Page 6-Saturday, June 5, 1982-The Michigan Daily Op ilioll N Page 6 The Michigan Daily 4 _ _ _ The Michigan Daily Vol. XCI, No. 23-S Ninety-two Years of Editorial Freedom Edited and managed by student at the University of Michigan Cooperation or stagnation MID THE SPLENDOR of the fabulous Palace of Versailles, the heads of the seven major industrialized nations are meeting to discuss the respective fates of their countries and the need for greater cooperation between them. It is an old story of presidents and prime ministers huddling together under the strains of diverging interests. But few concrete results ever come out of these meetings except that a president often rises in the opinion polls as he basks in the light of the media and foreign crowds. Perhaps this econohlic summit will be dif- ferent, however. At no time in recent history have these seven nations had more reason to work together. The economic malaise that has lingered over Western nations and touched down periodically in the last ten years has again wound down many once-strong industrial sectors. The ties between the nations are the kind that bind. All the nations depend heavily upon trade with one another, and all depend heavily upon a strong American economy for their own economic livelihood. Nearly 1.7 trillion American dollars are held in Europe and provide most of the continent's credit. In ad- dition, the United States provides over 30 per- cent of the industrial world's output. Clearly with economies so intertwined, there can not be individual solutions to the current economic downturn. The biggest obstacles to recovery are wildly fluctuating currencies and high U.S. interest rates. President Reagan wants the market forces to prevail in monetary policy but that has put Euro-currencies, ex- pecially the French franc, under severe strain. And Congressional feet-dragging on the American budget has kept interest rates high, hindering recovery in other nations just as it has in the United States. President Reagan can hang tough on his ideology and not help the French and British stabilize their currencies, or he can bend in return for concessions in the form of trade restrictions with the Russians. If the leaders at Versailles opt for cooperation rather than division, the result will be a stronger economies and alliances. But because of interdependence among the nations, whatever the leaders decide, their fates will remain intertwined - everyone sinks or swims together. Strikes, Playgirl come to the 'U' I UNIVERSITY HOSPITAL staffers and patients, eager for a change in scenery from their current building, may have to wait a little longer than plan- ned to move into their new home. Striking ironworkers and operating engineers have given the University Replacement Hospital Project a case of the slows. Only 15 workers are at the site, bringing construction of the $285 million project to a virtual halt. There has been no picketing at 4 4 the site and contract talks bet- ween Associated General Con- tractors of Detroit and two trade unions are expected to begin again next week. Hospital planner Marsha Bremer said she wasn't sure when the issues could be resolved between the disputing parties, who will be working with federal mediators, or how much the strike will cost the project in terms of time and money. The hospital is scheduled for com- pletion in 1985. 'U' exposure W HEN SUMMER'S heat hits campus, Ann Arbor residents shed much of their outerwear. Now, Playgirl is planning to give male University students an excuse to expose even more of their bodies. The magazine, which features male cheesecake in the most revealing way, is coming to cam- a result of a strike. pus June 7 insearch of models for a "Playgirl Comes' to the Big Ten" spread. In the interview for prospective centerfold stars, hopefuls will be asked why they want to appear in the magazine, how they feel about posing nude, and how sin- cere they are. Playgirl already has trekked to Ohio State Univer- sity seeking "healthy guys," ac- cording to talent coordinator Linda Horwitz. The magazine expects to be flooded with candidates, Horwitz predicted, and as Wes Querns, a student from OSU said, "It doesn't take much of an excuse otar lot of people to take off their clothes." Frats and dolls THE MEMBERS of Theta Chi say they had no idea that "Willie" would cause them - and others - so much trouble.' This week, the Lansing NAACP joined other groups in demanding the expulsion of Theta Chi from campus- because "Willie," a small bulging-eyed black doll, appeared in a fraternity photograph in the MSU student newspaper. The NAACP and other civil rights groups have attacked the photograph as racist and said its publication showed insensitivity toward racial minorities. The groups also called for the resignation of the General Manager of the campus newspaper and of the MSU Greek advisor. But spokespersons from both the campus newspaper and the university said the photo was published through an oversight, and that they intended no racial slur. The president of the frater- nity issued an apology and said his fraternity brothers are now attempting to "gain a better un- derstanding of the black com- munity." At week's end, the board which is to decide what action if any will be taken against the fraternity had made no announcements, but several campus groups said they were organizing anti-Theta Chi demonstrations. The Week in Review was compiled by Julie Hinds, Kent Redding, and Charles Thomson. I 0 4 :EOP E T\K AS IF TTO'/ CQAL1D tNK "KfK- A VNUMAI' tNl! J AL LT of WDY IRU 68sEH' 0I 4