I NEWS: 76-DAILY Monday CLASSIFIED: 764-0557 wwmhigandaply.com One hundred ten 6ears of edio4tredom tr 'U rgnt ppov .5 uiion iincrease 'Athletics to move out o red after 2001-2002 By Seth Klempner Daily Sports Editor With the end of the 2000-2001 fiscal year, University Ath- letic Director Bill Martin announced at Thursday's Board of Regents meeting for the third consecutive year the Athletic Department is running a deficit. The good news is the deficit was $3 million less than expected, and the department expects to be out of the red by the end of the 2001-2002 fiscal year. Martin said the Athletic Department is "$3 million better off than I told you we'd be in the budget I didn't think I'd have to live with," referring to his budget presentation he made last year when he was serving as the interim athletic director. See ATHLETICS, Page 2 Athletic Department budgeted revenue 2001.2002 * Admissions, 49 percent * Conference distributions, 17 percent 9 Corporate sponsorship and radio, 12 percent * Annual donations, 6 percent * Licensing revenues, 4 percent 5 Other, 12 percent Source: University of Michigan Athletic Department 2001-2002 budget first ever to surpass $1 billion mark By EMlzabeth Kassab Daily Nets Editor undergraduate students and 7.3 percent raise for I it out-of-state undergraduates. Tuition increases The University Board of Regents approved have hovered around 3 percent since then. Friday by a 7-1 vote the 2001-2002 fiscal year The proposed budget is designed to maintain budget, which includes a 6.5 percent tuition the quality of the University, sustain important increase for all undergraduate and most gradu- initiatives and consolidate the gains of the past ate school programs on the Ann Arbor campus few years, Courant said. The budget is set for for the upcoming academic year. $1.04 billion, the first time it has surpassed the "It's the toughest budget year we've had in a billion dollar mark. long time," said Paul Courant, associate provost One reason for this fiscal year's increase is a low for academic and budgetary affairs. Tuition has expected increase in the state's appropriation to the not been raised this much since fiscal year 1995- University, a 1.5 percent increase announced last 96 when there was a 6.3 percent hike for in-state See BUDGET, Page 2 Sluggish economy r -may impact mhirng By John Polley Daily Staff Reporter TRICENTEN By Elliott Wells-Reid Daily Staff Reporter DETROIT - Stevie Won- der came home to help down- town Detroit come alive for the celebration of the city's 300th birthday Saturday, cul- minating a weeklong celebra- tion. Fifteen tall ships docked near Hart Plaza along the Detroit River to commemo- rate Detroit's role in the War of 1812. Another nine ships docked at Dieppe Park in Wind- sor allowed Canadians a close-up view of the ships without having to cross the river. At 132 feet, the mast of the Bluemose I, the tallest ship, made it a popular attraction. Comedian David Alan Crier hosted the Homecoming con- rest, featuring actor-comedi- is s Dave Coulier an d Tim Allen, who golilsheir star s itt the Comedy C sole in Der it ABOVE asoel as M otow n teges do to get a the t mptotions. TOP. Ti [ SneDET1SIT, Fog4 whIch a NEWS _ The lives and backgrounds of tihee artists whose work was featr ed at the Art Fairs is profiled. Pages 8, 9 ;NIAL CELEBRATION . 3 In a speech before Congress Wednesday, Federal Reserve Board Chairman Alan Greenspan warned of continued weakness in the econo- my, noting in particular that unemployment is expected to continue its climb in the coming year. As the autumn campus recruiting season draws near, the prognosis is sure to cast a heavy shadow over students' job prospects. Following years of record campus recruitment, the hiring momentum slowed considerably last winter when tumbling stock prices led the economy into an abrupt slow-down. As companies scaled back profit estimates and reassessed employment needs, a number of students who had secured employment in the fall recruiting season were suddenly confronted with an uncertain future. "We've heard of delays in hiring, and in winter we had some rescind- ed offers," said Cynthia Redwine, director of the College of Engineer- ing's Career Resource Center. "Companies are having to slow down in terms of the number of hires." In the technology, automotive and consulting industries, where the economic downturn was particularly acute, many firms made the deci- sion to delay recruits' start dates in order to keep pace with slowing business. With a number of last year's recruits still delayed - some for as long as a year - last fall's recruitment overestimates are expected to compound job scarcity in the coming year. "Most companies over-recruit in good times and under-recruit in bad times," explained Business Prof. Richard Price, a senior research scien- tist at the Institute for Social Research. "One of the first things (compa- nies) will do is slow down recruiting - they already have a workforce that they've invested in" While matty companies have dealt with the dowItsr by delay- ing recruits;'start dates inling onsultirisg gints Accenteeand ArtisicAnr 'ora n l sibe'offisshave songi'5"aLeisu"tive meth- ods The Doston Cos u , Group introdced a"Lasgutage See EMPLOYMENT, Page 7 RIGHT: The Niagra sets salde docking at Hart Ptam Is all w viewers tne eppo Sanity close leek before joisrig te ether vessels ir the po do a srps. sessands uS people e usd the Hart Pines wateresot is get a view of the parade et ships ailed damn She Detroit Rar in celohretian of Detroilo S3kh sthiay. ARTS SPORTS Hungry dinosaurs and a musically Tommy Amaker adds a new scholarship inclined Italian role Dashy Arts this player to the 2001-02 basketball team in week. Marcus Bennett of Renaissance High. Page 10 Page 13