Newspaper Page Text
i
U.S. dollar devaluation
effective last Monday
DOVER KLAM
The Red and Black. Wednesday, May 10, 1972
Page .<
by Phil Sonderlin
By HAP SMITH
For the first time in 38
years, the value of the U.S.
dollar has been formally
changed. The International
Monetary Fund announced
Monday a rise in the price of
gold from $35 to $38 an
ounce, devaluing the dollar by
7.89 per cent.
The American dollar began
its downswing in the foreign
market late last summer when
President Nixon put the United
States on a new economic
pathway. In what many
observers called his boldest
move since he took office,
Nixon suspended the dollar’s
convertibility to gold and set it
free to seek its own exchange
rates.
BECAUSE THE United
States no longer guaranteed to
redeem dollars in gold at $35
an ounce, foreign exchange
rates fluctuated for several
months until new rates finally
became est a blished .
Unfortunately for students
bound abroad, the new rates
favor the foreigner, not the
American.
Not only has the value of
the dollar depreciated in the
international market, but the
exchange margins have also
been widened. For example, in
Britain last summer there was a
one per cent allowable
variation in the exchange rate
(i.e. a pound was worth from
$2.38 to $2.42).
Travelers will find this
summer that the variation has
been increased to two and
one-fourth per cent and that
the pound may vary in worth
from $2.50 to $2.60, for
example.
The European traveler
should also beware of where he
gets his money exchanged.
Hotels, railway stations,
restaurants, and tourist shops
WEDNESDAY, MAY 10
7 p.m. — Kundaltm Yoga. Art
School on College Ave., Bring rug
or blanket to sit upon.
8 p.m. — Baha’i Club. 411
Memorial.
8 p.m. — Committee on Gay
Education, Phi Kappa Hall.
8 p.m. — Seminar, Sociology of
American Jewery. Ilillel
Foundation.
THURSDAY. MAY 11
5:30 p.m. — Soccer Club
practice, Myers Quadrangle, all
invited.
6:30 p.m. — Circle K. 415
Memorial.
6:45 p.m. — Christian Science
Organization, Lutheran Chapel.
7 p.m. — Sigma Chi Research
Honor Society, initiation and
awards banquet. Beech wood
Buffet.
ANNOUNCEMENTS
The University Union is now
accepting applications for summer
and fall employment. JoEs available
for the gameroom. DM on-
projectionists, night managers (grad
students only) and set-up crew.
Kappa Alpha Mu photographic
society is sponsoring a
community-wide photography
contest with prizes of $50. $25 and
$10 for the three best prints.
Anyone in the University or Athens
community may enter. Black and
white prints only in sizes from 4x5
to 11x14 inches. Each print must
be mounted and there is an entry
fee of $1 per print. There is no
limit on number of entries. Prints
may be entered in the following
categories: sports and/or news:
portrait: still life: and pictorial.
Ribbons will be awarded to the best
three prints in each category. Cash
prizes will go to the three best
prints over all. Attach name,
address, telephone, category, film
type, camera, and title of print to
back of each print. Submit entries
to Kathi Edwards in room 101-K,
Journalism School. Deadline is May
15.
Baptist Student Union is
sponsoring an interdenominational
retreat to St. Simons. May 19-21.
“Make a Difference.” Deadline May
16.
One opening exists in the
undergraduate year abroad program
of the College of Business
Administration for 1972-73. The
program will be headquartered in
the Netherlands. Room, board and
tuition will be $1530. Credit is
transferable. Students will have the
opportunity to work in a European
business firm for six weeks during
spring term. Those interested
should contact Dr. Mark R. Greene,
room 205 of the White Ave. Bldg,
or phone 2-4290.
will be glad to accept your
dollar, but most will charge a
service fee. This “fee” may
range from a nominal amount
to an outrageous charge,
depending upon the quality of
the establishment.
THE BEST exchange rate
will normally be found at the
American Express office,
Cook’s traveling agency, or a
reputable local bank.
There are some places in
Europe where the dollar has
been depreciated to no value at
all. Many restaurants, shops,
small hotels, and other
establishments will not accept
the dollar at all (not even
traveller’s checks). The burden
is left to the travleer to
exchange his money into
accepted currency before
making a purchase or paying a
bill.
What the dollar problem
means is that the European
traveler this summer will be
paying slightly higher prices, at
somewhat more uncertain
rates, to fewer establishments
who accept the dollar.
However, the change is not
great enough that the average
traveler should be alarmed.
Only the affluent travelers will
really feel the difference in
their pocketbooks.
And so, if you happen to be
at the Fountain of Trevi in
Rome, don’t get so discouraged
that you throw your dollars in
the pool. Foreign coins are
always a better substitute if
you’re watching your expenses.
u>£ll,heh E
/ /)M,‘ GOOD
Ot-D G£oifG|
*VD TH/S IS
ThE FPiMoos
Election Laws Committee
challenges Florida law
WASHINGTON (UPI)
The Committee for Democratic
Election Laws said Monday it
is filing a suit on behalf of the
Socialist Workers Party to
challenge a portion of Florida's
election law.
