News: 76-DA Display Ads: Classified Ad WASHIN out yesterda3 rich allies ev action plan f ic crisis that world into re The disal *hat despite effort to pr markets, th( disagree stri be doing to The admit agreements U.S. leaders] dollar bailot threatened 1 ull their me Brazilian expressed sa negotiations words of sup It was exj emergency Sr ca tr( UI i One hundred eight years ofed:torlfreedorn ILY 764-0554 Is. 764-0557 Monday October 5,1998 . . .#. .. a ., I .., allies debate economic woes k y tI (c 9 r1 n a >h ,i bI 0 GTON (AP) - Bickering broke y between the United States and its en before the ink was dry on their or combating a widening econom- has already pushed a third of the cession. greements underscored the fact a major Clinton administration oject unity and calm turbulent e world's economic powers still ongly over just what they should restore stability. nistration still played down the dis- and pushed ahead to demonstrate hip by assembling a multibillion- t plan for Brazil, the latest country y panicked investors seeking to ney out. Finance Minister Pedro Malan tisfaction over progress of the loan yesterday, saying "I take heart in the >ort" expressed by the United States. pected that perhaps a $30 billion credit line for Brazil could be af l R announced soon after results of yesterday's presidential elections are known. While accepting the need for a Brazilian support package, the world's seven largest economies were in major disagreement over proper policies to follow in their own borders. British and German monetary officials resisted pressures to follow the lead of the Federal Reserve in cutting interest rates to spur growth and make sure that a slowdown in Europe doesn't add further drag to an already weakened global economy. More than $100 billion in IMF bailout packages have been put together since the start of the Asian crisis. They provided help only after a country's economy was decimat- ed and its resources depleted by investors seeking to flee. The currency crises started in Thailand 15 months ago, then struck Indonesia and South Korea. In August, similar conditions triggered a free fall of the Russian economy, and that raised anxieties that Latin America will be next. But several nations said yesterday the U.S. proposal would be dead on arrival unless the United States provides $18 billion to replenish depleted IMF resources before Congress' scheduled adjournment this week. British Chancellor of the Exchequer Gordon Brown told reporters the Group of Seven nations had agreed only to explore the Americans' quick-response proposal. He said a new "IMF facility is dependent on the IMF having the funds, and that is dependent on House approval"of the $18 billion. All the wrangling was over a five-page communique the world's seven richest coun- tries --the United States, Japan, Germany, France, Britain, Canada and Italy - issued Saturday night. The aim for the document is to serve as a blueprint for discussions in the next five days at the annual meetings of the 182-nation IMF and its sister lending agency, the World Bank. But finance officials let it be known yester- day that each country has its own interpreta- tions of just what was meant by the vaguely See CRISIS, Page 7A Crisis not likely to affect ' investments By Erin Holmes Daily Staff Reporter Although recent fluctuations in the U.S. stock market ate into the endowments of several major colleges across the nation, the University probably won't suffer such great losses. University Associate Vice President and Treasurer Norman Herbert said the reason the campus can remain calm is the broad range of the University's investments. "We're not invested in stocks alone," Herbert said. "Our portfolio is very diversified." Last week, Stanford University reported a 10- percent value loss in its endowment, resulting from the market instability. Harvard University and Princeton University also reported suffering a 7-10 percent loss. Exact figures are not certain, Herbert said, but the University has about 30 percent of its invest- ments in U.S. stocks and 20 percent in interna- tional stocks. The remaining 50 percent is invest- ed in bonds, real estate and private equity. These numbers, Herbert said, are "not unusu- al" overall when compared with other colleges and universities in the United States. Although these numbers show diversification of investment, Herbert said there will be some See STOCKS, Page 7A econstructing history use )uble Impeachment at issue as Clinton hearings begin I By Michael Grass or the Daily Spain - it's not just a processed lunch meat anymore. During the past few weeks, many University student e-mail in-boxes have been flooded, or spammed, with hundreds of e-mail messages. "I estimate that I received about 400 e-mail messages in the last spam' LSA senior Erica Major said. "I am irritated about the whole thing" Dean of Students E. Royster Harper gent an e-mail message Sept. 29 about changes in her office via an e-mail group named u.structural.transition. The group has since been dismantled, and officials could not estimate how many students received the message. Several of those who received the message responded to it asking to be removed from the u.structural.tmnsition list. But many respondents replied to all the recipients and everyone on the e-mail oup received these responses, inundat- ing mailboxes across the system. "Some e-mail systems reply to all as default," said Jose-Marie Griffiths, director of the University's Information Technology Division. Spamming causes major slowdowns in the e-mail system and frustrates many students. "When I was done deleting them all, I didn't want to read any of my impor- tant mail because I was so tired of try- Ong to figure out what was junk mail and what wasn't;' Major said. Harper and the creator of the e-mail group, Adena Cytron, could not be reached for comment. Griffiths said ITD is dealing with other spamming problems. Spammed messages that originated outside the University system have caused ITD serious problems, Griffiths said. 0 Armed with new filtering software, the University's computer system now can automatically reject external spams. ITD currently is working to stop internal spamming. Griffiths said she has been working on three information policies she believes will be approved in the next two weeks. The first policy would set up clearer guidelines for mass e-mails, such as the one Harper sent out. I "We need to insist that we are informed about mass e-mails" Griffiths said, so when messages are sent out on the University's system, they do not create serious