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September 16, 2008 - Image 3

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The Michigan Daily, 2008-09-16

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0 The Michigan Daily - michigandaily.com

NEWS BRIEFS
CHICAGO
Ike to blame for
Midwest flooding
Residents of the Midwest faced
blackouts affecting more than 2
million homes and businesses and
flooded homes yesterday after a
weekend of devastating weather
caused by the remnants of Hurri-
cane Ike.
The violent weather in the Mid-
west, the latest in a brutal sum-
mer that has slammed parts of
the region with severe flooding,
brought Ike's total death toll to
at least 34 in nine states from the
Gulf Coast to the Ohio Valley.
As Ike faded and headed off
toward the northeast, combining
with a weather system that arrived
from the west, it dumped as much
as 6 to 8 inches of rain on parts of
Indiana, Illinois and Missouri. It
spawned a tornado in Arkansas
that damaged several buildings,
and delivered hurricane-force
wind to Ohio, temporarily shut-
ting down Cincinnati's main air-.
port during the weekend. Missouri
had widespread flooding, and high
water on the Mississippi River
was expected to close a riverfront
street later this week in front of St.
Louis' famed Gateway Arch.
BAGHDAD
Gates, commander
disagree over troop
withdrawal in Iraq
Defense Secretary Robert
Gates said yesterday he foresees a
shrinking U.S. combat role in Iraq
in coming months, while the No.
2 U.S. commander here cautioned
that it would be a mistake to push
the U.S.-trained Iraqi army and
police into a leading security role
too soon.
"I'm not sure that pushing them
forward is the right thing that we
want to do. We tried that once
before and found that that didn't
work," Lt. Gen. Lloyd Austin told
reporters, referring to the pre-
2007 U.S. strategy, which focused
on handing off security respon-
sibility to the Iraqis fast while
reducing the U.S. presence. That
approach faltered, leaving Iraq on
the brink of all-out civil war before
President Bush switched strate-
gies and put Gen. David Petraeus
in charge in Baghdad.
Petraeus is scheduled to hand
off on Tuesday to his successor, Lt.
Gen. Ray Odierno.
TBILISI, Georgia
NATO asks Russia
to leave Georgia
Diplomats from every NATO
nation demanded immediate Rus-
sian withdrawal from Georgia in
a show of support from the U.S.
ally's capital on yesterday that
made no promise of faster mem-
bership in the alliance.
NATO Secretary-General Jaap
de Hoop Scheffer led 26 envoys in
calling on Moscow to comply with
a cease-fire deal and withdraw to
positions its forces held before fight-

ing with Georgia erupted Aug. 7.
But the diplomats offered no
positive response to Georgian
President Mikhail Saakashvili's
call to "accelerate" Georgia's inte-
gration into NATO. Saakashvili
said Russia's invasion should not
keep his country out of its "proper
and rightful home" in the alliance.
LOS ANGELES
Train crash death
toll rises
Thecoroner'sofficesaysthedeath
toll in the Los Angeles commuter
train crash has reached 26 with the
death of aman in ahospital.
The commuter train carrying
220 people rolled past stop signals
Friday and barreled head-on into a
Union Pacific freight train in sub-
urban Chatsworth.
Federal investigators have said
they want to review cell phone
records to determine if the train's
engineer may have been text mes-
saging just before the crash.
- Compiled from
Daily wire reports
US DEATHS
4,158
4
Number of American service
members who have died in the
war in Iraq, according to The
Associated Press. There were no
deaths identified yesterday.

WALL STREET
From Page 1
former interns, like one senior
in the Ross School of Business
who asked to remain anonymous
because she wasn't authorized to
talk to the media about Lehman.
A year ago she received intern-
ship offers fromLehman, Deutsche
Bank and Citigroup. She said she
chose Lehman for the internship
because it was "one of the more
prestigious banks on the Street,"
but she ultimately rejected its full-
time job offer.
Now, she's left looking for
investment banking jobs in a radi-
cally refigured market.
"Comingin, I hadalot of options
and now it's very, very limited," she
said. "No banks are hiring, and it's
not as easy as it was in the sum-
mer."
No longer courted by the major
banks, she's using her own con-
nections to compensate for stalled
recruitment.
RUSH
From Page 1
each other and will talk toas many
as five more sisters during a stay.
Sorority members also perform a
song and a skit for the rushes.
After each set, potential new
members rank their house prefer-
ences and sorority sisters rank the
rushes. The number of houses a
student visits declines with each
set, as their pool of potential hous-
es narrows.
Kinesiology junior Chelsie
Russ, a "Rho Omega," or sorority
recruitment officer who helps the

