2A -- Thursday, November 11, 2010 The Michigan Daily - michigandaily.com 2A - Thursday, November 11, 2010 The Michigan Daily - michigandailycom MONDAY: TUESDAY: In Other Ivory Towers Michigan Myths WEDNESDAY: Professor Profiles FRIDAY: Photos of the Week Blood Drives United Though many students won't have the opportunity to see the Ohio State Univer- sity game on the gridiron in Columbus during Thanksgiv- ing break, Blood Drives Unit- ed is offering an alternative way to support the University in its longstanding rivalry against the Buckeyes. Now in its 29th year, the UM/OSU Blood Battle is col- lecting blood for the Ameri- can Red Cross and pitting rival schools against one another in the process. Blood Drives United - along with other campus organizations including Alpha Phi Omega, the Red Cross Club and Circle K - is encouraging students to show their school spirit through friendly competi- tion and help those in need of healthy blood. Last year and the year prior, the Wolverines won the battle, and LSA senior and Blood Drives United chair Mary Rock said she expects this year to be no different. "Blood Battle is off to a great start," Rock said. "We've had a lot of excited first-time and returning donors, and we're looking forward to see- ing even more people come donate in the next week and a half." With 20 more blood drives left this month support- ing Blood Battle, Rock said her organization is trying to incorporate all parts of cam- pus into the competition. To register to donate blood at a variety of locations on cam- pus including the Michigan Union and Yost Ice Arena, students can log on to www. redcrossblood.org and enter goblue into the sponsor code field. "Our numbers (of partici- pants) have been increasing," Rock said. "We were able to raise our goal this year to 2,500 pints." In addition to focusing on recruiting donors, Rock said she and others in the orga- nization want to make the drives fun and safe for all involved. She added that it's impor- tant for donors to eat prior to giving blood, stay hydrat- ed throughout the day and expect to be in a donation appointment for up to an hour and a half. "I know students are busy but ... you could be saving three lives," she said. - CLAIRE GOSCICKI Engineering junior Sara Vansant donates blod while Gail Diebolt, helps in a blood drive for the 29th annual UM/OSU Blood Battle.. 420 Maynard St. Ann Arbor, MI 48109-1327 www.michigandaily.com JACOB SMILOVITZ KATIEJOZWIAK Editor in Chief Business Manager 734-418-4115 ext. 1252 734-418-4115 ext. 1241 smilovitz@michigandaily.com tmdbusiness@gmail.com CONTACT INFORMATION Newsroom Officehours.sun.-'Thurs. 11a.m..-2a.m. 734-418-4115nopt.3 News Tips news@michigandaily.com Corrections aar ctions@michigandaily.com Letters tothe Editor tothedaily@michigandaily.com PhotographyDepartment photo@michigandaily.com Arts ection artspage@michigandaily.com Editorial Page opinion@michigandaily.com SportsSection sports@michigandaily.com Display Sales display@michigandaily.com Classified Sales classified@michigandaily.com OnlineSales onlineads@michigandaily.com Finance finance@michigandaily.com EDITORIAL STAFF Matt Aaronson ManagingEditor aaronson@michigandaily.com Jillian Berman Managing NewsEditor berman@michigandaily.com SENIOn EWasE IORS Nicole Aber, Stephanie Steinberg, Kyle Swanson, Eshwar nhi...,s,.kkara.., aDevo n hsby ASSISTANT NEWS EDITORS: Bethany Biron, Dylan Cinti, Caitlin Huston, Lindsay Kramer,Joseph LichtermanVeronicaMenaldi,cElyanaTwiggs Rachel VanGilder Editorial Page Editor vangilder@michigandaily.com SENIOR EDITORIA L PAGE EDITORS: Michelle DeWitt, EmilyOrley, Laura Veith ASSISTANTEDITOR A LPAGEDITORS:WilButler,WilGrundler,HarshaPanduranga Ryan Kartie Managing sportsEditor kartje@michigandaily.com SENIORSPORTS EDITORS: Mark Burns, MichaelFlorek, Chantel Jennings, Tim Rohan, Nick Spar,JoeStapleton ASSISTANTSPORTS EDITORS: BenEstes,Stephen Nesbitt,LukePasch,ZakPyzik,Amy Jamie Block ManagingArts Editor block@michigandaiy.com SENIOR ARTS EDITORS: Carolyn Klarecki,AndrewLapin, Jeff Sanford ASSISTANTARTSsEDITORS:KristynAcho, LeahBurgin,SharonJacobs,KaviShekhar Pandey, David Tao MaxCollins and photo@michigandaily.com SanWolsan Managing PhotoEdinors SEnO nOasOEna :sn Bond, M issaMcClain ASSISTANT PHOTO EDITORS: Jake Frommn,Jed Moch Annatein-Zielinskiand design@michigandaily.com Sarah Squire ManagingDesignEditors SENIOR DESIGN EDITOR:MayaFriedman