EOpinion
4
Page 6
Saturday, May 15, 1982
The Michigan Daily
'U' out of South Africa?
4
I F THE STATE legislature has its
way, the University may have to sell
off its holdings in companies operating
in South Africa, because of that coun-
try's discriminatory apartheid policy.
The state House of Representatives
passed legislation this week to require
such divestment. The bill will become
law if passed by the Senate and signed
by Gov. Milliken.
the segregated nation.
If the divestment bill becomes law,
there may be some interesting legal
battles between the University and the
state if the Regents decide to ignore the
order and spend investment dollars as
they see fit..
Aid to 'U' saved
F OR THE UNIVERSITY ad-
ministration, this was a hectic
week.
On Monday, administrators were
bracing for the worst. Facing a shor-
tfall of over $300 million in the state
budget, Gov. Milliken announced he
would be forced to cut $21 million from
the state's aid to the University if his
tax hike proposal failed. At the same
time, private investors were
threatening to lower the state's bond
rating, possibly endangering the
University Hospital Replacement
Project's funding.
Fortunately the University was
spared the cuts President Shapiro had
called "devastating." The state
legislature narrowly passed a tax hike
Tuesday which will provide the
necessary funds to avert the cuts.
The legislative action was not enough
to save the state's credit rating,
however, which plummeted to the
lowest in the nation.
One more round
ANOTHER ROUND of Reagan
budget cuts is on the way.
According to Financial Aid Office
Director Harvey Grotrian the Univer-
sity will lose almost $1 million in finan-
cial aid for the next school year.
There is some'good news in the
Reagan budget slashes, however. If
Congress does not reject a Department
of Education recommendation, the
eligibility requirements for Guaranteed
Student Loans will remain at the level
set last October.
Three campus based programs will
be severely damaged by cuts of more
than $325,000 each: Supplemental
Educational Opportunity Grants,
College Work Study, and National
Direct Student Loans.
Grotrian said the most severe loss is
the nearly $400,000 cut from work study
programs which will result.in the ter-
mination of several hundred student
jobs.
The Week in Review was com-
piled by Daily Opinion Page editor
Kent Redding and Daily staff writer
Bill Spindle, and will be featured
every Saturday.
4
University officials have maintained
such a bill is unconstitutional - that
only the Regents have the authority to
decide what to do with University
money. Regent Thomas Roach (D-
Saline) said the Regents have "com-
plete power" over University funds.
As of June30, 1981, the University had
tens of millions of dollars invested in
companies operating in South Africa -
a policy contested by several student
groups. Regents have insisted that
these companies abide by the Sullivan
Principles, which ask companies not to
discriminate against black-workers in
Gov. Milliken takes a respite from state
budget problems to address University
graduates.
Officials are unsure what effect the
credit downgrading. will have on the
University, but admit it could adver-
sely affect the state's ability to sell
bonds for the new hospital and
adequately fund the school in the
future.
I
I
i
The Michigan Daily
Vol. XCII, No.9S
Ninety Years of Editorial Freedom
Edited and managed by students
at the University of Michigan
Revive SALT II
LTHOUGH PRESIDENT Reagan has recent-
y called for U.S. and Soviet arms reductions,
he still wants to chuck the SALT II treaty.
One must wonder if the President is truly
serious about controlling the arms race or
whether he is using rhetoric to silence an in-
creasingly vocal nuclear freeze movement.
His position on SALT II indicates that he has
not given up on his hope of American nuclear
superiority. The treaty would restrain the two
superpowers in many areas and actually force
the Soviets to dismantle some missiles aimed at
the United States.
If the agreement "legitimizes" the arms
race, as the president insists, what does the ab-
sence of a limitation do, stop the race? A new
agreement will take years to negotiate while
missiles continue to roll off the assembly line. I
The president should shoulder the political
baggage of his earlier rejection of the treaty
and send it back to the Senate for ratification. A
verifiable treaty that actually limits the
nuclear buildup is better than none at all, which
swt.th Unite a$snoas.
Feiffer
M MU-OW A MC s:S
TO M AWT
v
-tls iIITi.C Pt&&
HAL? A59A
-Tis iii pEl'
-3
1915 is i arr y~
lA17 R)A~r58M
l1
I
I
-fits trrtc CHH 9 ArE
4,G 1 ti' tvATrA T
N . Y M N'TOtR4V .
O O. I
LETTERS TO THE DAILY:
Radicals' bombard test takers
4
To the Daily:
I am writing to express my
outrage at the organizers of the
rally held today at noon on the
Diag. During that hour, I was
giving an exam to about 35
students in a room facing the
Diag. The students found it ex-
tremely difficult to concentrate,
as their ears were bombarded by
strident voices chanting sogans
through a bullhorn in the sing-
song-diction of the well-bred
radical,
It is an outrage that students
seriously . pursuing their
education should be disrupted by
an arrogant crowd of self-
indulgent poseurs intent upon
congratulating themselves on
their moral superiority. Let them
find another arena for their
posturing, so that the University
can get on with its proper
businesstof education and resear-
ch.
-Greg Rebel
April 15
0