Image provided by: University of Oregon Libraries; Eugene, OR
About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Jan. 23, 2001)
Programs Financing The ASUO Programs Finance Committee has committed $811,315 so far for next year’s program budget. That repre sents a 5 percent increase over last year's funding — slightly more than the PFC’s 3 percent benchmark. ORGANIZATION 2001-02 2000-01 % CHANGE $CHANGE FROM THIS YEAR FROM THIS YEAR Oregon Commentator $14,086 $13,806 2% $280 Recreational Sports n/a $102,913 n/a n/a Oregon Daily Emerald Sustainable Business $99,652 $132,870 25% $33,218 $5,185 $5,050 2.6% $135 KWVA MEChA Inter-Fraternity Council $60,446 $54,921 10% $5525 $16,536 $15,766 4.9% $770 n/a $8,658 n/a n/a Survival Center $14,891 $14,813 .52% $78 LGBTA Total $12,129 $10,580 14.6% $1,549 $222,925 $359,377 16.8% $41,555 PFC decision process challenged ■Several of the groups considered Monday night were left dissatisfied By Beata Mostafavi Oregon Daily Emerald The Programs Finance Commit tee caused disappointment among the majority of groups seeking funds Monday, with the Oregon Daily Emerald taking the greatest hit, hav ing 25 percent of its budget slashed - the maximum reduction allowed. Two groups had their hearings tabled, while three others failed to receive requested increases. All five groups left the meeting con fused about the hearing’s process. The Emerald’s request of $132,870 is used to partially offset printing costs and serves as a subscription fee for students who can pick up the pa per at no cost on the stand. PFC member Arlie Adkins op posed the process that led to the cut. He said that because the de crease was so drastic, the commit tee should have explained their reasons more thoroughly and al lowed more time for discussion. “It’s ridiculous... This was such a major cut and not necessarily jus tified,” he said. Because MEChA had a $4600 rollover from last year, many PFC members deemed that the group didn’t spend its budget responsi bly and didn’t give them the re quested increase. MEChA Co-Director Isaac Bass said he didn’t understand why his group should suffer the consequences of mistakes made by previous mem bers. He added that the committee’s explanations frustrated him. “They gave us good time and I do feel that they listen,” he said. “But the feeling that I get is that their minds were made up before we entered the room.” PFC member Lawrence Gille spie expressed his strong support for the group but said the commit tee was just following the rules. The LGBTA and Survival Center also failed to receive requested in creases in their budgets. The PFC tabled the Inter-Frater nity Council, which was also con fused by the PFC process. ‘ ‘We weren’t given the knowledge of what to expect at the hearing,” IFC President Kevin Gelbrich said. But PFC Chair Mary Elizabeth Madden said all groups were con tacted about the rules and regula tions. PFC members also emphasized that they scrutinize groups only to ensure that student incidental fees are properly used. Student investors learn ups, downs ■The University’s Investment Group is among those hit hard by falling technology stocks By Lisa Toth Oregon Daily Emerald With the stock market sliding downward and investors bailing on technology stocks during the past month, members of the University’s Investment Group have watched their stocks take a dive too. But the experience has provided the group with a valuable lesson in real-world investment decisions. The Investment Group, composed of approximately 20 members, in vests in the stock market each year us ing $50,000, provided by Portland brokerage firm D.A. Davidson & Co. Investment decisions are made by the students at weekly meetings after careful analysis of different industries and companies. The group must re turn the first 5 percent of any earnings from the firm, and then the two parties split the remaining 95 percent. The group is currently down by 15 percent, a bounce up from their year-low of more than 30 percent. “It has hit us reasonably hard,” said Professor John Chalmers, the group’s faculty advisor and an assis tant professor of finance. “There’s not much you can do about it. It’s a good lesson that [the stock market] doesn’t always go up.” Chalmers said last year the group had an investment gain of approxi mately $58,000, and they received a check from D.A. Davidson & Co. for $3,000. Chalmers, who has been advising the group since it was formed in 1998, said he reviews the group’s reports and oversees the decisions they make. “My goal is to have the students provide both the initiative and the energy to bring projects to success ful conclusion,” Chalmers said. James Bruce, co-director