Scanned image of the page. Keyboard directions: use + to zoom in, - to zoom out, arrow keys to pan inside the viewer.

Page Options

Download this Issue


Something wrong?

Something wrong with this page? Report problem.

Rights / Permissions

This collection, digitized in collaboration with the Michigan Daily and the Board for Student Publications, contains materials that are protected by copyright law. Access to these materials is provided for non-profit educational and research purposes. If you use an item from this collection, it is your responsibility to consider the work's copyright status and obtain any required permission.

November 25, 1997 - Image 2

Resource type:
The Michigan Daily, 1997-11-25

Disclaimer: Computer generated plain text may have errors. Read more about this.

2 - The Michigan Daily - Tuesday, November 25, 1997


Leaders make
bailout plan
VANCOUVER, British Columbia (AP)- Anxious
to halt a burgeoning crisis, President Clinton and
Pacific leaders polished a blueprint yesterday
designed to calm turmoil that has rattled world mar-
kets and humbled once mighty Asian economies. The
plan would implement a $68 billion rescue effort, the
largest financial bailout in history.
As the presidents and prime ministers met in this
prosperous Canadian community, there were fears that
Asian instability might continue or spread. "We need
to take this very seriously, and we have to work very
hard," Clinton said. He said Asia's troubles could
affect U.S. interests and the American stock market.
Ministers circulated a draft communiqu6 that would
commit the Asia-Pacific Economic Cooperation
group to endorse the huge stabilization program fash-
ionied last week by finance ministers meeting in
Manila and spearheaded by the International
Monetary Fund.
Clinton said APEC leaders were examining the
Manila plan to determine "what are we prepared to do
to make it work; what are we prepared to do if we have
to go beyond that." He said the program "makes a lot
of sense" and should be given a chance to work before
it is judged insufficient.
Expressing confidence about Asia's future despite
fresh signs of trouble, the communique said, "There is
no doubt that the fundamentals for its long term growth
and prospects are exceptionally strong' The commu-
niqu is to be formally ratified today.
The leaders wrestled with the impact of plunging
currency values, stock market declines and bank fail-
ures across Asia that raised fears of a global econom-
ic slowdown.
Deputy U.S. Treasury Secretary Lawrence
the pinnacle
TICKETS sweet. This is
Continued from Page 1 the Rose Bow
aanything else in fairness other than giv- going. We m
ing 'all the students tickets." pionship."
Camping out might not be necessary Excitemen
'in Ann Arbor, but Pasadena may be a national cham
different story. more excitem
Students must pick up their pre-pur- Bowls of the
chased tickets in Pasadena prior to the "I've been
game. Seats will be assigned on a first- seen a bune
come, first-served basis at the Rose AlumniA
Bowl ticket offices. To receive tickets in Executive Di
Pasadena, each person must present one never seen in'
picture ID and another form of identifi- That exci
cation. agency phon
None of the Rose Bowl tickets allo- The Union
cated to the University are available to sold out of s
the general public. Faculty and staff packages yesl
members have to be season-ticket hold- Michigan's w
ers in order to be eligible for tickets, "Today h
"Molin said. Weddle of B
Some students said available tickets at office has b
an affordable price ensured many would really expens
follow the maize and blue to California. $800. It is goi
"Forget graduation," said an ecstatic ited availabili
LSA senior Mike Bobrow. "This will be Agents at
Continued from Page 1
as the University, may be granted permission uponi
request to lower the flag on its own grounds, said a
state department staff member who did not want her
name used.
Department of Public Safety spokesperson
Elizabeth Hall said that in special cases UniversityI
President Lee Bollinger could request that the flag bei
"The president of U of M could make a decision to
lower the flag, but I'm not aware of any time that's
happened in recent history," Hall said.
The University first purchased the flagpole fromi
the' World Colombian Exhibit, an 1893 fair, held in
Chicago to celebrate the 200th anniversary of1

