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ONE HUNDRED-NINETEEN YEARS OF EDIIT
lAL FREEDOM
Ann Arbor, Michigan
Friday, October 24, 2008
michigandaily.com
COLORFUL REACTION
UNIVERSITY ENDOWMENT
Despite poor
economy, 'U'
investments
rise in value
Endowment grows
by 6.4 percent amid
global slowdown
By JACOB SMILOVITZ
Daily Staff Reporter
FLINT - Despite financial
chaosand decliningstockmarkets
around the world, the Universi-
ty's endowment grew 6.4 percent
in the fiscal year that ended June
30, according to a report present-
ed atyesterday'sBoard of Regents
meeting.
Regent Katherine E. White
(D - Ann Arbor), the chair of the
Finance, Audit, and Investment
Committee, said the endowment's
SMART IN VESTMENTS
value was $7.6 billion on June 30,
the end of the 2008 fiscal year.
At the end of the previous fiscal
year, the endowment was worth
$7.1 billion. But that year, which
saw much stronger financial mar-
kets, the endowment increased in
value by25.5 percent.
"This is exceptionally good
when the stocks have declined
and the median endowment has
lost value across the nation,"
White told the crowd in the Uni-
versity Center at the University
of Michigan's Flint campus. Yes-
terday's meeting was the only
one this year that will be held in
Flint.
According to the report, the
University's endowment now
See ENDOWMENT, Page 7A
SAM WOLSON/Daily
A beaker with water, dry ice and solution mixture changes color in response to acid base changes yesterday. LSA junior Stephen Martin set up the project, which gses from
blue to green as more carbon dioxide is released into the water. He arranged it to commemorate National Mole Day.
RACE FOR THE BOARD OF REGENTS
PART 3 OF 4
Brown makes second board run
Republican aims to
bring conservative
voice to board
By LINDY STEVENS
Daily Staff Reporter
After an unsuccessful run in
2006, Republican candidate Susan
Brown is back in the race for the
University of Michigan's Board of
Regents. A fourth-generation Uni-
versity alum who holds positions on
the boards of the University Muse-'
um of Art and
Ford School of
Public Policy,
Brown has
also served on
the president's
advisory board
and fundraised
extensively for BRW
the University.
An interior decorator for the
past 32 years, Brown also knows a
thing or two about mixing window
treatments with accent pillows. She
said her experience as a small busi-
ness owner has given her the skills
needed to handle the University's
finances.
Brown said she would never vote
for a tuition increase as regent and
would work to keep higher educa-
tion accessible. To curb costs, she
said she would encourage the use
of alternative revenue sources from
the University's relationships with
private sector institutions and push
state legislators to increase funding
for the University.
"I would put pressure on state
government, more than just lip ser-
vice, to make sure that education is
the number one priority," Brown
said.
A mother of four and grand-
mother, Brown said education has
always been a priority for her fam-
ily.
Brown, aformermemberofDelta
Gamma sorority, and her husband
See CANDIDATE, Page 7A
The Universitys endowment has grown by about $3.5 billion in the last five years.
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SOURCE: UNIERSITY Or MICHIGAN
MENTAL HEALTH ON CAMPUS
Trying to widen reach,
CAPS touts new site
With long waits for SEEKING HELP ONLINE
appointments, MiTalk Data from August30- Sept. 29,2008
t website offers mental
health resources 0 W 7
UNIVERSITY BOARD OF REGENTS
$231-milexpansion to Mott plan approved
Board also signs off
on schematics for Law
School renovations
By JACOB SMILOVITZ
Daily StaffReporter
FLINT - In two unanimous votes yes-
terday, the University Board of Regents
approved proposals to fund an expansion
of the C.S. Mott Children's Hospital and
Women's Hospital, as well as the sche-
matic designs for a new Law School build-
ing project.
Already the most costly building proj-
ect in the University's history before the
regents considered the expansion pro-
posal, the hospital will now cost $754 mil-
lion - a $231 million increase. -
The project's completion will be also
pushed back 15 months. It is now sched-
uled for Sept. 2012.
According to a presentation given at
the meeting by Associate Hospital Direc-
tor Patricia Warner, the increased cost of
the project will pay for the addition of 84
private patient beds, two MRI units, an
operating room, and an inter-operative
MRI Operating Room suite.
All funding for the expansion will come
from the Hospital's and Health Center's
reserved funding and donations, Warner
said.
Approximately 58 percent of the extra
$231 million requested for the project will
go toward medical equipment and fur-
niture, with the rest being spent on con-
struction costs.
There will also be more unfinished
space after the expansion to allow for pos-
sible future growth in emergency medi-
cine, radiology and surgery, according to
a University press release distributed at
the Regents meeting.
In her presentation, Warner said
See PROJECTS, Page 3A
By ELAINE LAFAY
Daily Staff Reporter
In an effort to reach more students and
address the stigma of seeking psychologi-
cal help, the office of Counseling and Psy-
chological Services has expanded its "Do
Something" education campaign, which
was unveiled last year.
Yesterday, CAPS staff held an event at
the Michigan Union to officially intro-
duce MiTalk, a website for University
students that provides information on
mental health issues. The site has been
online since early this year, but the office
now plans to heavily market it to stu-
dents.
Vicki Hayes, an associate director of
CAPS, said the site acts as an after-hours
resource for students who have a question
or are exploring mental health options at
their leisure.
"The goal is to get information to stu-
dents 24/7, not to wait until they walk in
to see us, and not to assume that they were
going to be able to cross that threshold,
but to try and reach out to get information
to students where they live, where they
study and whenever they're online," she
said.
unique visitors to Mialk website
3,737
page views on MiTalk website
SOURCE:COUNSELING &PSYCHOLOGICALSERVICES
Todd Sevig, director of CAPS, said
the site is an effort to provide a constant
resource for students who want help but
aren't sure what to do or don't feel com-
fortable going to the CAPS office in per-
son.
"The notion is that we do something,"
he said. "It's very behavioral. You might
not know exactly what to do, but do some-
thing to help a friend. Do something to
help yourself."
The site offers more immediate infor-
mation to students than a non-emergency
appointment with CAPS. According to the
CAPS website, the wait time for an open
appointment can be up to 10 to 15 days,
See CAPS, Page 7A
DEBATING STEM CELLS
Speakers spar over Proposal 2
at debate sponsored by students -
By ALEX KAZICKAS
Daily StaffReporter
With the presidential race and the financial crisis _
dominating the political stage this election season,
some students feel Proposal 2, a ballot initiative to
loosen the state's restrictions on embryonic stem cell
research, has been overlooked.
In an effort to draw more attention to the ballot
initiative, the University groups Students for Life and
Student Society for Stem Cell Research co-sponsored
a debate last night on the merits of the proposal.
Robert Burke, president of Monroe County's Right
for Life, spoke against Proposal 2, while Jack Mosher, SAM WOLSON/Oaily
an assistant research scientist in the Life Sciences Robert Burke, Monroe County president of Right for Life, spoke yesterday against
See PROPOSAL 2, Page 3A Proposal 2, which would loosen state restrictions on embryonic stem cell reseach.
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