6A - Thursday, October 6, 2011 The Michigan Daily - michigandaily.com WALL STREET From Page 1A tests are a response to the eco- nomic hardships confronting many families and small business owners throughout the country. "The financial crisis caused a deep recession in our economy, and there are many individuals who are struggling to make ends meet and to get a job and to live their lives given the economic difficulties," Barr said. "I think there's an understandable frus- tration with the difficult eco- nomic circumstances that many families are experiencing now and a desire for change." But Barr said it is too soon to tell what changes might come as a result of the protests. Michael Heaney, an assistant professor in the Department of Political Science, called the pro- tests "part of a long-standing social movement for greater eco- nomic equality" that began with the anti-World Trade Organiza- tion sentiments in the late 1990s. However, he said demonstrators' use of Wall Street as a symbol for economic inequality is a more recent phenomenon. Heaney added that when recent rallies erupted in Los Angeles, Chicago, Boston and Washington D.C., the protests proved more successful than expected. However, he said the protests are not likely to have a long-lasting significant impact. "The protesters are not going to ... engage the political system," Heaney said. "They're not going to get involved in elections, they don't engage in lobbying, they don't make any campaign contri- butions - they don't do the kinds of things that will allow them to have a major impact." But Heaney said the protesters might see some results by rais- ing awareness about issues such as income inequalities, corpo- rate accountability, the environ- ment and rising student debt. He added that the demonstrations could alter some politicians' agendas if the protesters spread their message successfully. "What politicians may do is they may look at these protests and see them as an expression of the things that ordinary people care about," Heaney said. "And if they see them that way, they may be more likely to take up some of these issues in their campaigns." The protests could also bol- ster the efforts of politicians as they hope to push legislation through Washington. President Barack Obama's recent proposal to create a minimum tax rate for Americans earning more than $1 million per year could receive support from the protesters who are in favor of higher taxes for the wealthy, Heaney said. Heaney said that though he predicts the protests won't prog- ress much further, he wouldn't be surprised if he is proven wrong given the proliferation of groups nationwide mimicking Occupy Wall Street. - The Associated Press contributed to this report. UMHS From Page 1A UMHS is at risk of losing $100 million from its clinical operating margin in the next seven years, she said. Pescovitz also wants UMHS to cultivate an "interdisciplinary learning environment," improve patient care experience and engage in "groundbreaking" dis- coveries. She highlightedUMHS's success this past year, citing that the University received the most funding from the National Cancer Institute out of any other academ- ic medical center in the country in the 2010 fiscal year. U.S. News and World Report ranked the University Medical School tenth in research in the nation in 2010 and the Univer- sity Nursing School sixth in the nation, Pescovitz added. "We really have a lot to be proud of," Pescovitz said in her speech. However, the mood of her speech shifted slightly, as Pesco- vitz addressed ongoing nego- tiations between UMHS and the Michigan Nurses Association. The negotiations started in April, and nurses at UMHS have not had a contract since July. Pescovitz emphasized the importance of competitive wages and benefits for the nurses at UMHS.. "Our nurses are really on the front line of seeing our patients," she said. "Our nurses are critical to creating the ideal patient care experience ... and ensuring qual- ity patient care." Ann Sincox, a member of the Michigan Nurses Association, said in August that UMHS's focus on facility expansion is a main reason for the current contro- versy. "The only concern UMHS has expressed recently is how much the new Mott Children's Hospi- tal is costing them," Sincox said at the time. "Their decision to build at a time that the economy slumped should not be paid for on the backs of the nurses." Despite the ongoing negotia- tions, the hospitals and health centers unit of UMHS recorded strong year-end fiscal reports in June. The unit showed an expected operating margin of 2.1 percent on revenues of $2.1 billion for the 2011 fiscal year, according to a June 16 UMHS press release. For its 2012 budget, which the University's Board of Regents voted on in June, the unit pro- jected a 3-percent positive oper- ating margin, the press release states. Hospitals and health cen- ters adjusted their projection to a 1.1-percent negative operating margin after accounting for the opening of the newly renovated C.S. Mott Children's Hospital and Von Voigtlander Women's Hospital and the initiation of the first phase of Mi-Chart - a new information technology system for UMHS. The updated hospitals are set to open next month. Despite the strain that the two projects will place on the UMHHC budget, Doug Strong, chief executive officer of the unit, acknowledged the long-term ben- efits of the new hospitals. "These two projects ... will prepare us to serve even more patients, and in a more effi- cient environment, for decades to come," Strong wrote in the release. STARTUPS From Page 1A ate businesses that improve the Michigan economy," Coleman said. Timothy Slottow, the Univer- sity's executive vice president and chief financial officer, said in a question-and-answer ses- sion after Coleman's speech that the University is making a smart choice by investing in start- ups, and it may choose to invest more in certain companies in the future. "We're excited about it. It's a little bit different than what we typically do," Slottow said. "It adds more diversification, and we're long-term investors so we're willing to stick with them for as long as it takes." After the event, Coleman told the press that though the pro- gram is exclusively supporting faculty startups, it could eventu- ally expand to aid student busi- nesses. However, the student startups would have to meet the same requirements as faculty startups. With an eye toward the Uni- versity's bicentennial in 2017, Coleman also announced the formation of the Third Century Initiative. The $50 million pro- gram is tasked with developing multidisciplinary approaches to solving problems associated with climate change, poverty and other societal problems. Coleman said the initia- tive will focus specifically on "immersive learning experienc- es" for undergraduate students, like