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U. THE NATIONAL COLLEGE NEWSPAPER 9
20 U. THE NATIONAL COLLEGE NEWSPAPER
Dollars And Sense OCTOBER 1988
OCTOBER 1988 Opinions
20 U. THE NATIONAL COLLEGE NEWSPAPER Dollars And Sense. OCTOBER 1988
Court allows sales presentations in dorm rooms
Third world becomes garbage dump for the West
d
School president initiates furor
... A move by the president of California State
U., Chico, to take over student-run businesses
drew fire from state lawmakers and student groups
at a press conference in August. President Robin
Wilson's announcement gives the administration
control of student-run commercial services -
including the campus bookstore -to the admi-
nistration. Concerned over what they consider a
dangerous precedent for student-administration
relations, the California State Student Asssocia-
tion and U. of California Student Association
joined lawmakers and other student leaders in
opposition to Wilson's actions. "For this president
to go in now and take over those businesses when
good-faith negotiations were taking place ... is
the academic equivalent to the Soviet invasion of
Afghanistan," said Assemblymember Rusty
Areias, D-Santa Clara, a former student body pres-
ident at Cal State Chico. Richard Camp,
The California Aggie, U. of California,
Davis
U..
Bedroom sports? ... Two students at
California Polytechnic State U., San Luis Obispo,
have started a sports marketing firm. Jeff Reynolds
and Jeb Thornburg, who act as a liaison between
corporations and sporting events, have a home
occupation permit and work out of Reynolds's
bedroom. "If American Express calls, I don't want
them to think it's two guys working out of a
bedroom. Theyvthink we're a big company,"
Reynolds said. Even though they received experi-
ence in college, Thornburg said, "School teaches
you to be a follower. To be successful in business
you've got to be a leader." Kelley Cum-
mins, Mustang Daily, California
Polytechnic State U., San Luis Obispo
U..
Students form tenants' union ...
Leaders of the Off-Campus Association (OCA) at
Washington State U. are looking forward to a
productive year. OCA President Dave Hooks said
the organization was formed a year ago when two
separate groups merged "... to represent the
interests of students living off campus." Chris
Grygiel, The Evergreen, Washington
State U.
U..
Business helps re-sell textbooks
*.. Kansas State U. senior finance major David
Metcalf is operating Textbook Savers, a compute-
rized business designed to help students sell
books to other students at their convenience with-
out dealing with the campus bookstore. Students
send Metcalf a list of their classes, books they
want to sell and their upcoming classes. Metcalf
matcbes the names with a list of buyers. From
there, it's up to the clients to get together with one
another. Metcalf charges $1 for each book a stu-
dent wants to sell. The president of the K-State
chapter of the Association of College Entrep-
reneurs, Metcalf is running test advertisements for
ahis service at 100 universities nationwide.
Chris Koger, Kansas State Colle-
gian, Kansas State U.
E..
Yogurt franchise offers contest
. .. Knowing how difficult it is for students to
raise capital to realize business ventures, the
founders of "I Can't Believe It's Yogurt" stores -
Julie and Bill Brice - sponsored a contest for
young entrepreneurs. The Brices, who began their
franchise when they were in college, offered the
contest to students who could create a business
that can be franchised. The idea doesn't need to be
new; it can be an improvement on an existing
product or service. First prize is $10,000, to be
used to fund the start-up costs of the winning
entry. Last year 573 entries from 203 colleges in
48 states were received. Tony Smithson,
Indiana Statesman, Indiana State U..
By Scott Cholewa
Albany Student Press
State U. of New York, Albany
The U.S. Supreme Court has ruled that students should
be allowed to hold sales presentations in their own dorm
rooms, a question that has been debated in court for two
years.
Although the court ruled a college dorm room is no place
for private commercial sales of products, sales cannot be
restricted because it would violate students' First Amend-
ment rights.
Students have the right to invite commercial enterprises,
or anyone else into their rooms, who "furnish information,
provide a product or service when a fee may be charged or a
profit made," the ruling stated.
Students from State U. of New York, Cortland, and State
U. of New York, Albany, filed a lawsuit against the SUNY
Board of Trustees, said Wayne A. Mack Jr., counsel for the
students. The suit was brought in conjunction with Amer-
ican Future Systems, Inc., a kitchen supplies company. Ori-
ginally, SUNY won the case.
When the case was put up for appeal, the students won on
the grounds that they had a right as SUNY residents to
invite whomever they chose into their dorm rooms as long as
they complied with school ordinances.
The ruling does not affect private vendors who solicit
items such as clothing or merchandise. Any guidelines con-
cerning those ventures still apply.
