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February 06, 2013 - Image 1

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The Michigan Daily, 2013-02-06

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Ann Arbor, Michigan

Wednesday, February 6, 2012

michigandaily com .

COMMUNITY INVOLVEMENT
'U'ranked in
top five for
Peace Corps
involvement

93 alumni serve
in 43 countries
around the world
By IAN DILLINGHAM
Daily Staff Reporter
The University is continuing
its reputation as leader in the
Peace Corps, moving up on a list
of top colleges participating in
the program.
TheUniversitynowranksfourth
in the nation amonglarge universi-
ties for Peace Corps involvement,
with93alumni servingincountries
around the world, according to the
2013 Peace Corps Top Colleges
rankings. Last year, it ranked fifth.
Carrie Hessler-Radelet, Peace
Corps acting director, announced
the new rankings in a conference
call on Tuesday.
"The University of Michigan
is really the birthplace of Peace

Corps," Hessler-Radelet said. "U
of M has always been a fantastic
volunteer (University, which) has
generated over 2500 (volunteers),
making it fourth in all-time pro-
duction of volunteers."
Among large universities -
those with more than 15,000 stu-
dents - the University trails the
University of Washington, Seattle;
the University of Florida; and the
University of Wisconsin, Madison,
which all have more than 100 vol-
unteers servingin the Peace Corps.
Students entering the Peace
Corps serve for 27 months in a
variety of social, econtomic and
political roles around the world.
Many students join before going
on to a wide range of other
careers, Hessler-Radelet said.
"Peace Corps prepares gradu-
ates to be global citizens and
succeed in the 21st century,"
Hessler-Radelet said. "In today's
highly competitive job market,
See PEACE, Page 2A

1TODD NEEDLE/Daily
Freshman Nik Stauskas celebrates with fans in Crisler Arena after Michigan defeated Ohio State in overtime yesterday.
'M' blocksBuckeyes

Defensive stop
seals OT thriller
over Ohio State
By DANIEL WASSERMAN
Daily Sports Editor
Michigan students, equipped
with tents, began lining up out-
side Crisler Center at 11 p.m.
Monday night. More than 25

hours and one low-scoring over-
time period later, they walked
away happy campers.
On the possession after get-
ting stripped by opposing point
guard Aaron Craft, sophomore
Trey Burke blocked Craft's
would-be go-ahead jumper
with just nine seconds left.
Freshman forward Glenn Rob-
inson III hit one of his two
free throws, and with less than
three seconds to play, junior

Tim Hardaway Jr. blocked a
Craft layup to secure the 76-74
win for the No. 3 Michigan bas-
ketball team.
Controversy immediately
ensued, as many, including
Hardaway, thought Craft was
fouled on the last play, which
would've sent him to the line
with a chance to send the game
into double overtime.
"I thought Trey fouled him,
and I thought the whistle was

going to blow, and I just went
for the ball," Hardaway said. "I
saw the ball in my face, so I just
wrapped it up and probably got
his arm or something like that,
but it's up to the refs to make
that call, and they let it go."
Burke opened overtime doing
what he couldn't do in the clos-
ing seconds of regulation. The
point guard, who missed a buzz-
er-beating 3-pointer to end reg-
See BUCKEYES, Page 7A

CAMPUS LIFE
Speaker
calls for
equality
Gonzalez discusses
undocumented
students
By CASSANDRA BALFOUR
Daily StaffReporter
Robert G. Gonzalez, an assis-
tant professor at the University
of Chicago, started off his pre-
sentation discussing the lives of
Americans raised by undocu-
mented immigrants by telling
the story of Alex, a boy he worked
with in Chicago. Alex wasn't able
to attend a private Arts high
school in Chicago because he
lacked nine critical digits.
"A social security number," many
peopleinthecrowdofprofessorsand
students in the Union Ballroom mur-
mured in response Tuesday morning
Gonzalez, who has spent 20
years researching undocument-
ed immigrant youth and working
directly with this demographic,
She EQUALITY, Page 2A

GOVERNMENT
Student debt could
cause financial crisis

University President Mary Sue Coleman met with students during a fireside chat in the Michigan Union Tuesday.
Tuition and crime topics of
Coleman's fireside chat

Trillion-dollar
problem threatens
to rival mortgage
collapse
By KATIE BURKE
Daily News Editor
In 2008, subprime mort-
gage lending shocked the U.S.
economy, leading to a major
economic crisis from which
the nation is still recovering.
In 2013, a more overt concern
could repress the economy
once more: student loan debt.
Combined federal and pri-
vate student loan debt is cur-
rently more than a trillion
dollars. According to a Sept.
2012 Pew Research report, 95
percent of households in debt
owed $92,842 or less, while only
25 percent owed $6,190 or less.
University researchers and
professors see a cause for con-
cern with this level of debt,
though opinion varies on what
will actually result from the
record levels. A variety of
causes have been identified and
solutions have been proposed.

WHAT HAPPENED
IN 2008
Mortgage contracts were not
the main concerns of the Fed-
eral Reserve and economists in
2007. More people were able to
borrow money for homeowner-
ship, but were also responsible
for bearing most of the risk of
these loans.
Economics Prof. Miles Kim-
ball said the burden of these haz-
ardswasoneoftheleadingcauses
ofthehousingmarketcrash.
"Somebody bearing that risk
wouldn't have caused problems
ifithadbeensomebodywithvery
deep pockets," Kimball said.
However, homeowners and
banks were shouldering the debt,
leading to financial failure of
firms, such as Lehman Brothers,
Fannie Mae and Freddie Mac.
Kimball added that those in
trouble expected the govern-
ment to bail them out and pro-
vide assistance, but Congress
was slow to act. This increased
the national sense of panic. The
nation entered the crisis in an
era of optimism, but the coun-
try's outlook became pessimis-
tic even as the economy slowly
See DEBT, Page 7A

Students join the vice president 'for academic
affairs, answered questions
in intimate posed by more than 30 stu-
dents yesterday at the Michigan
discussion Union.
Each month, Coleman and
'JENNIFER CALFAS Harper randomly select stu-
Daily StaffReporter dents to participate in these
"fireside chats" to create a bet-
an intimate setting, Uni- ter connection between the
y President Mary Sue administration and students.
nan and E. Royster Harper, The students represent a vari-

ety of the University's cplleges,
schools and disciplines.
In the first fireside chat of
the calendar year, Coleman
and Harper answered ques-
tions about access to higher
education, the University's next.
capital campaign and campus
safety, among other topics.
Multiple students, including
Ross senior Harry Eun, asked
See COLEMAN, Page 7A

By
In
versit
Colen

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INDEX
Vol. CXXII, No. 63
011 The Michigan Daily
michigondoily~com

NEW S .........................2A SUDOKU.... ...........5A
OPINION ...................4A CLASSIFIEDS...............6A
SPORTSMONDAY......... 5A THE STATEMENT..........1B

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