of the In vestment Group, said the group’s portfolio, consisting of 11 compa nies, has bounced back in recent weeks while the market as a whole has recovered slightly. Bruce and Chalmers said this is because slightly more than half of the group’s portfolio consists of technol ogy stocks. The other half of their holdings are in companies such as American Eagle Outfitters, Inc., Har rah’s Entertainment, Inc. and the Monaco Coach Group Corp., which have not dropped as much. “The downward trends that have been occurring in the stock market have affected our portfolio in the form of negative trends,” said Lisa Thomas, co-director of the Invest ment Group. “But it’s been happen ing to everybody. ” But Thomas said the downturn in Turn to Economy, page 5 REDEFINE YOUR WORLD! Peace Corps to visit U of 0 Thursday, January 25 Information Booth: 10 am- 3 pm EMU lobby Video presentation and Q&A: Noon to 1pm Alsea Rm, EMU ”A Journey in Pictures”: 7-9 pm International Resource Center, EMU See the world through the eyes of returned Peace Corps volunteers. We’ll also be at the U of 0 Career Fair Jan. 24,11:00 am - 4:00 pm On-campus interviews are 2/20 & 2/21. Call Skye Mendenhall at (541) 346-6026 to schedule an interview. (800) 424-8580 • Option 1 Visit our web site at www.peacecorps.gov All Wavs Travel • Airfare Sales • London - $399.00* Frankfurt - $425.00* Tokyo - $499.00* Shanghai - $525.00* *tax not included, restrictions may apply. Subject to change without notice. Saving Students $ since 1990! 942-8730 484-1927 GOLF 9 HOLES $10 Students Only. Must show ID. (Monday - Friday) 010968 U of 0 Hillel Presents ... An Evening with Avraham Infeld President, Melitz Center*, Jerusalem, Israel Curriculum co-author, birthright Israel 2000 "Israel: Past, Present and Future // Tuesday, January 23, 2001 7pm in the Ben Linder Room, EMU A discussion of the events that make up the difficult history of Israel and the action taken in its quest for peace in the 21st century. The Melitz Center is a pluralistic, educational centerthat confronts the social, cultural and ideological tensions that challenge the fabric of Israeli society. Hillel • 1059 Hilyard St. • Eugene, OR 97401 • 541-343-8920 Co-sponsored by Judaic Studies at the U of 0 Oregon Daily Emerald P.O.Box 3159, Eugene OR 97403 The Oregon Daily Emerald is published daily Monday through Friday during the school year and Tuesday and Thursday during the summer by the Oregon Daily Emerald Publishing Co. Inc., at the Uni versity of Oregon, Eugene, Oregon. A member of the Associated Press, the Emerald operates independently of the University with offices in Suite 300 of the Erb Memorial Union. The Emerald is pri vate property. The unlawful removal or use of papers is prosecutable by law. TT’Tl 1 I f I I itt" | l r I | I | | . | | vi i i f, NEWSROOM — (541) 346-5511 Editor in chief: Jack Clifford Managing editor: Jessica Blanchard Community: Darren Freeman, editor. Lindsay Buchele, Rebecca Newell, reporters. Freelance: Serena Markstrom, editor Higher education: Andrew Adams, editor. Brooke Ross, Mandy Toomey, reporters. Student activities: Jeremy Lang, editor. Emily Gust, Beata Mostafavi, Lisa Toth, reporters. News aide: Suzanne O’Kelley. Perspectives: Michael Kleckner, editor. » '■ » rri i rn > i r i m i ■? i i i i m Jayna Bergerson, Bret Jacobson, Pat Payne, Eric Pfeiffer, columnists. Pulse: Rebecca Wilson, editor. Lisa Griffing, Mason West, reporters. Sports: Jeff Smith, editor. Scott Pesznecker, asst, editor. Peter Hockaday, Adam Jude, Robbie McCallum, reporters. Copy: Sara Lieberth, Katie Mayer, copy chiefs. Jessica Davison, Monica Hande, Lori Musicer, Tom Patterson, Jessica Richelderfer copyeditors. Online: Carol Rink, editor. Timur Insepov, webmaster. Design: Katie Miller, editor. Azie Malinao- Alvarez, Brooke Mossefin, Russ Weller, designers. Bryan Dixon, Giovanni Salimena, illustrators. Adam Amato, Chrystal McConneli.Tom Patter son, Laura Smit, photographers. BUSINESS — (S4DS46-SS12 Judy Riedl, general manager. Kathy Carbone, business supervisor. Sarah Goracke, receptionist. Masahiro Kojima, John Long, Jeff Neely, Laura Ramelli, Gretchen Sim mons, distribution. CLASSIFIEDS — (541) 346-4343 Trina Shanaman, manager. Katy Hagert, Amy Richman, Laura Staples, assistants. ADVERTISING — (S4l) S46-T712 Becky Merchant, director. Doug Hentges, Katie Harsany, Nicole Hubbard, Trevor Kuhn, Jesse Long, Chau Nguyen, Adam Rice, Hillary Schultz, Chad Verly, Lisa Wood, sales representatives. Erin O’Connell, Van Nguyen, assistants. PRODUCTION — (541) S46-4S81 Michele Ross, manager. Tara Sloan, coordinator. Laura Chamberlain, Kara Fallini, Cassie Keller, Melissa O’Connell, Laura Paz, Ross Ward, designers.
