The Michigan Daily-Saturday, February 12, 1983-Page 3
World lending fund upped
WASHINGTON (AP) - Finance supplemental fund Congress may be tee, following negotiations that lasted
ministers from around the world reluctant to approve that contribution late into Thursday night. The formal
agreed yesterday to boost an emergen- at a time when the Reagan ad- agreement came yesterday.
cy lending fund by 47.5 percent to keep
debter nations from defaults that could
let off an internatinal financial panic.
The setttlement, representing a com-
promise between the United States and
other major industrial powers, means
that more than $31 billion - at current
exchange rates - could be available for
lending by the International Monetary
Fund by the end of this year.
THE UNITED States, which had
pressed for a 40 percent increase, would
have to pledge close to $6 billion in new
redits to the IMFs general lending
pool, and an additional $2.5 billion to a
ministration is proposing cutbacks in
social programs at home.
The administration has argued that
the increase is essential to manage the
most perilous debt crisis the interna-
tional financial system has faced since
World War II.
The United States is the largest con-
tributor to the 146-nation IMF, accoun-
ting for nearly 20 percent of total loan
commitments. The size of the increase
was approved by the IMF's 24-member
governing board, the Interim Commit-
The 47.5 percent increase would raise
the IMF's lending pool from a current
$66.5 billion to $98 billion by the end of
1983, providing the increases are ap-
proved by the legislature of each mem-
ber country.
The increase had been sought
because an unprecedented demand for
loans from dozens of Third World
nations has been depleting the IMF's
resources. Its lending pool is now down
to under $15 billion, not counting a pen-
ding $6 billion emergency loan request
from Brazil.
FDR's son tied to possible fraud
WASHINGTON - The Social
Security Administration said yesterday
it' will ask postal authorities to in-
vestigate a fund-raising appeal by the
ldest son of Franklin Roosevelt for a
Ow "National Committee to Preserve
Social Security."
The appeal, mailed by former Rep.
James Roosevelt of California to 40,000
people in the past two weeks, dangles
the prospect of offering low-cost group
insurance against the collapse of the
system that President Roosevelt foun-
ded in 1935.
THE LETTER also offers donors of
$10 a free computer printout of their
Social Security records, which is
available at no cost anyway from the
government.
The four-page letter, packaged with a
petition to Congress to spare Social
Security benefits and an application
form for the "free personal confidential
computer printout" of Social Security
records, was prepared by Butcher For-
ds Consultants, a Newport Beach,
Calif., direct-mail firm that has han-
dled appeals for tax foe Howard Jarvis.
Roosevelt, 75, said in a telephone
nterview from his Newport Beach of-
fice Thursday that the letter was not
misleading "because I don't think a lot
of people realize that they can them-
selves get it, the Social Security infor-
mation.
"WE'RE NOT charging them $10 to
perform that service. . . We're
charging them $10 if they want to join
an organization to do something about
Social Security," he said.
The instructions for getting the Social
Security printout state: "This free ser-
vice is available only to those joining
the National Committee."
Paul Simons, deputy commissioner of
Social Security, said in a statement:
"We intend to refer the letter to the
postmaster general becausethere is a
clear implication in the letter that the
only way they can get the earning
statement is sending $10 to this commit-
tee."
Daily Photo by JEFF SCHRIER
The new complex, located on Liberty and State streets, will have a rooftop garden and a small shopping mall on the
ground floor.
Ca-mpus area high-rise panned
e P
'-HAPPENINGS-
Highlight
Singer, songwriter, and master of Appalachian banjo and guitar styles
Hedy West will be at the Ark, 1421 Hill St., tonight. West, who wrote the song
"500 miles," possesses one of the most exciting singing styles in rational
American music. Doors open at 8:30, concert begins at 9 p.m.
I Films
Mediatrics - Cat People, Nat. Sci., 7 & 9:15 p.m.
C2 - Smash Palace, MLB 4,7 &9 p.m.
