NEWS The Michigan Daily - Monday, November 1, 2004 - 7A Students juggle academics and voting Study: Consumers less nervous than expected VOTING Continued from page 1A lines at the end of the day," Coleman's e-mail said. Coleman also addressed University employees, urging supervisors to "encourage and make it possible for all employees to exercise (their right to vote.)" While many students have already voted by absentee bal- lot, many others are registered in Ann Arbor, and on Tues- day they must find spare hours to stand in lines and give their opinions. Art and Design senior Michelle Panars said one of her professors canceled classes to allow students more time to vote. "Professors should definitely give students excused absences to vote if they have no other time to do it," Panars said. , Anthropology Prof. Beverly Strassman sympathized with students who have to schedule time to vote. "I am working in the election, and I know there are certain times when the polls will be crowded. While this will only affect a few students who might have a busy day on Tuesday, I would allow excused absences for vot- ing," she said. Strassman also pointed out that the University adminis- tration has sent out past e-mails encouraging professors to grant students excused absences for other occasions, such as religious holidays. "I was surprised that a similar e-mail did not go out persuading professors to give excused absences for voting. I would have thought they might be treated in a parallel way," she said. University spokeswoman Julie Peterson said the adminis- tration can't make the decision of whether professors should give excused absences to allow students more time to vote. "That is an academic decision, not administrative, and is up to the individual professors," she said. According to Peterson, Coleman's letter specifically addressed University employees because, although most employees will have time to vote before or after work, "many pe>ple that work at the University live in other towns and commute to Ann Arbor, and their schedules may be very tight, especially if they have children. They may need a little flexibility in order to be able to vote. President Cole- man was letting supervisors know that they need to be aware of their employees' needs." Peterson added that students should have plenty of time to vote, as the polls are open from 7 a.m. to 8 p.m. "There are lots of opportunities for students to get out and vote, and I really hope they do," she said. Many students agree, saying that voting is a high priority. "It is really important to vote, especially in this election. I am going to wake up early to make sure I have time to do it." LSA sophomore Jessicca Jarl said. Her friend Ann Hsueh, a Rackham student, said, "There is a polling place in Markley (Residence Hall), which is my resi- dence, so it really won't be that hard to vote." She added that professors should not excuse students from class to vote, say- ing that too many students would abuse the privilege. "Indi- viduals should make time for it, even if they have to wake up early like they are waiting for concert tickets." Hsueh said. LSA junior Boni Wen said since she lives nearby in Ann Arbor, she plans to go home to vote and does not expect to have trouble finding time to do so. Hsueh offered similar remarks, saying, "The city tries to cater to students. They have polling places like the (Michi- gan) Union, which is a central location. With all the acces- sibility, it shouldn't be that hard to vote." Five of Ann Arbor's polling places are located on the University's campus, with polls at the Union and in Bursley, South Quad, East Quad and Markley residence halls. By Koustubh Patwardhan Daily Staff Reporter People may have been more jittery about making big purchases last month, despite signs that the economy is recov- ering. But experts say consumer fears are actually smaller than expected. According to a report released Friday, consumers' confidence in the economy fell last month despite the economy recording growth last quarter. The drop has been attributed to con- cerns about slow job growth as well as rising oil prices. The Index of Consumer Sentiment, released by the University's Surveys of Consumers on the last Friday of every month, was 91.7 in October, down from 94.2 in September. This drop was small- er than expected, experts at the Survey of Consumers said. This month marks the first time that this number has been above 90 for 12 consecutive months after September 11, 2001. Richard Curtin, director of the Uni- versity's Survey of Consumers, said in a written statement that the decline in confidence was small because "the surge in gas prices was nearly over and (con- sumers') apprehensions about future job growth lessened." At the same time, this was the first time in five months that consumers This was the first time in five months that consumers expected the economy to improve in the long term. expected the economy to improve in the long term. "Consumers expected the economy to improve rather than worsen during the year," Curtin said. Economists estimate that real con- sumption spending would rise 3.25 percent during 2005, when adjusted for inflation. Nejat Seyhun, professor at the Ste- phen M. Ross School of Business, said that confidence is falling in the short run because jobs are not being added as quickly as expected and "some sectors are not doing well." He said the economy continues to show some signs of strength, fueled by home buying coupled with low mortgage rates, but added that for the economy to perform well, it needs to add more jobs. Even though consumer confidence slipped in October, gross domestic product - which is the value of all goods and services produced in the United States - grew 3.7 percent in the third quarter, up from 3.3 percent in the second quarter, according to numbers released on Friday. Economics Prof. Benjamin Chabot said GDP growth has been high compared to historical levels. He expects the economy to continue its strong growth, as it has been grow- ing above its historical average for the past seven quarters. The economy has recorded an average 4.3 percent growth rate for the past seven quarters. "The impressive GDP growth isn't reflected in consumer confidence because employment and the stock market have not kept pace with the overall economy," Chabot said. Consumers expected an increase in inflation to 3.1 percent in October from 2.8 percent in September. According to the report, even though increases in energy prices will cause a decrease in spending this holiday season, holiday spending should still increase from the previous year. Chabot said rising gas prices would not impact holiday spending. "In inflation-adjusted dollars, gasoline is much cheaper today than it was in the 1970s and 1980s, and gas makes up a sig- nificantly smaller portion of the current consumer's budget," he said. the michigan daily CMB MANAGEMENT Voted BEST LANDLORD BEST APARTMENTS By Current Magazine Reader's Picks 2004 & 2004 Annual Ann Arbor Guide 22 CAMPUS LOCATIONS Experience the Difference! Family Owned and Managed Apartments and Houses DON'T SETTLE FOR LESS WHEN YOU CAN LIVE WITH THE BEST! Now leasing for May and Fall 2005 741-9300 www.annarborapartments.net RENT ME I'M A GREAT HOUSE! !!2005 Lease!!! ALL HAVE 6 LARGE BEDROOMS! 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