Columbia closes inonfalling satellite
CAPE CANAVERAL, Fla. - Space shuttle Columbia closed in on an out-of-
control satellite yesterday for an attempt by two spacewalking astronauts to lean
over and grab the tumbling craft with their gloved hands.
NASA astronaut Winston Scott and Japanese astronaut Takao Doi were sched-
uled to float out the shuttle hatch yesterday evening.
For the six crew members, there was more at stake than the $10 million reusabV
Spartan science satellite. It was a matter of pride - they accidentally sent the satel-
lite into a slow spin moments after releasing it on Friday, and wanted nothing more
than to set things right.
"We'll go capture this baby, I'm sure of it' commander Kevin Kregel promised
Mission Control late Sunday.
NASA said that the main concern was a collision between the satellite and either
the shuttle or a spacewalker, but that the risk was extremely low.
The satellite had been released from the shuttle to spend two days studying the
sun. But for reasons that are still unclear, it malfunctioned within moments. And
when Columbia's crew tried to retrieve it with the shuttle's crane, it started tum-
bling too quickly to be grabbed safely, and the shuttle backed away. 0
Columbia was expected to reach the Spartan satellite 1 1/2 hours into the

A large video image of U.S. Secretary of State Madeleine Albright towers above the audience yesterday as she
addresses the CEO meeting at the APEC economic summit In Vancouver.

Summers said Japan's economic problems were a mat-
ter of concern but that "I do not foresee under any cir-
cumstances that I can see" the need for an interna-
tional bailout for Tokyo.
Canadian Prime Minister Jean Chretien, who as
summit host met with nearly all the APEC leaders,
said he had asked each colleague if his country faced
a recession.
"All my friends ... they don't see a serious reces-
sion'" Chretien said. "There will be less growth." A
senior Canadian official said there "was a clear recog-
nition by the leaders that it's a tough situation for some
countries. They will have to make some tough politi-
cal decisions... shut down some institutions."
On an overcast day, the leaders gathered at the water-
front convention center, a landmark known for its moun-

tain views and a soaring five sails roof line.
Sounding a somber note, Secretary of State
Madeleine Albright said, "We meet amidst predictions
that the Asia Miracle will be succeeded by an Asian
Meltdown." She urged APEC to "act with patience, per-
sistence and principle" to stabilize the situation.
With it all, Clinton still had Iraq on his mind.
Standing with Chinese President Jiang Zemin, Clinton
reaffirmed the authority of U.N. inspectors to search
for weapons material at palace complexes that
Saddam Hussein has sought to make off limits.
Clinton said the Iraqi leader had 78 palaces, some
of them covering as much land as the District of
Columbia. "That's a lot of land, a lot of buildings,"
Clinton said, adding that U.N. inspectors "ought to be
able to do what they think is necessary."

FDA approves first
new obesity drug
WASHINGTON - The Food and
Drug Administration approved the
first new obesity drug since a ban of
two popular diet remedies left over-
weight Americans clamoring for help
- but the new medicine poses a seri-
ous risk, too.
Knoll Pharmaceutical's Meridia is
"moderately effective" at helping
patients shed pounds - in studies, they
lost about 7 to 1 1 more pounds than
mere dieters, the FDA said yesterday.
But Meridia can cause increases in
blood pressure and pulse rate that may
endanger certain patients, the FDA
"We still have some concern,' said
FDA's Dr. James Bilstad, who urged
doctors to rigorously check patients'
blood pressure and pulse - and to pre-
scribe it only to the seriously obese.
"This drug should not be used for those
who want to lose simply a few pounds,"
But the FDA said Meridia does not
appear to pose the risk of heart valve

