Page 2 - The Michigan Daily - Tuesday, September 18, 1984
Getty tops Forbes list of America's richest
NEW YORK (AP) - Gordon Peter
Getty is the richest person in America
again this year, his $4.1 billion fortune
being nearly twice that of his nearest
challenger, according to Forbes
magazine's 1984 listing of the country's
400 wealthiest people.
Getty, 50, of San Francisco, a com-
poser, pianist and arts patron, doubled
his net worth from last year's $2 billion
after selling his family's interest in
Getty Oil to Texaco. Married with four
sons, the son of J. Paul Getty was also
number one on last year's list.
Sam Moore Walton, who lives
modestly in Bentonville, Ark.,hagain is
the second richest man in America,
worth $2.3 billion. Walton founded and
runs the Wal-Mart discount store chain.
THE 1984 Forbes 400, due out next
week, is the magazine's third annual
ranking of individual wealth. It lists 10
men and 2 women worth more than $1
billion, down from 15 billioniares on the
list last year.
Ann Arbor resident Thomas
Monaghan, who owns Domino's Pizza
and the Detroit Tigers, entered the list
this year with a fortune of $200 million.
It took a fortune of $150 million or
more - a "sesquicentimillionaire" _
to make this year's list, compared to a
paltry $125 million last year. David
Packard, 72, and chairman of Hewlett-
Packard, moved up a notch to No. 3 on
this year's list with a fortune of $1.8
Henry Ross Perot, 54, of Dallas,
founder and chief executive officer of
Electronic Data Systems, is the fourth
richest person in America, worth $1.4
billion, according to Forbes.
Nelson Bunker Hunt, 58, and his
sister, Margaret Hunt Hill, 69, both of
Dallas, each have a fortune estimated
at $1.4 billion and are fifth and sixth on
From left to right, five of America's richest and their fortunes are: Gordon $1.8 billion; Henry Ross Perot, $1.4 billion;
Peter Getty, $4.1 billion; Sam Moore Walton, $2.3 billion; David Packard, billion.
and Nelson Bunker Hunt, $1.4
PART-TIME EMPLOYMENT -
The College of Literature, Science, and the Arts is currently interviewing
students interested in participating in an alumni fundraising telethon. LS&A
alumni across the country will be called from campus. The telethon runs five
nights per week, Sunday through Thursday, September 30 through Novem-
ber 15. Each week you select two of the five nights available, with some
opportunity to work additional nights.
Hours: 6:30 to 9:30 p.m.
Pay: $3.55 per hour.
LS&A STUDENTS PREFERRED
The University of Michigan is an Equal Opportunity, Affirmative Action Employer
reports being raped
Program of Jewish Studies
FALL 1984 COURSES
An Ann Arbor woman who was hit-
chhiking on the 500 block of South State
Street reported being raped by a man
who stopped to give her a ride, Ann Ar-
bor Police Sargeant Jan Suomala said,
adding that details are sketchy.
The victim told police that two men in
a van picked up at 11:15 p.m. and drove
around before picking up a third male
friend, Suomala said.
ACCORDING to Suomala, the woman
said she went with the men to buy beer.
Police do not know whether the
woman attempted to get away from the
men or if she willingly stayed with them
to drink, Suomala said.
After finishing the beer, the van's
driver dropped offd the other two men
in the vehicle and took the woman to
what she described as a cemetery out-
side the city limits where he reportedly
raped her, Suomala said.
The man dropped the woman off in
Ann Arbor at 6 a.m., Sept. 14, Suomala
The woman said she woke up her
roommate and the two went to the
hospital and called police.
According"to Suomala, police have
not yet started investigating the in-
cident because it may have taken place
outside the city.
- Rachel Gottlieb
Hebrew (4 levels)
* Philsosphy in the Bible
" Talmud Midrash
Classes Begin September 19.
