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