The Michigan Daily - Tuesday, April 7, 1987- Page 3 New center to bring finance experts to 'U' Business leaders will teach seminars By LOUIS STANCATO The world of corporate finance comes a little closer to the University this Thursday with the establishment of the J. Ira Harris Center for the Study of Corporate Finance at the School of Business Administration. According to business school Dean Gilbert Whitaker Jr., the center will provide a way for students and faculty to meet with professionals in the field of cor- porate finance. The center will run finance- related seminars with prominent members of the business com- munity. The center will provide an exchange of ideas between members of the financial community and the school, while also providing stu- dents with hands-on knowledge about the procedures involved in today's business world. Business school faculty involved in research will also receive grants funded by the center. Whitaker said classes can only give a theoretical knowledge of the business world. "The center is a chance to get people together from the real business world," Whitaker said. Currently, the center is without a director. Whitaker will run the center until a director is found, then he will assume an advisory position. Center benefactor J. Ira Harris, a 1959 University graduate, is senior executive director of Salomon Brothers, Inc., a New York invest- ment firm. A rotating advisory panel, consisting of the center's director, finance faculty members, and Harris, will meet twice yearly to review the center's progress and to suggest changes. Rep. Daniel Rostenkowski (D- Ill.), a friend of Harris', and chairman of the House Ways and Means Committee, will give the center's opening address at Hale Auditorium Thursday. Study shows varying effects Daily Photo by SCOTT LITUCHY Councilmember Kathy Edgren (D-Fifth Ward) consoles Mayor Ed Pierce last night after Pierce lost the elec- tion to Gerald Jernigan. Voters defeat two ballot proposals (Continued from Page 1) 57-year-old physician would not speculate on his political future. City council races turned out as expected, with Democratic incum- bents Jeff Epton (Third Ward) and Kathy Edgren (Fifth Ward) winning re-election, along with new coun- cilmember Ann Marie Coleman (First Ward.) Epton, surviving a strong challenge from Republican Isaac Campbell, took 2,150 votes to Campbell's 1,597. Epton, a three- term incumbent, is a strong pro- ponent of Democratic intervention in city departments, which Camp- bell had strongly opposed. Republican Phil Spear, a local realtor, made an impressive show- ing against Edgren in the Fifth Ward, though Edgren won with 2,804 votes to Spear's 2,267. In 1985, Edgren was re-elected by 1,237 votes. Coleman, who co-directs the Guild House ministry, easily defeated Republican Ron Witchie, winning 1,603 votes. Witchie, who has lived in Ann Arbor for eight months, received 632 votes. As expected, Republican Jerry Schleicher defeated Democrat Richard Layman in the predom- inantly Republican Fourth Ward. Schleicher won 2,753 votes to Layman's 1,476. Layman, admin- istrative coordinator for the Mich- igan Student Assembly, based his campaign on student issues. In the Second Ward, Republican Terry Martin defeated Mary Reilly, a long-time Democratic activist. Martin took 2,100 votes, while Reilly received 1,521. Both ballot proposals were easily defeated by Ann Arbor voters. Proposal A, which would have authorized City Hall expan- sion, received 10,839 "no" votes compared to 7,244 "yes" votes. Proposal B, the affordable housing millage, was approved by 6,903 voters, but opposed by 11,709. The proposal, which had been a centerpiece of the Democrats' cam- paign, would have taxed city resi- dents to fund low-cost housing developments. of caffeim By TED BLUM Coffee drinkers, beware: that early morning or late night jolt is more than all the sugar and twice the caffeine. Two psychologists, Kristen Anderson, an associate professor at Colgate University and William Revelle, a psychology professor at Northwestern University, have con - cluded that the drug significantly affects ability to perform complex mental tasks, such as examinations, memorization,ind reading. . According to Anderson and Revelle's study, extroverts, who are outgoing and make decisions rapidly, and introverts, who are re - served and less spontaneous, re - spond differently to caffeine con - sumption. In the morning, Anderson said, caffeine facilitates the performance of impulsive extroverts on complex mental tasks and hurts the perfor - mance of non-impulsive introverts. During the evening, the reverse tends to be true. A boost of caffeine in the morning helps extroverts because it' takes them longer to wake up mentally. But morning caffeine hinders introverts by overstim - ulating them, the study shows. If the mental task is simple, caffeine in doses equivalent to one to three cups of coffee helps the performances of both types of people, Anderson added. Chaim Bertman, a Residential College junior, is a self-described introvert; he said his caffeine consumption is a nervous habit. "Coffee is self-destructive for me when I drink it early in the day," Bertman said. Many students at the University consume caffeine religiously. Some, in order to wake up; some, in order to stay up late; and some out of habit. Nancy Johnston, an LSA junior, said she drinks four to five cups of coffee a day. "It gets to be a habit... if I don't drink it, I'll be really exhausted," she said. According to Robin Sarris, health education specialist at the University Health Service, there is little evidence showing adverse effects of moderate caffeine con - sumption. Sarris has not heard of Anderson and Revelle's investi - gation. Too much caffeine can produce temporary side effects, such as in - somnia, irritability, or nervousness, she said. It may also have more serious side effects, such as gastrointestinal problems and irreg - ularities of the heartbeat. Anderson and Revelle's study is based on a series of studies over