The suit challenges the
requirement that candidates
seeking ballot status as
independents must spend 10
cents for each name submitted
on nominating petitions.
Grand Opening
ATHENS
MARINE
•’.yiu'.v/.'M■y.u*
CHRYSLER
CORPORATION
A FREE pair of water skis w/each boat,
motor or trailer outfit purchased!
3040 Atlanto Hwy„..549-1326
ft
Hair styling and hair cuts
for men and women
/'GUYS and DOLL'S
BAXTER SQUARE
549-3523
APARTMENTS YOU
CAN AFFORD...
CALLAWAY
GARDEN APTS.
• 2 Beautiful Pools
• 2 Laundries
• Summer Lease
EFFICIENCY 599.50 Furnished
1 Bedroom - $112.50 & $ 119 50 Unf.
1 Bedroom $!4CUnf
Model* Open Daily
2360 West B'oad Street
548-7086
_ tiou'cjw* ^snc.
lor tin- finest
in flowers
i r. u IIIHIMI-s| | ,||
I’lKiM i:i-u. •
CHATTAHOOCHEE CANOERS
AND RAFTERS
The Chattahoochee Canoe Livery is now in business
at Paces Ferry Road (Robinson Tropical Gardens
across from Lovett school). Park on our protected lot
for $1.00 and save getting a ticket or getting your car
towed away. Instead of bringing two cars, just bring
one and ride our shuttle up to 1-285 and Riverbend
Apts. RENT ONE OF OUR CANOES and have an
enjoyable trip down the river. Grab a hot dog and
cold drink when you get off. For information call
546 1921 in Athens or 435-1250 in Atlanta.
Kr.*
McLean Survives
Two Obstacles
Singer Surmounts Irritated
Crowd and a Bomb Scare
By DON HECKMAN
New York Times
A performer who can survive
a bomb scare and an antago
nistic audience must be some
thing special Singer song
writer Don McLean came on
stage at Columbia University s
Wollman Auditorium Friday
mght and was greeted by lis
teners who were (ustitiably
angry about the garish bright
spotlights beaming down on
them Some friends were
filming Mr McLean and their
need tor appropriate lighting
apparently took precedence
over the audience s comfort
Associated with a performer
whose psychic antennas are
usually highly sensitive to rude
ness it was a peculiarly
thoughtless action
As it that wasn t enough halt
way through the program Mr
McLean was interrupted by a
man who unceremoniously
asked everyone to look under
their chairs tor strange or un
usual looking packages Wow
Only a truly magical performer
could have kept me and
doubtless many others in the
audience m the hall alter so
many hassles But Mr McLean
is magical
He sang his current hit,
American Pie of course, but
he also sang two particularly
impressive older tunes Three
Flights Up and Circus Song
I le led his listeners through an
enthusiastic interpretation of
the old folk round Babylon
he played super guitar and
banio and he sang beautifully
His songs almost all of which
are written with the pen of a
poet and the voice of a min
strel are the centerpiece of
his art and they have as direct
and pertinent a message tor
right here today young people
as those ot any contemporary
songwriter I can think ot
The bomb scare and the dis
trading film lights faded quickly
from my mind at the end ot the
program But Don McLean's
music hasn't. I expect to be
hearing it for a long, long lime
R&B CLASSIFIED AD FORM
If an ad is to run one time the rite is S1.25 for the first 10 words ind 5c for every word
thereafter. If an ad is to run 4 timet per week thi rate it 54.00 for the fint 10 words with
3c per word per paper. Fill out the form below by filling each square with one woid.
Remaining wor
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and mail to Th
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must arcompa
fs ir. this space . . *•
Place the number of days 4
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e Red & Black Office. 130 •*» "P* ce
Iding, Athens, Ga. Check
iy if it is to run.
Hon McLean in Concert
Letter to the Fditor
Buffalo Fvenmg News
i am not a fan ot Don
Mcl ean or wasn't before
Sunday I liked American Pie
but knew little ot McLean or his
work before then
I sal m the balcony quite
physically alienated from the
lone man on stage with no pari
ir.ular expectations but curiosity
until step by step his words,
melodious voice his attitude,
sensitivity candor and sincerity
brought my weary mind to a
warm reception of McLean s
works Just as we discovered
and respected the music of Bob
Dylan Simon and Gartunkel
Gordon Lightfoot or Carole
King so has everything I saw ot
Don McLean seeped into and
warmed my musical sense
WENDY PATERSON
Kenmore N Y
in
On United Artists
Records A Tapes.
/ A
R&B
CLASSIFIEDS
Muxt Sell! 1965 Plymouth
Fury 2-door hardtop. 383
Automatic. Full Power.
Kxcrllent Mechanical
Condition. Best Offer.
543-1971..
Convertible Torino G.T. 1968
power steennK. power brakes,
automatic. Excellent
condition. $1150 546 1801 6
to 8 p.m. daily.
1971 Capri or 1967 Cougar
Call 546-i 579 after five.
FOR SALK: 1968 G.T O.
Kxcellent condition. $1795.
(548-5473). After 5 00
1970 Honda SL350
Motosport. 2.5(H) miles. Good
condition. $575. 549-4639.
