2A - Friday, November 20, 2009
The Michigan Daily - michigandaily.com
MONDAY: TUESDAY:
In Other Ivory Towers Off the Beaten Path
WEDNESDAY: THURSDAY:FRIDAY:
Campus Clubs Before You Were Here Photos of th Week
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TOP LEFT Students from Pattengill Elementary in Ann Arbor
observe experiments in the Chemistry Atrium last Friday as part of MORE ONLINE
K-Day. (MADDIE LAKIND/Daily). ABOVE Michigan Student Assem- r
bly's Executive Board painted their faces on Tuesday in preparationo
for Saturday's football game. (CHRIS DZOMBAK/Daily) TOP RIGHT the week go to
The Indian American Student Association event Vistaara took place michigandailycom \
in Hill Auditorium last Friday. (JAKE FROMM/Daily)
CRIME NOTES
CAMPUS EVENTS & NOTES
Litterer leaves Car slams pole Transgender Marx and Freud
Dn of (tI iin
eaves - uAc&Iy,
legitimately
WHERE: Argus II Building
WHEN: Wednesday at about
7:45 p.m.
WHAT: A person "dumped
10-15 bags containing leaves,"
University Police reported.
Upon arriving at the scene,
officers determined that the
leaves were left on the side of
the road for pick-up.
Out of control
WHERE: Medical Center
parking lot M-10
WHEN: Wednesday at about
3:30 p.m.
WHAT: Someone broke into
a car and stole a remoted
control to a stereo, University
Police reported. There are no
suspects.
WHERE: Campus Safety Ser-
vices
WHEN: Wednesday at about
11:30 p.m.
WHAT: A staff member acci-
dentally drove a car into a
pole in the parking lot, Uni-
versity Police reported. The
front of the vehicle was dam-
aged. Nobody was injured.
Chronic
trespasser getS
the boot
WHERE: 330 Liberty
WHEN: Wednesday at about
6h45 a.m.
WHAT: A frequent trespasser
"specifically not allowed on the
property" was asked to leave
after an officer spotted him dur-
ing a routine check of the loca-
tion, University Police reported.
ucy U
Rememberance
WHAT: To commemorate
those who havebeen killed due
to anti-transgender violence,
this ceremony of remembrance
will feature aplethora of speak-
ers addressingthe issues of
prejudice.
WHO: Spectrum Center
WHEN: Tonight from 7 p.m.
to 9:30 p.m.
WHERE: Palmer Commons,
Great Lakes Room
EIS Friday
workshop
WHAT: this workshop's
topic is "Recovering Forgotten
People in History:'
WHO: Eisenberg Institute
WHEN: Today from noon to
2 p.m.
WHERE: 1014 'tisch Hall
WHAT: A brown bag dis-
cussion will be held*to trans-
late the Marx and Freud.
English Prof. Andrew Parker
from Amherst College will
host the discussion.
WHO: Comparative Litera-
ture Departnnent
WHEN: Today at 12 p.m.
WHERE: 2015 Comparative
Literature Library
CORRECTIONS
0 An article in yesterday's
edition of the Daily, "Pece,
Love & M USKET," incorrect-
lv identified Chris Ranney as
a sophomnore in the Schoon
of Music, Theater, and
Dance. Ranney is a senior.
* Please report any error
in the Daily to correc-
tions@nichigandaily.com.
Four people were arrested
in Peru this month on sus-
picion of murdering more
than 60 people "to sell their
fat and other human tissue to
Italian co-consirators for cos-
metic use in Europe," accord-
ing to The Age. A prosecutor
said the fat was "to be com-
mercialized in European (cos-
metology) laboratories."
It has been 2,190 days
since the Michigan foot-
ball team beat the Ohio
State Buckeyes.
">FOR MORE, SEE FOOTBALL SATURDAY,
PAGE1B
The BBC reports that
Spanish researchers
at the Basque Public
Health Department found
that drinking alcohol every
day could cut the chance of
heart disease by more than a
third among men.
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New jobless claims unchanged,
Economists: Report
could suggest a
decline in November
job losses
WASHINGTON (AP) - The
number of newly laid-off workers
seeking unemployment benefits
was unchanged last week, remain-
ing above the level that would indi-
cate the economy is adding jobs.
