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April 15, 2013 - Image 2

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2A - Monday, April 15, 2013

The Michigan Daily - michigandaily.com
p idtcIgan~al
420 Maynard St.
Ann Arbor, MI 48109-1327
www.michigandaily.com
ANDREW WEINER RACHEL GREINETZ
Editor in Chief Business Manager
734-418-4115 ext. 0252 734-418-4115 rxt. 1241
anweiner@mirhigandailyrcom rmgrein@mirhigandailyrom

-- CTDIIT VID CSTIF --

Female students banned from frat events

44 YEARS AGO THIS WEEK
(APRIL 16,1969):
The Fraternity Presidents'
Assembly voted to ban Phi Epsilon
Pi, a co-ed fraternity, from allow-
ing female students to participate
in the group's fall rush events.
Ronald Natale, vice president of
internal fraternity affairs, argued
that female participation is not
officially recognized by Phi Epsi-
lon Pi's national organization or
the Interfraternity Council.
31YEARSAGO THIS WEEK
(APRIL 15,1982):

test the administration's budget
cuts, involvement with military
research and policies regarding
minorities.
Jon Feiger, former president
of the Michigan Student Assem-
bly, spoke to the crowd of protes-
tors about his disagreement with
University's support of military
research.
"They (the University adminis-
tration) want to turn this univer-
sity into a massive think-tank for
the government and especially the
military," Feiger said.
14 YEARS AGO THIS WEEK
(APRIL 16,1999):

tion Studies and the Institute for
Social Research compiled the first
comprehensive poll of student
opinions on affirmative action and
admissions polices at the Univer-
sity.
Fifty-one percent of the student
population stated that they did
not want race to play a role in the
admissions process, while 41 per-
cent approved of its use.
LSA sophomore Justin Schmidt
said he was against using race in
admissions.
"I'm against it ... I just feel that
any time you use race as a factor
for admission it's racism,"Schmidt
said. "You should be let in on your
own merit and quality."
- CHRISTYSONG

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Two hundred and fifty students
gathered at a meeting of the Uni- The Michigan Daily, the
versity's Board of Regents to pro- Department of Communica-

Rackham student Jamie "Aphrodykee" Tam performs
in Catwalk Extravaganza, at the Color of Change Com-
munity Summit at the Michigan Union Saturday.

CRIME NOTES
Beauty sleep Quick cash

CAMPUS EVENTS & NOTES
Detecting light Ethics bowl

WHERE: 216 Thayer Street
WHEN: Friday at about
12:20 a.m.
WHAT: A subject was
found asleep in a stairwell
of the Thayer Carport,
University Police reported.
The subject was removed
from the stairwell without
any additional issues and no

WHERE: 326 Hoover
Street
WHEN: Friday at about
10:20 a.m.
WHAT: Some time
between noon on April 10
and 10 p.m. on April 11, cash
was taken from a purse that
was in an office, University
Police reported. There are

dark matter
WHAT: This workshop
includes lectures and
participant discussion on
detecting light dark matter
through studies of space
and astrophysics.
WHO: Department of
Physics

WHAT: Modern Greek 350
students will debate ethi-
cal dilemmas surrounding
collection and conservation
practices in museums, and
highlight modern problems
of the Greek heritage.
WHO: Department of
Classical Studies
WHEN: Today at 2:30 p.m.

. I
On the outskirts of Hia-
leah, Florida, Rodolfo
Amira and three other
men are attempting to con-
struct a $1.5 million boat
based on the biblical Noah's
ark, the Miami Herald
reported. The ark will be a
tourist attraction.

