NEWS
The Michigan Daily - Wednesday, October 27, 2004 - 7
VENTURE
Continued from page 1.
As the fund searches for new invest-
ment ideas, it tries to look at companies
that are built around technology being
developed in Ann Arbor and through
University research.
"There is a ton of technology in our
backyard in Ann Arbor and at the Uni-
versity," Pandjiris said. "We can be a
gatekeeper for that technology."
Between 1998 and 2001, the Fund
invested a total of $250,000 in Intra-
Lase - an investment that returned
$1 million to the Fund after it sold its
stake at $13 a share in the IPO. After
being publicly traded for less than three
weeks, IntraLase's share price has
4 approached $19.
Of the other 10 companies the fund
has invested in, two were acquired by
other companies for less than the amount
the fund put in, Faley said. Four of the
companies folded and four companies
remain in the fund's portfolio.
TASK FORCE
Continued from page 1.
rights at the University might be lost if
regents pushing the issue lose their seat in
the upcoming election. Two Democratic
regents, Olivia Maynard and S. Martin
Taylor, are up for re-election.
Even with reassurance about same-
sex benefits, those present at the meet-
ing expressed their dissatisfaction with
Coleman's lack of a public statement
expressing her support for faculty and
staff that may be affected by Proposal
2. Coleman has sent an internal e-mail
to faculty and staff promising to defend
the University's current provisions for
partner benefits.
"I am disappointed that President Cole-
man has not taken a public stand on trans-
The Fund's initial investments in com-
panies are usually between $50,000 and
$100,000, which is a relatively small
amount compared to the sums other ven-
ture funds invest, Pandjiris said.
"The real value the Wolverine Venture
Fund brings is that for entrepreneurs, we
are sort of the first stop. Obviously, capi-
tal isn't the main thing we are bringing
to the table," he said. "We have close
relationships with venture capitalists in
Ann Arbor and on the East Coast.
"We can work with entrepreneurs and
help them with their business plans and
prepare them to meet with other venture
capitalists," he added.
Formed in 1997, IntraLase used to
be based in Ann Arbor before mov-
ing to Irvine, Calif. The company
operates in the health care sector,
developing and marketing an ultra-
fast laser used in the first step of
LASIK eye surgery. This technol-
ogy was partly developed through 20
years of research by the University on
ultra-fast lasers.
gender issues," said English Prof. Martha
Vicinus, a member of the TBLG task
force. She continued by saying that there
is a difference in impact between internal
e-mails and a public press statement.
Courant stressed that the Univer-
sity was taking steps to implement the
recommendations, but that they would
take a certain amount of time, partially
due to future implications from current
political issues and elections.
A time line handed out at the event
shows further studies ahead, culminat-
ing in progress reports in spring 2005.
Another development is expected to
begin later this year, when the adminis-
trators will start work on changing the
regents' bylaws to "provide non-discrim-
ination and equal opportunity for all per-
sons regardless of gender identity."
SAPAC
Continued from page 1
I was incredibly lucky because I was
believed - people didn't think I was
lying," Terwilliger said.
She added that it was later discov-
ered that this same boy had raped
seven other girls. Because she was the
first one to come out, she said she felt
that she had to be strong for the other
girls who were victimized.
But although she played the part
of publicly coming to terms with the
assault, she said that inside she initially
believed on some level that it was her
fault, and she could not completely rec-
oncile it.
"I thought, 'On the (one-year) anni-
versary I will send out an e-mail to
all of the powerful women I know,
DEBATE
Continued from page 1.
didn'thave a problem with Microsoft found-
er Bill Gates' astronomical net wealth, for
example, so long as it was earned. "If you
want equality, I suggest you get a visa and
move somewhere else," he said.
Wolkinson acknowledged the presi-
dent's tax cuts were disproportionately
in favor of those who produce high
incomes, but maintained such tax cuts
help the economy grow.
Ruth argued the Democratic position,
saying "the tax policy is very detrimental
to any sense of equity." Noting the drop in
middle-class incomes on the president's
watch, Ruth said, "Bush's fiscal and eco-
nomic policies have been a discrete kind
of tax on the middle class."
Higher education became another focus
of the debate after it was noted that college
costs have risen dramatically in the last
four years. Tanniru took a pointed stance,
alleging that high-quality university edu-
and thank them for being strong.' (I
wanted to) say something meaning-
ful about my experience as a survivor.
