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Carina Campobasso '81, a member of the Harvard Hunger Action Committee (HHAC), which organized the fast, said yesterday that 2980 undergraduates have already agreed to fast. The total number fasting will surpass 50 per cent of the student body by tonight, she added...
Although the size of the sums of money Radcliffe manages may look insignificant next to Harvard's billion-and-a-half, it is Radcliffe's finances that ensure its independence. Under the terms of the 1977 Agreement between Presidents Bok and Horner, Radcliffe pays Harvard 100 per cent of its tuition income in return for the education Harvard gives undergraduate women. "Harvard is in effect our service bureau," says Burton I. Wolfman, administrative dean of Radcliffe. Effectively without any tuition income, Radcliffe relies on endowment income and government grants to support its activities...
...private power company, Cleveland Electric Illuminating (CEI), has as many reasons to buy Municipal Light (Muny) as the city has to hold on to it. (Muny made a profit of more than $200,000 last year while charging customers seven per cent less than CEI. CEI resents this competition and has long tried to strangle the city's company. In 1977, the Nuclear Regulatory Commission found CEI had violated the antitrust laws, and it ordered CEI to take 10 corrective measures, including transmitting cheaper power to Muny. The city is now pressing a $327 million antitrust suit against CEI which...
...INTERESTS in Muny Light are clear; the next question is why Cleveland Trust backs them. Cleveland Trust controls 2.2 per cent of outstanding CEI common shares, registers CEI stocks, lends it large sums of money, manages a $70 million CEI pension fund and four bank accounts, and even has an interest in the utility's building. Cleveland Trust directors serve on CEI's 11-member board...
...range of goods from which consumers can choose. Moreover, protectionism accelerates domestic inflation by forcing consumers to buy higher priced domestic goods instead of cheaper foreign products. A 1978 survey sponsored by retail organizations found that goods imported from Asia and Latin American cost, on the average, 16 per cent less than their American counterparts. Lower income groups then, the major consumers of these cheaper imported goods, suffer the most from the protectionist policies...