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February 16, 1994 - Image 11

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Text
Publication:
The Michigan Daily, 1994-02-16

Disclaimer: Computer generated plain text may have errors. Read more about this.

11- The Michigan Daily - Wednesday, February 16, 1994

iMore skiing gold
for United States
LILLEHAMMER, Norway (AP) -- Two races, two
gold medals, two surprising winners. The U.S. ski team is
turning a lack of respect into a lode of medals.
The revived skiers collected their second gold in as
many races yesterday with another unlikely medalist --
Diann Roffe-Steinrotter.
The skier, the "old timer" of the women's team at 26,
picked up her Super-G gold on a day when the grande
dame of the Olympics scored a bronze. Finland's 38-year-
old Marja-Liisa Kirvesniemi, competing in her record-
tying sixth Olympics, finished third in cross-country
skiing.
Defending gold medalist Donna Weinbrecht qualified
for the finals in mogul skiing, while U.S. luger Cammy
Myler skidded out of medal contention. And skater Tonya
Harding began her long trip to Lillehammer.
The Americans' ski slope gold rush could continue
Stoday when defending moguls gold medalist Weinbrecht
and U.S. teammate Liz McIntyre compete.
Both qualified yesterday for the finals, with McIntyre
posting the highest score of the 16 qualifiers.
The U.S. hockey team still hasn't won. The Americans
tied Slovakia 3-3, following the same script as their first
game: a third-period comeback fueled by two late goals.
It marked the first time since 1984 that the U.S. failed
to win of its first two games. The 1984 team finished
seventh after opening with two losses.
*l The medal-hungry U.S. hockey team, which struggled
to tie lightweight France (0-1-1), faced a tougher task
yesterday in Slovakia but wound up with the same result.
Goals just 90 seconds apart by Peter Ciavaglia and John
Lilley - the second with four minutes left - turned a
two-goal deficit into a 3-3 tie against Slovakia (0-0-2).
"I'm very proud that we've come back from a two-
goal deficit in two consecutive games," U.S. coach Tim
Taylor said. "It shows we have a lot of heart. What we
have to work on is not getting ourselves in that position."
The U.S. (0-0-2) faces two top teams - Canada and
Sweden this week. The Swedes (1-0-1) defeated Italy (0-
2), 4-1. Canada (2-0-0) beat France, 3-1, later yesterday.

COACHES
Continued from page 11
Ron Cooper, coach of the Eastern
Michigan's football team, and Peter
Neilson, whose claim to fame is his
three "Mr. Olympia" titles.
The event was a fundraiser for ter-
minally-ill children in the University's
MottChildren's Hospital. All tips given
to the celebrity waitstaff were to be
given to the hospital, as well as all the
tips from the regular waiters and wait-
resses and 15 percent of the total pro-
ceedings from the evening.
Cottage Inn Cafe general manager
Susanne Fellows said the coaches were
asked to participate by the restaurant
and the hospital. This year's event
marked the third year in a row that the
coaches gave their time and energy to
help Mott Children's Hospital.
"The guests think it's just won-
derful," Fellows said. "This is the
third time they've done it and we're
really grateful they're here."
Fellows said this year's fundraiser
brought in about $5,000 for the cause.
Berenson said he was happy to
participate.
"There are really strong ties with
Cottage Inn, with the U-M and with
the hospital," he said. "This has been
a great experience for me."
Chmiel agreed with Berenson,
emphasizing that having the event
annually made it more enjoyable for
everyone involved.
"It was a lot of fun," Chmiel said.
"A lot of people remembered us from
the last couple years."
"We're in a great place (here at the
University)," he added. "Mott is a great
place, and any time we can get a9chance
to do something for them it's an honor."

AP PHOTO
United States hockey player Ted Drury is tripped up in the Americans' game against the Slovaks yesterday. The game ended in a 3-3 tie.
The United States, which is now 0-0-2 in the Olympics, plays Canada Thursday.