problems. "These mass e-mail groups do have a purpose," Major said. "Student organi- zations may need to inform other groups about programs they are doing" There are ways users can send mass e-mails without causing spamming problems. For example, the group's cre- ator can select an option on the X.500 directory to set up the list so respon- dents can only reply to the person who sent the first message. The second policy would clarify the guidelines for using University directo- -:+®L ca ll Y1AA TfApe- nii nP.. Los Angeles Tunes WASHINGTON - A white-maned Republican member of Congress from suburban Chicago sitting in a high- backed chair will raise a wooden gavel this morning and pound the House Judiciary Committee into session. Nothing less than the fate of a besieged president will be at stake. Chairperson Henry Hyde, who said yesterday he hopes to have his commit- tee's impeachment hearings completed by New Year's Day, will lead a debate over a single, central question: Should a formal inquiry be opened into whether President Clinton, zealous to cover up his could rely on her sworn testimony before the grand jury earlier this year. To Hyde's left will sit Rep. John Conyers (D-Detroit), a dapper, soft-spo- ken congress member with slicked-back hair and a determination to see that Clinton is treated fairly and with the respect befitting his office. The senior Democrat on the Judiciary Committee, Conyers suggested yesterday that the panel complete its investigation by Thanksgiving. More important, Conyers hopes to direct the spotlight away from the presi- dent and instead upon Clinton's detrac- sexual escapades with Monica Lewinsky, commit- ted perjury and obstructed justice. If first his committee and then the full House answer that question affir- matively, as both are expected to do this week, Hyde said yesterday that he hopes his committee am hs tors, most notably House Speaker Newt Gingrich (R- Ga.), and independent coun- sel Kenneth Starr. Conyers said he would rather call Starr than Lewinsky to testify to the committee. Appearing on the same program as Hyde, Conyers said: "Kenneth Starr has more explaining to do could complete its investigation by New Year's Day. As stipulated by the Constitution, a vote by the House to impeach Clinton for "high crimes and misdemeanors" would leave it to the Senate to try him. Hyde also surprisingly announced on NBC's "Meet the Press" yesterday that "I don't see a need" for calling Lewinsky to testify. Rather, he said, his committee than any independent counsel in American history.' Despite their sharp political differ- ences, Conyers and Hyde agreed that even if the full House approves articles of impeachment against the president, the Senate will not be able to muster the two- thirds majority needed to oust him from the White House. See CUNTON, Page 2A ALLISON CANTER/Daily Daniel Siomovits, 6, makes a canoe out of sticks of wood yesterday at the Matthal Botanical Gardens during the Blast From the Past Festival, which took place this weekend to celebrate early U.S. history. Parking fee increases to createprigspaces By Carrie Solomon For the Daily Although parking may seem to be a relentless hassle in Ann Arbor, the increased rate charged by parking meters and higher parking fines will even- tually enable the Ann Arbor City Council to provide more spaces and better features for city parking. The Parking Rate and Fine Increase Proposal, passed by the Ann Arbor City Council last semester, went into effect this past July. Not only did the cost per hour o ,p park at a metered spot increase from 60 to 80 cents, but the ensu- Fine ing fine for an expired meter also mee rose. The new fine is $5 if paid in $10 person by 5 p.m. the next business Numb day, $10 within 14 days and $15 ticke dollars after 14 days. year: The former fine for an expired meter was $3 if paid within an hour, $5 if paid within 14 days and $15 if paid after 14 days. The expired meter fine was intentionally increased in conjunction with the increase in meter rates, said Michael Scott, manager of Ann Arbor's Parking and Street Maintenance Department. "We have to be more punitive so that people will not just take a ticket over the parking meter rates;" Scott said. The council also approved increases for 42 subse- nant rMc for narking violatinns "Acros the Past trends point to an increasing amount of funds available from parking tickets. During the past fiscal year, which ended June 30, 198,876 parking tickets were issued in Ann Arbor, Scott said. "That's more than (the previous) year. That breaks down to about 50-60 tickets per officer, per day," he said. If the trend continues, not only will the general fund increase, but more revenues will be available to improving parking. for expired paid by 5 p.m. if paid in 14 days ber of ts issued last 198,876 "There is just not enough supply for the demand," Sheldon said. "In order to do permanent structure restoration, we will need help from the street system?' The original 60-cent per-hour meter revenue went to maintain parking lots and care for meters. But without the revenue from parking tickets, funds are not suffi- cient to provide expanded ser- Rackham student Jessica Curtin, ESA sophomore Brian Babb and LSA senior IBisan Salhl discuss assorted issues affecting the University community this year. Student groups 'gather' vices, Sheldon said. Sheldon said the increase of revenue will enable parking structures such as those located at Liberty Street and Thompson Street and the structure on South Forest Avenue to be rebuilt, providing more parking and safer services. Sheldon said she would like $20,000 from the fund to be set aside for safety phones within the structures. William Wheeler, public services director for Ann Arbor, said there is no soending plan for the new By Nika Schulte Daily Staff Reporter Exchanging smiles, information and contact numbers, more than 15 University student groups joined together for "The Gathering" on Saturday morning in the Michigan Union Ballroom. "The Gathering;" a forum sponsored by the University's Minority Affairs Commission, allowed members of ethnic and multicultural groups to meet each other and confront issues that tural barriers to work together"' said Shabatayah Andrich, host of the event. "There are good ideas that are splintered around. This is an opportunity to do these things by standing together," said Andrich, an LSA junior. After introductions, students formed small groups to discuss impressions of other cultures, what sup- port from other groups involves, equity among groups and resources and the University's challenge I