"Now I have to call people I've
met myself through the recruit-
ing process, and push my resume
through, and explain my situa-
tion," she said.
Shesaid shesent about15ea-mails
to Wall Street contacts yesterday
alone.
An LSA senior and former Leh-
man intern who also asked to
remain anonymous, said she had
already accepted a full-time posi-
tion with the bank for next year.
She knew her future job was lost
when the firm filed for Chapter 11.
"We all knew that the situation
was pretty bad working through-
out the summer," she said. "But
there was always kind of a confi-
dence that we would work it out
and things would end up being
OK."
She said the risk of collapse is
simply part of the job - and it's a
risk that helped draw her to invest-
ment banking.
Business senior Justin Killion
said the looming banking crisis
was already evident this summer
prospective sisters through rush,
said her position let her see the
process from another angle.
"It's just fun getting to meet all
the girls," she said.
LSA freshman Megan Novak,
who participated in the mixer
last night, said she was impressed
by the houses' dedication to their
themes, which range from Alpha
Gamma Delta Greek goddesses to
a Delta Delta Delta pajama party.
"Some houses go all-out," she
said. "They dress up, and every
inch of the house is covered."
Russ said Rho Omegas are in
a unique position because they
aren't allowed to tell the girls

when I
JPMor
"The
my frie
iN
hir
as
in t
felt, w,
come,"
no telli
pen be
crashl
since tI
Al C
develol
School,
kets ha
rethink
but it
from

he worked as an intern for internships in financial epicen-
gan in New York. ters.
feeling that I felt, and that "I think every student who's
nds at a lot of other firms interested in banking will take
a real serious look at the career,
they want and the life they want
To banks are and the risks they take with that
choice," he said. "But at the same
ring... it's not time, I know that there's always
going to be an investment banking
easy as it was industry and so that's a decision
that students will have to make
he summer." based on their own risk invest-
ment."
With $12,500 the standard pay
for an eight-to-ten-week intern-
as there was still more to ship at companies like Lehman,
he said. "There was really Merrill Lynch and Citigroup -
ng what was going to hap- often capped off with a post-grad-
cause we haven't seen any uation job offer - the competition
ike this in history, basically for these positions can best be
he Depression." described as fierce.
otrone, director of career Until yesterday, Lehman, the
pment at the Business 158-year-old bank with a reputa-
said the dire financial mar- tion as one of Wall Street's small
ve some business students but elite power players, was one
king which field to pursue, of the most sought-after employ-
hasn't swayed most away ers among students, according to
high-paying, high-power Business senior Neal Bhagat.

Tuesday, September 16,;2008 - 3
"I know when I was interview-
ing, everybody wanted to work
for Lehman's," he said. "They're a
very prestigious bank and so it was
definitely one that was highest on
everyone's list."
Bhagat spent the summer
interning as a financial analyst for
Citigroup, while some of his Busi-
ness School counterparts opted for
the now bankrupt Lehman located
further down Wall Street.
"I know a few people who took
Lehman offers over other banks
because of its reputation," he said.
"Nobody saw this coming."
According to Cotrone, Leh-
man's demise was unexpected for
both Ross students and for finan-
cial analysts closely following the
stock market.
"Given that shareholders didn't
know about it until late, I'm pretty
certain that students didn't know
either," Cotrone said. "People
interview for internships in Janu-
ary and February, so nine months
ago, I don't think that this was on
anybody's radar screen."
said. "It's an incredibly intense
process. Every house has like a
different color, and it has ribbons,
and you can't walk inside," he said
of the sororities.
Fraternity brothers weren't the
only ones gawking. One manyelled
"It's a dream come true" from his
car as he drove past the girls wait-
ing outside the houses.
Although visiting eight houses
in one night might seem over-
whelming; LSA freshman Claire
Ewing said the sisters make an
effort to ease new students' transi-
tion to the University.
"It's overwhelming and crazy,"
she said, "but it's fun."

