4
Page 2 - The Michigan Daily - Wednesday, November 19, 1986
Students choosy
about stereos
By STEVE KNOPPER
Stereos are a staple of college
life. Although campus area stereo
stores rely heavily on student
business, they stress quality, rather
than savings, to lure students to
their cash registers.
"We have hefty sales to
students," said Les Harvey, owner
of Sound Associates, Inc., on State
Street. "There is a greater need for
students to have their music -
they're an immediate (sales) target.
For other members of the
community, it's more of a luxury."
JOHN Allen, manager of Stereo
Shoppe on William Street, said
about half of his customers were
University students, which is
typical for a college town.
But if you're looking for a
discount, try somewhere else.
"Discounts are not part of our
philosophy," said Tom Scherer, a
salesman at Hifi Buys on Main
Street. Scherer said his store
concentrates on setting up compact,
high-quality systems that students
can expand later.
HARVEY said discounts aren't
a high priority among student
stereo shoppers. "It is our belief
that the student is an extremely
sophisticated buyer," he said. "We
make a strong effort catered toward
service. Students aren't looking for
the cheapest thing, they're looking
for the best value."
Harvey noted that Sound
Associates tries to shy away from
frequent sales. "Sales are artificial,"
he said, adding that the store prefers
a "solid philosophy of good prices
all the time."
Allen said the Stereo Shoppe
offers service, warranties, and
quality rather than sales or
discounts.
B U T for some students,
promises of quality and warranties
aren't enough.
"I probably wouldn't buy around
here," said LSA freshman Chris
Bork. "Everything's inflated
because this is a college town.
There's a bigger market and
therefore (dealers) can ask a higher
price for things."
Bork said that in buying a new
stereo, he would "set up a price
limit, and try to find the best
quality within the price range." He
said he used to feel intimidated by
high-pressure salesmen and often
left with more equipment than he
wanted. Now he is more skeptical.
Other students are less concerned
with prices and sales pitches.
"Students live on their stereos,"
said LSA freshman Bob Thill.
Harvey said people buy stereos
according to their attitudes, or what
he -called "coolarity" - buying a
stereo because it is "in."
LSA freshman Lee Resnick said
his stereo has "sentimental
meaning" because his speakers are
more than 30 years old. He
recently bought new components,
however, including a compact disk
player and a receiver.
"I wanted to have a compact
stereo system with power," he said.
"For the money I put into it, it's
the best I could have ever gotten."
Congress inquires
into stock scandal
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WASHINGTON (AP)-Huge
stock market profits rolled up by
Ivan Boesky through inside tips are
likely to generate enough political
pressure for congressional inves-
tigations, industry experts say.
The inquiry could expand into a
look at new freewheeling financial
techniques, such as the use of junk
bonds, to capitalize on the merger
mania that swept Wall Street in the
early 1980s and now simmers at a
reduced level.
B O E S K Y, Wall Street's
master arbitrageur who parlayed
advance knowledge of mergers into
a fortune, could be a witness as
congressional committees early
next year open hearings into the
growing scandal.
Legislation proposed would bar
speculators who buy up sizeable
blocs of shares in a company that is
a takeover candidate from voting to
approve a takeover.
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Only those who held stock 30 to
60 days before the takeover bid
would be allowed to vote on
whether to accept it under the plan.
"The jurisdictional question is
kind of up in the air," said Julius
Genachowski, an aide to Rep.
Charles Schumer (D-N.Y.).
"Chuck wants to hold Banking
Committee hearings and other
people he has talked to on the
committee want to hold hearings."
JOHN STOPPELMAN, a
Washington securities lawyer, said,
"I don't think that insider trading is
really the problem. There appear to
be problems in the merger
process...The Boesky case leaves
open the entire merger process for
public scrutiny."
As for the Boesky case, he said
it must be determined "whether
Boesky is the only one who had
inside information. I doubt it."
Boesky tape recorded his
conversations with employees and
business associates for the last six
weeks to three months to provide
evidence for federal investigators,
The Washington Post and New
York Times reported yesterday.
Students
irked by
Shapiro's
committee
(Continued from Page 1)
on campus that is currently
reviewing a report issued last
summer by the advisory committee.
