The Michigan Daily - michigandaily.com
Friday, February 6, 2009 - 3
The Michigan Daily - michigandailycom Friday, February 6, 2009 - 3
Geithner plans to
unveil bailout plan
thner and other top officials are put-
ting the finishing touches on a plan
to overhaul the government's $700
billion financial rescue program.
A Treasury official said Geithner
will deliver a speech on Monday
outlining the new plan.
But Treasury officials would not
comment on a report Yesterday
that the administration is consider-
ing changes to the current account-
ing standard that requires banks
to carry assets such as mortgage-
backed securities on their books
at fair value, a process known as
"mark to market."
Critics 'of this process contend
that it has made the current finan-
cial crisis worse by forcing banks
to slash the value of assets that are
currently depressed because of
market conditions. Treasury offi-
cials said the administration's plan
was not yet complete and would be
revealed in Geithner's speech in
Washington next week. .
The idea of modifying the cur-
rent rules on marking down bank
assets is being considered by some
key lawmakers as a possible way to
address the banking crisis.
In provincial vote,
bloc of Iraqi prime
Prime Minister Nouri al-Maliki's
allies swept to victory over Shiite
religious parties during last week-
end's provincial elections in Iraq- a
rousing endorsement of his crack-
down on extremists, according to
official results released yesterday.
The impressive showing, which
must be certified by international
and Iraqi observers, places al-Mali-
ki in astrongpositionbefore parlia-
mentary elections late this year and
could bolster U.S. confidence that it
can begin withdrawing more of its
The results were a major blow to
Iraq's biggest Shiite religious party
- the Supreme Islamic Iraqi Coun-
cii - which trailed in every Shiite
-provinre including its base in the
holy city of Najaf.
Still, the margin of victory in a
number of Shiite provinces was nar-
row, indicating the prime minister's
supporters will have to cut deals
with their rivals in order to govern.
has cancer surgery
Supreme Court Justice Ruth
Bader Ginsburg had surgery yester
day for pancreatic cancer, raising
the possibility that one of the ideo-
logically divided court's leading lib-
erals - and its only woman - might
have to curtail herworkorevenstep
down before she had planned.
Ginsburg, 75, has been a justice
since 1993. She has been increas-
ingly vocal in recent years about the
court's more conservative stances,
especially after the appointments
made by President George W. Bush.
Pancreatic cancer is often dead-
ly, although the court said doc-
tors apparently found Ginsburg's
growth at an early stage.
In 1999, she had colon cancer
surgery, underwent radiation and
chemotherapy, and never missed a
day on the bench. Statistics suggest
this could be a tougher fight.
Labor pick deals
with spouse's tax
Labor Secretary nominee Hilda
Solis became the latest Cabinet
nominee to face questions about
unpaid taxes Yesterday as a Senate
panel abruptly postponed a sched-
uled vote on her confirmation.
The postponement came after rev-
elations that Solis' husband settled
tax liens on his California auto repair
business this week that had been
outstanding for as long as 16 years.
The discovery posed another
} political headache for a White
House already chafing after tax
problems and other controver-
sies derailed some administration
appointments, including former
Sen. Tom Daschle's nomination as
health secretary. President Barack
Obama pledged in TV interviews
this week that he would "make sure
that we're not screwing up again"
in the vetting process.
- Compiled from
Daily wire reports
From Page 1
"Thetcost of bringing recycla-
bles to the MRP for sorting and
transfer to factories for reuse is
still cheaper than sending the
same tonnage to the landfill to
bury," she said in an e-mail inter-
The decrease in the value of
recyclables coincides with the
University's promotion of recy-
cling through RecycleMania - a
10-week recycling competition
between 513 schools in the United
States, Canada and India.
The contest, which ends Mar.
28, ,challenges schools to produce
the least amount of waste.
Allison Richardson, projectcoor-
dinator for RecycleMania at the
University, said all recyclables from
the University's residence halls and
buildings are loaded into trucks and
are then weighed at the MRP.
"The trucks are weighed sepa-
rately for paper, mixed containers,
trash, and then I take those weights
atthe end ofeveryweekand submit
those," Richardson said.
While the competition encour-
ages students and faculty to recy-
will not receive greater revenue
from the surplus materials.
"It's not any different from the
From Page 1
girls have serious style, it's about
time they show it off," she said.