RegistrationSeptember 14 - 19
FEES: $8.00 Students
SPONSORED BY HILLEL - 1429 HILL ST.
for more information call 663-3336
How to make peace withTolstoy
Man slashed downtown
A man was cut with a knife Saturday
morning at 2 a.m. in front of Mr.
Flood's, a bar on West Liberty St.,
police said. Police said the victim pun-
ched another man as they were leaving
the bar. The other man then pulled a
knife and slashed the victim across the
chest. The victim was taken to Univer-
sity Hospital for treatment while the
other man was taken to Washtenaw
County Jail, police said.
Burglars broke a window and entered
a house on the 700 block of Church St.
Friday sometime between 10:30 p.m.
Friday and 1 a.m. Saturday, police
said. A telephone and other property
valued at less than $100 were stolen.
Pizza Bob's robbed
An employee of Pizza Bob's
restaurant on South State St. handed
over an undisclosed amount of cash last
Thursday when a man claiming to have
a gun told the employee to give him all
the cash in the register, police said. A
gun was never spotted and there were
no injuries. - Rachel Gottlieb
(Continued from Page 1)
and operating like a commando strike
force-have landed in helicopters and
chopped down and burned 105,000 plan-
ts worth $210 million. The torturous,
target-turf of these attacks are the hills,
gullies, ditches, and backyards of nor-
thern California. Few arrests are
MAX SCOFFS THAT the marijuana
grabbed by the CAMP raiders is
probably under 10 percent of the crop.
His real worry is the heavily armed
nocturnal poachers who raid their
property and rip off the mature plants.
Mendocino Max is a marijuana
wholesaler, salesman, and distributor.
A few days ago he was on the telephone
talking about matters any businessman
would understand: profit margin,
mark-up, quality control, and transport
ACCORDING TO a San Francisco
Chronicle reporter permitted inside the
marijuana business, Max was over-
joyed to hear that his part of the take
would be 25 percent.
Compiled from Associated Press and
United Press International reorts
Reagan, Mondale set debates
WASHINGTON - President Ronald Reagan and Walter Mondale will
meet in a 90-minute televised debates on Oct 7 in Louisville, Ky., and Oct. 21 in
Kansas City, Mo., the League of Women Voters announed yesterday.
Their vice presidential running mates, George Bush and Geraldine
Ferraro, will debate under an identical format in Philadelphia on Oct. 11, the
The Democratic nominee had sought six debates with the president. But
Mondale said in Dearborn, Mich., that the agreement for two debates was
"all that we could get."
White House deputy press secretary Marlin Fitzwater said: The president,.
looks forward to these debates. He has said from the beginning that he sup-,
ports the principle of debates and that presidential candidates should debate
The first presidential debate will cover the economy and other domestic
issues, the second defense and foreign policy, said league President Dorothy
Ridings. The vice presidential matchup wil be equally divided in time between
domestic and foreign questions.
At a news conference, Ridings said the debates would include a moderator
and four questioners. probably all journalists.
Grenada's prime minister
warned of U.S. intervention
WASHINGTON - A year before the U.S.-led invasion of Greanda, then
Prime Minster Maurice Bishop outlined in a secret speech his strategy for
establishing a Marxist-Leninist state but warned that the plan must remain
confidential lest it provoke American military action.
Accordingly, Bishop said, he had invited a number of "bourgeois" elemen
ts to join his government so that the United States, mindful that "some nice
fellas" had joined the revolution, "wouldn't think about sending in troops."
The speech, delivered before a closed meeting of his New Jewel Movement
on Sept. 13, 1982, was stamped "Confidential" by Grenadian authorities. U.S.
officials said it is the lead item in a compendium of party, state, and police
papers captured on Grenada that the Reagan administration plans to
release shortly. No date has been set as yet.
France, Libya to leave Chad
PARIS - France and Libya announced yesterday their troops will begin
pulling 'out of Chad on Sept. 25, signaling an end to the 13-month military
standoff in the central African country.
But the withdrawal could create a military vacuum and trigger a resum-
ption of Chad's 20-yaer civil war, according to independent analysts and
diplomats in Paris.
