The Michigan Daily - Saturday, November 19, 1983 - Page 3
Students should cash
in on merchant credit
By ALYSSA FIRST
It's something you always dream about - your first credit
yard. And although most students don't realize it, they're
eligible for credit while still in school.
Many Ann Arbor department stores make it easy for
itudents to establish credit. Of course the rationale behind
this is that once the student graduates, he or she will continue
to spend their rising income in that particular store.
HUDSON'S Briarwood store, for example, requires only
that students have some form of income and a checking and
savings bank account.
Jennie Schrettner, manager of Hudson's cash office, said
"it is a good idea to start early because most places want to
see esablished credit and it is really hard to establish credit
once out of school."
"Hudson's won't give you a credit card unless you have an
established credit record - other credit cards," she added.
SEARS, LOCATED at Briarwood Mall, also encourages
students to start applying for credit cards before they
graduate.
The store gives credit to applicants who are still in school
"special consideration," according to Sidney Stewart of
Sears.
Sears' credit policy is based on a point system. Under this
system, applicants are awarded points based on the number
of years at an address and at the same job.
BECAUSE students would have difficulty accumulating
points under this system, Sears takes into account the
amount of income a student does have, references from
parents holding Sears credit cards, and part-time jobs.
Usually, Sears wil allow a college student $200 worth of
credit.
In addition, to attract customers, Sears has a national
program in which they solicit students through the mail by
sending them credit applicatons.
At Jacobson's, students are eligible for "courtesy accoun-
ts." Although a co-signer and part-time employment enhan-
ces a student's chances of establishing credit at Jacobson's,
it is possible for a student to acquire credit without these.
On a larger scale, American Express makes credit
available to students who are graduating within six months
and plan to work in a field similar to their course of study.
Being a student, however, does not help when it comes to
getting a bank loan. Usually, the most important prerequisite
to obtaining a loan is a full-time job.
But there are student loan programs under which students
can apply for funds. Several Ann Arbor banks participate in
this program, which has a $5,000 limit for out-of-state studen-
ts and a $2,500 limit for in-state students.
fUtilit
company'
seeks$750
million
rate hike
LANSING (UPI)-Consumers Power
Co. yesterday asked the state Publiv
service commission for three rate i-
creases totaling more than $75
million-reportedly the largest percen
tage electric rate hike ever requester
by a Michigan firm.
The lion's share of the
request-more than $550
million-relates to the firm's highly
controversial Midland nuclear power
plant.
It is likely to come under the heavies
attack in rate hearings, even thoug,
consumer advocates concede that
denying any increase for Midland could
push the state's second largest electric
utility into bankruptcy.
ESSENTIALLY, Consumers
asking for a preliminary rate hike
$192.7 million or 13.1 percent in mid-
1984 and a final order adding another
$19.6 million, or 1.1 percent, by the end
of the year.
These increases would go for general
expense charges including costs
relating to operations and maintenan-
ce, raising capital for construction;
taxes and depreciation.
The final increase, $564.2 million,
would not come until the much-delayed
Midland plant is operating. The latest
company estimate places that some
time in mid-1986.
Consumers officials say fuel cost
savings from the operation .of Midland
will cushion the impact of the third in-,
crease, perhaps reducing it to $490
million or 27.7 percent. Those would be
passed on in separate proceedings,
however.
Skaters at the Rockefeller Center ice skating rink inl
giant Christmas tree is hoisted into place yesterday.
New York watch as the
-HIAPPENING S
Highlight
The University is hosting the annual Blue and Scarlet Tailgate Brunch at
Crisler Arena today at 10 a.m. Tickets are $10 and proceeds will go to the
Mott Children's Hospital and the Children's hospital in Columbus, Ohio.
Films
Cinema II-- Coup De Torchon. 7 & 9:15 p.m., Angell, Aud. A.
Hill Street Cinema - High Society, 7:30 & 9:30 p.m., 1429 Hill.
Mediatrics - Atlantic City, 7 & 9 p.m., Nat. Sci. Aud.
Ann Arbor Film Coop - Apocalypse Now, 6:30 & 9:15 p.m., MLB 4.
Cinema Guild - Das Boot, 7 & 9:40 p.m., Lorch Hall.
Classic Theater - Cabaret, 7:35 p.m., Michigan Theater.
Classic Film Theater - New York, New York, 945 p.m., Michigan
Theater.
Alternative Action -Star Trek H: The Wrath of Khan, 7 & 9:15 p.m., MLB
3.
Performances
Men's Glee Club - with the OSU Men's Glee Club, Patrick Gardner con-
ducting, 8p.m., Hill Aud.
School of Music - Opera, Albert Herring by Britten, Gustav Meier con-
ducting, 8p.m., Mendelssohn Theater.
Carillon Demonstration - Burton Tower, 11 a.m.
Flying Taxi Theater - "Mrs. Warren's Profession," 8:15 p.m .,Perfor-
mance Network, 408 W. Washington.
Black Sheep Theater - "Bullshot Crummone" by Ron House and Diz
White, 8:15 p.m., 138 E. Main Street, Manchester.
Organ conference - Performances by Uwe Droszella, room 215 Hill, 1:30
p.m., David Sanger, Hill, 4 p.m., and Almut Roesslet, Hill, 8:30 p.m.
Second chance - Masquerade.
Performance Network - "Waiting for Godot," by Samuel Beckett, 8 p.m.,
408 W. Washington.
Theater and Drama - "Devour the Snow," by Abe Plosky, 8 p.m., New
Trueblood Arena.
Speakers
stitute of Continuing Legal Education - David Chambers, "Custody Af-
ter Divorce: Recent Developments," 9 p.m., room 116 Hutchins Hall.
