Page 4 - The Michigan Daily - Friday, May 8, 1987 GRADUATION 19874i By WENDY LEWIS 4"W Despitethe threat of rain, and protest over ,i"the keynote speaker and CBS anchor Mike Wallace - who infuriated students with a racist joke six years ago - this year's commence- ment ceremonies ran without interruption. as more than 5,700 University students celebrated the end of their college experience. Amid enthusiastic applause from the crowd, jailed South African leader Nelson Mandela received an honorary degree in absentia. During the ceremony, the last one University President Harold Shapirowill preside over, the graduates sang goodbye to Shapiro. Shapiro is leaving to assume the presidency of Princeton University next January., Although a UCAR demonstration rally scheduled for 11 a.m. to protest Wallace at Elbel Field did not take place due to lack of student participation, coalition members distri- buted flyers and stickers denouncing Wallace and apartheid at the entrance to Michigan Stadium. During his speech, Wallace apologized to the audience for the remark he made six years ago while interviewing officers of a California savings and loan association. Wallace made the joke during a break of the interview, when he commented about how phony housing contracts were hard to read. Unaware that the bank was taping the interview he said, "You bet your ass they're hard to read if you're reading from over watermelons and tacos." The joke was interpreted to be highly racist because Blacks and Hispanics comprised the majority of the people who signed the contracts. Wallace addressed the incident and racism in general during it speech. Wallace told graduates that racial inequalities are part of the "unfinished revolution in civil rights in America." "(Bigotry is) an easy out. It can be downright comforting to feel bigger, better, than the next fellow. Your sense of injustice will flag," he said. Wendy Credle, a new University graduate, embraces a friend after her commencement ceremony f4 , Mike Wallace, a University alumnus and CBS anchor addresses the 1987 % graduating class. Photos by Karen Handelman As the graduates sit by class division, they express many mixed emotions.