Schreiber said that the website
not only allows University stu-
dents to show off their fashion
knowledge, but also gives them a
chance to connect with fashion-
conscious students around the
"Your fashion support base
isn't limited to your friends or by
geography: you can hear from the
girl in your Econ 401 class whose
Goyard tote you drool over, or
one of your friends from study
abroad or a sophomore at (New
York University) that you've
never met," she said.
David Reinke, the company's
president, said he came up with
the idea for the site after years
of working for Liz Claiborne Inc.
THE FALLING PRICE OF RECYCLED MATERIALS
for using car to
hit another man
Old Corrugated Newspapers &
Mixed Paper -
DOLLARS PER TON
SOURCE: TRACY ARTLEY, RECYCLING COORDINATOR FORTHE UNIVERSITY
Incident said to have
taken place in a
campus parking lot
By JILLIAN BERMAN
A 21-year-old man from Detroit
was arraigned yesterday for hit-
ting another man with his car in
a University parking lot Tuesday.
The incident occurred while the
21-year-old man was visiting a Uni-
At about 9 p.m. Tuesday, the
University student left her resi-
dence at the Northwood Apart-
ments with the 21-year-old visitor.
They discovered the student's for-
mer boyfriend in a parking lot at
the corner of Murfin Avenue and
Plymouth Road, Department of
Public Safety spokeswoman Diane
Brown said the two men were
involved in a physical fight, after
which the 21-year-old man drove
his car in such a manner that he
hit the student's ex-boyfriend,
who was a 19-year-old visitor from
The 21-year-old man fled the
scene in his car and was pulled over
by the Ann Arbor Police east of the
parking lot on Plymouth Road,
Brown said. University Police
arrived at the scene and arrested
The victim was taken to the
University Hospital emergency
room and was evaliated, treated
for non-life-threatening injuries
and then released, Brown said. The
offender was taken to the Washt-
enaw County Jail.
Brown said University Police
submitted their investigation to
the Washtenaw County Prosecu-
tor's office yesterday.
The prosecutor's office autho-
rized three charges: one charge
of assault with intent to murder,
which carries a maximum sen-
tence of life in prison; one charge of
assault with intent to commit great
bodily harm less than murder,
which carries a maximum penalty
of 10 years in prison or a $5,000
fine; and one charge of felonious
assault, which carries a maximum
penalty-of four years in prison or a
The man was arraigned yester-
day afternoon on $100,000 bond,
Brown said. A preliminary exam is'
scheduled for Feb. 18 at 1 p.m.
rest of the year, the 10 weeks of
RecycleMania, as far as paying for
(the recyclables) and how much you
get for (them)," Richardson said.
This is the University's fourth
year participating in the event.
While the University has never
won the trophy made out of recy-
He said he realized that in the
fashion world, women don't have
a place to say what they like and
"Fashion is really dictated
by what's happening on the
cat walks, New York, L.A., and
through celebrities," he said.
"There's really no place for
women to say what they like and
don't and that should be a part
that defines fashion."
Reinke said that the goal of the
website is to offer students a place
to get quick information on what
is fashionable in their location.
"It's a fun destination where
women who are interested in
fashion can go to find other
college women interested in
fashion to see what's ranked
fashionable," he said. "It's also
a place where women not so into
fashion can go and don't have to
think about it and quickly see
clable materials, it has done well
in the Gorilla Prize category of
the competition, which measures
total recycling tonnage.
The University is currently
ranked fourth in the competition,
with a little less than two months
remaining in the competition.
Reinke added that the website
offers users the ability to sort
through items based on how pop-
ular they are at a specific location,
instead of by price.
"Wouldn't it be cool if you could
see the topped ranked tank tops
from U of M?" he said. "Not that
you were necessarily going to buy
it, but at least see what's cool."
Right now, the website pri-
marily focuses on party tops but
Reinke said it will be adding cate-
gories like handbags, dresses and
"Basically what we're trying
to do is bring in the best stuff
and of the best have the college
women decide what's the best
of the best," he said. "We think
that it's going to be fun and
interesting to compare and con-
trast the rankings from different
From Page 1
"Working with a studio you
ultimately have to succumb to the
studio executives who are worried
about how to market the film and
pressure you because of the mil-
lions of dollars they are spending
on your project," he said.