Michigan students start NCAA stock market game

El U

By CHAD A. SAFRAN
DAILY BASKETBALL WRITER
Fantasy sports leagues have be-
come a big business in the United ,
Wtates over the past several years.
The stock market has been big
business for over 100 years.
What would happen if the two
were combined?
That is what two Michigan stu-
dents are trying to discover for them-
selves. Under the name Sports Mar-
kets Inc., Simon Reeves, 22, and Boaz
Weinstein, 20, have created the first
*annual College Basketball Stock
Market Challenge - a contest in
which participants will have the op-
portunity to buy shares of particular
college hoop teams in the NCAA tour-
nament and win cash prizes.
However, what makes this com-
petition different from most March
Madness contests is that it will be run
through Internet, the worldwide com-
]puter network that has 25 million us-
ers worldwide and which is growing
at the rate of200,000 users per month.
Most college students, including those
at Michigan, can connect to the sys-
tem at their universities' computing
centers, as can modem owners.
"When you combine trends, you get
a smashing success," Weinstein said.
The game is based on the Iowa
Market, with which Weinstein be-
*Wame involved while working at
Goldman Sachs, an investment firm
in New York, two summers ago. In
1992, a group of professors at Iowa
created a game in which people could
buy shares of the presidential candi-
dates. The activity and price of each
share reflected confidence in Bush,
Clinton or Perot. The Market came

within .2 percentage points of pre-
dicting the exact percentage of the
popular vote for President Clinton.
Anyone will be able to enter this
contest, provided they have Internet,
for a student fee of $39.95 and $59.95
for all others (prices go up $10 after
March 2). Over 200 prizes will be
offered, with the champion winning
$25,000.
The duo, both LSA Honors stu-
dents, concocted the plan last Octo-
ber in the Business School lounge
while discussing project ideas for an
entrepreneurial class. They then in-
corporated the business last Novem-
ber with the state of Michigan. After
raising money from Wall Street in-
vestors, Reeves and Weinstein were
on their way, with a little additional
help.
"Our parents are allowing us to
use our tuition money," said Reeves,
a senior who is not taking classes

winter term.
The game works like this: aplayer
is given an imaginary $100,000 to put
on teams in the field of 64 and bids are
then made, beginning March 14, on
either individual teams to win games
or the entire championship.
For example, if Michigan was
playing Florida in the opening round,
someone could bid $50 per share for
however many shares they desire on
the WolverinesThen, during the con-
test, that person could sell those shares
to other interested investors who are
willing to pay more or less than you
did for the Wolverines. Should Michi-
gan defeat the Gators, the share prices
automatically rise to $100, if you are
only picking individual games. You
then have the opportunity to buy shares
of the Wolverines again for their sec-
ond-round match up.
Reeves and Weinstein, working at
least 16 hours per day on their busi-

ness, have established a toll-free num-
ber, 1-800-592-PLAY, that people
wishing to play can enter just by giv-
ing the operator a major credit card.
Entrants will receive a trader's
manual with explanations, an account
name and a password. Weinstein, a
junior, said that he and Reeves, who
have known each other since junior
high, are planning on hiring approxi-
mately 100 people to handle what
they hope will be an onslaught of
calls. They expect about 20,000 en-
tries.
The contest will be just the begin-
ning for the pair. If all goes well with
this initial business venture, Reeves
and Weinstein will be expanding into
the NBA postseason and this
summer's soccer World Cup.
"I've always wanted to be respon-
sible for my own fate," Reeves said.

Department of Recreational
Sports
INTRAMURAL
SPORTS PRGRAM

MINI-SOCCER
Entries Taken: Tuesday 3/1
(Instant Scheduling)
11:00 a.m. 4:30 p.m.
IMSB Main Lobby
Play Begins: Thursday 3/3
For Additional Information Contact IMSB 763-3562

U

S TUD #NiS!
Work part-time while attending school. Cook
positions available - flexible hours. Waitstaff
positions available for lunch shifts. Experience
preferred, but not necessary! Cottage Inn is a
full-service restaurant conveniently located
within walking distance of the U of M campus.
Apply Mon. - Sat. between 2 pm and 5 pm at
Cottage Inn, 512 E. William, Ann Arbor, MI.

-----------

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A New Ice
Labatt Ice Beer
with some of Ann Arbor's be
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to judge w

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in cold cash.
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Age Is Coming To Ann Arbor
is hosting an ice carving competition
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So Come Chill Out and Get "Iced" at:
SCOREKEEPERS
310 Maynard
Wednesday, February 16th
Starting at 4:00 p.m.

9

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