Rudolph Steiner Institute - Otto Wolff, "Steiner's Wholistic Approach to
Health and Healing," 8 p.m., 1923 Geddes.
Meetings
Ann Arbor Go Club - 7p.m., 1433 Mason.
Tae Kwon Do Club - Practice, 9-11 a.m., CCRB Martial Arts Room.
Women's Aglow Fellowship - Thanksgiving praise and worship for born-
again Christian women, 9:30 a.m., Forsyhte Intermediate School, 1655
Newport Road.
Ann Arbor War Tax Dissidents - Noon, Pine Room, Wesley Foundation at
State and Huron.
Miscellaneous
Football - Michigan vs. Ohio State, 1 p.m., Michigan Stadium.
UM Ski Club - recreational cross country ski clinic with U.S. ski coach
Jim Young, 8 a.m., & 3 p.m., Henderson Room, Michigan League.
Vice President for Student Services, Trotter House, Minority Student Ser-
vices - Puerto Rican Week Dinner-Dance, Ambassador Room of the
Bronze Wheel, 27225 W. Warren, Dearborn.
Straight Shooters Turkey Shoot - noon to 6 p.m., Indoor Range, top floor
North University building, ammunition and rifles supplied.
Art Sale - Exhibition and sale of fine art reproductions, Pond Room,
Michigan Union, 9 a.m. to 5 p.m.
To submit items for the Happenings Column, send them in care of
Happenings, The Michigan Daily, 420 Maynard St., Ann Arbor, MI 48109
Malicious Intent
State calls for
LANSING (UPI)-The State Correc- Even if th
tions Commission is asking lawmakers plan, separ
to adopt a plan calling for eight new required to
prisons it says will be needed to house struction.
projected inmate population in mid- "The plan
1990s. said Gail L
Release of the plan comes amid con- Corrections
cerns over an expected record year for that's got ac
new prison commitments and worries don't know.
that the state's early release law may AT PRE
be losing its effectiveness. about $35 m
UNDER THE plan, one prison would prison.
be near Plymouth, one near Lansing A 1980 lav
and one in Lapeer County. A fourth the plan and
should be in Detroit, while sites for the state must
others are less definite. sites.
"
eight n
he Legislature approves the
rate measures would be
actually fund the new con-
n really is what we need,"
ight, spokeswoman for the
Department. "Whether
chance to actually happen, I
SENT, she said, it costs
million to build one 500-bed
w requires development of
d establishes procedures the
follow in selecting prison
,0
ew prisons
Prison officials are concerned
because the state Emergency Powers
.Act, which cuts inmates' minumum
sentences to ease prison crowding, is
having a smaller impact each time it is
employed.
"We may get to the point where it has
a very small effect," Light said.
Light also said the prison system is
expecting 7,000 new commitments in
1983, up from 6,400 last year.
Speculation points to the longterm ef-
fects of the post-World War II baby
boom as the reason.
A prison population in excess of 17,000
is expected by the mid-1990s.
Guards strike at nuclear weapons plant
.
OAK RIDGE, Tenn. (UPI)-Striking
guards picketed a top-secret nuclear
weapons plant yesterday and warned
their temporary replacements were not
adequately trained to protect the
government facility from a terrorist at-
tack.
The 260 striking members of the In-
ternational Guard Union of America
Local 3 manned picket lines around the
Y-12 warhead parts plant and the Oak
Ridge National Laboratory-both of
which utilize large amounts of highly
radioactive materials.
THE FACILITIES were being protec-
ted by supervisors and replacement
Union
memb ers
expected to
reject bus
contract
(Continued from Page 1)
president of the Transit Union. He had
been sitting in on the talks since they
began Tuesday for the first time since
the 12,700 drivers and other Greyhound
employees struck Nov. 2.
COUNCIL member Roy Golden of
Kansas City, Mo., pledged to do "ever-
ything I can" to keep the proposal from
being approved. "I don't like it at all,"
Golden said. "In fact, it stinks."
The council had voted 18-12 to offer the
proposal to members, with a recom-
mendation that they reject it, on con-
dition that Greyhound halt service and
stop using replacement personnel.
But John Teets, chairman of the
parent Greyhound Corp., rejected those
conditions and the union dropped them,
setting a Nov. 29 deadline for com-
pletion of the voting.
Greyhound said it carried nearly
6,000 passengers Thursday on about 500
buses for an average of 12 riders per
bus - about 5 percent of what it said
was a normal load. Before the strike
Greyhound carried 6 percent of the
nation's intercity bus load.
Correction
Minnie's Coop no longer plans to host-
a viewing and panel discussion of "The
Day After" as advertised in yester-
JOL i
guards while a group of ":security in-
spectors" from Energy Department in-
stallations in South Carolina and
California were "on call" in case they
were needed.
For security reasons, DOE officials
refused to disclose the number of stand-
in guards or say if a contingent of ar-
mored vehicles-normally used to
carry guards-were being used to
patrol the facilities.
The Y-12 plant produces nuclear
warhead parts for every atomic missile
system in the United States' arsenal.
DOE spokesman Jim Alexander said
there was "no question that we have
taken adequate measures to protect
those facilities."
"We have been through strike
situations before. These contingency
plans have been under way for a long
period of time. We're comfortable we
have a very secure situation," he said.
No violence was reported and no talks
were scheduled in the strike, which
began at 11 p.m. Thursday when union
leaders rejected a final contract offer
from Union Crbide Corp., which
operates the two facilities under
conract with DOE.
The guards were seeking an across-
the-board $2 an hour "pay adjust-
ment," plus A 10 percent wagt increase,
but later lowered the request to a$1
hourly raise plus a 6 percent increase.
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Any graduating senior who applies for the American Express'Card
between now and December 31st, 1983, will receive a T-shirt as a gift.
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