damage that forced September's ban of
the nation's most popular diet drugs,
Redux and fenfluramine, the "fen" in
The agency approved Meridia
Saturday night over the objections of it
own scientific advisers, who called t
drug too risky.
FBI arrested Nichols
after questioning
DENVER -- FBI agents decided to
get tough with Terry Nichols after they
concluded he had lied about his involve-
ment in the Oklahoma City bombing,
including his associations with TimotfS
McVeigh, an agent said yesterday.
"I told Mr. Nichols plain and simple
that we did not believe him, that he had
left out a considerable amount of his
involvement in the crime" said FBI
agent Dan Jablonski, who arrested
Nichols after more than nine hours of
But Jablonski denied throwing a fold-
er down on the desk, kicking a chair or
trying to intimidate Nichols physically

of my education. This is
my senior year and this is
M. If the team's going, I'm
ay win the national chain-
it surrounding a possible
npionship is sparking even
nent than Michigan Rose
past, alumni officials said.
here for 25 years, and I've
h of Rose Bowls," said
Association Assistant
rector Helen Peters. "I've
terest like this before."
tement has left travel
es ringing off the hook.
n's Boersma Travel office
pecial $1,435 Rose Bowl
terday, less than a day after
in over Ohio State.
as been crazy," Christ
oersma Travel said. "This
een swamped. Airfare is
ive, anywhere from $600-
ng up because there's lim-
Conlin Travel advised stu-

dents to purchase all airplane tickets 21
days before the day of their flights in
order to help hold down fares and
secure limited tickets,
Steve Hutchinson, starting left guard
for Michigan, said he hoped the
University's announcement would
encourage more students to attend the
team's season finale.
"I think getting as many Michigan
students out there is a plus," Hutchinson
said. "We'll be in Washington territory.
Getting out there will be a problem for
a lot of people."
For Jon Welch, an Engineering first-
year student, it's not distance, but rather
money, that's holding him back from
attending the game.
"I would get a ticket if I could find a
way to get there," Welch said. "I'll just
watch the game on TV I would prefer to
go, but I can't afford it now."
The Alumni Association has 10,000
tickets of the 28,000 given to the
University to allocate to alumni and stu-
dents through their travel packages.
Students will reside in Marriott Suites in

Costa Mesa, Calif. and alumni will stay
in six different hotels in Orange county.
Shuttles will run between hotels and
to all planned activities. For $1,095,
four students will share two rooms,
while alumni will shell out $1,795 for
better accommodations.
Some students have skillfully dodged
the high airfare and packages by book-
ing ahead of time and not flying direct-
ly to Los Angeles.
"I made plans to fly in advance" said
LSA sophomore David Mangan. "I
knew that I'd go no matter who was
going to the Rose Bowl. I got my plane
ticket two months ago for $280 to go to
San Jose. I'll stay with some friends and
drive down in seven hours."
In order to avoid Rose Bowl ticket
fraud, University officials plan to com-
pile a list of all ticket requests and cross
check them for repeat buyers.
Scalping will be near impossible for
students in Pasadena because each stu-
dent must pick up his or her own ticket
at the game with proper identification,
Athletic Department officials said.


Columbus landing.
"It's been the heart of campus since the 1890s," said
Julie Truttner, University secretary and assistant
researcher. "It has a lot of history."
Originally erected in the Diag to stand 172 feet above
the ground, the flagpole has been taken down for
repainting on various occasions in recent years.
University Plant Department employee Lee Miller, who
has been in charge of the flag for the last three years, said
the flagpole's re-painting may once have presented an
opportunity for an obscure student prank.
Miller said he was told that one time when it was
down, "the students had dug a trench and buried it dur-
ing the night." The workers couldn't find it the next
morning, Miller said.
"Somebody walked by and made that comment
to me," he said skeptically. "I've been here 28

"It's been the heart of
campus since the
-- Julie Truttner
University Secretary
years and I don't ever recall anything happening."
Another of Miller's responsibilities includes replacing
the flag every few months. Since it is in a lighted loca-
tion, the flag may perpetually be mounted, even at night,
which can make it a victim of the elements.
"I think it's a very important responsibility,"
Miller said. "It's just a part of my job and I'm
glad to do it."