But the first year I couldn't do it, the
second year I couldn't do it - and I
just thought to myself, why can't I do
this?" she said tearfully.
On the third anniversary of the rape
she said she was finally able to come to
terms with her assault and send out the
e-mail, which for her was validation
that she no longer viewed the incident
as her fault.
She added that although the act of
being raped was not her choice, she
did make the choice to turn it into
something positive. "Because I was
able to heal in a certain way, it was a
choice where I can feel empowered,"
Terwilliger said.
She added that she even wants her
cation is only available to the wealthiest of
Americans. Ruth agreed, saying, "It is not
efficient or sustainable to educate only the
upper echelon of society."
Moylan was the only representative to
take a strong stance against affirmative
action, arguing that it violates Ameri-
cans' 14th Amendment rights to equal
protection under the law. He called
affirmative action a "cosmetic patch for
problems of race in this country."
When asked about the administra-
tion's energy policies, Susan Fawcett,
co-chair of the University Student
Greens, replied "We need to get away
from oil." She emphasized the need
to invest in alternative energy tech-
nologies like solar and wind power.
On the subject of third party candidates,
Fawcett maintained their vital impor-
tance, alluding to the pressure they put on
the dominant parties. Ruth responded by
noting independent candidates have made
helpful contributions to the political pro-
cess, but said important social programs
children to know about the anniversary
of her assault on Nov. 25. She wants the
date to be a family celebration in her
own household, where they can recog-
nize that their mother was able to over-
come the tragedy of being assaulted.
At the closing of the event, SAPAC's
Education Coordinator Charnessa Paige
instructed the audience to gather togeth-
er in a circle to pass a candle. She said
the candle stood as a remembrance for
those victims of sexual assault who were
not present at the Speak Out to tell their
stories, or those who were there but not
yet ready to do so.
"(Sexual assault) affects so many
people. It affects how they see the
world for the rest of their lives. If they
don't have the necessary support, they
may never be able to deal" with sexual
assault, Paige said.
such as welfare and Social Security origi-
nated in the Democratic Party.
Rackham student SmitKrishnaswamy,
who participated in the debate as campus
coordinator for Students for Nader, dis-
agreed. "Why, then, has the Democratic
Party worked so hard to keep us off the
ballot in every state?" she asked.
Sudhaunshu Kulkarni, an LSA junior
studying economics, said he enjoyed the
debate, but felt the representatives' ideas
about fiscal issues were flawed.
LSA sophomore John Stiglich, who
was in attendance, said he thought
Moylan gave the best performance. He
said Moylan "gave the sharpest answers
and grasped the issues better." Stiglich
said he thought the debaters failed to
address U.S. intelligence failures lead-
ing up to the Iraq war. "They totally
missed the boat," he said.
Debaters were given one minute to
respond to questions, followed by 30 sec-
ond rebuttals. Debaters were unaware of
their list of questions beforehand.
FASTING
Continued from page 1
pelling them to appreciate the simpler
things and allowing them to understand
Muslims' devotions to their faith.
Having to forgo her Diet Coke, LSA
senior Kelly Holden said setting aside
her staple soft drink was hard to bear,
but the cause was worth it and reminded
her that others have made sacrifices for
her. She also said the experience opened
her eyes to the perspective of Muslims
who will fast for the month, which start-
ed Oct. 15 and ends Nov. 14.
"If I were doing this as a way to wor-
ship my faith, I wouldn't think of it as
starvation. I wouldn't think about food
because it's about your faith, and the
difficulty of fasting allows you to show
that faith," she said.
Realizing that fasting does not equate
to starvation was a key message of the
event, LSA freshman Rashad Albeiruti
said. Just like non-Muslim students fast-
ing for charity, Muslim students have
the same motivation when fasting for
their faith, he said.
"Fasting is much more than about not
eating food. It's a form of discipline, a
spirituality, a type of mentality. ... You
often hear about that, but here (non-
Muslims) can experience it and have
that appreciation," Albeiruti said.
But it's not just the fast that com-
memorates Ramadan - it's also the
feast. Assembling both Muslim and
non-Muslim, Khader said perhaps the
greatest facet of Fast-A-Thon comes
from how people of different ethnic
and religious groups can gather and
dine together.
"It's an honor to have others come and
it brings a sense of community," she said.
The Michigan Daily and the South
Asian Awareness Network co-spon-
sored the event.
the michigan daily
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