2 - The Michigan Daily - Tuesday, November 25, 1997 NATiON/WORLD 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 FLAG 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 Iwered. "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 AROUND THE NATI N 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 spacewalk. AP PNOTC 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 warned. "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 fen-phen. 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 questioning. 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- ity. 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. ROUND THE ORLD 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 1890s." -- 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 UNITED NATIONS - A U-2 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 facilities. 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 development. 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 plans. 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. BUDGET 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 $7,675. 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." WONDERING' WHO WON SEATSIN LSAw STUDENT OVERNMENT ELECTIONS? 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/. EDITORIAL T J , E h 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 Talanian. 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. ST:F4:BUSI:NE fTEMoe.MTmmm TTT ® I -