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October 20, 2005 - Image 3

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Publication:
The Michigan Daily, 2005-10-20

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NEWS

The Michigan Daily - Thursday, October 20, 2005 - 3A

ON CAMPUS
0 WMD inspector to
speak on nuclear
nonproliferation
Former U.S. weapons inspector
David Kay, a leader in the search for
weapons of mass destruction in Iraq,
will deliver the annual Harold Jacob-
son Lecture today at 3 p.m. at Rack-
ham Auditorium.
Kay's speech, titled "What is the
Future of Non-Proliferation," will
discuss ways in which nations can
be prevented from obtaining nuclear
weapons.
Sociologist to
discuss Japanese
cinema and anime
Toshiya Ueno, a teacher at Wako
University in Tokyo, will speak about
Japanese cinema and anime today at
noon in room 1636 of the School of
Social Work Building.
Ueno will speak specifically about
the style of film known as "A-national
movies" and the idea of singularity of
modernity and sub and pop cultures
in Japan.
Genetic imagery
artist to speak at
Michigan Theater
Suzanne Anker, a visual artist and
theorist working with genetic imagery,
will speak today at 5 p.m. at the Michi-
gan Theater as part of the Penny W.
Stamps Distinguished Visitors Series,
sponsored by the School of Art and
Design.
Anker's work has been featured at
many museums around the country,
including the Smithsonian. She is co-
author of the book "Molecular Gaze:
Art in the Genetic Age."
CRIME
NOTES
DPS officer tears
pants in pursuit of
unruly fan
A fan at Saturday's Penn State foot-
ball game threw full, open water bottles
at ROTC students, the Department of
Public Safety reported. While scaling
the wall to apprehend the disorderly
fan,,a DPS officer tore the knee out of
his uniform. The subject was cited for
throwing projectiles in the stadium.
* Digital camera
stolen from South
Quad director
The resident director of South Quad's
digital camera was stolen from her
office Monday night between 6 and 7
p.m, DPS reported. She also stated the
room was locked and only two staff
members and facilities management are

given keys to the room. There are no
suspects at this time.
Student reports
identity theft
During a six-month period, a student
reported finding her mail already opened
and not receiving important mail, DPS
said. The student said she now suspects
that she is a victim of identity theft. The
student said among these missing items
were her Social Security number verifi-
cation and a statement from a credit card
company. Her suspicion was heightened
when she checked her credit report in 2005
and found an account opened in her name
from the Bank of Marin. The account had
a $200 credit limit with a balance of $300.
DPS said the case is under investigation.
THIS DAY
In Daily History
'U,' grad students
clash over labor
contract

State may use tobacco money for job effort

LANSING (AP) - The state Senate
yesterday approved selling part of the
state's tobacco settlement to gain $1 bil-
lion to invest in up-and-coming indus-
tries that may provide Michigan the jobs
it sorely needs.
The Senate voted 34-4 to sell about
one-third of the state's future tobacco
settlement, money that tobacco compa-
nies are paying to end a string of law-
suits involving health care costs for sick
smokers.
The $1 billion would be used to help
broaden Michigan's economy beyond its
heavy reliance on traditional manufac-
turing. A portion of the money would be
invest in life sciences, advanced auto-
motive manufacturing, homeland secu-
rity, defense technology and alternative
energy. At least $240 million over five
years would go to grants and loans for
life sciences.
Because the Senate made changes to
the legislation, it now heads back to the
House, which first proposed the plan in
the summer and approved it last month.
The Senate's vote moves the economic
stimulus package closer to the desk of
Democratic Gov. Jennifer Granholm,
who supports it.
"We're taking a major step forward in
recognizing that Michigan's economic
and jobs future is going to look very
different from our economic past," said
Senate Majority Leader Ken Sikkema
(R-Wyoming).
Sen. Mark Schauer (D-Battle Creek)
said current headlines about Delphi
Corp.'s bankruptcy, General Motors
Corp.'s financial struggles andother bad
economic news show why the state must
act quickly. ,
"Michigan's recent economic strug-
gles demonstrate the danger of putting
all our eggs in one basket," he said.
Known as securitization, the sale
of a portion of the tobacco settlement
would provide a lump sum rather than

