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October 18, 2000 - Image 7

Resource type:
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Publication:
The Michigan Daily, 2000-10-18

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LOCAL/S TATE

The Michigan Daily - Wednesday, October 18, 2000 - 7

Regens tohold
m~eting n Flint
By Jen Fish lion. This figure is an increase of almost
)ailyStaffReporter $1 billion and gives the University the
fourth largest endowment of all public
She University Board of Regents is universities.
cheduled to discuss several financial The University Investment Pool,
flatters at its monthly meeting tomor- which is the asset holding for the Uni-
ow and Friday. versity's construction funds and other
Representatives from the auditing working capital, is valued at $1.55 bil-
irm PricewaterhouseCoopers will pre- lion.

Signs of autumn

;ent the University's financial state-
lnents to the regents.
The meeting is set to begin tomorrow
ifternoon at the University's Flint cam-
>us and will resume Friday morning in
Fleming Administration Building.
niversity Chief Investment Officer
Erik Lundberg plans to present the Uni-.
iersity's annual report of investments
ar Fiscal Year 2000, which ended in
une, to the board. The report reflects an
ilmost unprecedented growth in the
Jniversity's portfolio.
"We have a nice, diversified profile
hat did exceptionally well last year,"
udberg said.
ccording to the report, the market
alue of the University's financial assets
xceeded $5 billion. Included in this are
ndowment funds, which total $3.47 bil-
BushGore

GREENS
Continued from Page 1
The Green Party is an international
party that began in New Zealand dur-
ing the l960s and made its way into
the United States I 0 years ago. The
party stands on four main pillars -
social justice, ecology, non-violence
and grass-roots democracy.
LSA senior Scott Trudeau said the
last pillar is a large reason why, as a
student, he is running for a spot on the
University Board of Regents under the
Green Party platform.
The University community, he said,
"is the students. It is the faculty."
The regents tend to be elected based
solely on partisanship, Trudeau said,
leaving the University with what he
said is false representation.
Most of the regents "are CEOs from
major corporate backgrounds," he
said. "The University is not a corpora-
tion. It is a university, not the Universi-
ty of Michigan Incorporated."
Trudeau said he believes student
representation would remove corporate
influence from the University and give
the community valid representation -
an idea that falls under the Green
Party's grass-roots democratic ideals.
Reichardt applied the idea to the
national level.
"We would prefer the return the U.S.
to what it idealistically was," he said.

'Power in the hands of the people -
not just the people who have the most
money."
The Green Party currently has no
members serving as elected officials in
Michigan - but that may change next
month.
Charlevoix drain commissioner can-
didate Joanne Beemon is running
unopposed, although Republicans are
mounting a write-in campaign.
"We think we've got a pretty good
shot at that one," Reichardt said.
But Reichardt also said Green Party
candidates stand a good chance in
other races around the state, including
the 11th Congressional District in
southern Oakland County. Marilyn
MacDermaid of the Green Party is one
of six challengers secking to unseat
Rep. Joe Knollenberg (R-Bloomfield
Hills).
Nationally, Reichardt said, Green
Party candidates are holding their own
in several races in Maine and Alaska.
"It's an uphill climb," Reichardt said.
No matter how the vote tallies fall,
Reichardt believes there will be a
place in the future for the Green Party.
"I think if things continue to deteri-
orate the way they are today, there will
be a general upsurgence" he said. "We
will reach a point where one of the
parties will fall apart and it's feasible
to think of the Green Party replacing
it.'

"This is an opportunity to put all the
decisions that the regents have made in
context," Chief Financial Officer Robert
Kasdin said, The nearly $I billion
increase in the endowment, he said, is
composed of about "$101 million in
new gifts and the rest reflects good
investment performance."
The regents also will be on hand for
the naming of the David French Build-
ing. French was the Flint campus' first
Chancellor.
"I think for those of us who live in the
Flint area, that's really wonderful,"
Regent Olivia Maynard (D-Goodrich)
said.
Maynard added that the regents will
begin their annual evaluation of Univer-
sity President Lee Bollinger, which will
be held in a closed executive session.
s uabble

AP MOTO
A pedestrian walks along Kearsley Street yesterday on the University's
Flint campus. Many trees in Flint and other areas of the lower peninsula of
Michigan have begun to change color.

duringS. I
.EBATE
Gontinued from Page 1
ashington University represented the
st;, best chance for one man or the
ther to gain the support of a large
ritical bloc of undecided voters.
In a debate that ranged broadly over
ampaign topics, a question about the
eath penalty provided an emotional
noment.
*ush was told by one questioner, a
lack man, that in an earlier debate he
ad seemed proud of the fact that Texas
ad executed more criminals than any
ther state. "I'm not proud of that,"
lush said in soft-spoken reply. "Some
f the hardest moments since I've been
he goovernor of Texas is to deal with
mose cases." Several times he referred
> his questioner as "sir," and several
mes, stressed he wasn't proud, merely

ouSi debate
carrying out his responsibilities as gov-
ernor. In all, Texas has executed 145
inmates since Bush took office in 1995.
The debate began with a moment of
,reflection in memory of Missouri Gov
,Mel Carnahan, killed along with his
son and a campaign aide Monday
night when his small plane went down
in bad weather. Bush and Gore both
bowed their heads and closed their
eyes when moderator Jim Lehrer
asked for a brief period of silence.
With the somber moment over, Gore
seemed eager to carry the fight to his
Republican rival in a debate that per-
mitted members of the audience to ask
questions. The decision to permit
questions from the audience created a
more freewheeling series of exchanges
between Goie and Bush than in their
earlier two debates, and they interrupt-
ed one another at will.