EDITORIAL STAFF
MatthewSlovin ManagingEditor mjslovin@michigandaily.com
Adam RubenfireManagingNewsEditor arube@michigandaily.com
SENIOR NEWS EDITORS: Alicia Adamczyk, Katie Burke, Austen Hufford, Peter Shahin,
K.C. Wassman, Taylor Wizner
ASSISTANT NEWS EDITORS: Molly Block, Jennifer Calfas, Aaron Guggenheim, Sam
Gringlas, DanielleStoppelmann, SteveZoski
Melanie Kruvelis and opinioneditors@michigandailycom
AdriennelRoberts EditorilrPagetEditors
SENIOR EDITORIAL PAdGEEDITORSJesse Klen,SarahSkaluba,DerekWolfe
ASSISTANT EDITORIAL PAGE EDITORS:ShariknBashir, Daniel Wang
Everett Cook and
Zach Helfand Managing Sports Editors sportseditors@michigandaily.com
SENIOR SPORTS EDITORS: Steven Braid, Michael Laurila, Stephen Nesbitt, Colleen
Thomas,LizVukelich,DanielWasserman
uSSISTNS ORn rORSDaniel Feldman, GregGarno,RajatKhare, Liz Nagle,
Kayla Upadhyaya Managing Arts Editor kaylau@michigandaily.com
SENIOR ARTSEDITORS: ElliotAlpern, Brianne Johnson,JohnLynch, AnnaSadovskaya
^SSISTANT ARTS EDITORS: Sean Czarnecki, Carlina Duan, Max Radin, Akshay Seth,
Katie Stee,n, evn weeie
Adam Glanzman and
Terra Molengraff ManagingPhoto Editors photo@michigandaily.com
SENIOR PHOTO EDITORS: Teresa Mathew, Todd Needle
ASSISTANT PHOTO EDITORS: Katherine Pekala, Paul Sherman, Adam Schnitzer
Kristen Cleghorn and
Nick Cruz ManagingDesign Editors design@michigandailycom
HaleyGoldberg MaEioeEditory statement@michigandaily.com
Josephine Adams and
Tom McBrien Copychiefs copydesk@michigandaily.com
SENIORCOPYEDITORS:JennieColeman, Kelly McLauglin
BUSINESS STAFF
Ashley Karadsheh Associate Business Manager
Sean lackson sales Manager
Sophie Greenbaum Production Manager
Meryl Hulteng National Account Manager
Connor Byrd Finance Manager
Qay Vo circulation Manage
The MichiganD aily (IsS N0745-967) is published Monday through Friday during the falland
winter terms by students at the University of Michigan. One copy is available free of charge
to all readers. Additional copies may be picked up at the Daily's office for $2. Subscriptions for
fall term, starting in September, via U.S. mail are $110. Winter term(January through Apri)is
$115 yearlong(September throughApril)is $195. Universityaffiliatesare subject toatreduced
subscriptionrate. On-campus subscriptionsforfatelltormaref$35. Subscriptionsmustbeprepaid.
The Michigan Dailyis a member of The Associated Press and The Associated Collegiate Press.

trespassing charges. no suspects. WHEN: Today at 9 a.m. WHERE: Kelsey Museum The Michigan baseball
WHERE: West Hall of Archaeology team won its ninth-
Paint the town wanted wallet .consecutive game this
Free Zumba Flute studio weekend, tying them for first
WHERE: 900 Huron WHERE: Briarwood place in the Big Ten.
Street, Lot N-8 Psychiatry Clinic class recital
WHEN: Friday at about WHEN: Friday at about D FOR MORE, SEE INSIDE
9:20 a.m. 5:40 p.m. WHAT: As part of their WHAT: Music students of.
WHAT: Graffiti drawn in WHAT: An unattended Stress Relief Program, Prof. Amy Porter will hold a
black marker was found wallet was stolen from the the Center for Campus free performance. The per-

on an exterior wall, Uni-
versity Police reported. It
was likely done some time
between April 5 and April 7.
There are no suspects, and
th en ;i etil

psychiatry clinic some time
between 4:45 p.m. and S
p.m. on Friday, University
Police reported. There are
no suspects in the case,
whi:h r-ai:- nn

Involvement is hosting
a free hour-long Zumba
workout for interested
students who want to
dance their stress away.
WHO: Center for
Campus Involvement
WHEN: Today at 5:30 p.m.
WHERE: Michigan Union,
Pendleton Room

formance will include solos
by graduating students, as
well as flute chamber music
and piano music.
WHO: School of Music,
Theatre & Dance
WHEN: Today at 5:00 p.m.
WHERE: Britton Recital
Hall

North Korea incor-
rectly placed Colorado
Springs somewhere in
Louisiana, the New York
Times reported. The mis-
take was made in a govern-
ment video that threatened
to aim nuclear weapons at
the U.S.

Venezuelans choose between #
Chavez heir, other options

Citizens head to
the polls Sunday to
select next leader
CARACAS, Venezuela (AP)
- Voters chose Sunday between
the hand-picked successor who
campaigned to carry on Hugo
Chavez's self-styled socialist
revolution and an emboldened
second-time challenger who
warned that the late president's
regime has Venezuela on the
road to ruin.
Nicolas Maduro, the long-
time foreign minister to Chavez,
pinned his hopes on the immense
loyalty for his boss among mil-
lions of poor beneficiaries of
government largesse and the
powerful state apparatus that
Chavez skillfully consolidated.
Maduro's campaign was
mostly a near-religious hom-
age to the man he called "the
redeemer of the Americas," who

succumbed to cancer March 5.
He blamed Venezuela's myriad
woes on vague plots by alleged
saboteurs that the government
never identified.
Challenger Henrique Capriles'
main campaign weapon was to
simply emphasize "the incompe-
tence of the state," as he put it to
reporters Saturday night.
Maduro, 50, was favored to
win, but his early big lead in
opinion polls was cut in half over
the past two weeks in a country
struggling with the legacy of
Chavez's management of the
world's largest oil reserves. Mil-
lions of Venezuelans were lifted
out of poverty under Chavez, but
many also believe his govern-
ment not only squandered, but
plundered, much of the $1 tril-
lion in oil revenues during his
tenure.
Venezuelans are afflicted by
chronic power outages, crum-
bling infrastructure, unfinished
public works projects, double-

