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Concert promoter Bill Graham says he'll pull out of a giant concert marking the 50th anniversary of the Golden Gate Bridge if President Reagan participates as proposed. The Berlin-born Graham, who fled the Nazis during World War II, Monday called Reagan "highly insensitive" for having visited a German cemetery in Bitburg, West Germany in 1985. Graham did not indicate whether he would urge the musicians to withdraw from the extravaganza as well. Among the artists who have agreed to perform for free at the May 24 open-air concert: Huey Lewis & the News, the Grateful Dead, Tony Bennett, the San Francisco Symphony and the Turk Murphy Jazz Band. Organizers of the celebration are considering asking Reagan to push a button turning on the new, permanent lights on the suspension bridge.

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