CG - Poltergeist, Lorch Hall, 6, 8 & 10:10 p.m.
AAFC-Thirteenth Annual Ann Arbor Eight Millimeter Film Festival,
Aud. A, Angell, 7 & 9 p.m.; Workshop, James "Huey" Coleman, Seeing
Through Wide Open Eyes, Aud. A, Angell, 2 p.m.
Performances
School of Music - Concert, American & Javanese gamelan, or orchestra,
Rackham Aud., 8 p.m.
School of Music - Piano Recital, Eric Edmunds, Recital Hall, 6 p.m.
Contemporary Directors Ensemble - Carl St. Clair, conductor; all-Lou
Harrison concert: 8p.m., Rackham.
School of Music - Trumpet Recital, Guy Bordo, Recital Hall, 8 p.m.
Second Chance - Mariner
Fine Arts Repertory Company of Community High School - "West Side
Story," Feb. 9th - 12th, school auditorium, 401 N. Division, Ann Arbor.
Tickets $4 students, $5 adults.
The University Players - "Three Sisters," 8p.m., Power Center.
Nada Yoga Center - Concert of original and traditional music for quite
contemplation, 8 p.m., 205 E. Ann.
Soundstage "In the Club Jazz Series," The Sun Messengers, 9:30 p.m. - 2
a.m., U-Club.
Speakers
Transcendental Meditation-Lee., 528 W. Liberty, 8 p.m.
Theosophical Society- "The Turning Wheel-Our Cycle of Lives," 3 p.m,
Carriage House, 1917 Washtneaw, for information call 483-3047
Bill Gavin- "Choice or Chance-Recruitment Registration and the
draft," room 126 East Quad dorm, 8 p.m.
Gray Panthers- Mary Egnor, "The New Federalism: The impact of
S Reagonomics on county social programs," 3-5 p.m., 2nd floor conference
room, Ann Arbor Fire Station, 107 No. Fifth Street
Meetings
Tae Kwon Do Club- Practice, Martial Arts Rm., 9-11 a.m., CCRB
Ann Arbor Go-Club- Mtg., 2-7 p.m., 1433 Mason Hall.
Inter-Cooperative Council- Coffee House, 9p.m., Xanadu Co-Op, 1811
Washtenaw.
UM Hospitals; Catherine McAuley Health Ctr.-CPR Training Program,
9a.m.-noon & 1:30-4:30 p.m., Towsley Ctr.
PIRGIM- Workshop on "Toxic Waste in the home and in the environ-
ment," 1-5 p.m., Michigan Union.
University ARtists & Craftsmen Guild - Open House, 2-4 p.m., Michigan
Union.
Miscellaneous
Women's Athletics-Gymnastics, Mich. vs. Mich State (co-ed), Noon,
Crisler Arena; Indoor Track, Wolverine Open, 11 a.m.
Collegiate Sorosis Sorority & Phi Delta Theta-Dance-A-Thon to benefit
the child protection team at UM Hospitals, Noon-midnight, Mich. Union
Ballroom; For more info, call 995-4488.
Housing-Special Programs-Fund raiser for Minority Pre-orientation
(Freshmen Weekend), 8 p.m., Bursley Hall-Cafeteria.
Afroamerican & African Studies & Black Students Union-Conf., "The
Civil Rights Movement in Retrospect: Looking Backward to Move For-
ward," panel discussion 10 a.m., 2 & 4 p.m.; Film, Life of Ella Baker, 7:30
p.m. Hale Aud.,
USI- All Campus Party, Michigan Union, 9 p.m.-1:30 a.m., Anderson
Room, Union.
Asian American Association- Lunar New Year Celebration, 7 p.m., Trot-
ter House. For info, call 763-4692.
To submit items for the Happenings Column, send them in care of
Happenings, The Michigan Daily, 420 Maynard St., Ann Arbor, M. 48109.
