-NATION/ WORLD
The Michigan Daily - Friday, February 4, 2000 -7
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Harvard student wins $1 M on NBC game show
By ictoria C. Haett
Harvard Crimson
CAMBRIDGE, Mass. (U-WIRE) - Har-
d Law School student Rahim Ober-
holtzer became the biggest game show
winner in television history two weeks ago
- but NBC forced him to keep his million-
dollar fortune a secret until Wednesday, the
show's air date.
Over the course of two episodes of the
primetime quiz show "Twenty One," Ober-
holtzer amassed the record sum of $1,120,000.
"It's hard to think that's it's real until you
actually see the check," Oberholtzer said.
Oberholtzer's record-breaking win prompted
fanfare on the episode that aired last night.
"You are the game show king!" host Maury
Povich told him, as blue and white balloons
tumbled around him.
Oberholtzer, who is a third-year law student,
defeated a series of competitors by answering
multiple-choice questions -- with subjects rang-
ing from Chilean dictator Augusto Pinochet to
the hit film Jerry Maguire - and expanded his
winnings from $100,000 to his wallet-bursting
total.
The hardest question, Oberholtzer said, con-
cerned landmarks in Greenwich Village in New
York.
"Since I had never been to Greenwich Vil-
lage, it was difficult," he said.
Oberholtzer plans to spend his winnings on a
variety of causes. "I'm going to use some of it
to help out my family, some of it for paying off
loans, some of it for a scholarship fund I want
to set up. I'm going to take a vacation to
Europe,"he said.
"Twenty One," which airs weekly, is a struc-
tured as a race between two contestants to
accumulate 21 points. Contestants play until
they lose, meaning that prizes in excess of
$1,000,000 are possible.
As he handed Oberholtzer stacks of cash,
Povich asked the student what he would do next.
"I go back (to Harvard) tomorrow morning
for a final exam," Oberholtzer said.
Already, Oberholtzer has become infamous
among his fellow law students. A majority of
those buried in their books last night at
Langdell Library had heard word of the game
show winnings. "It was all the rage (when we
returned from winter break)," said Kristin Van
Vleck, a third-year law student. "I knew he
had won some hundreds of thousands of dol-
lars. So yeah, you could say I'm jealous."
At the urging of her mother, Lisa Dellaquila,
a first-year student, had seen the episode. "She
wanted me to see if I knew who he was," she
said.
Jhe boy is back in town
Mu offers students investment help
INVESTING
Continued from Page 1
good fundamentals of investing."
Warsaw invests on dljdirect.com. Warsaw uses the
Website because it offers options such as extended mar-
ket trading, which allows investors to buy selected
stocks an hour before or after the market opens and clos-
es.
Warsaw said he has learned through MII to look
into investing techniques "most beginners don't
know about," such as using limit orders and stop-
sell options.
Most Websites for investing are easy to access and
join with an online application. On etrade.com,
information including place of employment and
address must be entered. When applicants are fin-
ished, they print it out, sign an account agreement
statement and send it in with a check for at least
$1,000 to begin investing.
Chubb said he started investing by using money that
his father gave him to learn about the stock market.
"He said that if I lost the money then it would teach
me that the stock market is an easy way to lose money,"
Chubb said.
In order to help students minimize losses, Yen said,
MII focuses on how to decipher the confusing informa-
tion found on Websites such as charts and future esti-
mates.
"The downfall of online investing is the amount of
information involved for the college student. In some
ways it hurts them because they can't utilize the infor-
mation," Yen said.
Warsaw said he is so cautious about investing he
puts a stop-sell option on his stocks "so that I don't
lose."
This way, if a stock decreases to the price that he sets,
the computer is programmed to automatically sell that
stock.
"One hundred percent of my money is in the market.
In this market it's hard to lose - as long as you do your
research," Warsaw said.
Despite all of the students involved with online invest-
ments, some still prefer using a stock broker.
"Most online trading sites use prices that are
slightly higher and aren't as competitive. When you
have an experienced broker, it is easier to get a
more competitive price," LSA freshman Rochan
Raichur said.
Chubb said he had a traditional stock broker
before investing online but found the fee to be too
steep. "I went through Prudential and it was any-
where from $50 to $300 a trade and now it's only
$8," he said.
Yen said online investing companies are able to charge
such low prices because they are saving money on cus-
tomer service.
"It's a lot cheaper if you have high volume and low
costs because companies such as E-trade can charge low
commissions," he said.
Democratic presidential hopeful Bill Bradley makes a surprise appearance on
ate Night with Conan O'Brien" Wednesday night.
WT
Bauer to drop out
of presidential race
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didate to cut short his White House
dreams this year, leaving four still
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ing about it," spokesman Tim
Goeglein said. Bauer was announc-
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to him said.
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in President Reagan's White House,
gained some attention in the presi-
dential debates, needling front-run-
ner George W. Bush on abortion
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LOS ANGELES (AP) --- Severs
months after the NAACP threatened
lawsuits and boycotts over the lack of
minorities on TV series, Fox and CBS
became the last major broadcasters to
sign commitments to make the picture
more ethnically diverse.
"This has been a long, arduous
process," Kweisi Mfume, president of
the National Association for the
Advancement of Colored People, said
yesterday. The agreements will bring
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said.
Both Fox and CBS will add execu-
tives in charge of diversity who will
implement and monitor network
efforts, it was announced at separate
news conferences held by the NAACP
and other civil rights groups that took
part in the protest.
The network agreements, much like
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month, focus on changes in minority
representation throughout the compa-
nies - both on-screen and off. Minor-
ity recruitment will be considered in
writers and a Jargely black cast.
CBS promised to increase the num-
ber of development deals with minori-
ty writers, producers and "other talent
for the 2000 fall season and beyond."
Like the Fox agreement, the CBS
pact was virtually devoid of numbers
that might provide measurements of
success. But the network executives
said they were committed to the effort
- and Mfume said biannual evalua-
tions were planned.
"It's not a matter of having come a
long, long way, but of still having a
long way to go," Mfume said.
The end result, Mfume said, should
be creation of television that con-
sumers can feel good about and new
opportunities in the entertainment
industry for men and women of color.
Although most criticism was direct-
ed at the four major broadcast net-
works, Mfume said he hoped cable
channels and other broadcasters would
use the agreements as a basis for self-
examination and change.
The networks opened negotiations
I