T Yevr Galeno MaEnzei na kEdircalero@michigandaily.com Melanie Friedand copydesk@michigandaily.com AdiWollstein CopyChiefs BUSINESS STAFF Julianna Crim sales Manager SALESFORCEMANAGER:Stephanie owker MARKETING MANAGER: Gjon Juncaj Hillary Szawala Classified Manager CLASSIFIED ASSISTANT MANAGER: Ardie Reed Jason Mahakian Production Manager Meghan-Rooney Layout Manager Nick Meshkin Finance Manager Chrissy WinklernCirculation Manager Zach Yancer Web Project Coordinator The Michigan Daily OsSN 0745-967) is published Monday through riday during thelfall and wintertermsby studentsattheUniversityofMichigan.Onecopyisavailablefreeofchargetoall readers.Additionalcopiesmay be picked upatthe Dailysofficefor$2.Subscriptionsforfallterm, starting etpmeber,via.S.nmailaea$1.eiter trm (anay trog Arlisp$15,earlng (September through April>ais $95.University affiliatesaresubje tto aredyced sbscripn rate On-campussubscriptionsforfaltermare$35.Subscriptionsmst beprepad The Michgan saily isa member of The Associated Press and The Associated Collegiate Press. CRIME NOTES CAMPUS EVENTS & NOTES Hood ornament Combo breaker Mentorship Auditions for taken from car WHERE: 300 Block South mass meeting dance crews observatory WHERE: M-18 Carport WHEN: Tuesday at about 4:45 WHAT: Undergraduate , WHAT: Open to any gros WHEN: Tuesday at about 5:30 p.m. students interested in of three or more, Michiga p.m. WHAT: A bike valued at $900 becoming peer mentors Best Dance Crew audi- WHAT: Hospital security was secured to a bike rack with a will learn the basics of tions will allow studentst alerted thata hood ornament combination lock was stolen, what is required along with showcase their best move was stolen from a vehicle, Uni- University Police reported. the specifics of the job. WHO: University Unions versity Police reported. There There are no suspects. WHO: Office of New Arts and Programs are currently no suspects. Student Programs WHEN: Today from WHEN: Today at 5:30 p.m. 6:00 p.m. to 9:00 p.m. WHERE: Michigan WHERE: Michigan T l . . Vehicle misses Union, Pond Room League Underground Triple teriyaki sret its nole meal steal Author gives CORRECTIONS WHERE: 200 Block Fletcher . * A Nov10 article in WHERE: University Hospital WHEN: Tuesday at about talk on life in WHEN: Tuesday at 12:15 p.m. 10:30 a.m. . r . The Michigan Daily WHAT: Three chicken teriya- WHAT: A light pole was dam- journalismC'MSA decries use of UP n's to s. A new report shows agrow- ing education gap between black and white students, a New York Times article report- ed. The report states that only 12 percent of black eigth-grade males are proficient in read- ing, compared to 44 percent of white males. The Indian American Student Association is putting on its 23rd annual cultural show this weekend. The IASA show is the larg- est student production in the country. >>FOR MORESEE THE B-SIDE, PAGE 3B According to recent research, teens who text more than 120 times per day,or"hyper-texters,"aremore, likely to have had sex and used drugs or alcohol, a FOXNews. com article reported. ki meals were stolen from the University hospital's cafeteria, University Police reported. The suspect was confirmed as a female hospital visitor. aged when it was struck by a vehicle, University Police reported. The cost of damage was estimated to be $5000 and there are no suspects. . WHAT: Tony Collings, author of "Capturing the News," will discuss his life as a journalist and his adventures on the job. WHO: University Library WHEN: Today at 7p.m. WHERE: Harlan Hatcher Library, Gallery in Room 100 live animals in flight course") misidentified MSA's former student general counsel and LSA senior Gabriel Suprise. 9 Please report any error in the Daily to corrections@michi- gandaily.com. MORE ONLINE LoveCrimeNotesGetmoreonlineatmichigandaily.com/blogs/The Wire - Ii1 GM reports $2B profit in Q3 ahead of stock Thousands of students march during a protest against plans to increase tuition fees and cut university funding. Violence broke out against police during the march. Thousands of students in UK protest tuition hike Violence erupts amidst plans to triple university fees LONDON (AP) - Tens of thou- sands of students marched through London yesterday against plans to triple university tuition fees, and violence erupted as a minority bat- tled police and trashed a building containing the headquarters of the governing Conservative