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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Oct. 21, 1987)
Stock market dive's effect on higher ed portfolio unknown By Frale de Guzman Emerald Reporter Despite a 508 point drop in the stock market Monday, the effect of this decline on in vestments made by the Oregon State System of Higher Educa tion remains unknown. "We won’t know the impact of what happened Monday un til we get our monthly state ment of accounts,” said Steve Katz, controller for the State System. Because 60 percent of the State System’s investment transactions are handled by The Common Fund, an invest ment firm based in Connec ticut, monthly statements for the month of October will not be available until mid November, Katz said. As a result, until October’s state ment arrives, the effect of the stock market’s 50ft point plunge on the department's common stock portfolio con tinues to remain a mystery. However. Katz remains op timistic precautionary measures have been taken by The Common Fund to safeguard their investments. As of June 30, market value of the State System's endowment fund totaled $40 million. Because of the uncertainty involved. Katz feels that “to panic at this stage of the game would be inappropriate.” Katz said the drop in the market “may not have a large effect on a large entity like the Common Fund." Because the agency commonly handles the investments of universities and colleges around the nation, "investors may have foreseen the drop in the market and sold early." Katz said. This seemingly optimistic view is echoed by lames Tatter sail. head of the University economics department Accor ding to Tattersall. although the 508 point drop in the market currently "seems to be a traumatic development, over time it may not seem as cataclysmic.” However, Tattersall admits this huge decline in the market "could lie the forerunner of an economic recession." Hut. he added, unlike the economic depression that resulted from the stock market crash in 1920. "it is highly unlikely that it will be the forerunner of a col lapse in the economy " Although this fear still may be present. Tuesday’s 125 point increase in the market seems to indicate people have managed to "get over the panic phase and are moving in to buy stocks that are being sold at relatively low price*," Tattersall said However, people may Ih< see ing "a temporary end in a five year-old bull market." he said This decline may bo the result of people’s growing un willingness to invest in the American market Although some people currently am tak ing advantage of the huge drop in stock prices, there are many who have a pessimistic outlook towards the future of the U S. economy. Tattersall said As a result, many of these people are hesitant investors and are simp ly waiting to see what will hap pen Indore making a move. In addition, the drop in the stock market may simply he the result of a long-awaited correc tion. "We've had a bull market since 1982 and in 1988 and 1987. there was an additional surge in the market." Tattersall said In fact, the market peaked this year at 2,700 (points), ho said And as a result, the market was long overdue for a correction. However, Tattersall added, the sharp decline in the market can also be attributed to in creased technological efficien cy. As a result of the computer age. "enormous volumes of transactions can do a lot of business in one day and it is possible to have a huge number of stocks change hands." he said For whatever the reason, the 508 point decline in Monday's market has effectively served to remind the public that an economic recession may be unavoidable. However, "whether one (economic reces sion) will result quickly because of the drop in the stock market, is still too early to ac cess," Tattersall added. Three-day symposium to bring attention to child abuse problem By Mike Drummond Emerald Associate Editor The perennial issue of child abuse has been swept under the rug of public awareness in light of other mounting social pro blems. such as AIDS, drug abuse and crime, according to Dave Zieglar. an employee at the Springfield Child Abuse Resources Center. The Child Abuse Resources Center, in conjunction with the University’s Department of Human Services is holding a symposium Oct. 21-23. to com bat what Zieglar deems as public apathy for one of this na tion's most tragic social ills The symposium will be held at the Red Lion Inn, 3280 Gateway Rd.. in Springfield. The three-day symposium will include workshops for identifying adult sex offenders, sessions for pediatricians and educators and a day devoted to multiple-personality disorders. Zieglar said ”1 expect this to be one of the best technical conferences, if not the best conference, on the subject of child abuse this year," Ziegler said. According to national statistics, child abuse is on the rise in the United States. And closer to home. In 1985 Oregon had the dubious distinction of leading the nation in newly reported cases of child abuse. Zieglar cited other alarming statistics. The stale has more ubusml children in its custody than ever Indore; 95 percent of males in the Oregon State Hospital's sex-offender ward were themselves victims of child abuse, und H5 percent of incarcerated felons in the Oregon State Penitentiary were abused children. According to Zieglar. the lat ter correlation “is the most common denominator" linking felons. Zieglar anticipates the sym posium will draw .100 |o 400 [M'oplo. and hi* expot Is space Id accommodate people will lx* a problem because participants are converging on the con ference from all over the United States. Kegistration for the con ference continues today from 7:30-9 a m at the Red Lion inn The cost is Si55 for the general public and $75 for students. One -day registration is available at $75 for the public and $30 for students. Et al. MEETINGS The Newman Center. 1850 Emerald St., will hold a Bible study and student mass at 9 tonight. The HO Pre-Law Association will meet this afternoon at 4 in 164 Oregon Hall Pre .Med preceptorship pro gram will meet tonight at 5:30 in Century Room B. KMU. Alpha Kappa Psi will hold a general meeting at 6:30 tonight in 337 Gilbert Hall. The (Allege Republicans will meet today at 5:30 in Century Room E. EMU. The Sociology Honor Society will meet at 5:30 today in 714 PLC Men Against Rape will meet at 7:30 tonight in Century Room B. EMU OSPIRG recycling group will meet tonight at 5 in 337 EMU. Truman Scholarship applica tion procedures will be discuss ed today at 3 in Century Room A. EMU. LECTURES Kevin Yang will present a slide show on the National Parks of Costa Rica in 10K Con don Hall. For further info call 686-5006. Nora Cromely, admissions director of Oregon Health Sciences University Dental School will answer questions and discuss admission re quirements to the school tonight at 7 in the EMU Forum Room. MISCELLANEOUS American foreign policy and dissent is the focus for a live satellite teleconference in IMC. studio A. between 5 and 7 tonight. BACKGAMMON TOURNAMENT!! FRIDAY, OCT. 23rd 7:30 PM • EMU Rec. Center PRIZE: One "Arles" Backgammon Board donated by EUGENE TOY AND HOBBY 32 East 11th 344-2117 Entry Fee: $1 Sign up at the REC CENTER or call 686-37 1 1 BY OB -emu Taste the International Experience The word is out Now you can enjoy delicious Chinese and other international food at the most reasonable prices Try our mouthwatering Indonesian Fried Rice or tempting j Singaporean Curry Chicken You'll love it! ) SKYLIGHT-TO-GO (above the EMU mam desk) Lunch 10 30-2 30 M-F SnacKs 5-10 M-Th l
