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
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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,
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