Party. Organizers said 50,000 stu- dents, lecturers and supporters demonstrated against plans to raise the cost of studying at a uni- versity to 9,000 pounds ($14,000) a year - three times the current rate - in the largest street protest yet against the government's sweeping austerity measures. As the march passed a high- rise building that houses Con- servative headquarters, some protesters smashed windows as others lit a bonfire of placards out- side the building. Office workers were evacuated as several dozen demonstrators managed to get into the lobby, scattering furniture, smashing CCTV cameras, spraying graffiti and chanting "Tories Out," while outside police faced off against a crowd that occasionally hurled food, soda cans and placards. "We are destroying the building just like they are destroying our chances of affording higher educa- tion," said Corin Parkin, 20, a stu- dent at London's City University. The violence appeared to be car- ried out by a small group as hun- dreds of others stood and watched. Anarchist symbols and the words "Tory scum" were spray-painted around the building, and black and red flags flew from atop an office block beside the 29-story Millbank Tower. Rooftop protesters threw down water, paper - and in one case a fire extinguisher, to boos from the crowd below. Police said eight people, a mix of protesters and police officers, were taken to hospitals with minor inju- ries. The Metropolitan Police said, "A small minority of protesters have taken it upon themselves to cause damage to property, whilst the vast majority have peacefully made their point." Nearby, the headquarters of Britain's MI5 spy agency, Thames House, was sealed with heavy metal doors as police guarded the rear exits. I Organizers condemned the vio- lence. Sally Hunt, general secretary of faculty group the University and College Union, said "the actions of a minority, out of 50,000 people, is regrettable." Elsewhere, protesters were peaceful but determined. "I am here because it is impor- tant that students stand up and shout about what is going on," said Anna Tennant-Siren, a student at the University of Ulster in Coler- aine. "Politicians don't seem to care," she said. "They should be tak- ing money from people who earn seven-figure salaries, not from stu- dents who don't have any money." Frances O'Grady, of the Trades Union Congress, said the hike would make colleges "no-go zones for young people from ordinary backgrounds." "This is about turning colleges and universities from learning institutions into finishing schools for the rich," she said. Britain's Liberal Democrats, who are part of the coalition gov- ernment with the Conservatives, pledged during the country's elec- tion campaign to abolish fees. Protest leaders said they would attempt to use recall powers to oust lawmakers who break campaign promises on the issue. Detroit auto giant reports third straight profitable quarter DETROIT (AP) - Strong prof- its on new cars and trucks helped General Motors Co. earn $2 billion in the third quarter, enhancing the company's appeal as it nears next week's initial public stock offering. The third-quarter earnings of $1.20 per share nearly match what GM made in the first two quarters of the year combined, aided by profits from overseas and healthy revenue from North America, the company said yesterday. The earn- ings were boosted by higher prices from newly introduced models such as the Buick LaCrosse, a mid- size luxury sedan. "I think the results of the third quarter clearly point to the amount of progress that GM has made," GM CEO Dan Akerson said in a conference call with analysts and media. He said GM is on track to make 2010 its first profitable year since 2004. The results were another indi- cation of a widespread recovery, among global automakers. Toyota, Honda, Nissan, Chrysler and Ford all reported improved results in the most recent quarter as auto sales slowly rise. The strong quarter meant that GM met projections it made a week ago that net income for the quarter would be $1.9 billion to $2.1 billion. It was the third-straight profit- able quarter for GM, which needed $50 billion in U.S. government aid to make it through bankruptcy protection last year. The com- pany has repaid or plans to repay taxpayers $9.5 billion, and the government hopes to get back the remaining $40 billion with the Nov.18 common stock offering and