2 - Friday, April 16, 2010 The Michigan Daily - michigandaily.com MONDAY: TUESDAY: WEDNESDAY: THURSDAY: In Other Ivory Towers Professor Profiles Before You Were Here Campus Clubs 420 Maynard St. Ann Arbor, MI 48109-1327 www.michigandaily.com JACOB SMILOVITZ DAN NEWMAN Editor in Chief Business Manager 734-647-3336 734-764-0558 smilovitz@michigandaily.com tmdbusiness@gmaiL.com 0 LEFT Inside the School of Public Policy on Wednesday. (MARISSA MCCLAIN/Daily) TOP RIGHT Tea Party protesters sit on a bench in the Diag yesterday during the Ann Arbor Tea Party demonstration. (SAM WOLSON/ Daily) BOTTOM RIGHT PAWS of Ann Arbor - a student-run organization that aims to bring pets to the homes of the elderly - brought dogs to the Diag on Wednesday in an effort to raise awareness for its cause. (TORE- HAN SHARMAN/Daily) CONTACT INFORMATION Newsroom News Tips Corrections letters to the Editor Photography Department Arts Section Editorial Page Sports Section Display Sales Classifiled Sales Online Sales iance officehours:Sun.-Thurs.1a.m.-2a.m. 734-763-2459 news@michigandaily.com corrections@michigandaily.com tothedaily@michigandaiy.com photo@michigandaily.com artspage@michigandaily.com opinion@michigandaily.com sports@michigandaily.com display@michigandaily.com claasified@niehigandailyeenm onlineads@michigandailyecom CAMPUS EVENTS & NOTES CRIME NOTES Chair valued at Textbook swiped $75stolen WHERE: 1501 Catherine St. WHEN: Wednesday at 9 a.m. WHAT: A brand new Herman Miller chair valued at $735 was stolen from room C246A, University Police reported. There are no suspects. WHERE: Ross Academic Center WHEN: Wednesday at2:20p.m. WHAT: A male student's "The Aims ofArgument" textbook was stolen from a desk inthe basement after he left it unat- tended to use the bathroom, University Police reported. The book isvalued at $85. There are no suspects. Annual Latino Environment Culture Show symposium WHAT: The 10th Annual WHAT: The Natural Scienc Latino Culture Show "Nues- and Environment Master's tra Historia" takes place Project Resource Symposium tonight. The performance WHO: School of Natural will feature music, poetry, Resources and Environment drama and student-cho-~ WHEN: 8:45 a.m. reographed dance. There WHERE: Dana Natural will also be a musical per- Resources Building, Room formance by Grupo Ayo. 1040 WHO: Michigan Union Ticket Office M U i WHEN: 7 p.m. to 9 p.m. Movie at UMix WHERE: Mendelssohn Theatre WHAT: There will be a showing of the movie Stephen Lynch "Invictus," laser tag and a performance by comedy show ComCo and Witt's End. WHO: University Unions :e n. it Rear window on Female staffer's VW smashed Mcard taken 1Wal-mart Stores were ranked first in CNNmon- ey.com's Fortune 500 list for this year, money.enn.com reported. The company, which saw an increase in profits in the fiscal year 2010, was ranked second lastyear. University student travel to northern Mexico was put on hold on Tuesday by the University's Travel Oversight Committee after a recent increase in violence in the region. >> PQRMORESEE OPINION, PAGE 4 At nearly 400 parks across the country next week visitors won't have to pay entrance fees as part of Nation- al Park Week, the Associated Press reported. Various special events will also take place at many parks like planting gar- dens and park clean-ups. EDITORIAL STAFF Matt Aaronson Managing Editor aaronson@michigandaily.com Jillian Berman Managing News Editor Berman@michigandaily.com SENIOR NEWS EDITORS: Nicole Aber, Mallory Jones, Stephanie Steinberg, Kyle Swanson, Eshwar Thirunavukkarasu ASSISTANT NEWS EDITORS: Dylan Cinti, Darryn Fitzgerald, Joseph Lichterman, Veronica Menaldi, Annie Thomas, Devon Thorsby, Elyana Twiggs Rachel VanGilder Editorial PageEditor vangilder@michigandaily.com SENIOR EDITOR IAL PAGE EDITORS: Brian Flaherty, Erika Mayer, Emily Orley, Laura ASSISTANT EDITORIALPAGEEDITORS:MichelleDeWitt,AlexSchiff,MatthewShutler Ryan Kartle Managing Spors Editorb artje@michigandaily.con SEIRSOTSEIOS icole Aerbac, Mrk Buns, Galana, Chris Meszaros, Joe Stapleton ASSISTANT SPORTS EDITORS: Michael Florek, Alex Hermann, Ryan Podges, Zak emzik,Timnohan, Amy Scarn JaienBl"ck Ma EagiArtditor block@michigandaity.com SENIOR ARTS EDITORS: Carolyn Klarecki, Andrew Lapin, JeffSanford AS SANTARS EDITORS: LeahBurgin, Sharon Jacobs, Emma Jeszke, MikeKuntz, KaviShekhaney MaxCollinsand photo@michigandaily.com SamWolson ManagingPhoto Editors SENI4ePHOTOEDITORFORMULTIMEDIA:ChanelVonHabsburg-Lothringen ASSISTANT PHOTO EDITORS:Aaron Augsburger, Jake Fromm,Marissa McClain, Jed Moch Sarah Squire and design@michigandaily.com Anna Lain-Zielinski ManagingDes~ignEtditrse SENIOR DESIGN EITOR:Alison Ghamandtr Trevor Calero MagazineEditor calero@michigandaily.com DEPUTY MAGAZINE EDITOR: Allie White MelanieFriedandycopydesk@michigandaiy.com Rachel Phillips Copy Chiefs BUSINESS STAFF KatieJOzwiak sales Manager SALES FORCE MANAGER: Molly Twigg MARKETING MANAGER: Michael Schrotenboer Ryan Businski classified Manager CLASSIFIED ASSISTANT MANAGER:KaylaLaFata JasonMahakian ProductionManager Allison SantacreU Layout Manager Vivian LeeFinance Manager Brittany Morales Circulation Manager Brad Wiley Project coordinator The Michigan Daily (IsSN 0745-967) is published Monday through Friday during thefall and winter terms bystudentsattheUniversity of Michiganmnecopyisavailablefreeochargetoal readers.Additionalcopiesmay bepickedup at the Saiy'sofficefor $2.Subscriptionsfor falterm, startinginSeptember, viaU.S.mailare$110. Winter termJanuarythroughApril)is$115,yearlong (September through April) is$tl.Universityaffiliatesaresubject toareducedsubscriptionrate. On-campussubscriptionsforfaltermare$35.Subscriptionsmust beprepaid.TheMichiganDaily isamemberof TheAssociated Pressand TheAssociatedCollegiatePress. S WHERE: 1114 State St. WHEN: Wednesday at 3:20 p.m. WHAT: The rear window of a female student's Volkswagen was found broken after some- one accidentally hit it with a baseball bat, University Police reported. There is $1,000 worth of damage. WHERE: Ross School of Busi- ness WHEN: Wednesday at 9 p.m. WHAT: A female staff mem- ber's Mcard and University office keys were stolen after she left them unattended, Uni- versity Police reported. There are no suspects. ' WHAT: Guitarist Stephen Lynch will perform as part of Pike Comedy Night. Proceeds will go toward Wyclef Jean's Foundation for Haiti Relief. WHO: Michigan Union Ticket Office WHEN: 7:30 p.m. WHERE: Michigan Theater Arts & Programs WHEN: 10 p.m. to 2 a.m. WHERE: Michigan Union CORRECTIONS " Please report any error in the Daily to corrections@michi- gandaily.com. MORE ONLINE Love Crime Notes? Get moreonlineat michigandaily.com/blogs/the wire ENDOWMENT From Page 1 and Media Relations' website, the endowment contributed approxi- mately $244 million in expendable revenue to the University's budget last year. In an interview after yester- day's meeting, University Presi- dent Mary Sue Coleman said the review was being conducted because a stipulation mandating it was included in the regents' vote that implemented the cur- rent 5-percent payout policy. "We changed from a three- year rolling average to a seven- year rolling average about four years ago," Coleman said. "And so in that action item we did four years ago, we said periodically we wanted to go back and look at just the rule itself of five percent, so that's the discussion we've been having." Coleman said the reason behind reviewing the policy is to ensure that the payout amount is still in the best interest of both the short-term and long-term needs of the University. "We're trying to balance pay- ing for the future with provid- ing enough money for the units today and that's a tricky balance," Coleman explained, saying it is important to consider the effects of possibly raising or lowering the endowment payout. However, Coleman stressed that no final decisions on the issue have been made yet. In an interview with The Mich- igan Daily following yesterday's meeting, Timothy Slottow, the University's executive vice presi- dent and chief financial officer, echoed Coleman's comments. Slottow said University offi- cials were indeed considering modifications to the current five- percent payout rule. And while Slottow said all options are on the table right now, he indicated that reducing the endowment payout might make more sense at this point in time. Such discussion comes amidst a challenging budget round for the University, in which Uni- versity officials say they are planning for as much as a 20- to 25- percent cut in state appropri- ations. Such a cut would elimi- nate approximately $68 million from the University's budget unless additional revenue can be found from another source. To cope with some of the bud- get hardships, Coleman has called on the University to "double its efforts" in cost containment. The University has eliminated $135 million in annual recurring costs over the past seven years. Last allowed for an increased payout year, Coleman said she expected to the University's budget, Slot- that another $100 million in cost tow explained. cutting would be in place within The University's spending rule two years. has remained fairly consistent Cutting the mandatory endow- over the past 25 years, having ment-spending rule could mean only been changed twice since less money for units on campus. 1986. However, if the payout rule cut is Starting in 1986, the endow- modest, nominal funding could ment payout was determined be maintained at current levels based on how well investments or even increased if the endow- performed in a given year - ment's performance does not meaning that if the endowment diminish. rose 5 percent overall, then 5 Even though the University's percent would be allocated in the endowment lost $1.6 billion in budget. That rule changed in the real terms last year, the seven 1990s, when the payout rule was year rolling average value of set at 5.5 percent of the endow- the endowment was such that it ment's calculated value. CHERRY From Page 1 Michigan residents. He stressed the value of preparing students at a young age to embark on a post- secondary education. "It's not good enough that every child has access to a free and pub- lic education, a K-12 education," Cherry said. "A K-12 education must assure that every graduate is prepared and ready for a post-sec- ondary experience." Cherry also repeatedly stressed adjusting the state's education sys- tem to help make innovations that will change the state's economy. "For our economy to flourish, our wealth must be based on man- ufacturing processes that are fed in part by sophisticated technol- ogy that we excel in creating and operating," Cherry said. "Our eco- nomic success will be directly pro- portional to the extent that we can shift from leveraging our muscles to leveraging