'VIGI L
Continued from Page 1
"We're here tonight simply in com-
memoration of those who've died not
only in the last three weeks but since
the inception of the state of Palestine,"
Zahr said.
Zahr, a member of MSA and the
ADC, then led supporters to Michigan
Student Assembly chambers, where
the assembly was voting on a resolu-
tion that would ask the University to
disclose investments in Israeli compa-
nies.
The vigil marked the fourth public
event held by these three groups since
Sept. 28.
Zaim Bengali, vice president of
the Muslim Students Association,
said he is urging members of his
group to do more to show their sup-
port otf Palestinians in addition to
attending rallies.
"Letters are being sent to represen-
tat ives like Lynn Rivers ( D-Ann
Arbor) and Spence Abraham (R-
Mich.}, as w ell as to (President) Clin-
ton and to (\'ice President) Gore,"
Bengali said.
"We're voicing our concern over the
proposition resolution in the Senate to
cut aide to Palestine and urging our
Senate not to assign the blame on the

Palestinians," he said.
Muslim Students Association Presi-
dent Ahmed Nassar said he believes it
is time for the focus of Palestinian
support events to move beyond the
informational level.
"Funds are being raised for relief,"
Nassar said. "We've raised money for
medical supplies.
In addition to sending letters and
raising money, the Muslim Students
Association held a teach-in last week
to further educate students on both the
Israeli and the Palestinian sides of the
debate.
"At the teach-in we raised upwards
of $500 for Palestinian hospitals in the
West Bank and the Gaza Strip," Nassar
said.
Nassar said he hopes to schedule
future town-hall meetings like the one
held Wednesday at Hillel, for students
on both sides of the issue to sit down
and discuss the crisis in Israel.
Business senior Kevin Berman, who
is .Jewish, did not attend last night's
rally, but said he would also like to see
rational debates between piro-Israel
and pro-Palestinian students.
"Hillel wvants to see how we can
more forward ... toward the goal of
peace:' Berman said. "We want to be
facilitators for a two-sided discussion
on the topic:'

Are yon intrested n
$JbE 3irbI8 I ii1 is now accepting
applications for the position of Account Executive.
The Michigan Daily will give you the
opportunity to gain valuable business
experience in display advertising. As an Account
Executive, you will sell advertising
to local and national businesses, manage your
own account territory, create ad copy and
layout, and earn commission-based pay.
Pick up an application at
The Student Publications Building
420 Maynard, 2nd Floor
or call 764-0662 for more information.
Application Deadline is Monday November 6th

EACTION
ontnued from Page 1
athered last night in the Michiguan
.nion to watch the debate.
"I think young people feel politics
;n't necessarily the route they want to
ake to get things done," Public Policy
raduate student Kate Brady said.
They're not going to the same mecha-
s of government to get things done.
'hey're going elsewhere. The route
iany of my friends took was more
ands on like Americorps ... and the
'eace Corps."
"I think the apathy of young voters
omes from the comfort of the good
conomy, of all the jobs that are avail-
ble," Public Policy student Dana Hop-
ngs said. "I feel young people think
iey don't have to care."
While young people in general may
golitically disengaged, those in the
Jnion last night seemed to be more
iclined to head to the polls next month.
And judging by the cheers and jeers
-om the audience, most of them were
iclined to cast their ballot for Al Gore.
"I just think Gore talked more about
ie issues," said Public Policy senior
nnie Maxwell, who added that it didn't
other her that Gore may have come off
o aggressive.

"I didn't think he was mean. I liked
that things weren't softened by politics.
A lot of time in political discussions the
candidates don't talk freely about what
they support,' Maxwell said.
Before last niuht's face-off, Gore
and his advisers had made much of the
fact that the vice president would not
be as restrained as he was in last
week's debate.
"It was the last opportunity for them
to be on the same stage together, and
Gore needed to outline the important
political differences between the two,"
said communications studies Prof.
Michael Traugott, who watched the
debate from his home. "The general
belief is that the partisans have already
committed so the election will be decid-
ed by a relatively small group in the
middle and they need to know the can-
didates aren't the same.
College Republicans held a gathering
of their own last night at Cottage Inn
restaurant to cheer on their candidate.
"1 think Bush articulated a clear
vision," College Republicans president
Barb Lambert said.
"Particularly, he answered a lot of
questions about taxes. I think he made it
clear he's giving tax cuts to everyone,"
Lambert said. "Overall Bush came
across like a normal, down-home guy."

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