several follow-up sales. Also yesterday, a person briefed on the matter said that Swiss bank UBS is no longer working on the IPO because one of its employees leaked information about it in an unauthorized e-mail. The per- son didn't want to be identified because the bank had not been publicly named as the source of the e-mail. The latest results reversed a $908 million loss, or 73 cents per share, in the third quarter of last year, a short quarter for GM because it spent the first nine days in bankruptcy protection. The Detroit automaker posted $34.1 billion in revenue for the July-through-September quarter, up 35 percent from the $25.1 bil- lion in the shortened period last year. GM had said last week that revenue could reach $34 billion for the quarter. Revenue has been steadily increasing this year, largely due to gains in North America and explo- sive sales growth in China. ! For the quarter, GM reported strong profits in all of its regions but Europe, where it lost $559 mil- lion. The company reported $2.1 billion in profits from North Amer- ica, and its international opera- tions, including Asia and Latin America, made $646 million. GM said better pricing in North America contributed $600 million to its bottom line. The company has cut back on costly incentives and is earning more per vehicle on some new products. In an Internet pre- sentationforpotential investors last week, GM said it's making $7,500 more per car for the 2011 Buick LaCrosse compared to the previous model. LaCrosse sales have more than doubled so far this year. The earnings per share figure for the quarter was adjusted for a three-for-one stock split approved by GM's board last week in advance of the initial public offering. The third-quarter earnings come in the middle of a two-week "road show" in which GM execu- tives are fanning out to U.S. and European money centers to sell investors on the upcoming IPO. The positive third-quarter per- formance should help them make their case. But investors likely will have questions about the losses in Europe and how GM will handle increasing competition that's coming in the U.S. for several key GM models. For example, the new Chevrolet Cruze compact now is the newest car in its class in the U.S., butFord, Honda and others soon will unveil strong new products. "We know we have much more Loffering work to do. We still need to fix Europe. We continue to be vigilant in reducing costs in the enterprise, and we have just started doing a better job in marketing our brands to consumers," Akerson said. GM warned that it expects a lower pretax profit in the fourth quarter as it ramps up spending for the launches of the Cruze and the Chevrolet Volt electric car. The company made a pretax profit of $2.3 billion in the third quarter. The company also said it made a second-quarter accounting mis- take involving devalued Venezu- elan currency, reducing cash by $199 million. GM says doesn't con- sider the error to be material. GM has been plagued by accounting errors and has listed lax financial controls as a risk factor in its IPO. Another problem that surfaced in GM's earnings report: its global market share fell to 11.5 percent from 11.9 percent in the third quar- ter of 2009. The company said its share partly declined because it saw fewer sales to rental, corporate and government fleets. Fleet sales accounted for a little more than a quarter of the company's sales in the latest period, compared with 34 percent of its sales in the second quarter. GM said it ended the quarter with $35.8 billion in cash, up from $33.6 billion in the previous quar- ter, and $8.6 billion indebt, up from $8.2 billion. GM said the increase in debt was primarily due to unfa- vorable fluctuations in currency, including a stronger Canadian dol- lar and a weaker British pound. The company didn't answer questions during a conference call with analysts and the media, cit- ing rules that limit communication before public offerings. In the stock sale, three of GM's four owners - the U.S. govern- ment, Canadian and Ontario governments and a union health care trust - will sell 365 million shares, or about a quarter of the company's outstanding common stock, for between $26 and $29 a 4 share. The IPO will raise about $10 billion for the three owners and allow the largest, the U.S. government, to reduce its stake in the company from 61 percent to just over 40 percent.