payments spread out over many years.
The state could get about 56 cents for
every $1 sold from the tobacco settle-
ment, according to the nonpartisan Sen-
ate Fiscal Agency. Much of the tobacco
settlement currently goes to the Michi-
gan Merit Award Scholarship for col-
lege-bound high school students and for
health benefits for poor residents.
The nine-bill package would create
the 21st Century Jobs Trust Fund. Two
boards, mostly appointed by the gov-
ernor, would award grants and loans to
so-called "competitive-edge" business-
es and make venture capital and private
equity investments.
One bill would create a life sci-
ences pipeline aimed at building a
network of tech-based companies
that can work together on a product
from start to finish. Another would
reduce fees on businesses selling
stock.
While the legislation received
mostly bipartisan support in the
GOP-controlled Senate, four Repub-
licans voted against it.
"We are better served by remov-
ing the obstacles to job creation than
by trying to engineer a giant pro-
gram where government pretends to
know more than the market," said
Sen. Laura Toy (R-Livonia). She
also argued that voters should decide
whether to go ahead with the plan.
Some critics have complained that
the legislation, by allowing for direct
state investments in private equities,
violates the spirit of a long-standing
constitutional ban on such invest-
ments.
But Granholm and most lawmak-
ers disagree.
Granholm applauded the Sen-j
ate for passing the securitization
plan and urged the House to pass itI
quickly. Granholm spokeswoman1
Liz Boyd said the $1 billion could be

The state Senate yesterday approved selling part of the state's tobacco settlement to gain $1 billion to invest in
up-and-coming industries that may provide Michigan the jobs It sorely needs.

used to leverage another $1 billion in
private investment.
Jason Brewer, a spokesman for
Republican House Speaker Craig
DeRoche of Novi, said it was too
early to say when the House could

vote on the plan. He cautioned that
House Republicans think the plan
must be accompanied by legislation
cutting business taxes.
"We view the issues as one and
the same," Brewer said. "We can't

invest in the future without chang-
ing our tax code to make Michigan
a more competitive state in which to
do business."
The Senate could vote on business
tax legislation next week.

Mich community college to get federal grant

WASHINGTON (AP) -Roughly $125 million in grants is being
awarded to 70 community colleges around the country to bolster
job-training, including one in southwest Michigan.
Southwestern Michigan College received $634,677 to help train
workers in advanced manufacturing.
The initiative announced by the Labor Department yesterday
sprang from President's Bush 2004 State of the Union address. It is
designed to help workers and jobseekers obtain the necessary skills
to keep up with a dynamic labor market.
Given the devastation wrought by hurricanes Katrina and Rita,
the department said it gave a preference to community colleges in

the Southeast and along the Gulf Coast that filed applications for
a slice of the grant money. The department said training programs
in the ravaged areas will be an important component to getting the
regional economy back on its feet.
"These grants will help the economic redevelopment of this
region by building the pool of skilled workers necessary to attract
new industries," said Labor Secretary Elaine Chao.
Bruised by Katrina, the economy lost 35,000 jobs in September,
the first nationwide decline in payrolls in two years. The unemploy-
ment rate climbed to 5.1 percent, from a four-year low of 4.9 percent
in August.

The grants aim to support training programs for high-growth
industries, including health care, construction, certain types of man-
ufacturing and energy.
Besides Michigan, the grants will fund training programs in
39 other states. They are: Alabama, Alaska, Arizona, Arkansas,
California, Colorado, Connecticut, Florida, Georgia, Iowa, Idaho,
Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Maryland,
Maine, Minnesota, Mississippi, Missouri, Montana, North Carolina
North Dakota, Nebraska, New Hampshire, New Jersey, New York,
Ohio, Oregon, Rhode Island, South Carolina, Tennessee ,Texas, Vir-
ginia, Washington, Wisconsin, West Virginia and Wyoming.

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