Ford Fair ane 390-V8
K ed/Black Vinal top GT
Appearance Reasonably
pnved Excellent condition.
548-3989
FOR SAIE MIX 1 2 mobile
home. Central air and heat.
Built in Porch, utility shed,
total electric. carpet.
Waaher-drver Call 742-8101.
2 bedroom furnished
apartment for sublease. June
lst-September 1 at.
Reasonable Call 543 0602.
llous* for summer rent. Three
bedrooms, fullv carpeted and
furnished. $135.00 monthly.
546-6459 after 4 p.m.
Air conditioned Furnished
Houses. Mobile Homes,
Apartments. Summer-Fall.
548 6323 - 548 3868
Mobile Home for sale. *2’ x
53’. Two bedrooms. air
conditioned. L*autifullv
furnish ri Kxcellent
condition. Phone 549-8608.
FEMALE wants to share
apartment with same. Gail
549 9133 after 5.
1964 Chevy Impala. 327 Cl.
automatic transmission.
546-5965
D*68 Javelin J40 automatic,
good condition, low insurance.
$995. 546-5375.
1971 3&Oce Suzpki lejb lhan
tooo mi. Kxcellent conditi* n
$695.00 call 9-5145 alter
5 30 p m. alsc 2 new helmets
115.00 each
UNCLAIMED
FREIGHT
STEREOS
j igf: Won soM «ui* tmniawaN
is Mrt*' >*iMhM ft*
w •»» BSH »M*eC ■•■■ri
« xnl* *A "«*c- T *»
and t* M •» x
SEWING
MACHINES
•i in Lf 1*4 via
1969 Camaro Pacesetter S S
Convertible. Sacrifice. 500
Kalhwood Dr.. Apt. J4.
549-5883
• ■ ■> MIM llm sal was in
'«rr\ a far
too rw ■*"**• To Sr sold lor B >* •
STEREO
COMPONENTS
« iims TmwjM* iT\ tot 4 «*•»
•m>i • hots vnA « tpast
- *.*: ' Ml L'
PSn* ft ft Amtafirr* 01 ft
WILL MYFPT BASS aMERK OU-
HaJTLB i HA BUI M '* VfTU!.
WEIS
; 154N.ThomasS1
HELP WANTED - Waitress
needed immediately 11 a.m.
to 3 p.m. Monday thru Friday.
Pizza Inn. 1051 Baxter St.
549-2904
MUST SELL: 10x50 two
bedroom mobile home,
furnished 549-4539
Don’t want to sell, but we’re
moving to Virgin Islands
1971. white Nova. 22.000
miles, six. automatic, all new
tires an<l brakes. Never dented,
always waxed. Yours either
81900 or 400 cases of
Coppertone Call Glen
549-9589.
LIQUIDATION 1971
Triumph 650 Tiger MOO
miles. Kuropean model must
sell Asking 81050 00 Also
left handed golf clubs 4 5.00
Cal! 549-7038 for Mlkr,
LKARN TO SKYDIVE.
LKARN AND JUMP THE
SAMK DAY PRICK $27.50
CALL PHIL 546-1788
OVKRSKAS JOBS FOR
STUDKNTS Australia,
Kurope. S America, etc All
professions and occupations.
$700 to $3000 monthly.
Kxpensrs paid, overtime,
sightseeing Free Information
— Write, Jobs Overseas Dept
R4 P O Box 15071. San
Diego Ca. 92115.
FOR S*LK D.AMONDS.
Dinner nng. wedding band set.
Good investment. Perfect
stones, appraised. 549-4535.
EOR SALK T oy poodle
puppies. 5 weeks old. White.
Black. Apricot AKC
registered $50. Call 546-1 166
LOST WATCH - Near
Lnive»sitv Bookstore
Women's white fold
Lucetn-Ptcardr. Call Jane
2-2864.
©lit Uuiuc rsittj §>bop s
HIGH PRICED?
NO-O WA-A-A-AY!
And to prove it, we're showing our latest
up-to date and CURRENT FASHIONS in
if ,> our windows, along with the competitive
t prices shown here. No kidding, we're so
* proud of our prices, we put 'em right in the
■j >■ *> window for all to see.
V/ FOR WOMEN
FROM
• Knit Tops $ 6.00
• leans $ 6.00
• Oresses $11.00
• Skirts Great Quality $ 10.00
• Blouses Priced Right $13.00
• Shoes $17.00
• Swimwear $15.00
• Hosiery "Right on" .99
• lingerie $ 2.50
We’re So Proud of Our Prices We Put ’em
In Our Window.
Be sure to see our new BIPS machine!
It produces Insta Printed Sportwear
in seconds! Choose a desiqn from nov
elty items . names, numbers, or Gieek
letters - We apply it riqht then, right
there o n a T Shirt or Jersey, of your
choice.
(Sfyp llniurrstti) §hnp
STORE HOURS: 9 00 AM 5 30 PM Mon. thru Sat.
■ Student Charge Accounts Welcomed
»
■ "STYLE SHOWS AVAILABLE FREE"
:*-/( ■'liiieAve.
548 3S5G