disease has
been linked to hamburger meat, and
58 cases have been reported with two
main outbreaks, the Center for
Disease Control reports.
Trading in McDonald's Corp. was
halted yesterday on the New York
Stock Exchange after it was disclosed
that 37 cases were traced, to Mc-
Donald's outlets in Oregon and
Michigan. The other cases have been
linked tomeat cooked at home and to
other hamburger chains, said CDC
epidemiologist Mitchell Cohen.
COHEN, WHO presented his data on
the disease at a medical conference in
Miami on Wednesday, said the illness
appears to be transmitted through
hamburger meat.
The disease has been named
hemorrhagic colitis. Its symptoms are
severe -stomach pain and bloody
diarrhea, but the disease is not fatal,
Cohen said.
Twenty-six cases were reported in
February and March in Medford, Ore.,
with 17 people hospitalized for short
periods, Cohen said. The illness was
dubbed "bloody diarrhea syndrome"
by Oregone officials confounded at the
*. IN MAY AND June, 21 cases were
confirmed in Traverse City, Mich.
McDonald's said it expected trading
to resume today. In a statement, the
U"

company said that the trading halt had
"absolutely no basis for concern about
the company's future business."
The statement called the outbreaks
"rare and isolated occurrences" that
may be "part of a cattle herd food chain
or cattle process system.
"SUBSEQUENT symptoms have
been associated with food prepared in
the home as well as the restaurants.
We have served more than two billion
hamburgers since the first report of the
symptoms," the statement said.
Cohen says the disease "appears to
be a small problem and poses little risk
to the public. It doesn't appear to
require special treatment and resolves
on its own in two to seven days."
He said careful food handling and
adequate cooking minimizes chances of
getting the disease..
Cohen said only one in 1,000 people
who ate hamburgers at McDonald's
during the outbreaks in the two states
became ill.
Cohen declined to name the other fast

food chains linked to the disease among
the 21 sporadic cases documented since
July because the actual organism
causing the disease was not found in
their meat.
The Wolverine Submarine
Contributors are Gratefully
Acknowledged:
Coca-Cola
Michigan Repacking and Produce Co.
Miesel/Sysco Food Service Co.
Hygrade Meats
Labatt's Beer
Pellerito Foods
Chadalle Farms
Henri's Food Products Co.
Galup-Silkworth
Michaels and Associates
The Affections
Alpha Phi Omega
Residence Hall Association
Gandy Dancer
Kraft
Taylor Rentals
Rich's Products Corp.
Detroit Cutlery
American Linen
MEO Security
University Food Stores

CLASSIC GREEK IS NOW SPOKEN AT JACOBSON'S
WHERE FRATERNITY BROTHERS AND SORORITY SISTERS
CAN HAVE OUR CAMPUS TRADITIONALS PERSONALIZED
From Alpha to Omega, we will personalize our sweaters, shirts, pajamas,
robes, nightshirts, accessories, sheets, towels and other items with
embroidered Greek letters. From our J shops for young men and women:
Mr. J: Wool/acrylic crew neck sweater. Navy, red, kelly green, grey, yellow, camel,
lavender, forest green, heather blues. S-M-L-XL, $22. Monogram shown, $4.
Miss J: Acrylic crew pullover. Red, navy, yellow, burgundy, cream, white, oxford, kelly,
grape, forest, wedgwood blue, blush. Sizes S-M-L, $18. Monogram shown, r$4.
Shoulder tote: Lightweight nylon canvas, zippered compartments, outside pocket,
leather accents, webbing shoulder strap. 16x12x8"D, $69. Monogram shown, $8.
Jcobson's
We will validate your parking ticket.

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RECRUITMENT FOR
SHELL COMPANIES OVERSEAS
A service furnished to overseas Shell companies ,
by SCALLOP CORPORATION (A Royal Dutch/Shell Group Company)

OPPORTUNITIES FOR NATIONALS OF WEST EUROPEAN COUNTRIES AND OF ARGENTINA, BRAZIL,
INDONESIA, JAPAN, MALAYSIA, NETHERLANDS ANTILLES, NIGERIA, OMAN, SINGAPORE, THAILAND
AND UNITED ARAB EMIRATES, WHO WISH TO RETURN TO THEIR AREAS OF ORIGIN.
SCALLOP CORPORATION represented by PETER C. VAN KEEKEM will be on campus to interview
graduates of above nationalities in the following disciplines:

WESTERN EUROPE: !
ARGENTINA:
BRAZIL:
INDONESIA:
JAPAN:
MALAYSIA/SARAWAK:
NETHERLANDS ANTILLES:
NIGERIA:
OMAN:
SINGAPORE:

M. S. or Ph.D. level Petroleum, Chemical, Mechanical, Electrical (Power and Control)
and Civil/Structural Engineers.
Ph D. level Geologists-M.S. or Ph.D. level Geophysicists.
Ph.D. level Chemists (British only).
M.S. or Ph.D. level Computer Systems Analysts and Operations Research Specialists.
Masters in Business Administration and Graduates in Economics, Finance and
Marketing.
Petroleum and Mechanical Engineers.
Geologists.
Masters in Business Administration and Graduates in Economic,. finance and
Marketing.
Chemical Engineers for Chemical'Manufacturing.
Graduates (Bumiputras) for the Trading, finance and Personnel Administrations.
A Mining Engineer, an Electronics Engineer and a Geologist.
Masters in Business Administration.
Appropriate Technical Graduates for a potential career in Exploration and Production.
Appropriate Graduates (Bumiputras) in Engineering, Science, Finance and
Accountancy.
Chemical, Mechanical, Electrical and Electronic Engineers.
Computer Application Graduates.
Finance and Marketing Graduates.
Geologists and Geophysicists.
Petroleum, Mechanical, Civil and Electrical Engineers.
Computer Application Graduates. I
Graduates in Engineering and Accounting.
Chemical, Mechanical, Civil and Electrical Engineers.

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