studying abroad or devel- oping innovative projects in the United States. The initiative will also focus on "grand chal- lenge problems," with students from different disciplines col- laborating to find a solution. She gave an example of Engineering and Medical students working together to examine a body after a car crash to better understand vehicle safety. "It's the multidisciplinary approach," Coleman said. "It's getting everyone who has to do with any part of the problem to see the whole problem and not just their little piece." Coleman said it was named the Third Century Initiative because she and University Provost Philip Hanlon, who assisted in the program's devel- opment, want to move the Uni- versity forward into its third century as a public institution. Hanlon "(The initiative is called) Third Century because we believe the teaching, research and service that grow out of this initiative will propel the Uni- versity into its next 100 years with enormous momentum," Coleman said. "It will secure Michigan's future position as the world's leading public research university." The Third Century Initiative will be financed through exist- ing University resources, as funds from various schools and colleges have been reallocated for the initiative. The Third Century Initiative is intended to fund the activities University faculty and students are increasingly engaging in - such as undergraduate research, study abroad and entrepreneur- ial work - Hanlon said. "What the Third Century Ini- tiative is really all about is, again, taking the best ideas that are emerging from campus and try- ing to advance them and acceler- ate them," he said. In an interview with The Michigan Daily after Coleman's address, Hanlon said the new initiatives are meant to usher the University into its bicentennial in six years. "We want to really generate a lot of excitement, spur a lot of creativity, spur a lot of innova- tion on this campus by the whole community, students, faculty," Hanlon said. "Students can have a lot of great ideas here too, and what we want to do is really hit the bicentennial with a lot of for- ward momentum." - Daily News Editors Caitlin Huston and Joseph Lichterman contributed to this report. COUNCIL From Page 1A lenger Stuart Berry. Berry said he hopes funding reductions to public safety departments haven't adversely affected safety in the city, and, if elected, he would work to limit city funding to basic ser- vices. "When times are tough, council has to make tough choices that are not part of basic services," Berry said. In an interview after the event, Anglin said his ultimate concern for students is safety. "I want to make sure when, late at night, when the students are moving around much later than the general population, that they remain safe and that we have enough police out there to make sure (of) that," Anglin said. "I'd like to change the light- ing ordinances just to make sure that landlords in the area need to know they have to light their properties." The candidates also discussed the annual street and sidewalk mileages to improve city streets and sidewalks that Ann Arbor resi- dents will vote on in November. Currently, residents are responsi- ble for repairing sidewalks in front of their homes, but the mileage would transferthatcduty to the city. Kunselman and Parker both said they would support the annu- al street mileage. Kunselman said this year's mileage also includes improvements to bridges, which was not in past mileages. He also noted that this could include the East Stadium Boulevard Bridges project currently being discussed by City Council. Republican Ward 4 candi- date Eric Scheie said the current sidewalk policy is inefficient and expressed concern over whether the city has repaired the sidewalks of residents who contracted the city. Berry said he was concerned that money used for the street mileage would not be used prop- erly. He said he would vote against the sidewalk mileage because he believes it would be unfair to tax people who had already improved their sidewalks using their money. Candidates were also asked about the proposed Fuller Road Station - a mass transit project headed by the city, the University and several state and federal gov- ernment entities. Citing the recent debate over the station, Kunselman said there is a lack of information regarding the project, and the University has not been forthcoming with resources. He noted that current plans only show the construction of a parking structure rather than a train station. "I'm again very reluctant on the whole project because unless it actually includes a train station ... I will not support it," Kunsel- man said. Scheie said the project should be voted on by residents, and not just the council. "I don'tlike the planand Ithink it's undemocratic," Scheie said. - Angela Son and Alexandra Mondalek contributed to this report. 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McNeil's other research proj- ect is concerned with conjugat- ed polymers, materials that can absorb and emit light as well as conduct charge. The polymers are used in solar cells and tran- sistors, according to McNeil. In her research, McNeil works primarily on the synthe- sis of new polymers or the com- bination of large molecules with repeatingunits. The money from the grant will be used to research gra- dient copolymers, which are molecules that have "a gradual change in sequence from one chain end to the other," McNeil wrote. Jablonowski has been build- ing virtual climate models - computer models that help scientists predict weather fore- casts - using a technique called adaptive mesh refinement that can help in the understanding of "future climate change sce- narios," she explained. "The system is an adaptive grid ... because the resolution of the grid spacing is not uni- form," Jablonowski said. "In some areas you have wider grid spacing, and in some areas you have smaller grid spacing, and depending on the spacing you capture different features of the atmosphere." She added that the spacing of the virtual grid is important because a finer grid highlights specific areas, while a wider grid provides less detail. So if scientists are tracking a particu- lar storm, they can increase the number of grids in the storm's specific area and decrease the number in other areas. Jablonowski, who received her Ph.D. in atmospheric and space sciences and scientific computing for atmospheric, oceanic and space sciences from the University, said this particu- lar field of research combines all her academic interests. "My background is quite interdisciplinary, so my back- ground is an atmospheric sci- ence background," she said. "That's my home discipline, but I was always interested in numerical methods and applied mathematics and also in com- puter science." 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