:2A -- The Michigan Dailv -- Thuirsdav.Sentembe~r 2. 903
Mandela receives medal of honor
AROUND THE NATION
WASHINGTON (AP) -- To cheers and standing
ovations from America's leaders, retiring South
African President Nelson Mandela received the
Congressional Gold Medal on yesterday, becoming
the first African awarded the honor.
"No medal, no award, no fortune, nothing we
could give him could possibly compare to the gifts he
* bas given to us and to the world," President Clinton
aid before presenting the round gold medal nestled in
ta ,green velvet case.
"The only gift that is true recompense is to
ontinue his mission and to live by the power of
.is profound and wonderful example," Clinton
r Surrounded by the Capitol Rotunda's towering
unages of George Washington and Abraham Lincoln, a
beaming Mandela said he felt "like the heavyweight
Zcoxing champion of the world."
"There's one regret I've had throughout my life
- that 1 never became the heavyweight boxing
champion of the world. I would like my friend,
Evander Holyfield, to know that today, I feel like
the heavyweight boxing champion of the world,"
Mandela, the 100th recipient of the congressional
medal, said prizes alone cannot sustain South Africa.
"Though we are long past the blaming of our
past for our problems, it does need to be acknowl-
edged that the imbalance and inequities
bequeathed to us by the history of Africa and
South Africa are beyond our capacity to meet on
our own," Mandela said."They call for a partner-
ship of Africa and the United States, developing
and developed countries bringing about a transfer
The ceremony was the last official event Mandela
will attend in the United States as head of state. He is
stepping down next year.
House Speaker Newt Gingrich saluted Mandela as
"the father of multiracial democracy in Africa and the
leading example in the world today of the spirit of
Washington" and Martin Luther King Jr.
With tears in his eyes, Gingrich (R-Ga.) beseeched
Americans to follow Mandela's example of humility,
sacrifice and kindness in the face of enmity.
Congress approved legislation on July 29 to award
the medal to Mandela. Lawmakers cited Mandela for
having "dedicated his entire life to the abolition of
apartheid ... and sacrificed his own personal freedom
for the good of everyone."
The medal was first presented to Washington in
1776; other recipients include Lincoln Winston
Churchill and Mother Theresa.
Mandela, the 80-year-old hero of South Africa's
long struggle against apartheid, served 27 years in
prison before his release in 1990 and subsequent elec-
tion as president.
Senate passes bankruptcy overhaul
WASI IINGTON The Senate overwhelmingly passed legislation yesterday to
overhaul bankruptcy laws and make it harder for people to sweep away their debts.
The Ilouse had already passed yin even more stringent measure, pushed by
credit card companies and alarm over the rising number of personal bankruptcie*
Yesterday's Senate vote was 97-1, with Paul Wellstone, ( D-Minn.), the only sen-
ator to oppose it.
The Clinton administration supports change in bankruptcy laws but has said it can-
not support the I louse-passed bill in its current form. With only a few weeks remain-
ing in the congressional session, lawmakers face a daunting task of reconciling the two
versions and sending to the White House a bill President Clinton will accept.
For that to occur, Ilouse lawmakers must not take the view "that their bill is per-
fect," said Sen. Charles Grassley, (R-lowa), chief author of the Senate version with
Sen. Richard Durbin, (T)-Ill.).
"There has to be give-and-take to get a compromise,:" Grassley told reporters
after the vote. He said he believes a the chance of a House-Senate compromise "is
While lawmakers worry about the surge in personal bankruptcies despite the
strong economy, some insisted the credit card companies, because they aggres-
sively solicit customers, share of the blame.
San Francisco Symphony
Michael Tilson Thomas, conductor and piano-
Sunday, September 27, 4 p.m.
A a A A h
o t1 e
Why not spend ten dollars
on world class music?
Gershwin Second Rha
Gershwin An America
Where & When?
