The Michigan Daily-Thursday, July 24, 1980-Page 13
PVole bearers AP~h'
Soviet Olympic flag bearers stand beside their flagpoles during a break in rehearsals for the opening ceremony of the
Olympic track and field events yesterday outside Moscow's Lenin Stadium. Track and field events are expected to be
the highlight of the 1980 Summer Olympic games.
ouse hears complaints
Son bank accont rip-offs
Israeli
delegate
calls U.N.
session
'phony'
UNITED NATIONS (AP) - The
Israeli ambassador told the General
Assembly yesterday its emergency
session on Palestine is a "phony
event," and a walkout by more than
two-dozen delegates before he spoke
symbolizes the Arab refusal to come to
terms with Israel's existence.
All 21 members of the Arab League
and about nine communist and non-
Arab delegates left the emergency
session yesterday when Israel's
Yehuda Blum rose to deliver an ad-
dress.
BLUM SAID THE walkout sym-
bolized "the root cause of the Arab-
Israeli conflict, that is, the refusal of
the Arab world to come to terms with
Israel's existence." He called it
"childish" and "ridiculous."
The absentees were "precisely the
same states which have put themselves
on the sidelines of the mainstream of
real developments in the Middle East
and have become bystan-
ders-somewhat neurotic bystan-
ders-to the current peace process,"
Blum said.
He told the remaining delegates,
gathering for the second day of the five-
day session, that the meeting was
illegal and that any resolutions it adop-
ted would be illegal. He predicted that it
would not bring any practical results.
BLUM WAS ABSENT Tuesday to ob-
serve the Jewish fast day of Tisha b'Av,
commemorating the destruction of the
temple of Jerusalem by the Romans in
the early Christian era.
Yesterday's meeting was Israel's
chance to reply to the General Assem-
bly majority that demands it surrender
all Palestinian and other Arab
territories, including predominantly
Arab East Jerusalem, occupied since
1967 and create a Palestinian state to be
ruled by the Palestine Liberation
Organization.
Egypt, suspended from the Arab
League for the Camp David accords
and its subsequent peace talks with
Israel, was the only Arab country that
did not walk out. Boutros Ghali,.
Egypt's negotiator and its minister of
state for foreign affairs, sat through
Blum's 72-minute speech.
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WASHINGTON (AP) - Banks and
other financial institutions are taking in
millions of dollars a year by using ser-
vice charges to raid the dormant ac-
counts of missing or forgetful
customers, witnesses told a House sub-
committee yesterday.
"In what is probably one of the worst
consumer rip-offs now taking place,
last year alone banks, savings and
loans and trust companies simply took
as their own income more than $40
million that is actually the property of
their missing or forgetful customers,"
said David Epstein, special counsel to
an organization of 35 state governmen-
ts.
IN ADDITION, the witnesses said,
the financial institutions usually quit
paying interest on dormant accounts -
those in which no deposits or with-
drawals are made during a specified
peried.
The amounts taken in service
charges are usually small - usually $1
to $3 per month - but they can wipe out
an account over several years, the wit-
nesses said.
An official of the American Bankers
rDaily
Cl assifieds
(Continued from Page 12)
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Association said the material presented
to the subcommittee basically "was
collected from a few people in a handful
of states."
'BUT THE official, who declined to be
identified, said the ABA already had
begun forming a task force to look into
the issue of unclaimed property, which
he said is complicated by "a host of
state laws."
One witness who lost his entire
savings of $5 was Keith Norbie, 12, of
Duluth, Minn. Norbie told the House
Government Affairs subcommittee on
commerce, consumer and monetary af-
fairs that.he neglected to keep his ac-
count active because "I like to spend
money on models and bikes and I really
don't want to save money."
Norbie eventually tried to transfer
his money to a bank closer to his home
only to find that the entire $5 had been
consumed by service charges.
"I CALLED them a robber and I said
that ain't fair," he told the subcommit-
tee. "I couldn't see how a big bank had
taken my money."
Nborbie said the bank never told him
or his parents of any service charge and
never told them his account was gone.
"We are the only Norbie in the phone
book. We are not hard to find," he said.
Iranian student steals
a grp;faces trial
From UPI and AP
MONTGOMERY, W. Va. - An
Iranian student has been charged with
shoplifting one grape at a grocery
store.
Municipal Judge Carl Harris conduc-
ted an hour and a half hearing Tuesday
in the case involving Seyedashraf
Mirhadi. The judge delayed a decision
in order to study a recent U.S. Supreme
Court decision which he said could af-
fect the city's shoplifting ordinance.
MIRHADI IS A student at West
Virginia Tech.
Kroger store manager Larry
Bowyers testified he saw Mirhadi put
the white seedless grape in his mouth
June 13. He said he couldn't give the
value of one grape, but the complaint
said the grapes were worth $1.39 a
pound.
Mirhadi was arrested by police of-
ficer James Humphrey who didn't read
him his constitutional rights until after
they were at the police station, accor-
ding to Tuesday's testimony.
Humphrey testified that Mirhadi told
him he ate a grape to see if they were
sweet.
The possibility of deportation was
raised by Mirhadi's lawyer, Belinda
Morton, who is associated with the Ap-
palachian Research and Defense Fund.
She called the prosecution "frivolous."
She said her client, an engineering
student, holds a "Duration of Status"
visa that permits him to complete his
studies and remain in the United States
for one more year to obtain practical
experience.