01
2A - Friday, October 15, 2010
The Michigan Daily - michigandaily.com
MONDAY: TUESDAY:
In Other Ivory Towers Michigan Myths
WEDNESDAY:
Professor Profiles
THURSDAY:
Campus Clubs
LEFT: LSA sophomore Nate Juliar
jumps over a bush in front of
Rackham Auditorium on Sunday,
Oct, 10, 2010. Juliar is a member
of Michigan Parkour. (MARISSA
MCCLAIN/Daily) TOP RIGHT:
University a capella group Amazin'
Blue rocks out on the fourth floor
of the Michigan Union tora photo
shoot for the Daily on Tuesday,
Oct 12, 2010. Last February, the
group made it to the semifinals of
the International Championship of
Collegiate A Cappella, where they
competed against other a capella
groups in the Midwest. (SALAM
RIDA/Daily) BOTTOM RIGHT: A
young boy shows his excitement
at the premiere of "Answer This!"
at the Michigan Theatre on Friday
Oct. 8, 2010. "Answer This!" was
directed by University alum Chris
Farah and features former Univer-
sity English Prof. Ralph Williams.
(MARISSA MCCLAIN /Daily)
WANT MORE PHOTOS?
See more Photos of the Week
on our website,
michigandaily.com.
CRIME NOTES
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CAMPUS EVENTS & NOTES
20 barrel tops Ford Focus Relaxation
swiped at Keen window busted seminar
WHERE: Cliff Keen Arena
WHEN: Wednesday at about
11:30 a.m.
WHAT: 20 tops to plastic
barrels, valued at $200, were
taken, University Police
reported. The suspect is a
college-aged Asian male.
WHERE: Lot NC-37
WHEN: Wednesday at about
11 p.m.
WHAT: A red Ford Focus had
its driver's side window bro-
ken, University Police report-
ed. There are no suspects.
Food filched Dell D630
from hospital laptop lifted
WHERE: C.S. Mott Children's from the Dude
WHAT: A workshop
will teach stress reduc-
tion techniques, including
deep muscle relaxation
and mental relaxation.
WHO: Counseling and
Psychological Service
WHEN: Today from
12:15 p.m. to 1p.m.
WHERE: Michigan
Union, Room 3100
Comets and
cappuccino talk
WHAT: A lecture will
explain how a cappuc-
cino at the Vatican 15
years ago inspired a new
way to measure the den-
sity of meteaorites.
WHO: Department
of Physics
WHEN: Saturday from
.0:30 a.m. to 11:30 a.m.
WHERE: Dennison,
Rooms 170 and 182
CORRECTIONS
" In a Daily article yes-
terdaytitled-"Councils
team up, teach about
hazing's perils"
incorrectly identified
Stephanie Clark as the
chair of the Panhellenic
Hazing Prevention Task
Force. She is the chair of
the Hazing Task Force.
. The article also incor-
rectly stated that the
four Greek councils were
responsible for program-
ming activities dur-
ing Hazing Prevention
Week. The Hazing Task
Force was responsible.
" The article also incor-
rectly identified Tra-
vis Apgar as the associate
dean of students at Ithaca
College. He is the associ-
ate dean of students at
Cornell University.
. Please report any error
in the Daily to correc-
tions@michigandaily.com.
According to a recent
report from the Center for
Disease Control and Pre-
vention, Hispanics in the Unit-
ed States can expect to outlive
whites by more than two years
and blacks by more than seven
years, The New York Times
reported.
The Michigan Foot-
ball team's total defense
through six weeks ranks
112th natiunally. Iowa's defense
ranks 2nd. The two teams will
meet on Saturday at the Big
House at 3:30 p.m.
y FOR MORE, FOOTBALLSATURDAYINSIDE
More Americans are
choosing to have "green
burials," the Chicago Sun-
Times reported. The burials
do not involve concrete vaults,
metal coffins or any chemi-
cals. According to the Green
Burial Council, there are 300
approved providers in 40
states.
Hospital
WHEN: Wednesday at about
11:40 p.m.
WHAT: Three women were
suspected of stealing food
from nutrition rooms at C.S.
Mott Children's Hospital, Uni-
versity Police reported. There
are no suspects.
WHERE: Duderstadt Building
WHEN: Wednesday at about
1:45 p.m.
WHAT: A Dell D630 Tencor
laptop was stolen while left
unattended between 1 and 1:30
p.m., University Police report-
ed. There are no suspects.
MOREONLINE
Love Crime Notes? Get more online at michigandaily.com/blogs/The Wire
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ENDOWMENT
From Page 1A
I
ments.
The return is on par with what
several other universities across
the country have experienced,
putting the University - with the
seventh largest endowment in
American higher education and the
second largest of a public university
- in the top quartile of investment
returns for the year.
The University of Virginia
saw a 12.5-percent return on its
endowment this year, helping to
offset its 21-percent loss last year.
Similarly, Harvard University
gained 11 percent on its endow-
ment this year, which helped
make back losses it suffered in
2009 when it lost 27.3 percent of
its value. And Yale University saw
an 8.9-percent bump this year on
its endowment, which fell by 24.6
percent last year.