Vice President for Research Linda
Wilson gave the groups the entire
fall semester to submit their
recommendations, and the Board of
Regents will vote on the proposals
next semester.
The advisory committee's
guidelines advocate eliminating the
end-use clause, which has been in
effect since 1972, and replacing the
clause with an openness
requirement.
The requirement would require
that all sponsored research contracts
be available for public inspection
and that all research reports be
published one year after the
sponsor's funding period has ended,
except under extraordinary
circumstances.
THE faculty Senate Assembly
voted Monday to accept the ad hoc
committee's guidelines, stressing
that all research done at the
University must be made available
to the University community, said
Assembly President Bill Stebbins,
a psychology professor.
He added that the proposal does
not restrict classified research, but it
does make it virtually impossible
for the defense department to
conduct secret research here because
secret weapons research would not
meet the openness requirement.
The Senate added a statement
that says that University researchers
should not carry out any type of
IN-BRIEF
COMPILED FROM ASSOCIATED PRESS REPORTS
Delco strike slows GM plants
DETROIT-General Motors Corp. sent about 3,000 workers home
yesterday when assembly plants in New Jersey, Kentucky and Delaware
ran out of parts produced by the struck Delco Electronics plant in
Kokomo, Ind., a GM spokesman said.
Talks resumed yesterday between Delco and the striking United Auto
Workers as GM officials assessed what effect the walkout would have on
auto assembly lines.
The 7,700 workers of UAW Local 292 walked out Monday in disputes
over the transfer of some production work to Mexico and the
subcontracting of some maintenance and skilled tool-and-die jobs to none
union workers.
Delco, a GM subsidiary, supplies electronic components critical to the
manufacture of GM cars, and company officials have said there is no
stockpile.
House panel approves bill
prohibiting local gun control
LANSING-Legislation prohibiting communities from enacting
their own gun-control laws was approved 5-2 yesterday by the state
House Towns and Counties Committee.
The controversial bill, which passed the Senate in June and could
face a vote in the full House yet this week, would block handgun bans
like those considered by Detroit and Ann Arbor.
Members of the National Rifle Association and other supporters said
the bill would establish uniform firearm laws across the state and
prevent a patchwork of local ordinances restricting the freedom of
hunters.
But the Michigan Municipal League and other opponents argued the
law would unfairly usurp the ability of local governments to develop
their own solutionsto the crime problem.
Soviets restart nuke plants,
may have foregone changes
WASHINGTON (AP)- The Soviet Union most likely has resumed
operation of some nuclear plants without making the safety
improvements promised in the wake of the Chernobyl accident, Energy
Secretary John Herrington said yesterday.
"Our best estimate is they started Chernobyl up probably too soon
to do all the upgrades they said they were going to do," Herringon said
after testifying at a Senate hearing. "We are reasonably sure they are
operating reactors today without the upgrades they promised."
Herrington called the improvements "major installations" that
couldn't have been completed before the Chernobyl facility started up
Sept. 29 - five months after a fire and explosion ripped through one of
its four reactors and sent a cloud of radiation across the globe.
Herrington also said the United States is having trouble getting
information about two reactors the Soviet Union is building near
Cienfuegos, Cuba, 180 miles from Key West.
Court halts killer's execution
TALLAHASSEE, Fla.-A federal appeallate panel in Atlanta
yesterday halted the execution of suspected mass slayer Theodore Bundy
less than seven hours before he was to die for the murder of a 12-year-
old girl.
A three-judge panel of the 11th U.S. Circuit Court of Appeal said
there was "insufficient time before Bundy's scheduled 7 a.m.
electrocution to consider his attorney's arguments, and that "a stay of
excution is mandated."
The ruling came less than three hours after U.S. District Judge
George Sharp in Orlando refused to halt the execution, and after the
Florida Supreme Court unanimously rejected Bundy's last-ditch appeal.
Sharp, who issued his 19-page order after almost 'seven hours of
consideration, wrote that Bundy "failed to make a substantial showing
of a denial of a federal right" in claiming that he was mentally
incompetent to stand trial and act as his own attorney in the 1980 trial.
Bundy's attorney, James Coleman, declined to comment on Sharp's
decision.
