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. Join The Daily IREL7 I LOWE$T CO$T FLIGHTS * * Reliable - Flexible * Free European Stops U Buy Now For Summer (212) 689-8980 Outside New York FE 1-800-223-7676 nter For Student Travel 1140 5roadway,N.Y.C, N.Y. 10001 r 8 46Year" 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) Looking for companions for backpacking trip to California in second half of August. Call (313) 646- 8851 evenings. 55P725 Drive away to California, vW, need responsible per- son(s). Tony, 764-1404 from 8-4,662-1208 after 4. 54P726 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.