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March 10, 1992 - Image 2

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Publication:
The Michigan Daily, 1992-03-10

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Page 2--The Michigan Daily- Tuesday, March 10, 1992

'U' team grabs first prize in
AT&T investment contest

r

Conservative
Coalition

Independents

Michigan
Moose Party

Progressive
Party ,

I

by Alan Susser
The University recently took first
place in the "AT&T Investment
Challenge" - a competition be-
tween student investors from around
the nation who invest $500,000 of
"play" money into the stock market.
The University's average value
finished at $959,099, a 92 percent
gain over a four-month period, and
$50,000 more than second-place
University of South CarolinaCoastal.
Final standings are based on the
average value of each college's top
15 portfolios.
School of Business
Administration junior Russel
Anmuth entered five portfolios in
the competition, one of which placed
third in the nation. His other four
portfolios placed 9th, 14th, 30th, and
85th.
"This is the most competitive and
exciting thing I've ever done,"
Anmuth said.
He spent between 30 and 40
hours per week researching different
companies and reading the Wall
Street Journal, Investor's Daily, and

local papers - constantly keeping
an eye on the market.
Anmuth said his strategy was to
invest in pharmaceutical companies.
"Wall Street has always loved
medicine," he said.
Anmuth won a two-person, five-
day trip to the Bahamas, $7500 in
'Anybody who wants
to learn about the
market should try this
game.'
- Russel Anmuth
School of Business
Administration junior
cash, calculators, free AT&T phone
calls, and, "the pleasure of seeing
my name in USA Today," which
listed updated standings every week.
LSA first-year student Patrick
Whittaker finished 44th nationally in
the competition.
He said the program was an
exciting and educational experience.
"I learned how the New York

Stock Exchange operates and where
and how to watch for the trends in
the stock market," Whittaker said.
Whittaker also monitored the
news carefully. "If the FDA failed a
drug, then it could have an effect on
all the pharmaceutical companies."
Lisa Nollet, director of
Promotion and Public Relations at
Wall Street Portfolios, said many
students have shown an increased
level of sophistication and knowl-
edge since the program's initiation
four years ago.
She said she is continually im-
pressed with the caliber of students
and mentioned University students
have repeatedly shown an interest in
this program.
Tom Kippola, campus promoter
of the competition, and Anmuth both
cited the program's benefits in giv-
ing students real-world experience.
"It bridges the gap between theory
and reality and gives the student
actual experience," Kippola said.
"Anybody who wants to learn
about the market should try this
game," Anmuth added.

Presidential Candidates Robert Van
Scott Gast Houweling Ede Fox
Vice Presidential Candidates Hunter Van
Beth O'Connor Brian Kight Valkenburgh
Business
Todd BartleyPaul Rvera
Jack Ulrich
Engineerin9 Engineering Engineering Engineering
Colleen Hofmeister J Petrow Ajeet Dhngra Erika Gottfried
Christine Young Andrew Mutch
Law LSA
HarDaelson LSA LSA David Dodge
.A DrJim Dann Am Ellis
Stephanie Acho James Griffin Wendy Hollopeter Amy Kurlansky
Cheryl Barecki rcaMthw
Ry Bek Chuck Kleinheksel James Lowry Ericka Matthews
Ryan Boeskool Douglas Thiese Leah McRae
Nancy EisensteinNaturalResources Chris Thompson Benjamin Sandler
Jonat on Iversen Fred Werner Thomas Shelton
Timoth Morales Medicine Brian Williams
Kre Nchols Jonathan Uy Tobias Zimmerman
Kevin Nowlan Medicine
Dai oelRackham Nancy Afr }
DgNursinw David Willson Rackha
Kristen Clark Colin Leach
School of Art Jon Van Camp
Theresa Culp Leigh Ann Vaughn;
School of Natural Janelle White
Resources School of Art
Douglas Keinath Dorene Red Cloud
ErinEinhorDAILYGRAPH
M SA on the ballot for students to vote for to get out there and get involved,"
a fee to support club sports. she added.
Continued from page 1 "Our position is that we need to Van Houweling described his
couldn't get free legal advice or ad- bring as much to the students as we party's chances as promising. "We
vice about landlords," Fox said. can," Van Houweling said. "We're don't want to give it any sort of par-
The Progressive Party is also just a movement for the students." tisan span because it's not partisan
concerned about student rights, en- The parties' presidential candi- in a national sense," he said. "I
vironmental issues and the dates all said student concerns and think our chances are good. I think
Michigan Union weekend entrance problems were their top priority, the students are ready for a party
policy, LSA Rep. Todd Ochoa said.
Van Houweling said the "I think that we are all fresh that will bring MSA back to them
Michigan Moose Party's goals in- faces and we can bring a lot of en- and their votes.~
elude monthly MSA meetings in ergy to MSA; energy that the con- "I think we have an excellent
the residence halls. In addition, servative party hasn't been able to slate and a wonderful chance of
party members propose full funding give," Fox said, winning," Gast said. "We have stu-
for SLS and AATU by a student fee "I'd really like to see MSA be- dents who are involved in a whole
not controlled by MSA. come a forum for student concerns range of activities across campus
Van Houweling said the party and I think in the past it's been and they'll be bringing their outside
would also like to put a referendum somewhat intimidating for students expertise to work at the assembly."
State court rules that businesses

