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February 13, 1992 - Image 7

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The Michigan Daily, 1992-02-13

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The Michigan Daily - Thursday, February 13, 1992- Page 7
New proposal will suspend licenses for MIPs

by Chastity Wilson
Daily Staff Reporter
Minors who are caught with al-
cohol and issued a Minor In Posses-
sion of alcohol (MIP) ticket may
see their driver's license suspended
for at least 90 days and receive a
$100 to $500 fine, under a bill that
has passed the state Senate and is
now on the House floor.
The bill was introduced last
February by Sens. James Barcia (D-
Bay City), Jack Welborn (R-Kala-
* mazoo), Joe Conroy (D-Flint) and
Arthur Miller (D-Warren).

State Rop. Perry Bullard (D-
Ann Arbor) has been lobbying
against the bill, said David Cahill,
legal counsel for Bullard's House
Judiciary Committee. "The main
point of the bill package is to show
how terrible young people are and
how tough the liquor lobby is by us-
ing unusual methods," Cahill said.
The bill also stipulates that any-
one who furnishes liquor to minors
will be fined $500, with the possi-
bility of jail time, he said.
The Michigan Collegiate Coali-
tion (MCC), a statewide student

lobbying organization of public
universities in Michigan, is also
against the bill. Guy Clark, chair of
MCC, said the bill would
"disproportionately affect and pe-
nalize college students" and sus-
pend their licenses for committing a
crime that is totally unrelated to
driving.
Also, the bill redefined who
would be penalized to include mi-
nors who just attempt to purchase
or possess alcohol, he said.
Proponents of the bill argue that
the current penalty for MIPs isn't

effective and suspension of driver's
licenses is a "good deterrent" for
minors who not only possess alco-
hol, but try to purchase it, said
Mark Saloger, legislative assistant
to Barcia.
The bill would supersede the
present penalty for MINs which is a
$25 fine for the first offense, $50
for the second and $100 for the
third.
Some students say not only that
this bill is unfair, but that the pre-
sent 21-and-over drinking age law is
also unnecessary.
LSA junior Jonathan Marx said,

"I'm against the 21-year-old drink-
ing age to start with ... any time the
majority of the population is break-
ing the law, then it's not a good law.
And with the new fraternity BYOB
policy, I don't think it's going to
change anyone's behavior at all."
Bruce Namerow, Interfraternity
Council president, said,
"Fraternities would be safe should
the bill be passed, but the problems
would be with those who bring beer
to the parties."
He added, "The consequences
seem too harsh ... it concerns me

that high school students get their
hands on alcohol, but we are respon-
sible, mature individuals who don't
need this kind of law."
LSA junior Teresa Janevic said if
the bill passed, "minors would be
more careful about drinking in pub-
lic, but students would still take
chances in order to drink."
Amendments to the bill have
been filed, but it is not presently
scheduled for debate. The bill,
which is in its second reading in the
House, has not been scheduled for
voting either.

'U' students vie for play money in nat'l collegiate sto

by Alan Susser.
As of Wall Street's closing bell Fri-
day, the University moved into the No. 1
spot in the nation in the Fourth Annual
-AT&T Collegiate Investment Challenge.
But more recently the University has
slipped to. second place, behind the Univer-
sity of South Carolina - Coastal.
The competition, created by Wall
Street Portfolios, a company in conjunc-
tion with AT&T, allows competitors in
three categories - high school, college,
and educators - to "invest" with a fic-
tional account worth $500,000.
These investors began to build stock
portfolios Nov. 1 equipped with "all of
the tools needed to simulate real stock
trading" and an AT&T toll-free number
which allows them to buy, sell, or sell

short, as described in a statement. On Feb.
28, the final day of the competition, stock
portfolios will be evaluated and ranked in
order of earnings.
The national rankings are based on the
sum of students' account values divided by
the number of participants at their respec-
tive schools.
"The AT&T Investment Challenge
gives students a hands-on experience to
manage a portfolio," said Lisa Nollet, Di-
rector of Promotion and Public Relations
of Wall Street Portfolios.
Oriano Pagnucci, Public Relations Di-
rector of AT&T, said, "Being involved in
the AT&T Investment Challenge gives
them (students) a better understanding of
how the American economy works."
Pagnucci said the competition will pre-

pare students who may in the future decide
to invest in the stock market.
"They will have had the educational ex-
perience to make a more informed decision
to buy or sell," he said.
Business school junior Russell Anmuth
applied three times to this year's competi-
tion and is currently ranked seventh, 10th,
and 11th.
"It's no big deal, and I don't want to
count my eggs before they hatch," said An-
muth.
LSA first-year student Patrick Whit-
taker, who recently immigrated from Eng-
land, is currently ranked second at the Uni-
versity and 29th nationwide.
After noticing an ad for the competi-
tion in his residence hall, he decided to
compete. "I entered so that I could get a

feel for the U.S. market because before, I
only had a feel for the London market,"
Whittaker said. "I like the realism of it
(the competition) inasmuch as it portrays
what the market is really like."
Whittaker entered the competition pre-
pared. "I went to the library and looked at
past trends. I saw how they (stocks) were
in comparison to the year and time. I also
kept an eye on the news," he said.
"College students are very bright,"
Nollet said. She added, "This competition
takes a lot of work and a lot of commit-
ment."
Tom Kippola graduated from the Uni-
versity in 1990 with a Bachelor of General
Studies and was ranked in the top four
when he competed two years ago. Today, he
is living and working in Ann Arbor and is

ck challenge
the campus promoter for the AT&T In-
vestment Challenge. "I was so impressed
with the game that I asked to promote it
on campus," Kippola said.
Kippola said he was excited by the Uni-
versity's ranking and the 118 participants.
"Having a large number of students en-
rolled in the game makes it an especially
exciting feat to be number one because you
would normally expect a lower ranking
with a greater sample size," he said.
The top 10 collegiate winners will re-
ceive cash awards ranging from $1,000 to
$25,000, flights from Delta Air Lines and
a five-day stay at a resort for the winner
and a guest.
"I just wish my grades were going as
well as my stocks," Whittaker said.

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