According to the legislation, the only rules changed are the
ones concerning sales presentations, such as Tupperware- or
Avon-sponsored events.
By Franz Schurmann
The Daily Californian
U. of California, Berkeley
Estimates are that the world's indus-
tries produce 400 million tons of waste
each year, 60 percent of which comes
from the United States. And as the
NIMBY ("Not In My Back Yard") move-
ment spreads here and in Western
Europe, more and more of it is being
shunted off to poor countries which de-
sperately need hard currency.
A piece by Roger Cans published in
France's prestigious Le Monde noted
that with "decentralization helping
along, countless local communities are
As the West wants to keep
smelly waste disposal plants
at a distance, their export to
poor countries is becoming
big business.
rejecting even the tiniest waste disposal
installation in their midst."
"'Not in my backyard,' "he adds, "has
become the watchword even among
those who are professional ecologists."
Liechtenstein, Gibraltar and the Isle of
Man in the Irish Sea. Company brokers
scour the world for dump sites, willing
to pay top prices for these services.
The United States is by far the big-
gest exporter of garbage, followed by
Italy. Ironically, communist East Ger-
many, which needs the hard currency,
has become angarbage dump for biy
West German capitalist firms.
Ecology developed as a science witl
the twin propositions that humans live
in symbiosis with nature and that na-
ture's capacities are limited. The waste
which is exported to the poor countries
will eventually return home to the rich
embedded in food and industrial pro.
ducts, more and more of which will come
from those countries.
Earlier societies recycled their mostly
organic wastes. For modern societies it
is not so easy. They can continue spew-
ing forth wastes and hope that every
thing works out. Or they can radically
change their lifestyles away from in-
dustrial consumerism. Or they can de
cide to spend sums equivalent to a Star
Wars program to recycle toxic, indust
rial and household waste into benigr
forms.
Penny stocks: It doesn't take a lot to play the market
By John Wholihan
The Observer
U. of Notre Dame, IN
A stock broker will often encourage a
client to purchase hundreds or
thousands of expensive stocks. But for
investors who like to deal on a smaller
level, there are penny stocks.
Penny stocks are those that sell on
the Over the Counter market for less
than five dollars. Some of the com-
panies offering these stocks have
grown enough to be listed by the
National Association of Securities
Dealers, meaning that a registered
broker can handle their purchase and
of what is happening in the market;
several newsletters are currently
being published. The Penny Stocks
Journal is to penny stocks what The
Wall Street Journal is to stocks on the
New York Stock Exchange.
Here are a few trading guidelines:
If the price of a stock doubles, sell
half to cover the investment cost.
Before investing, set an upper
limit. That is, determine a price at
which you will sell everything if the
stock price rises.
Before investing, set a lower limit.
A 50 percent lower loss limit is one way
to cut losses without losing everything.
As the West wants to keep smelly
waste disposal plants at a distance,
their export to poor countries is becom-
ing big business. One of the poorest
African nations, the former Spanish col-
ony of Equatorial Guinea, has just con-
cluded a deal with a small English com-
pany to unload and store two million
tons of toxic waste from Europe. The
company stands to earn $1 billion.
In recent years, radioactive nuclear
waste has been getting most of the gar-
bage publicity. For two months, a
Panamanian freighter has been sailing
the high seas trying to get rid of a cargo
of radioactive reindeer meat poisoned in
Scandinavia by the Chernobyl fallout.
But the really big challenge is "ordin-
ary" industrial and household waste.
As a result, a growing transnational
waste disposal business has sprung up,
with headquarters in places such as
it
Corporate donations boost college programs
I
School gets computer hardware ...
Hewlett-Packard Corporation has given two depart-
ments at U. of California, San Diego, equipment worth
more than three quarters of a million dollars. The
department of computer science and engineering re-
ceived equipment worth more than $500,000 to help
students learn more about building and designing
sophisticated computer chips. The company also gave
the department of applied mechanics and engineering
science $227,000 worth of computers and equipment.
Eva Wong, The UCSD Guardian, U. of
California, San Diego
U..
Science foundation gives $12 million
... The National Science Foundation (NSF) awarded
the U. of Minnesota, Twin Cities (UM), a $12 million
grant, one of only four engineering research centers in
the nation to receive the award. The money is earmarked
for the university's proposed Center for Interfacial En-
gineering (CIE), which will study how materials react
with each other. The grant, to be distributed over the
next five years, will be matched by state and corporate
funds to total $27 million. Scientists from DuPont,
Eastman Kodak, 3M, Hercules, Medtronic, Monsanto
and Union Carbide will work with UM professors at the
CIE. A master's degree in interfacial engineering at the
university will also be offered. There are 14 NSF en-
gineering research centers in the United States. The U.
of North Carolina, Texas A&M U. and the U. of Wiscon-
sin were the other three selections from a pool of 48
institutions. mLisa Harden, The Minnesota
Daily, U. of Minnesota, Twin Cities
U..