by Bill

Calvin and Hobbes

\ 4W T GO LOOK AT Tl-kE
TIE Loc< AND %lSp.
A T;'~

MANTS TAE. (GO STEP
I OTS\iI IN~SYE

CA\R (GO?
z1 a
r_ J

by Bill Watterson
NICE

(

PNAOW ..-j
C

J

The Third Annual
Pre-Med
Students'
Sy mposium
"Taking Medicine into the
Twenty-first Century"
Featuring Keynote Speaker:
Dr. Eugene Oliveri, M.D.
Saturday, March 14, 1992
9:00 a.m. - 3:15 p.m.
North Campus Commons
Information and registration forms available at
Career Planning & Placement
3200 Student Activities Building:
Pre-Medical Club Office, 4319 Michigan Union;
or by contacting Alyson Miller 665-4778
Pre-registration by March 9 is strongly encouraged

The
Clark County
School District,
Las Vegas, Nevada
will conduct interviews
for teachers and school
counselors at an urban

site

in DETROIT,

must pay compensation
WASHINGTON (AP) - The The previous year, the state legis tion t
Supreme Court yesterday strength- lature had raised maximum weekly Marcy
ened the power of states to force workers' compensation benefits to Y
businesses to pay previously owed workers injured before 1980. that L
workers' compensation benefits. In 1985 the Michigan Supreme comp
A Michigan law unanimously Court interpreted the 1981 law to the i
upheld by the justices is likely to apply to all disability payments after rights
mean General Motors Corp. and March 1982 - when the law took
Ford Motor Co. must refund $25 effect - even if the injury occurred Ju
million to disabled workers. before the law was passed. writir
Michigan in 1981 passed a law to The ruling allowed the automak- retroa
allow employers to reduce workers' ers to offset compensation benefits the 1
compensation payments by the against other benefits for accidents mean
amounts paid in other employee that occurred before March 1982. jectiv
benefits. The purpose was to prevent But the state legislature in 1987 islatiN
injured workers from receiving more overturned the state court ruling, struc]
benefits than their salary would have passing a law that ordered employers giving
been if they were still working. to pay with interest the compensa- their.

benefits
hey owed for accidents before
h 1982.
esterday the high court upheld
aw, rejecting claims by the auto
anies that the statute violated
contractual and due-process
s.
stice Sandra Day O'Connor,
ng for the court, said, "The
active repayment provision of
1987 statute was a rational
s of meeting this legitimate ob-
e: It preserved the delicate leg-
ve compromise that has been
k by the 1980-1981 laws -
g workers injured before 1982
full benefits."

Symposium
Topics
Medical School
Preparation
Medical
Specialties

-1

Issues in
Medicine

Sponsored By
Pre-Med Club
Career Planning and Placement
LSA Student Government
Michigan Student Assembly

MICHIGAN on APRIL
4, 1992. All applicants
must have BA/BS as a
minimum and must have
completed an approved
teacher education pro-
gram to include the Im-
migration Reform and
Control Act of 1986. Al-
ternative licenses ARE
NOT ACCEPTED! Not
accepting applicants with
single endorsements in
PE, SS, ED or Business.
Call (702) 799-5427 PST
to schedule an interview.
(on March 6, 1992)
EEO/AA Employer

