The Michigan Daily - michigandaily.com
BAILOUT of the e
From Page 1 bankrup
cally giving up some concessions," "The
Zullo said. "Giving up the jobs bank ries me
is important politically. They're Chapter
trying to show to Congress that we're in
they're willing to give up some ben- depressi
efits." tion pha
Zullo said Michigan auto are runn
workers nearing retirement panies w
would be the most affected if bankrup
the companies were to go bank- ing."
rupt, because their pension plans But bs
could be renegotiated or disap- tow said
pear altogether. industry
During the hearing, some sen- igan in
ators expressed concerns with ahead.
approving federal assistance to "Mich
the automakers, arguing that as more
they lacked a solid restructuring "That's
plan. ruptcy o:
After being lambasted two that's go
weeks ago for arriving in Washing- federal g
ton by private jet, all three CEOs check. T
showcased their commitment to ply not p
eliminating unnecessary expenses models."
by driving to the hearing. Pottow
But . Sen. Richard Shelby governmi
(R-Ala.), a staunch opponent of mean th
the auto industry bailout, ques- closing
tioned the sincerity of the road made. H
trips. gress pr
"I wonder if they're going to of loans
drive back," he said. a sort o
The Detroit Three executives restruct
have been widely criticized for Congr
mismanaging their respective ments fr
companies, and many in Wash- the UAW
ington are calling for the'compa- emergen
nies' bankruptcy. vote on 1
University Law Prof. John Pot-
tow, a bankruptcy and commer-
cial law expert, said that because
ROADS fall, caus
From Page 1 This
city intends to spend the extra Greden
money to ensure the streets are stocked
"It'll cost more money, but we Brewer's
recognize that plowing streets es the
from ice and snow is a critical wasn't s
function of local government," he cut wou
said. "We face a very challenging "Unti
budget environment, but we also know,"
are far better off than most gov- we've e
ernments in the entire state." snowfal
Arend said the state is trying these pe
to conserve resources this year seen sno
after a record snowfall pushed some pe
the winter road maintenance over going to
budget. a lot of
Last winter, many states in the it out to
Midwest experienced road salt case."
the michigan daily
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Friday, December 5, 2008 - 7
conomic turmoil, allow-
Chrysler and Ford to hit
tcy would have especial-
only thing that wor-
about saying 'just let the
11 process work' is that
the middle of a giant
on and a credit disloca-
se," Pottow said. "Banks
ning out of funds. Com-
'ho would have gone into
tcy are simply liquidat-
ailout or no bailout, Pot-
tough times for the auto
spell problems for Mich-
the months and years
igan is going to lose jobs
facilities close," he said.
going to happen in bank-
r outside bankruptcy, and
ing to happen even if the
overnment writes them a
hese companies are sim-
rofitable on their current
w said he's worried that
vent influence might
at tough decisions - like
factories - won't get
He suggested that Con-
rovide a modest amount
and step aside to act as
f "silent partner" in the
ress will hear more argu-
om the Detroit Three and
today and could hold an
.cy session next week to
- The Associated Press
contributed to this report.
es due to the heavy snow-
sing salt prices to soar.
winter, Arend said MDOT
ilt a large salt stockpile.
said the city has also
is Brewer, the owner of"
s Towing, which servic-
Ann Arbor area, said he
ure how the state funding
ld affect his business.
1 it happens, I don't
he said. "I know that
xperienced a couple little
is this winter and some of
ople act like they've never
ow before. I've heard from
ople they don't think it's
be nearly as bad as what
people are trying to make
be. t'm hoping that's the
SEASON'S GREETINGS TO THE TROOPS
Members of the College Democrats made holiday cards for members of the U.S. military in Iraq last night at the Michigan League.
From Page 1
outlets like the Huffington Post
and highly personalized blogs,
have reduced what Sunstein
called the "architecture of ser-
endipity," or the unexpected
exposure to a person, topic or
Sunstein said the "architec-
ture of serendipity" formed in
the 20th century when newspa-
pers, radio and television news
outlets presented a broad range
of issues and viewpoints to their
He said public protests and
demonstrations are now one of
the fewways inwhichAmericans
are exposed to a diversity of opin-
"So long as the streets and
parks are open, we have a duty
to be exposed to people who dis-
agree with us," Sunstein said.
Terrorism, according to Sun-
stein, is a prime example of
sociopolitical polarization gone
horribly awry. He refuted the
widely held views that terrorism
is driven by poverty or a lack of
education, instead arguing that
"what terrorism seems to be
fueled by is polarization."
Offering hope for the future of
national and international politi-
cal discourse, Sunstein said the
burden of protecting and foster-
ing the open exchange of ideas
falls on universities. He called
for the creation of deliberative
forums to promote moderation
and rationality in political, social
and moral discourse.