French seek auto exec. killers
PARIS-Police said today that they suspected two women shot and
killed the president of the state-run Renault automobile company.
Investigators reportedly received a claim of responsibility in the name
of the left-wing Direct Action terrorist group.
The Agence France-Presse news agency reported the claim was made
by telephone. A police spokesman would say only that a claim was
being "verified."
The news agency also reported a claim of responsibility was made in
pamphlets scattered by the Raspail subway station, near the spot where
Georges Besse was gunned down outside his home Monday evening. It
said the pamphlets-were signed "Direct Action, Commando Pierre'
Overney."
Overney was a Maoist militant killed during clashes outside the
main Renault plant at Boulougne, near Paris in 1972.
Besse, 58, president of Renault since January 1985, was hit several
times in the head and chest shortly after being dropped off by his
chauffeur. Police said three 9 mm cartridge casings were found at the
scene.
Vol. XCVII-No. 55
The Michigan Daily (ISSN 0745-967 X) is published Monday
through Friday during the fall and winter terms. Subscription rates:
September through April-$18 in Ann Arbor; $35 outside the city.
-One term-$10 in town; $20 outside the city.
The Michigan Daily is a member of The Associated Press and
subscribes to Pacific News Service and the Los Angeles Times'
Syndicate. Sports Editor.............BARB McQUADE
Editor in Chief...........................ERIC MATTSON Associate Sports Editors........DAVE ARETHA
Managing Editor..---..........RACHEL GOTTLIEB MARK BOROWSKY
City Editor........................CHRISTY RIEDEL RICK KAPLAN
News Editor ...................JERRY MARKON ADAM MARTIN
Features Editor .............AMY MINDELL SPORTS STAFF: Jim Downey, Lian Erty A
NEWS STAFF: Francie Allen, Elizabeth Atkins, Eve SOT TF:JmDweLa lhry le
Becker, Melissa Birks, Laura A. Bischoff, Steve Gelderloos, Chris Gordillo, Shelly Haselhuhn, Al
Blonder, Rebecca Blumenstein, Brian Bonet, Marc Hedblad, Julie Hollman, John Husband, Darren Jasey,
Carrel, Dov Cohen, Tim Daly, John Dunning, Rob Rob Levine,,Jill Marchiano, Christian Martin, Eric
Earle, Ellen Fiedelholtz, Martin Frank, Katy Gold, Lisa MasoGre McDonald, Scott Miller, Grog Molzon,
Green. Stephen Gregory. Jim Hershiser, Mary Chis Jerry Muth. Adam Ochlis, Jeff Rush, Adam Scheftr,
Jaklevic, Steve Knopper, Philip I. Levy, Michael Adam Schrager, Scott Shaffer, Pete Steminert, Douglas
Lustig, Kelly McNeil, Andy Mills, Kery Murakamni. VolaO, B1ll Zolla.
Eugene Pak, Martha Sevetsod, WendySaun Photo Editor.........................ANDI SCHREIBER
Skubik, Louis Stancato, Naomi Wax. PHOTO STAFF: Leslie Boorstein, Jae Kim, Scott
Opinion Page Editor. .........KAREN KLEIN Litucby, John Munson, Dean Randazzo Peter Ross.
AssciteOpnio PgeEdtor .HNR PRK Business Manager ...........MASON FRANKLIN
OPINION PAGE STAFF: Rosemary Chinnock, Tim Sales Manager.... .............DIANE BLOOM
Huet Gayle Kirshenbaum, Peter Mooney, Caleb FinneManager. REBECCA LAWRENCE
Southworzh. Classified Manager .......GAYLA BROCKMAN
Arts Editor............................NOELLE BROWER Asst Sales Manager........DEBRA LEDERER
Associate Arts Editor................REBECCA CHUNG Ass't Classified Manager.............GAYLE SHAPIRO
Music................................BETH FERTIG DISPLAY SALES: Barb Calderoni, Irit Elrad, Lisa
Film.................KURT SERBUS Gnat, Melissa Hambrick, Alan Heyman, Julie
Books ................SUZANNE MISENCIK Kromholz, Anne Kubek, Wendy Lewis, Jason Liss,
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