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June 14, 2010 - Image 1

Resource type:
Text
Publication:
Michigan Daily Summer Weekly, 2010-06-14

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ONE-HUNDRED-TWENTY YEARS OF EDITORIAL FREEDOM

vveeiy Summer ation

PEDAL TO THE GREEN METAL

Future construction
to be LEED silver
U' pledges increased eco-
friendliness on all upcoming
construction projects.
>> SEE PAGE 2
OPINION
World Cup: Econom-
ic 'goal' or red card?
Eric Stulberg questions the
notion that the World Cup
brings prosperity to its host.
>> SEE PAGE 5
ARTS
Return of 'The
Karate Kid'
Jaden Smith and Jackie Chan
do a fair job competing with
the 1984 classic.
>> SEE PAGE10
SPORTS
'M' football recruit
Dorsey not admitted
Five-star recruit is denied
admission from the 'U'.
>> SEE PAGE 11

Josd Guajardo makes a smoothie on a self-propelled "bike-powered blender" at the 10th Annual Mayor's Green Fairon Main Street.
The fair, held on Friday, June 1, featured over 120 exhibits geared to educate patrons of all ages about environmental issues.
ADMIN IST RATION
'U' could lower rate of
endow-ment spending

Nebraska
joins the
Big Ten
Conference will
increase to 12 schools
on July 1 next year
By TIM ROHAN
Daity Sports Writer
It had been 20 years and seven days,
to be exact, when the Big Ten last
added a school to its ranks.
Back then, Penn State was granted
admission to bring the conference to
11 teams. And last Friday, June 11, the
Big Ten Council of Presidents/Chan-
cellors voted unanimously to accept
the application from the University of
Nebraska to join the conference and
increase the membership to 12.
"The Big Ten Conference has much
te offer," Nebraska Athletic Direc-
tor and former football coach Tom
Osborne said in a press release. "This
is a tribute to eocr athletic program,
ocr academic programs and or fans.
This is the right move at the right
time. This is a rare opportunity that
may not have been an option for us in
the future."
The decision will be effective July 1,
2011, which will allow Nebraska ath-
letics to compete in all sports for the
2011-12 academic year. And regarding
football, with 12 teams, Big Ten com-
missioner Jim Delany told reporters
via teleconference that he expects the
conference to have a championship
game come 2011.
Delany added that three criteria for
placing Big Ten teams into divisions
were, in order: competitive fairness,
mantenance of rivalries and geogra-

INDEX
Vol. CXX, No.140 s 2010 The Michigan Daily
mit andaily " o
N EW S ................................... 2
SUDOKU ..................................... 3
CLASSIFIED ............................. 6
CROSSWORD.............................6
A R T S .....................................9
SPORTS ..............................11

Regent says change
to spending rule may
come this summer
By KYLE SWANSON
Daily NewsoEditor
The University's Tioard of
Regents will likely vote this summer
to alter their endowment spending
rule, which dictates how much of the
endowment can be spent each year,
one regent told The Michigan Daily.
Regents have been discussing a

potential change to the University's
endowment spending rule since
April, though very little about their
discussions is known publicly since
they have taken placed. in private
committee meetings.
However, in an interview late
last month, Regent Andrea Fisher
Newman (R-Ann Arbor) told the
Daily that the regents had been dis-
cussing a possible change to the rule,
hinting that a possible decrease may
be forthcoming.
"I think the objective is, if you
were to decrease (the spending rule),
we would want to make sure that the
funding doesn't actually go down,"

Newman said. "You might have a
slight decline if you decreased it, at
least initially, but overall the antici-
pation would be that (the amount
paid out annually) would stay the
same or go up."
For instance, if the University
were to lower the payout by one-half
percent, the endowment may pay out
less money next year. However, rein-
vestment of the additional one-half
percent could increase the net worth
of the University's endowment more
quickly. As a result, future endow-
ment payouts would likely be on par
with or greater than those currently
See ENDOWMENT, Page 7

phy.

See NEBRASKA, Page 11

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