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 Newsroom 734-418-4115 opt.3 Corrections corrections@michigandaily.com Arts Section arts@michigandaily.com sports@nihigandaity. om Display Sales display@michigandaily.com Online Sales onlineads@michigandaily.com News Tips news@michigandaily.com Letters tothe Editor tothedailytnmichigandaily.com Editorial Page opinion@michigandaily.com photo michigandaiycom Classified Sales classified@michigandaily.com Finance finance@michigandaily.com 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."