Central Campus Rush
Outlet: Michigan Union
Ticket Office on the day
of the event, 9 A.M.-5
PM., Monday through
Friday (Friday for week-
Qitlet: At Pierpont
Commons next to Little
Caesar's on Thursdays,
11 A.M.-1:30 PM. (for
What to Bring
Just your valid student IQ
"There is a two ticket limit
per student. Tickets are
subject to availability.
Call us at 734.764.2538,
or stop by our box office
in Burton Memorial Tower
(right behind Hill
psody for Piano and Orchestra
n in Paris
No.1 in D Major ("Titan")
interest rate cut
WASHINGTON -- Federal
Reserve Chair Alan Greenspan ignited
a rally on Wall Street yesterday by sig-
naling that he and his fellow policy-
makers will cut short-term interest
rates next week.
Greenspan told the Senate Budget
Committee that he saw "few signs the
financial crisis that started in Asia last
year has subsided" and that world poli-
cy-makers "have to be especially sensi-
tive to the deepening signs of global
The central bank chair refused to
say explicitly whether the Federal
Open Market Committee, which
includes Federal Reserve Board
members and regional Federal
Reserve Bank presidents, will vote
next Tuesday to cut rates for the first
time in more than two and a half
But, he assured senators, "I do not
think we underestimate the severity
of the problems with which we are
A reduction in short-term interest
rates would cushion the U.S. econo-
my from overseas turmoil by making
it cheaper for consumers to financ
major purchases and for businesseW
to expand and invest in new equip-
Report says system
limits minority clout
WASHINGTON - Blacks and
other minorities give money to political
campaigns far less frequently than
whites, severely limiting their influence
on a political process increasingl-
dependent on campaign cash, accord-
ing to a report to be released yesterday.
Public Campaign, a Washington-
based group that advocates publicly
financed elections, said its findings
illustrate the need to reform the system
of financing campaigns.
"People of color are extraordinarily
disenfranchised," said Ellen Miller, the
group's executive director. "They are
turned out of the system both as candi*
dates and voters."
Don't miss the
University Musical Society
Rush Ticket Sales!
AROUND THE WORLD :1
Be part of the most exciting musical
experiences on campus for only $10!
University Musical Society
For more information on the 1998/99 UMS season,
stop by the UMS Box Office in Burton Memorial Tower.
0ook everybody, it's a J B FAI Wow...just me and hundred
of my closest friends sharing an inimate moment with MEGAGLOMERATE,INC.U
V Wo, M . Wouldn't it be COOL if one of these companies REMEMBEREDw it wasi
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this is MyL Just give menZEROBStsIfISTRAIGHT TALK about
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Pakistan says it
will adhere to treaty
UNITED NATIONS - Pakistan's
prime minister said yesterday his
country wouldunilaterally adhere to
the nuclear test ban treaty, but
warned that compliance would
depend on whether rival India
resumed its tests.
Nawaz Sharif said Pakistan was
ready to adhere to the pact if economic
sanctions imposed after it conducted
nuclear tests in May were lifted.
"Pakistan is ... prepared to
adhere to the Comprehensive Test
Ban Treaty," Sharif told world lead-
ers at the United Nations General
"In this regard, we expect that the
arbitrary restrictions imposed on
Pakistan by multilateral institutions
will be speedily removed," Sharif
After India and Pakistan carried out
nuclear tests, the United States and
other nations imposed economic sanc-
tions, cutting off all loans.
That measure has been especially
tough on Pakistan, which has been
struggling with severe economic woes.
Sharif warned that Pakistan woul
comply with a ban on nuclear tests only
so long as India did not carry out any
witdrawal of troops
UNITED NATIONS -- The Congo
demanded the withdrawal of foreigxl
troops from its soil yesterday an
accused the U.N. Security Council of
failing to act quickly to end rebel
attacks in the embattled central African
"In similar cases - in Kosovo, in
Bosnia and in Kuwait - the Security
Council dealt with the situation in a
prompt and real way to restore peace
there. Why was there silence from the
international community, particularly
from the Security Council?" Congo's
Foreign Minister Jean-Charles OkotS
Lolakombe asked the U.N. General
- Compiled from Daily wire reports.
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