our minds." The state's current educational funding is not only too minimal, but outdated as well, Cherry said. State officials are seeing the same results from the funding they would've expected to see years ago, instead of the product they would expect in the 21st century, Cherry said. In 2004, at Democratic Gov. Jennifer Granholm's request, the Cherry Commission on Higher Education and Economic Growth was launched. The commission has laid out "recommendations" for educational improvement ranging from professional development for teachers to incorporating entre- preneurial skills into the K-12 cur- riculum. Cherry said officials may need to make changes on the current public school post-secondary curriculum, which places an emphasis on obtaining a col- lege education because it raises the question of how that educa- tion applies to students who wish to transition straight from high school to full-time work. He added that the vastly dif- ferent skill sets that used to be required to pursue these pathways are now becoming increasingly similar. "The clear division between vocational and college prep is quickly disappearing," Cherry said. On the first day of the confer- ence, University professors Maris Vinovskis, Elizabeth Moje, Brian McCall and Greg Markus spoke in the School of Public Policy's Annenberg Auditorium. Vinovskis, a public policy and history professor, spoke about national education policies, saying that many of the programs dedi- cated to improving education in the country don't receive the atten- tion they require to be successful. He added that in recent years, the government has tended to exaggerate the efficacy of these policies. "We have a long history of promises unfulfilled in American development," he said. Moje, an Arthur F. Thurnau professor in the School of Edu- cation, discussed some of the findings of her ongoing research project, which is devoted to study- ing adolescent literacy in the Unit- ed States. Moje said she has found that too much focus has been put on improving test scores and academ- ic achievement at the individual level, and that a greater empha- sis should be placed on seeking to enhance the environment in which students learn. "What we really need to be attending to, and what isn't attend- ed to in these policies, is that we're not thinking about the structures, the systems, and the culture in which education is enacted, in which we attempt to teach people and provide opportunity for all," Moje said. Moje's research presentation was followed by McCall, a profes- sor of education, economics and public policy, who discussed the issue of higher educational financ- ing from a student's perspective. He talked about the debilitating effect that debt can have in not only affecting a student's ability to attend graduate school, but also in making future decisions. "Debt also affects the type of job you choose, because with the loans that you have to repay, you may look for a job that has high wages but isn't quite as interesting or not something that you really want to do," McCall said. In concordance with McCall's arguments, Markus, a professor of political science and a research professor atthe University's Center for Political Studies and Institute for Social Research, spoke of the moral and ethical reasons for pro- viding equal educational opportu- nities to all students, regardless of their financial status. Markus addressed the students in attendance and encouraged them to continue to pursue initia- tives that will improve the state's educational system. "I urge you to not be paralyzed waiting for the final research to come inas to the one best thing you should do," Markus said. "Don't wait for that research; we know that there are things that can be done." After Cherry's speech yes- terday, America Reads Director Whitney Begeman, and student representatives from the Detroit Partnership and Students for Educational Equality spoke about proposed solutions for improv- ing educational systems both in Michigan and throughout the country. Thespeakersplacedanemphasis on elementary-level and post-sec- ondary education and highlighted the importance of these develop- mental periods in helping students thrive in educational settings and later on in the workplace. Student representatives from the University's Detroit Partner- ship spoke about the importance of encouraging young children to pursue a college education. "We are trying to motivate these kids to be excited about obtain- ing a post-secondary education," Business senior Neil Thanedar, executive director of the Detroit Partnership, said. is 2010 marks the launch of Claremont McKenna College's Summer Session. All of our summer offerings are concentrated versions of regular CMC courses and will be taught by Claremont faculty Summer Session courses embody the college's unique focus on leadership and thoughtful engagement in the world and in the liberal arts. Our twenty-plus courses are designed to appeal to a broad array of college, graduate, and post-baccalaureate students from Claremont and beyond. Summer Session begins May 24 with most courses meeting MWF and running six weeks through July 2. A three-week long MTWRF Religious Studies course ends on June 11, and our seven-week Arabic immersion program ends on July 9, meeting full time MTWRF For more information, please visit http://www.claremontmckenna.edu/Iasummer ^1 6