"It is very important for insti-
tutions (of higher leafning) to
protect against' censorship and
the persecution of dissidents;" he
Hosted annuallyby academics,
lawyers and journalists since1991,
Sunstein's talk was latest install-
ment in a lecture series focused
issues of academic and intel-
lectual freedom. Most recently,
Sunstein has been named as a
potential nominee for the U.S.
Dean Evan Caminker called Sun-
stein the "leading legal scholar
of our generation." A graduate
of Harvard College and Harvard
Law School, Sunstein has been
a professor at the University of
Chicago and Harvard University
Law Schools. He has also written
more than 15 books and count-
less articles for newspapers and
magazines around the country.
From Page 1
programs, had more than a 200
percent increase in attendance
from the year before, according to
And with more students flood-
ing graduate programs, many expect
competitionto become more intense.
Seventy-five percent of the 245
business school admissions officers
from across the country recently
surveyed by Kaplan said that the
admissions process at their univer-
sities is more competitive than it
was just three years ago.
But many admissions officers
reported that their schools are con-
sidering expanding the incoming
classes as soon as fall 2009, with
some increasing capacity by up to
Nick Lysaght, the assistant
director of graduate marketing at
The Princeton Review, said more
students have expressed concerns
over poor job prospects this year.
Those students, he said, have opted
to instead take the entrance exams
for professional schools.
"We're seeing that on our end as
well, which is good for business,"
he said. "But at the same time, it's
tough to see the economy doing.
Lysaght said that because the
economyis cyclical, it's notunusual
for an increased number of stu-
dents to seek a professional degree
to get a leg up when seeking a job in
a tightened market.
"A bachelor's degree isn't as com-
petitive as it used to be," he said.
LSA senior Matt Bailey, who is
applying tolaw schools, said the eco-
nomic downturn bolstered his desire
to become a lawyer. He agreed that
students graduating with a liberal
arts degree should consider "some-
thing more than a bachelor's."
Interested inbecoming a teacher,
Amaro said the scarcity of jobs has
left her little choice but to eventu-
ally apply for a master's degree in
school counseling in order to reach
her goal. She said graduate study
would offer her a "safety net," as
opposed to jumping right into the
Like other University students,
LSA junior Daniel Rehmann said
he's always considered applying to
graduate school. He intends to find
a job out of the state, and he said he
was confident that graduate study
at the University would put him in a
good position to do so.
"Odds are good that coming from
a University like this, you'll get a
job," he said.
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For Saturday, Dec. 6, 2008
(March 21 to April 19)
Something about politics, religion or
higher education (or perhaps even pub-
lishing and media) discourages you
today. Maybe ateacher or VIP is on your
case. Relax. This will pass.
(April 20to May 20)
You might be concerned about shared
property, the wealth of your partner or
other financial issues. Things look bleak.
(It's always darkest before it gets pitch
(May 21to June 20)
Conversations with partners and close
friends are critical, strained and
unfriendly. Try to make the best of this.
These are the people you normally love.
(And vice versa.)
(June 21 to July 22)
Co-workers are critical of you today,
or perhaps you'recritical of them?
Either way, dont fall into the habit of
being picky with others today.
(July 23 to Aug. 22)
It's easytoabe fault-finding with chil-
dren and loved ones today. But what's
the point? As Goethe observed,
"Correction does much; but encourage-
ment does more.'
(Aug. 23to Sept. 22)
Tension and family discussions are
likely today because someone might be a
wet blanket, busy telling everyone else
why they can't do something.
(Sept. 23 to Oct. 22)
This is aworrisome day, and you are
in a worrisome mood. When these things
come over you, it's so hard to shake it,
isn't it? If you can't kick it off, just
accept it and wallow in it for a while.
(Oct. 23 to Nov. 21)
Financial disputes with others might
occur today. Or someone older and more
experiencedthan you could be critical of
you or discouraging in some way.
SAGITTARIUS (Nov. 22 to Dec. 21)
This is a poor day to seek out the sup-
port of parents, teachers, bosses or VIPs.
They will shut you down. So avoid try-
ing to get permission or approval. Lie
(Dec.,22 to Jan. 19)
Self-doubt or feelings of inadequacy
might grip you today. Try not to let this
get you down. These feelings are tempo-
rary and will pass. Continue your
research in some area.
(Jan. 20to Feb. 18)
People seem intent on telling you why
you can't do things today, instead of
offering support. Oh well. Same days are
like this. It's not realty a big deal.
(Feb. 19to March 20)
Bosses, parents and VIPs will block
your suggestions today. Don't take this
personally. Maybe the time is not right?
YOU BORN TODAY You're percep-
tive and observant; you understand the
human condition. Because of this, you
know how to appeal to others. You're
also quick to see where an opportunity
is. Essentially, you're practical and easy-
going, and you always look for the best
in something. New avenues and new
beginnings this year have been exciting.
Next year, you focus on partnerships.
Birthdate of: Shekhar Kapur, film-
maker; Ira Gershwin, Pulitzer Prize-
winning lyricist; Dave Brubeck, jazz
services tiCkets & tavel
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