The French limited their official statements yesterday to the mechanics of
the pullout. The offical Libyan news agency JANA also announced that the
withdrawal of troops, weapons and equipment would begin Sept. 25.
Foreign Minister Claude Cheysson said he worked out the arrangement
last weekend during talks with Libyan leader Moammar Khadafy in Tripol,
the Libyan capital.
He said a timetable had been established and a date for completion of the
pullout set, but they were being kept secret, and no guarantees had been'
U.S. trade deficit Highest ever
WASHINGTON The broadest measure of U.S. foreign trade plunged to
another record deficit during the April-June quarter, spured by weaker
overseas investment income and a surge in Americans traveling abroad, the
government said yesterday.
The deficit in the current account hit $24.4 billion in the second uarter.
surpassing the previous mark of $19.7 billion set just one quarter earlier;'.
the Commerce Department said
The operating rate at the nation's factories, mines, and utilities remained
unchanged in August at 82.6 percent of capacity, the first time in 21 months
this measure of economic health has failed to show an increase.
After reviewing the latest figures; Commerce Secretary Malcolm
Baldrige predicted the deficit for the whole year would exceed $100 billion,
surpassing his earlier projections of an $80 billion shortfall.
The country's poor trading performance has become an issue in the
presidential campaign, with Democratic challenger Walter Mondale com-
plaining that President Reagan has not done enough to.nrotect against a loss
of American jobs from the flood of foreign imports.
Mondale attacks Mideast policy
WASHINGTON - Walter Mondale said yesterday that President Reagan
has been "essentially absent" from the search for peace in the Middle East
and that four more years under the president's leadership" will take us closer
to the brink" of war.
"No wonder the world has the iitters." the Democratic presidential can-
didate said as he assaulted Reagan's record in U.S.-Soviet relations, cen-
tral America, human rights and Middle Eastern policy.
In an address to a group of Jewish supporters, Mondale said Reagan "has
squandered the promise of the Camp David accords between Egypt and
Mondale said he would "scrap the failed Reagan plan" for peace in the
region and give the men Israeli government tine to develop its own policies
toward the Arabs. He also said he would move the U. embassy in Israel to
The Democratic presidential candidate charged that Reagan has pursued'
a policy of "illusions" that has included dealing with Israel at times as
though it were an adversary.
Mondale said he was placing Reagan on notice that "I will make the
question of war and peace a major issue in this campaign" and his speech to:
the Jewish group was the opening salvo in that effort.
Vol. XCV - No. 11
The Michigan Daily (ISSS(N 0745-967X) is published through Sunday during the fall and winter terms and
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Editor in chief ........................ BILL SPINDLE
Managing Editors ................. CHERYL BAACKE
Associate News Editors,...........LAURIE DELATER
Personnel Editor ................. ..... SUE BARTO
Opinion Page Editors .................JAMES BOYD
NEWS STAFF: Marcy Fleischer, Marla Gold, Thomas
Hrach, Rachel Gottlieb, Eric Mattson, Tracey Miller,
Magazine Editor ................... JOSEPH KRAUS
Associate Magazine Editor .......... BEN YOMTOOS
Arts Editors .................FANNIEWEINSTEIN
Associate Arts Editors .......... ..... BYR ONBULL
Sports Editor ..................... MIKE MCGRAW
Associate Sports Editors ...... JEFF BERGIDA
DOUGLAS B. LEVY
SPORTS STAFF: Dave Aretha, Mark Borowski, Joe
Ewing, Chris Gerbosi, Jim Gindin, Skip Goodman,
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Adam Martin, Scott McKinlay, Barb McQuade, Brad
Morgan, Jerry Muth, Phil Nussel, Mike Redstone,
Scott Salowich. Randy Schwartz, Susan Warner.
Business Manager ................. STEVEN BLOOM
Advertising Manager .......... MICHAEL MANASTER
Nationals Manager...................JOE ORTIZ
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