Phone company awards computers
... As part of a national program to help colleges and
universities expand their computer programs, AT&T has
given more than 30 computer terminals worth $345,000
to Fort Hays State U., Kan. The computers will be used
by the mathematics department. "It gives us a major
step forward in achieving our goal of the electrification
of campus," Fort Hays State U. President Edward Ham-
mond said. The corporation invited 75 schools in the
United States to submit proposals for the grant. Based
on the proposals, it awarded grants to 46 schools. Fort
Hays State U. is the third school in Kansas to receive
such a grant. Juno Ogle, The University
Leader, Fort Hays State U., KS
Grant may change classes ... A Hewlett-
Packard grant to the school of business at California
Polytechnic State U., San Luis Obispo, may drastically
change the way computer business classes are taught,
according to the associate dean of the college. The grant
consists of nine computers, including two minicompu-
ters designed to connect existing computer terminals,
Associate Dean Ken Riener said. "The new computers
will allow teachers to make assignments directly into a
terminal in their office. Students will be able to log in
and get these assignments directly off their computer
terminals," Riener said. The computer donation
amounts to $250,000 worth of hardware. The school of
business will have to purchase $40,000 worth of soft-
ware. LindaFritsch, Mustang Daily, Cali-
fornia Polytechnic State U., San Luis
Obispo
.NE
Fund-raising campaign nears goal
... A $100,000 grant from Texas Instruments has
pushed the total amount received for a fund-raising
campaign sponsored by the college of engineering to
$10 million at U. of Tennessee, Knoxville (UT). The
campaign, called "Bridge to the Future," is dedicated to
raising $12 million from corporations and other indi-
viduals in the private sector. The fund will be used as
scholarships for outstanding engineering students, UT
Chancellor Jack Reese said. A former senior vice presi-
dent at Texas Instruments is a UT alumnus who recently
retired from the company. More than 160 UT graduates
are employed by Texas Instruments. Kate
McConnell, The Daily Beacon, U. of Ten-
nessee, Knoxville
U..
AIDS Dementia Centers will open ...
The U. of North Carolina, Chapel Hill's school of medi-
cine has received a $3.5 million grant from the National
Institute of Health (NIH) for one of five new AIDS
Dementia Centers in the United States. The grant, which
will cover three years of research, is divided into three
projects and involves several departments, according to
Dr. Colin Hall, professor of neurology. Also selected by
NIH to participate in AIDS research are Johns Hopkins
U., Mary., U. of Maryland, U. of Miami, Fla., and
Memorial Sloan-Kettering Cancer Center. Lynn
Ainsworth, The Daily Tar Heel, U. of
North Carolina, Chapel Hill
Congratulates
the
TEN FINALISTS
in the
College Journalist
of the Year Award
Sponsored by American Express
Presented by CMA/ACP
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Licensing
Continued From Page 16
determine if the dispute will go to trial.
The school's suit claims the company
is infringing on the UNC trademark by
selling articles with UNC logos on them.
If the summary judgment validates
eitherparty's claim that the other's case
is unfounded, the suit won't go to trial.
A UNC official declined comment.
Johnny T-shirt co-owner Chuck Help-
ingstone said the Umstead Act will play
an important role in the case. The act
prevents departments and agencies of
the state from being involved in the ex-
change or sale of goods. "There's no
reason for us to go to trial without an
understanding of what the judge's deci-
sion will be on this law," he said.
Defenders
Continued From Page 16
admission to pharmacy school but re-
ceived an 'F.' He turned to Student De-
fenders.
Reisman spent more than 100 hours
researching the case and writing briefs.
He also helped the student pay typing,
copying and filing costs.
The case ended in Memphis State's
highest court, the Student Grade
Appeals Commission. "I thought we
were going to lose the whole time," Reis-
man said. "I kept going to see how far we
could go."
After two and a half months, Reis-
man's efforts paid off: the commission
found in favor of the student and the
professor changed the grade to a W.
Wake Forest University
... a different school of thought.
Name
Lynn Childs
Mark Fischenich
Deron L. Johnson
Anne Kevlin
Judy L. Lundstrom
Kevin James Messick
Jeff D. Opdyke
Margaret Taormina
David P. Willis Jr.
Noel K. Wilson
Newspaper
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U. of Iowa
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Louisiana State U.
California State U., Los Angeles
Rutgers U., NJ
U. of California, Davis
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