Tuesday
Pitcher Night
Bud Light $4.00
Fosters $5.00
(Underground Only)
9 pm-Close
Live
10- 12 pm
No
sm Cover

LAYOFFS
Continued from page 1
Restructuring involves service
improvements including upgrading
equipment in the Campus
Computing Sites and providing a
few newer microcomputers at some
sites, according to Van Howeling's
message.
"Administrative units like ITD
are probably looking at cuts earlier
than other schools or colleges be-
cause we have a lot of senior staff,"
McClatchey said. She said those

who have worked for the University
more than 10 years need 90 days no-
tice before their employment is
terminated.
The staff restructuring will be
implemented between now and July.
ITD will sponsor open meetings
to provide an overview of the bud-
get, address the reductions and re-
structuring and answer user ques-
tions on March 16 at 9 p.m. at
Chrysler, March 16 at 1 p.m. at
Kellogg Auditorium room G005,
and March 19 at 1 p.m. at Kellogg.

r I

________________________________________________________________________________________ . j..-.... - ___________________________

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M.

NEWS Henry Goldblatt, Managing Editor
EDITORS: David Rheingokd. Bethany Robertson, Steie Vines, Kenneth Walker
STAFF: Laura Addertey, La Barager, Hope Calati, Barry Cohen, Ben Dd, Lauren Dormer, Erin Einhom, Rend. Hudcde, Loreot Les.
Andrew Levy, Robin ULin, Niool. Malenlant, Travis McReynoclds, Josh Mockler, Melissa Poee... Karen Pier, Monar QureeN., Karon
Sabgir' Christopher Scherer, Gwen Shaffer, Purvi Shah, Jenrifer Silverberg, Karen Tataski, David Wartoweki, Chastity Wison.
LIST: David Shepardson
OPINION Yael Citro, Geoff Earle, Amitava Mazumda, Editors
STAFF: Matt Adr, Jenny AlIX, Renee Bushey, Daren Hubbard, David Leitner, Ad Rotenbrg, Dave Rowe, David Shepardeon, Steve
Sina, Daniel Stewart.
SPORTS John Niyo, Managing Editor
EDfTORS: Josh Dubow, Albert Lin, .IeffWiWNas
STAFF: Meg Beson, Andy DoKorte. Kimberly D.Ssmpsiaere, Matthew Dodge, Shawn DuFrene. Jena Durst, Bredt Forrest, Jm Foss
Ryan Herrigton, i e Hit, Bruce Inoendo, Dan "nne, Rod Lowenial, Sharon Lundy Adam Miler *Rch"Mitvalsky, Bernadette
Ramsey, Mike Ranitio, Tim Rardin, Greg Richardson, Chad Satran, Todd Schoenhau, Jeff Sheran, Tim Spolar, Andy Stabile, Ken
Sugiura, Benson Taylor.
ARTS Elizabeth Lenhard, Michael John Wilson, Editors
EDITORS: Mark Binoill (Fim), Diane Frveden (Rne& Performing Arts). Alan J. Hogg, Jr. (Books)JuleKomom (Weekend etc).
Ann~ette Petruso (Muic).
STAFF: Nick Arvin, Greg ase., Margo Baumgart, Skot Beal, Jan Bilk, Andrew J. Cahn, Jonathan Chait, Janie Dahlmann, Richard S.
Davis, Gabriel Felberg, Ros"nne Freed. Forrest Green III, Jessie Halladay. Aaron Hamburger, Stephen Henderson, Jonathan
Higgins, Nima Hoda", Roger Hue., Marie Jacobson. Andrea Kachude, Kristen Knudsen, Chrie Leplsy. Emily Marriott. Jenny McKee,
Kristen McMurphy, Amy Meng. Josh Mitnick, John Morgan, Michelle Philip. Dan Pout, Austin Rapier, Jeff Rosenberg, Chdsilin
Storey, Scott Stering, Alissa Strauss, Sarah Weidman, Josh Worth.
PHOTO Kristoffer Gillette, Kenneth J. Smoller, Editors
STAFF: Brian Cantoni, Anthony M. Croll, Michelle Guy, Doug Kanter, Heather Lowman, Sharon Musher, Suie Paley, Moy Stevens,
Paul Taylor.

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I [ DISPLAY SALES Shannon Buke. Manaz

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