Presenting this year's per-
formance results in a report on
behalf of the University's Board of
Regents Finance, Audit and Invest-
ment Committee, Regent Kather-
ine White (D-Ann Arbor) boasted
about the University's investment
returns.
"We have continued to increase
our endowment distribution to
support University operations year
to year," White said. "Last year we
made $256 million in distribution
back to the units, up from $244
million in fiscal year 2009 and $227
million in FY'08."
White went on to say that over
the last five years, the endowment
FOOTBALL
From Page 1A
two of college football's winningest
programs. The previous three meet-
ings were in bowl games.
"We are excited about playing a
regular-season game in the state of
Texas, a region of the country where
we have traditionally recruited,"
Brandon said in the a statement.
"Our goal is to get as many Michi-
gan fans to the game as possible to
witness this matchup of traditional
powers."
Associate Athletic Director for
Mediat and Public Relations David
Ablauf said the Alumni Association
is already planning on having alum-
ni tours and plans are in the works
to make sure Michigan fans who
live in Texas will be at the game.
On his weekly radio show, Michi-
gan coach Rich Rodriguez said that
has contributed $1.1 billion back to
support University operations.
"Our long-term portfolio per-
formance over the last 10 years is
in the top quartile in investment
returns for other endowments
and we look forward to continuing
strong investment returns given
our strategic and prudent fiscal
policies coupled with our aggres-
sive cost containment measures,"
White said.
In an interview following yes-
terday's meeting, Regent Andrea
Fischer Newman (R-Ann Arbor)
said the growth of the endowment
is essential to keeping higher edu-
cation affordable.
"I hope we keep growing it
because we need to keep growing
it," Newman said. "We need to do
all we can to offset the cost of edu-
cation and one way to do that is
through the endowment."
Regent Julia Darlow (D-Ann
Arbor) echoed Newman's satisfac-
tionwiththe endowment'sgrowth,
calling it terrific.
University President Mary Sue
Coleman joked in an interview that
she's much happier with this year's
results than last year's.
"I feel a lot better this year than
I did this time last year," Cole-
man, said laughing when asked
for her opinion on the investment
returns.
Coleman also said she has a
great deal of faith in the Universi-
ty's investment team - ledby Chief
Investment Officer Erik Lundberg.
"They have special expertise
that they have been able to gener-
ate for us consistently ... in the top
performance," Coleman said.
tickets for the game would be split
50-50 between the schools.
According to an Alabama press
release, "The game will mark the
fourth year of a five-year agreement
between Cowboys Stadium and
ESPN to bring a top college football
game to North Texas during the
Labor Day weekend to start the col-
lege football season."
Past games featured Brigham
Young University against Oklahoma
in 2009 and Texas Christian Uni-
versity and Oregon State earlier this
season. LSU and Oregon will play at
Cowboys Stadium in 2011.
"It will have been the fourth time
that (Cowboy Stadium is) hosting
an early-season game," Ablauf said.
"They had approached Michigan
and it's agreat place for us to play."
Alabama is the defending BCS
national champion and spent most
of the season so far ranked at No.
1, before the team was defeated by
In an interview after yesterday's
meeting, Slottow said that while
he was happy with this year's per-
formance, it is more important to
consider investment returns in the
long term and not focus solely on
returns from year to year.
"Weexpectto makemoneysome
years and we expect to lose money
other years," Slottow said. "Any
one year is really meaningless.
What really matters is the five- and
10-year performance because we
have long-term commitments for
expenses and supporting faculty
and students."
To protect itself from unpredict-
ability in the market, University
officials implemented a seven-year
rolling average in 2006 that aver-
ages the endowment's most recent
28 quarterly statements to deter-
mine the value with which the
endowment's payout is calculated.
The long-term approach of the cal-
culation helps smooth out peaks
and valleys in the endowment's
value - protecting the University
from value volatility, as it did when
the endowment values across the
country fell last year.
The University's Board of
Regents also approved a proposal
over the summer that will lower
the rate of endowment spending -
taking it down a half percent from
a 5-percent annual distribution to
a 4.5-percent annual distribution.
The measure is being implemented
gradually to ensure that the total
dollar amount distributed does not
fall during implementation.
- Daily Staff Reporter Joseph
Lichterman contributed to this report.
South Carolina last week.
As of now, Ablauf said officials
haven't discussed whether Michi-
gan and Alabama would meet
beyond this game. The Wolverines
lead the all-time series, 2-1. Michi-
gan was victorious in the last meet-
ing, which was a 35-34 win in the
2000 Orange Bowl.
"We have such tremendous
respect for Michigan: their school,
their outstanding tradition, and
their following," Alabama Athletic
Director Mal Moore said through
a statement. "It's a terrific opportu-
nity for our student-athletes and our
entire program, in addition to being
a great benefit in recruiting. It's yet
another chance for our university
to be showcased on a national stage
early in the season at a terrific sta-
dium."
- Daily Sports Writer Nicole
Auerbach contributed to this report.
BETTER SWEATER
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