The Bursley Family Presents:
THE BURSLE
By SCOTT KASHKIN
A five-story office building with a
rooftop garden and a small ground floor
mall will be built during the next six
Sharon resigns as
political storm rages
(Continued from Page 1)
portfolio himself, as he did from Weiz-
man's resignation until Sharon took
over after the 1981 election.
ISRAEL WAS stunned at the death of
an anti-government demonstrator who
was killed by a grenade thrown at a
rally outside Begin's office Thursday
night while the Cabinet was debating
Sharon's fate.
Police had no suspects under arrest,
but American-born Rabbi Meir
Kahane, leader of the militant right-
wing Kach movement, was questioned
for 21 hours and released. He denoun-
ced the attack as "horrendous."
An estimated 5,000 mourners turned
out yesterday for the funeral in Tel
Aviv of Emile Grinzweig, a reserve
paratrooper and Peace Now protester
killed by the explosion. Nine other per-
sons were injured.
LEADERS OF the government, the
Knesset and the opposition parliament
also attended the funeral in an ex-
Civil rights
activists
highlight
conference
Continued from Page 1)
Mine," and "Old Freedom."
Other musical entertainment was
provided by seven-year-old Nyema
Woods, whose rendition of "A Ballad to
Martin Luther King" brought the
audience to its feet.
Last night's discussion was the first in
a series of four programs scheduled for
this weekend. Floyd McKissick and
Stokely Carmichael, two well-known
'60s civil rights leaders, highlight a
discussion today at 10 a.m. on tactics
and strategies for the '80s.
pression of national shock over the
killing.
The Israeli commission placed direct
responsibility for the Sept 16-18
massacre of hundreds of Palestinians
at the two West Beirut refugee camps
on the Lebanese Christian Phalangist
militiamen. They were ordered into the
camps by Sharon to clean out
remaining Palestinian guerrillas.
Blaming Sharon for failure to foresee
the danger of a massacre in the after-
math of the assassination of the
Christian leader, Lebanese Christian
leader, Lebanese President-elect
Beshir Gemayel, the commission
recommended Sharon resign or be
fired.
THE THREE-man panel, which
issued its recommendations Tuesday
said it placed "indirect responsibility"
on Israel because "no energetic and
immediate actions were taken to
restrain the Phalange and put a stop to
their actions."
Though the government decided
Thursday night to accept the com-
mission's recommendations, opposition
figures charged that keeping Sharon in
government made a mockery of the
panel's call for Sharon to resign or for
Begin to fire him.
Some opposition comment focused on
the possibiity that Sharon might remain
shadow defense ministerif Begin kept
the portfolio himself. "It is a trick,"
said Labor dove Yosi Sarid. "While he
remains in office as minister without
portfolio, he wil be de facto defense
minister. He must resign entirely from
government."
months on the northwest corner of Sou-
th State and East Liberty.
Long vertical windows and brick
columns will decorate the exterior of
the modern structure, which will be
erected on top of the two-story building
presently at the site.
THE ANN ARBOR City Council
unanimously approved the construction
plans at its meeting last Monday.
Mayor Louis Belcher said he prefers
the proposed building to the present one
because it better utilizes the busy
street corner, adding that its design
"captures the essence of the old brick
and windows predominant in the area."
According to Elwood Holman,
president of Holman and Hermann,
Inc., the building's designers, the mall
will have entrances on both Liberty and
State streets and will boast stores like
those in Briarwood.
THE SECOND floor will remain a
dentist's office, and the remaining
floors will be leased as office space by
the building's owners, the Ideation Cor-
poration.
In addition to being taller, the
building will extend closer to the street
than the present structure, Holman
said.
Special walkways will be prepared
for the six months of construction to
minimize inconvenience to pedestrians
and passing traffic.
Holman said the new building will not
steal attention on the Ann Arbor skyline
from Burton Tower, as it will be one-
third the size of the bell tower.
designers of travel
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For more information call:
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