Weapons inspections
raise fears ofconflict
reconnaissance plane flew into Iraqi
airspace and U.N. weapons inspectors
in Baghdad made their rounds with-
out incident yesterday, but there were
fears here that the international com-
munity and Iraq are edging toward a
new confrontation over expected
attempts by the disarmament team to
penetrate some of Baghdad's most
sensitive military and intelligence
The sites, unilaterally placed off-lim-
its or otherwise restricted by the Iraqi
government, include dozens of
President Saddam Hussein's palaces
and their surrounding territory, some-
times amounting to hundreds of acres;
facilities assigned to two of Hussein's
intelligence operations, the Special
Security Organization and the Iraqi
Intelligence Service; and bases of the
Special Republican Guard, a military
elite group that oversees weapons
U.N. weapons inspectors have not

tried to revisit the sites since they were
readmitted to the country Friday but are
expected to do so soon, as officials sus-
pect the palaces and other faciliti
may be hiding places for forbidden
weapons research and production and
for records documenting Iraq's biologi-
cal, chemical and nuclear warfare
Russia probes risks
from nuclear subs
MOSCOW --- Once instruments*
doomsday during the Cold War, scores
of mothballed nuclear submarines are
rusting away in Russian harbors, threat-
ening to unleash radioactive waste that
could bring environmental ruin.
Russia's cash-strapped government
can afford to dismantle only five or six of
the vessels a year. So far, just 16 of the
156 retired nuclear submarines have
been disassembled. Another 100 subs are
slated to go out of service by 2000.
Russia has called in its former fo
NATO, to help assess the problem.
-- Compiled from Daily wire reports.

COntInued from Page I.
sions and amendments and back to
Engler's office for final changes some-
.tim during the summer.
- The Undergraduate Learning
C-nMmunities program and the Life
Stfinces Initiative deserve extra funding
because they reflect strong aspects of the
University's curricula, said Assistant
Provost for University Budget and
PlNaning Marilyn Knepp.
v "Our current living communities

are so successful and they are a criti-
cal part of the undergraduate experi-
ence," Knepp said. "The life sciences
will be a priority in budgeting over
the next fewyears. This is so unique
to Michigan because of our strength
in the area."
The state increased the University's
budget by 4.4 percent for this fiscal
year, and last year the University
received a 5.5-percent increase.
McNulty said that an increase of that
magnitude is excessive.
"I don't think any University presi-

dent would expect the state to keep up
those double-inflationary increases,"
McNulty said.
The University's allocation from the
state has increased 19.4 percent since
1990, McNulty said.
"Those kinds of increases can't con-
stantly be given," McNulty said.
For the 1997 fiscal year, McNulty said,
the University receives $8,569 per stu-
dent, the largest rate in the state. The next
largest amount per student is appropriat-
ed to Michigan State University, at

While McNulty acknowledged that
the University is a large research insti-
tution, she contended that other univer-
sities such as Grand Valley State
University, which receives a lower
amount of money per student, should
get more state money.
Currently, the appropriations
process is at a preliminary stage.
Wilbanks said that once the
Department of Management and
Budget reviews the University's pro-
posal, "that's when we roll up our
sleeves and get to work."

The Michigan Daily (ISSN 0745-967) is published Monday through Friday during the fall and winter terms by
students at the University of Michigan. Subscriptions for fall term, starting in September, via U.S. mail are
$85. Winter term (January through April) is $95, yearlong (September through April) is $165. On-campus sud
scriptions for fall term are $35. Subscriptions must be prepaid.
The Michigan Daily is a member of the Associated Press and the Associated Collegiate Press.
ADDRESS: The Michigan Daily, 420 Maynard St., Ann Arbor. Michigan 48109.1327,
PHONE NUMBERS (All area code 313): News 76-DAILY; Arts 763-0379; Sports 647-3336; Opinion 764-0552;
Circulation 764-0558; Classified advertising 764-0557; Display advertising 764-0554; Billing 764-0550.
E-mail letters to the editor to daily.Jetters@umich.edu. World Wide Web: http://www.pub.umich.edu/daily/.