digit inflation, food and medicine
shortages, and rampant crime.
Venezuela has one of the world's
highest homicide and kidnap-
ping rates.
"We can't continue to believe
in messiahs," said Jose Romero,
a 48-year-old industrial engi-
neer who voted for Capriles in
the central city of Valencia. "This
country has learned a lot and
today we know that one person
can't fix everything."
In the Chavista stronghold
of Petare outside Caracas, the
Maduro vote was strong. Maria
Velasquez, 48, who works in
a government soup kitchen
that feeds 200 people, said she
was voting for Chavez's man
"because that is what my coman-
dante ordered."
Reynaldo Ramos, a 60-year-
old construction worker, said he
"voted for Chavez" before cor-
recting himself and saying he
chose Maduro. But he could not
seem to get his beloved leader out

PATRicK BARRON/Daily
Students gather for a discussion at DebtX in the Law School on Friday.
Students talk about debt

ofhis mind.

H-U

"We must always vote for
Chavez because he always does
hat's best for the people and
we're going to continue on this
path," Ramos said. He said the
overnment had helped him get
work on the subway system and
5 helps pay his grandchildren's
school costs.
4 1 The governing United Social-
ist Party of Venezuela deployed
a well-worn get-out-the-vote
machine spearheaded by loyal
state employees. It also enjoyed
1 5 the backing of state mediaas part
of its near-monopoly on institu-
tional power.
Capriles' camp said Chavista
loyalists in the judiciary put
hem at glaring disadvantage
by slapping the campaign and
broadcast media with fines and
prosecutions that they called
unwarranted.
Capriles is a 40-year-old
state governor who lost to
3 9Chavez in October's presiden-
tial election by a nearly 11-point
6 margin, the best showing ever
y a challenger to the longtime
president.

Group aims to show
students the effects of
fiscal, personal debt
By ALEX SCHWARTZ
For the Daily
DEBTx, a new student orga-
nization on campus, held its first
annual debt conference Friday
in South Hall.
The conference featured
seven speakers each discussing a
different aspect of debt. Discus-
sion sessions and short videos
were also featured in the con-
ference, which lasted about two
and a half hours. The purpose
of the event was to spark dis-
cussion about debt and inspire
action.
DEBTx was created by Uni-
versity alum Kinnard Hocken-
hull and Business senior Ryan
Strauss. The organization's goal
is to help students understand
the role of debt in society and to
explore it through four angles:
political, social, financial and
philosophical. Strauss said he
was pleased with the outcome of
the event.
"Today's event did a great
job of providing a multitude of
perspectives for attendees to
come to new realizations about

the role of debt in their lives
and in society at large," Strauss
said. "This process of rethink-
ing debt and its role in one's
life can be acted upon through
these emerging alternatives
(or through) traditional uses of
money."
Each of the seven speak-
ers came from different back-
grounds and offered their own
perspective on the benefits and
problems with debt in today's
world in 15-minute segments.
Business Assistant Prof. Scott
Rick discussed personal debt
and the mistakes consumers
make when managing multiple
debts.
"We need to understand
what's driving the debt prob-
lem," Rick said. "The problem is
there's a lot of ingredients, so it's
really hard to make it go away."
Public Policy and Economics
Prof. Alan Deardorff discussed
the issue of developing countries
taking on large amounts of debt.
"The institutions, the rich
countries, that want to help the
poorest of developing countries
shouldn't do it by lending the
money, that just creates prob-
lems for them later on," Dear-
dorff said.
From a business perspective,
Scott Edwardson of Edgewood
Management - a portfolio man-

agement firm - warned of the
dangers of inflation and what
the government is doing to pre-
vent it from becoming a problem.
Hodge introduced time bank-
ing, a banking system that keeps
track of service performed in
terms of hours and allows com-
munity members to give to the
community when they can and
take from the community when
they need.
Hockenhull, the co-organizer
of the event, presented on his
bitcoin exchange business, Bit-
Box. Bitcoin is a new, experi-
mental form of currency that is
decentralized and completely
digital.
LSA freshman Jeff Yu, a
member of Debtx, said the orga-
nization hopes to expand and
continue the annual conference
while also adding other events
throughout the year, including a
"Debtx Weekend."
"I think we did plant an idea,
but we could've had more room
for discussion and question and
answer," Yu said. "We're looking
into partnering up with other
organizations."
Public Policy senior Frank
Quinn said made him think dif-
ferently about debt.
"It increased salience on it for
me," said. "I'm definitely more
interested in debt now."

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