4 Page 6 - The Michigan Daily - Saturday, October 1, 1983 Economic indicators show decline WASHINGTON (UPI) - The leading economic indicators sagged 0.1 percent in August, the first K decline in a year of the recovery's vigor, the Com- rerce Department reported yesterday. The dip followed a revised 0.8 percent increase in July and even stronger gains in the other months sin- ce January when the government's economic trend detector hit its 1988 peak growth of 3.1 percent. SOME ANALYSTS suggested the drop was spmething of a fluke, however, reflecting the late simmer's temporary economic doldrums more than ny fundamental loss of economic vigor. The en- iturAnce of the economic recovery still depends on Onsumers whose enthusiasm seemed to be returning in September, they said. Commerce Secretary Malcolm Baldrige predicted the August index "may be revised upward" later because data not yet available could show businesses restocking their shelves and warehouses. The index "is consistent with a lower and more sustainable rate of economic growth," he said. "It's just a one-month fluke because the economy, staged an amazing turnaround in September,' economist Michael Evans of Evans Economics said. DEPUTY WHITE House Press secretary Larry Speakes told reporters the indicators, seen in the con- text of low inflation and high growth in the gross national product, "are forecasting a path of slow, steady growth, and that's the course we want to be on." An indicator measuring formation of new business was the biggest loser among the four negative trends dominant in the report. ALSO CONTRIBUTING to the slight decline were a slackening in building permits, a lack of strong growth in the average of 500 common stock prices and a slight worsening of the weekly initial claims for state unemployment benefits. Not available for the August report were two other indicators showing the change in inventories on hand and changes in business and consumer credit. The last decline of the index, in August 1982, was an identical 0.1 percent drop. (Cont Agave to break a'"U-Club i organization,' Student Servic the executive sible for the 1 nover; they operation." happy hour' nights a week U-Club) will ter," Johnson The losses a ttributed tc perishables"1 trabb said. naive, but I th here are top cz NEW CON systems shou the spoiling of $40,000 comps trols the dis "already pai :eliminating o strong drinks. Crabb also union wages1 *University ru be bought thr Deficits grow while inued from Page 1) even to be worthwhile. tral purchasing agent. U-C is not a break-even Some students who have worked in con " said Vice President for Union offices say that the officials don't stu ces Henry Johnson, who is care how much the Union-whose bui officer directly respon- budget increased 64 percent in just this for; Union. "There is no tur- year-loses because student fees are R 're a one-meal-a-day always around to pay for them. wa Despite the addition of "THE UNION is like a Un " and entertainment six hemorrhage-a broken blood vessel not C, "I doubt seriously (the with blood just pouring out of it," said stu be a profit-making cen- Richard Layman, an LSA senior who ren said. has worked with the Michigan Student ceo t the U-Club can be better Assembly for several years. MSA has a U o "mismanagement of large office space on the Union's third We than to "student rip-off," floor. rev "I don't want to appear Larry Bram, a member of the Union bee ink the students that work Board of Representatives and director neg aliber," he said. of Eclipse Jazz, which also has Union lea TROLS and purchasing office space, says he supports the an ld reduce the loss due to renovations, with one exception. U food, he said. And a new "There is a physical renovation, but loc uterized bar, which con- there's also an evolution in attitudes. and pensing of alcohol, has What students don't realize is that ha d for itself" in terms of they're paying for it," said Bram, an A )sses from free or overly LSA senior. foo MSA PRESIDENT Mary Rowland sta attributes losses to high said she was concerned that the new for his employees and a changes that have been made at the U- bu le which requires food to Club are aimed more at administrators'V ough the University's cen- and faculty, rather than students. One foo Union renovates Club employee echoed Rowland's ncerns: Union officials are moving udents "into the bowels of the ilding," while leaving the upstairs faculty and alumni, she said. Rowland also said that although she s unsure of any mismanagement by ion officials, she hoped "that there's t waste in expenditures, because with udent fees (supporting the novation), there's an unlimited sour- of funds." University Cellar manager Bruce inberg said that the loss of bookstore venues is Cianciola's own fault cause he refused to bend in gotiations. "With the terms of the se we were given, I don't know yone who'd take it," Weinberg said. U-CELLAR IS paying $6.50 at its ation at the corner of South Division d Liberty, $2.77 less than Cianciola d asked for the Union space. ks for the Union's future, Crabb, the d service director, says the new food nds have shown great promise. The w delicatessen "does almost as much siness as U-Club," he said. Variety, the last of the specialty Still to be completed downstairs is a mini-mall, which will bring outside retailers into the Union beginning in 1984. Union Director Cianciola said he has not negotiated with any prospective occupants yet, but he said he is looking for stores that will cater to the needs of students to fill the seven or eight spaces. The variety of shops will make the Union "not as dependent on one kind of operation," as it was when the U-Cellar was there, Cianciola said. Read and Use Daily Classifieds Shapely Students form various geometrical shapes as they snooze, snack and sketch in the courtyard of the Arts and Architecture Building on North Campus. 14 Tenants union closed (Continued from Page 1) of the AATU offices in the Union. The tenants union began to cut back almost a year ago when its director, Dale Cohen, left after the group could no longer afford to pay his salary. Since then, Delp has coordinated the office while being paid only a part-time salary. While Delp said the number of donating members has remained "basically stable," the number of volunteers has dropped significantly over the years. THE organization currently boasts "seven or eight" working members, compared to about 30 last year, Consani said. AATU has yet to receive its funds from MSA, according to MSA President Mary Rowland. ROWLAND SAID that when she for- mulated MSA's funding proposal to 'present to the University regents in July, Delp said the money allocated to the tenants union would be used for running workshops. But the workshops have yet to materialize, and Rowland said that if AATU does not begin "some kind of, programming" they will not receive their funds. "I don't want to give the money back to the students," Rowland said. "But if they have no programming, MSA can't keep that money." Rowland said she felt the tenants union lacked volunteers because students are no longer concerned with tenant's rights. "THE HIGH vacancy rate has resulted in students getting mor4 rights," she said. "Also, students are wealthier now and can afford to pay high rent." Rowland said she was dismayed because the tenant's union has lost con- tact with MSA, always a strong proponent of AATU. Rowland did not meet the president of the organization until yesterday. "I didn't know yho the hell she was," said Rowland. "I was shocked to have her walk into the office and introduc4 herself." THE TENANTS Union has financial problems on top of their shortage of funds. An escrow account from a ren- ters strike, "years ago," is still in its possession, said Delp. The escrow accounts were opened when the tenants union held security deposits or rents while negotiating lan- dlord-tenant disputes. Because of the time involved in the cases, the group lost track of some of the renters and has not returned the money. Delp said it was unclear how AATU would deal with the account, or which organization members are responsible for handling the money. U.S. Postal Service STATEMENT OF OWNERSHIP MANAGEMENT AND CIRCULATION Required by 39 U.S. C. 3685) IA. TITLE OF PUBLICATION « 1B. PUBLICATION NO. 2. DATE OF FILING The Michigan Daily 0 7 4 5 9 6 7 x ctober 1, 1983 3. FREQUENCY OF ISSUE 3A. NO. OF ISSUES PUBLISHED 38. ANNUAL SUBSCRIPTION .ANNUALLY PRICE 'Daily except Monday, reg school year * 215 20.50 4. 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