:2A -- The Michigan Dailv -- Thuirsdav.Sentembe~r 2. 903 NATION/WORLD 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 added. 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 said. 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 of resources." 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 very realistic." 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. o San Francisco Symphony Michael Tilson Thomas, conductor and piano- Sunday, September 27, 4 p.m. Hill Auditorium v A a A A h V *~' "~-"___& o t1 e Why not spend ten dollars on world class music? PROGRAM Gershwin Second Rha Gershwin An America Mahler SymphonyM 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- end events). NrhCamps aush Qitlet: At Pierpont Commons next to Little Caesar's on Thursdays, 11 A.M.-1:30 PM. (for Thursday through Wednesday events.) What to Bring Just your valid student IQ "There is a two ticket limit per student. Tickets are subject to availability. Any questions? Call us at 734.764.2538, or stop by our box office in Burton Memorial Tower (right behind Hill Auditorium). psody for Piano and Orchestra n in Paris No.1 in D Major ("Titan") Greenspan signals 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 distress." 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 years. But, he assured senators, "I do not think we underestimate the severity of the problems with which we are dealing." 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- ment. 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 734.764.2538 http://www.ums.org For more information on the 1998/99 UMS season, stop by the UMS Box Office in Burton Memorial Tower. .I 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 Cw[hat. Like V Wo, M . Wouldn't it be COOL if one of these companies REMEMBEREDw it wasi when they were about to. *et- ut f so? I mean, these guys know my gpa, bloodtype and nextofkin. HOW MUCH do I reall y know about them? this is MyL Just give menZEROBStsIfISTRAIGHT TALK about stuff that really matters. Wouldn't that be 2" cool' 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 Assembly session. "In this regard, we expect that the arbitrary restrictions imposed on Pakistan by multilateral institutions will be speedily removed," Sharif said. 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 more tests. Congo demands 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 nation. "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 Assembly. - Compiled from Daily wire reports. I 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 sub- 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 734): 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.etters@uich.edu. World Wide Web: http://www.michigandaly.com i (EIORA STFF ' ari ayEdtr' nChe I NEWS Janet Adamy, Managing Editor EDITORS: MarIa Hackett, Heather Kamins, Jeffrey Kosseff, Chris Metinko. STAFF: Meissa Andrzejak, Adam Cohen, Gerard CoherVrignaud, Nkita Easley, Rachel Edelman, Enn Holmes, Wiiam Nash, Kelly O'Comor, Lee Palmer, Kaie Pima, Susan T. Port, Nika Schulte, Mike Spahr, Jason Stoffer, Heather Wiggin, Jennifer Yachnsn. Adam Zuwernk. CALENDAR: Kaie Piona EDITORIAL Jack Schiliaci, Ed ASSOCIATE EDITORS Sarah Lockyer, David Wallace STAF F: Emily Acheribaum, Jeff Eldridge. Lea Frost, Kaamran Hafeez, Eric Hochstadt, Scott Hunter, Jason Korb, Thomas Kulijurgis Sarah Lenire. James Miller, Abby ifoses, Aaron Rich, Peter Romer-Friedman. Stephen Sarkozy, Killy Scheer, Megan Schimpf, Min Targowski. SPORTS Jim Rose, Managing Editor EDITORS: Josh Kleinbaum, Sharat Riju. Pranay Reddy. Mark Snyder. STAFF: T JBerka, Josh Borkun, Evan Braunstein. Dave DenHerder, Chns Duprey, Jordan Field. Mark Francescutti, Rick Freeman, Rick Harpster, Vaughn R. Klug, Andy Latack, B. Luna, Stephanie Offen, Kevin Rosenileid, Tracy Sander, Nita Snvastava Uma Subramaraan, Jacob Wheeier. ARTS Kristin Long, Chistopher Thaozyk, Editors WEEKEND, ETC. EDITORS: Jessica Eaton, Will Weissert SUB-EDITORS: Bean Cohen (Musc). Michael Galloway (TV/Newmedal, Anna Kovaiszk1i(Fine/Pefoirrng Aits), Joshua Pederson (Filml, Cornne Schnelder STAFF: Joanne Ainajar. Matthew Barrett, Chris Cousino, Gabe Faiun, Laura Flyer. Geordy Gantsoudes. Steve Gertz. Cait Hal, Bryan Lal, Jie Ln. James Milier. Rob Mtchm, Kern Murphy, Joshua Pederson, Erin Podolsky, Aaron Rich, Adiin Rosh, Deveron Q. Sanders, Ed Sholinsky, Gabriel Smith, Ted Watts, Curbis Zimmerman, PHOTO Margaret Myers, Warren Znn, Ed Arts Editor: Adrana Yugovtch STAF F: Louis Brown, Alison Canter, Mallory S.E. Floyd, Joy Jacobs. Jessica Johnson, Dana innare, Matt Madil, Kelly McKinneH ONUNE Liz Lucas, Editor STAFF: Mark Francescutti, Marcsana lliev. GRAPHICS STAFF: Alex Hogg. Vicky Lasky, Mtcheite McCombs, Jordan Young. JOIN US FOR THE MBA CAREER FORUM, FRIDAY, SEPTEMBER 25TH, FROM 9AM TO 11AM AT THE MICHIGAN UNION. U S WEST UNIVERSITY RELATIONS RESUME FAX LINE: 303-965-4339. 1e UUIPLAT ALEt Nathan Rozof, Manager fl