New jobless claims have fallen
about 22 percent since spring. But
companies' reluctance to hire is
weighing down the housing mar-
ket - and the economy's fledgling
recovery:
The proportion of homeown-
ers with a mortgage who were
either behind on their payments
or in foreclosure hit a record high
for the ninth straight quarter, the
Mortgage Bankers Association
reported yesterday.
Driven by risingunemnployment,
fixed-rate loans to people with
good credit accounted for nearly
33 percent of new foreclosures last
quarter. That compares with just
21 percent a year ago.
The Labor Depa.rtment said
first-time claims for jobless
benefits amounted to a season-
ally adjusted 505,000 .last week:
That was the same as the previ-
ous week's revised figure, and it
matched analysts' expectations. A
year ago, there were 533,000 ini-
tial claims.
The four-week average, which
smooths out volatility, fell for the
11th straight week to 514,000, the
lowest level in nearly a year.
Some economists saidthe report
was an encouraging sign that job
losses in November will decline
from last month's total. Employ-
ers cut a net total of 190,000 jobs
in October, down from 219,000 the
previous month.
Economists at Deutsche Bank
are forecasting that net job losses
will fall to 125,000 in November.
But the economy needs to add
about 125,000 jobs-a month just to
keep the unemployment rate from
rising.
Separately, the Conference
Board said its index ofleading eco-
nomic indicators rose 0.3 percent
last month, less than analysts had
expected. That indicates a slow,
bumpy recovery next year.
The index forecasts economic
activity by measuring jobless
claims, stock prices, consumer
expectations, building permits for
private homes, the money supply
and other data.
A gauge of consumer expec-
tations, which are dropping as
unemployment continues to rise,
weighed down the index. Uneasy
consumers likely will curtail their
spending, which powers about 70
percent of the U.S. economy.
The stock markets fell in morn-
ing trading. The Dow Jones indus-
trial average dropped about 160
points, and broader indexes also
declined.
While the steady decline in
claims is evidence that firings are
decreasing, most economists say
weekly claims would have to fall
to about 425,000 for several weeks
to signal that the economy is actu-
ally adding jobs. Some economists
put the number higher, around
475,000.
Even as claims are falling and
the economy has started growing,
the unemployment rate is rising. It
jumped to 10.2 percent in October
from 9.8 percent, the highest level
in more than 26 years, the govern-
ment said earlier this month.
The economy grew at a 3.5 per-
cent annual rate in the July-Sep-
tember quarter, the government
said last month. But many econo-
mists expect growth to slow in the
current quarter. Recent reports on
industrial production and housing
have been disappointing.
The number of people continu-0
ing to claim benefits, meanwhile,
dropped by 39,000 to 5.6 million
for the week ending Nov. 7, the
department said. The figures on
continuing claims lag behind ini-
tial claims by a week.
But the continuing claims fig-
ure does not include millions
of people that have used up the
regular 26 weeks of benefits typi-
cally provided by states. They are
receiving extended benefits for up
to 73 additional weeks, paid for by
the federal government.
Nearly 4.2 million people were
receiving extended benefits in the
week ended Oct. 31, an increase of
120,000 from the previous week.
Congress added 14 to 20 weeks
to the extended program Nov. 6,
the fourth extension since the
recession began and the longest
total extension on record. That
boosted the total number of weeks
a person could collect unemploy-
ment to as much as 99 in the hard-
est-hit states.
But more than 1 million people@
will run out of unemploymentben-
efits in January unless Congress
quickly extends federal emer-
gency aid, a nonprofit group said
Wednesday. The November exten-
sion didn't address an underlying
problem: The emergency unem-
ployment compensation program,
including all additional weeks,
expires at the end of this year.
Some employers are continuing
to lay off workers. In a securities
filing Thursday, AOL said it plans
to cut about a third of*its work
force once it is spun off from the
media conglomerate Time Warner
Inc. That would amount to nearly
2,300 of the roughly 6,900 work-
ers at the struggling Internet com-
pany.
Hartford, Conn.-based health
insurer Aetna Inc. this week said
it will cut 625 jobs, or nearly 2 per-
cent of its staff, and will make a
similar job cuts in the first quarter
of2010 due to the lagging economy
and the potential impact of health*
care reform.
Several state governments
also announced layoffs, includ-
ing Pennsylvania, Indiana and
Maryland.
I