seven or eight years. Their findings have not yet been published. on behavior 3,000 children may be -h-THEIST What's happening in Ann Arbor today Interim committee to run dental school W i t 4 } i M i w i Y t I i w t K 1 y i d 4 i Is pX j9 Py a4 9R 6 s d R 4 fi Campus Cinema It's A Mad, Mad, Mad World (Stanley Kramer, 1963), MTF, DBL/7 p.m., Mich. Just about every comedy persona in the past 50 years get involved in a wacky, slapstick search for a buried treasure. Milton Berle, Dick Shawn, Johnathan Winters, Spencer Tracy, The Three Stooges, Jerry Lewis, Buddy Hackett, Terry-Thomas... Batman (Leslie Martinson, 1966), MTF, DBL/9:45 p.m., Mich. The Joker, the Riddler, the Penguin, and the Catwoman all menace Gotham City, and it's up to those two wealthy, unmarried men who live together and rarely part company, to stop them. Oedipus, Mom, And Freud Movies, Eyemediae, 8 p.m., 214 North Fourth Street. The Lead Shoes (Sidney Peterson, 1949), Mother's Day (James Broughton, 1948), and On The Marriage Broker Joke As Cited By Sigmund Freud In Wit And It's Relation To The Unconscious Or Can The Avant Garde Artist Be Wholed? (Owen Land, 1978) highlight this wondrous tribute to the man who gave us penis envy. Be there or be anal. Performances Robert Utterback, Victoria Norfleet, and Keith Graves- 8 p.m., Michigan Union, Pendelton Room. Speakers J. K. Bohlke- "Metasom atism and Gold Mineralization in the Sierra Nevada," Dept ofnGeological Sciences, 4 p.m., 4001 C.C. Little. Ernst Katz- "The Legend of Pacifal and the Holy Grail According to R. Wagner," 8 p.m., The Rudolf Steiner Institute, 1923 Geddes Ave. of Statistics, Hall. Meetings Science Research Club- 7:30 p.m., Chrysler Center Auditorium, 2121 Bonisteel. Michigan Cycling Club- 7 p.m., Michigan Union, Anderson B,C Room. Alpha Kappa Psi, Profes - sional Business Fraternity- 5:15 p.m., 1320 Kresge. Union of Students for Israel- 7 p.m., Hillel. Campus Bible Study- 7 p.m., Michigan League, Room C. TARDAA/Dr. Who Fan Club- 8 p.m., 296 Dennison. UCAR- 4 p.m., Michigan Union. Furthermore Rugby Football Club- 8 p.m., The Coliseum, Corner of Hill and Fifth, (996-4529). Revolutionary History Series- "Hungary 1956: The Hun - garian Working Class vs. The Soviet Bureaucracy," 7 p.m., 439 Mason Hall. Democratic Socialists of America- "Students Role in Building a New Nicaragua," 7:30 p.m., Michigan Union, Anderson Room, (996-5952 or 662-8531). UM Karate Club- Mr. Tsutomu Ohshima will teach, 7:30 p.m., CCRB, Small Gym. 4 p.m., 1443 Mason (Continued from Page 1) necessary to implement long-range planning programs. These programs include establishing curriculum revisions and faculty governance policies, which detail operating rules for the promotion and tenure of faculty. The dental school has no formal bylaws; the committee members hope to structure operating rules and define the administration's role. "My sense is that the central administration had been feeling for a long period that the dentistry school should. implement these changes," More explained. Edu- cational systems do not react quickly to change, he added. "The diverse group, I would feel, is going to look to the future with a broader view," Kotowicz said. Christiansen said the school has not been faced with additional problems but he has overseen changes in his five-year term Students choose Tigers over classes (Continued from Page 1) not staying long enough for a response. She also missed the first moments of excitement of the base - ball season. Tiger Larry Herndon smashed a triple against the right field wall in the first inning, and the lounge crowd yelled and cheered, expecting a home run. The applause died down when the ball did not clear the fence. "It shoulda been gone," one student murmured. "Good job, Dave," said another, chiding Yankee Dave Winfield, who Christiansen feels "it is very healthy to change," citing examples of other University deans who have returned to teaching. In the face of declining en- rollment, the school's class size has been reduced from 150 to 100 students and efforts have been made to enhance faculty-student relations. Christiansen also cited the de- velopment of eight sister dental schools throughout the world which share educational programs and sponsor student exchanges with the University. He has established an international union of schools for oral health which includes 13 schools internationally. FoOD Buys WHITE t MARKET PEPSI and DIET PEPSI 6 pack 12 oz. cans 179+ dep. 609 E. William Hours: M-F 8-7 663-4253 Sat. 8-6 AIDS victims by 1991 PHILADELPHIA (AP) - The estimated 3,000 children who will have AIDS by 1991 face an "invisible barrier" to social and public health services as well as abndonment by their own families, Surgeon General C. Everett Koop said yesterday. In a speech opening a three-day conference on AIDS in children, Koop criticized those who he said would deny the growing number, of children with AIDS "a normal and dignified life." As of last week, there were 471 cases of AIDS reported among children under 13, Koop said. As many as 2,000 other children are reported to have symptoms of the infection, but are not counted because their conditions don't fit narrow federal guidelines, he added. The Public Health Service estimates that 3,000 children will have the disease by 1991 "and virtually all will die," Koop said. Because of the stigma of AIDS, children with the disease have fewer foster homes available to them and also "suffer abandonment by the mother and society," Koop said. "In fact, the stigma has been an invisible but impenatrable barrier between them and a whole variety of social and public health services," Koop said. Send announcements of up- coming events to "The List," c/o The Michigan Daily, 420 Maynard St., Ann Arbor, Mich., 4849. Include all pertinent in- formation and a contact phone number. We must receive an- nouncements for Fri4ay and Sunday events at least two weeks before the event, and announ- cements for weekday events MOVE YOURSELF, ALL YOUR STUFF, AND SAVE TOO!! Aypg1 RYDER TRUCK RENTAL I