Mugabe relaxes grip

which sorority they're in. The goal
is to let prospective sorority mem-
bers ask questions without feeling
pressure in one way or the other.
As the houses prepared to wel-
come the rushes last night, Rho
Omegas mingled and answered
questions from students. Right as
the clock hit 7 p.m., the singing
began.
Alpha Chi Omega could be
heard from streets away belting
their rendition of Belinda Carl-
isle's "Heaven is a Place on Earth."
Wearing white dresses, they wel-
comed the girls as they filed into
the house singing "At Alpha Chi,
sisters come first, Alpha Chi is
on power
many minds: "Will it hold or will it
not? That is the question," he said.
Aid agencies welcomed the deal
as a hopeful sign they will be able
to step up food deliveries to mil-
lions of people facing hunger.
"The food situation in Zim-
babwe has reached crisis point,"
said Matthew Cochrane of the
international Red Cross. "There
are already more than 2 million
people who don't have food, and
that number is going to rise to 5
million, which is about half the
country's population, by the end
of the year."
Mugabe's government restrict-
ed the work of aid agencies in
June, accusing them of siding
with the opposition before a presi-
dential runoff. The ban was lifted
last month, but aid agencies say it
takes time to gear up.

heaven on earth."
Meanwhile, Kappa Kappa
Gamma channeled their tropical
theme and sang about the "Kappa
Kabana" while wearing lei neck-
laces and pounding on the win-
dows.
A group of Alpha Epsilon Pi
brothers gathered outside their
house on Hill Street to watch the
proceedings.
LSA sophomore Adam London,
a member of the fraternity, said
sorority rush is much different
than the fraternity recruitment
process.
"It's funnier for us, because we
practice never for rush," London

HARARE, Zimbabwe (AP) -
President Robert Mugabe ceded
some power in Zimbabwe for the
first time in 28 years yesterday,
signing a power-sharing deal yes-
terday with opposition leader Mor-
gan Tsvangirai amid questions on
how the enemies will work togeth-
er to fix a collapsing economy.
Thousands of supporters of the
rival parties threw stones at each
other as the ceremony got under
way and several hundred broke
through the gates of the conven-
tion center where it took place.
Police fired warning shots and set
dogs on the crowd, which calmed
and cheered as their leaders left
after the signing.
Mugabe, Tsvangirai and Arthur
Mutambara, leader of a faction
that broke away from Tsvangi-
rai's party, all pledged to make the

deal work. But long-simmering
and bitter differences as well as
the nation's economic collapse -
inflation is officially running at
11 million percent - have put the
deal under intense pressure.
It has already been criticized
privately by some opposition
leaders, who are unhappy that it
leaves Mugabe as president and
head of the government. They fear
Mugabe will exploitthat, especial-
ly by playing on tensions between
the two opposition groups.
Nine African leaders including
mediator President Thabo Mbeki
of South Africa witnessed the
signing in a show of commitment
to the deal, which the African
Union is underwriting.
Tanzania's President Jakaya
Kikwete, chairman of the Afri-
can Union, voiced the concern on

information Session
Tuesday, September 16th
7:00 p.m.
Michigan Union, Kuenzel Room
800.424.8580 www.peacecorps.gov

Anti-nausea patches for
chemotherapy approved

New treatment will
last for five days
WASHINGTON (AP) - Can-
cer patients will soon be able to
use a medication patch to ease
the debilitating nausea that often
accompanies chemotherapy.
TheFood and Drug Administra-
tion said yesterday it has approved
the first anti-nausea patch for che-
motherapy patients, intended to
provide relief for up to five days.
The patch, called Sancuso, is worn
on the arm and delivers a widely
used anti-nauseamedicine,known
as granisetron, through the skin.
It is expected to be available by
the end of the year.
"It will be another way that we
can address nausea and vomit-
ing, coming from a route that we
haven't had before," said nurse
practitioner Barbara Rogers, who
specializes in cancer treatment.
"The patch is a nice option."
Rogers, who works at Fox Chase
.a
WANT TO
WORK FOR THE
DAILY?
COME TO OUR
MASS MEETING
420 Maynard St., just
northwest of the Union
TOMORROW, 8 P.M.

Cancer Center in Philadelphia, is
also a consultant to ProStrakan,
the Scottish company that devel-
oped the patch.
About a million people undergo
chemotherapy every year and as
many as 70 percent develop nausea.
Ifthe problemoccurs atthehospital,
it can be dealt with immediately. But
many patients suffer from nausea
after being sent home. Anti-nausea
pills are available, but some cancer
patients have difficultyswallowing.
"The main benefit will be for
people who have difficulty taking
oral medications," Rogers said.
But other patients could also ben-
efit, she added, since a single patch
is designed to maintain a steady
level of the anti-nausea medicine
in the body for several days. These
days, medical professionals treat-
ing cancer patients are trying to
eliminate nausea as a side effect
of chemotherapy, believing that
will help the patients maintain
physical strength and emotional
energy.

Get' em while they're freshmen.
They won't be ripe for long.
Advertise your group or organization in the
Campus Involvement Page
Deadline Published
Sept. 18 Sept. 25
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at 734-764-0557
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