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..-.... - ___________________________ The Michigan Daily (ISSN 0745-967) is published Monday through Friday during the Fall and Winter terms by students at the University of Michigan. On-campus subscription rate for fall/winter 91-92 is $30; all other subscriptions via first class U.S. mail, winter semester only, are $80. Subscriptions must be prepaid. The Michigan Daily is a member of the Associated Press and the Associated Collegiate Press. ADDRESS: The Michigan Daily, 420 Maynard Street, Ann Arbor, Michigan 48109-1327. PHONE NUMBERS (All area code 313): News 764-0552; Opinion 747-2814; Arts 763-0379; Sports 747-3336; Circulation 764-0558; Classified advertising 764-0557; Display advertising 764-0554; Billing 764-0550. APERFECT 9 Do you seek: * Exceptional SALES and MARKETING training? * To develop TRULY ESSENTIAL business skills? * An EDGE in today's brutal job market? * An opportunity to earn A LOT of money? Do you have: * A COMMITMENT to excellence? * TENACITY and unshakable SELF-CONFIDENCE? * An aptitude for SALES and ADVERTISING? * A goal to be BETTER than all the rest? BE A SUMMER SALES ASSOCIATE WITH AMERICA'S FASTEST GROWING COLLEGE MARKETING FIRM IA A ----------------------- i r i y{ 7 E #; 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. - - - - - - - - - - -- - - - --------------- -- -- - 1 --m - --- ---- ----- - -- ------------ (9 I [ DISPLAY SALES Shannon Buke. Manaz yr ,I