0 0 4 0 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 4 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 UAA Voice The Minnesota Daily Kansas State Collegian The Daily Iowan Kansas State Collegian Daily Bruin The Daily Reveille University Times The Daily Targum The California Aggie School U. of Alaska, Anchorage U. of Minnesota, Twin Cities Kansas State U. U. of Iowa Kansas State U. U. of California, Los Angeles Louisiana State U. California State U., Los Angeles Rutgers U., NJ U. of California, Davis WAKE FOREST MBA With special emphasis on: . International Business' . Microcomputers .Small class environment . Broad-based management * Experiential learning . Close student-faculty relations .Integrated curriculum The College Journalist of the Year Award and the two run- ners-up prizes will be presented at the CMA /ACP Convention in Atlanta on Oct. 29. The three college journalists in conten- tion for the awards will be notified by Sept. 24. JOURNALIST OF THE YEAR $5000 1st RUNNER UP $1000 2nd RUNNER UP $500 For more information call toll-free: (800) 722-1622 or write: James Garner Ptaszynski, Admissions Director, Wake Forest MBA, 7659 Reynolda Station, Winston-Salem, NC 27109 (919) 761-5422 Administered by U. The National College Newspaper 4