In independent filmmaking, he
said, "you have total creative free-
dom. However, financing a movie
independently is just diabolically
A student asked if it was better
to pursue a career in independent
or studio production.
Goldwyn emphatically said,
"Pursue everythingyou have the
energy to pursue;" he said: "The
more that you can do, the better off
you are if you want to get into this
He also advised students to take
advantage ofnetworking opportuni-
ties after a student asked him about
how to break into the business.
"Networking, which sounds like
a superficial thing; is actually very
powerful," he said.
Goldwyn said that networking is
not just about talking to someone
to get something out of them, but
rather "it's about connecting on a
creative level, even if it's a business
LSA junior Patrick Crumb, an
English major interested in screen
writing, said he was able to take
away a lot of information from
"I came out here because I just
think it's a really cool opportunity
we have and it's interesting to see
what's -happening in Michigan-in
general as theybring in movies like
this," he said.
Han said. "We felt that it wa
our obligation to lower the price
and serve students at U of M an
around Ann Arbor a lower price.
And after a week' of busines
they reported more than $750 i
23 Hour Nutrition is uniquea
it provides delivery of most proi
ucts within 23 Hours of onlin
purchase. The products that ar
delivered within this timefram
are those that Myers and Ha
stock in their three locations i
the Ann Arbor area. Other proi
ucts take three to five days f
But Myers and Han did the
research regarding what prod
ucts to market and which t
keep stocked. With over 1,30
products on their website, th
inventory is composed of prod
ucts recommended by student
friends and frequent gym-goer
through surveys conducted i
"Because we go to the gym a lo
From Page 1
Ahmed Zaidi, the presi-
dent of the Pakistani Stu-
dents' Association, which is
hosting the event, said the
goal of the lecture is to cre-
ate awareness about Pakistan
for the benefit of the campus
community and the larger
Ann Arbor area.
"We hope that by hav-
ing lectures and discussions
like these we can achieve our
goal of dispelling misconcep-
tions and raising awareness
about the political system and
Pakistani society's problems,"
Zaidi said in an e-mail inter-
Zaidi added that it is impor-
tant for students to see an
unbiased and personal view
of Pakistan, noting that while
the group primarily serves
Pakistanis, all can benefit from
knowledge about the country
"For members of the audi-
ence not directly associated
with the country, I hope this
serves as a learning experi-
ence, one that will instill in
them a more personal and
understanding view of Paki-
stan's and Pakistanis' prob-
lems and replace a reliance on
stereotypes and preconceived
notions," he said.
we know what is popular and what
works for us. We look at different
people and their goals," Myers
said. "We carryproducts based on
their goals and different products
for different goals."
Based on the orders they have
already received, Myers and Han
project that the protein and Cre-
atine supplements they sell will
be their most popular products.
But as the business becomes
more popular and the number
of orders increases, they plan to
stockpile more popular items,
which will also help to lower
They are currently market-
ing toward athletic groups, clubs,
Intramural sports and Greek life.
Ultimately, they said they plan to
expand to professors, graduate
student instructors and then other
At present the two seniors have
a promotion plan with students in
the Greek community, offering a
$5 coupon on their website.
"We are running a rewards pro-
gram fortheGreek system," Myers
said. "If someone from a fraternity
or sorority purchases products,
they can put in their fraternity or
sorority's rewards code. We are
runningthis up until spring break,
and-after springbreakwe-will give"
them a check based on the amount
they have spent."
To keep their prices lower than
any other major retailer, Myers
and Han get their products from
five different distributors.
The pair also employs some
drivers to ensure deliveries are
made on time. As they expand,
they said delivering within their
guaranteed timeframe will be
impossible without additional
drivers taking their products to
their varied destinations.
Once 23 Hour Nutrition starts
profiting from its sales, Myers
and Han said they plan to expand
the distance to which they mar-
ket their products and influence
the nutrition supplement indus-
"We are looking to expand to
EMU and MSU," Han said. "We
feel like this is the future of vita-
min shops across the country. We
do everything as efficiently as
possible and hope our name will
be out there in the future."
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Bravado abounds in
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blurt goes a ong wayI M IK: I'RI I I I I 1
Directed by Philip Kerr
Theatre & Drama
February 12 at 7:30 PM
February 13 & 14 at 8 PM
February 15 at 2 PM
Tickets $24 & $18
Students $9 w/ID
League Ticket Office
University of Michigan schv i of