NEWS Jodi S. Cohen, Managing Editor
EDITORS: Jeff Eldridge, Laurie Mayk. Anupama Reddy. Wilt Weissert.
STAFF: Janet Adamy, Reilly Brennan, David Bricker, Gerard Cohen-Vrignaud, Rachel Edelman, Margene Eriksen, Megan Exley, Alero Fregene,
Maria Hackett, Mike Haven, Stephanie Hepburn, Debra Hirschfield, Steve Horwitz, Heather Kamins. Jeffrey Kosseff, Neal Lepsetz, Ken
Mazur, Chris Metinko, Pete Meyers. William Nash, Christine M. Paik, Lee Palmer, Katie Plona, Susan T. Port, Diba Rab, Asheley Riley. Alice
Robinson, Peter Romer-Friedman. Ericka M Smith Carly Southworth, Mike Spahn, Sam Stavis, Heather Wiggin, Kristin Wright. Jennifer
Yachnin. CALENDAR: Katie Plona.
EDITORIAL Erin Marsh, Edit
ASSOCIATE EDITORS: Jack Schillaci, Jason Stoffer
STAFF: Kristin Arola, Ellen Friedman, Lea Frost. Eric Hochstadt, Scott Hunter, Jason Korb. Yuki Kuniyuki. David Lai Sarah Lockyer, James
Miller, Joshua Rich, Megan Schimpf, Paul Serilla, Ron Steiger, David Taub, Matt Wimsatt, Jordan Young
SPORTS John Lerui i grng Editor
EDITORS: Nicholas J. Cotsonika, Alan Goldenbach, Jim Rose, Danielle Rumore.
STAFF: T.J. Berka, Evan Braunstein, Chris Duprey, Chris Farah, Jordan Field, Mark Francescutti, Rick Freefnah..John Fie rg, James
Goldstein, Rick Harpster, Kim Hart, Josh Kleinbaum, Chad Kujala. Andy Latack, Fred Link, B.J Luria, Kurt New Sharat u. Pranay Reddy,
Kevin Rosefield, Tracy Sandier, Richard Shin, Mark Snyder, Nita Srivastava, Dan Stillman. Uma Subramanian Jacob Wheeler.
ARTS Bryan Lark, Jennifer Petlinski, Editors
WEEKEND. ETC. EDITORS: Kristin Long, Elizabeth Lucas
SUB-EDITORS. Aaron Rennie (Music) Christopher Tkaczyk (Campus Arts). Joshua Rich (Film). Jessica Eaton (Books) Stephanie Jo Klein (TV/New Media).
STAFF: Matthew Barrett, Colin Bartos, Sarah Beldo. Carolyn Burtt, Neal C. Cartuth. Anitha Chalam. Brian Cohen, Gabe Fajun. Chris Felax,
Laura Flyer, Geordy Gantsoudes, Anna Kovaski, Emily Lambert. Stephanie Love, James Miller, Rob Mitchum, Joshua Pederson. Ryan Posly,
Anders Smith-Lindall, Julia Shih. Gabriel Smith, Prashant Tamaskar, Ted Watts, Michael Zilberman, Curtis Zimmerman
PHOTO Sara Stillman, Ed ,
ASSISTANT EDITORS: Margaret Myers, Warren Zinn
STAFF: Louis Brown, Daniel Castle, Mallory S.E. Floyd, John Kraft, Kevin Krupitzer, Kelly McKinnell, Bryan McLellan, Emily Nathan, Paul
COPY DESK Rebecca Berkun, Editor
STAFF: Alison Goldman, Jason Hoyer, Debra Liss, Amber Melosi, Jan Woodward.
ONLINE Adam Pollock, Editor
STAFF: Marqunia Iiev, Elizabeth Lucas.
GRAPHICS Jonathan Weitz, Editor
STAFF: Alex Hogg, Michelle McCombs, Jordan Young.

® I -

Back to Top

© 2021 Regents of the University of Michigan