University Daily Kansan, January 30, 1985
CAMPUS AND AREA
Page 3
NEWS BRIEFES
Fraternity offers student loans
Kappa Alpha Psi Fraternity, Inc., has established a loan fund for KU students.
The Mu chapter of Kappa Alpha Psi has made $1,005 available for the Kappa Alpha Pi Student Revolving Loan Fund for emergency student loans.
Full-time students who need money to meet unforeseen educational expenses are eligible to apply for a loan from the fund. Students who apply at the office of student financial aid.
The maximum amount that students can bring is $100 for suffering a. The charge for each lesson is $75.
Dale Seufler, director of constituent fund raising for the Kansas University Endowment Association, said, "To my knowledge, it's the only loan fund established in a fraternity's name for any KU student."
Mike Franklin, St. Louis senior and member of Kappa Alpha Psi, said, "We know the concerns of needing money and helping students to think it will help out students in the long run."
Heart recipient remains fair
Heart transplant recipient Donald L. Moore continues to be listed in fair condition, a spokesman for the University of Kansas Medical Center said yesterday.
Nancy Miller, the spokesman, said, "He is doing beautifully. He has been out of bed."
Moore, 49, received the heart Saturday from an Overland Park police officer who died that day. He is the fifth heart transplant recipient at the Med Center.
Senate meeting is tonight
Student Senate will meet tonight for the first time this semester. The meeting will be at 7 p.m. in the Kansas Room of the Kansas Union.
Jeff Polack, student body vice president,
said the agenda included election of
another member to the Executive Committee
and election of one Senate member
The Senate will also approve office staff appointments, he said.
Tribal laws focus of speech
LaDonna Harris, president and executive director of Americans for Indian Opportunity, will speak at 3 p.m. today on "Tribal Governments at the Crossroads" in Alderson Auditorium in the Kansas Union.
The speech will be the first in a series of four lectures on the role of traditional Native American values in today's society. The series is presented by the College of liberal Arts and Sciences in honor of the College of Haskell Indian Junior College.
Harris' organization, based in Washington, D.C., works to strengthen tribal self-government and economic self-sufficiency. Harris has served on the national boards of several organizations, including Common Cause, the National Urban League, and the National Organization for Women.
Weather
Today will be windy and much colder with an 80 percent chance of snow. Accumulation of one to three inches is possible. Temperatures will fall into the teens by afternoon. Tonight will be windy and bitterly cold, with a low of zero to 10 below, with more accumulation of snow likely. Thursday will be cold with a 50 percent chance of snow. The high will be zero to 10 above.
Compiled from Kansan staff and United Press international reports.
Where to call
If you have a news tip or a photo idea,
call the Kansan at 864-4810.
If your idea deals with campus news, ask for Rob Karwath, campus editor. If it deals with sports, ask for Lauretta Schultz, sports editor. For On campus items or information on arts and leisure, speak with John Egan, Et cetera editor.
If you have a complaint or a problem,
ask for Matt Delcalon, editor, or Diane
Cosco.
To place an ad, call the Kansan business office at 664-5348.
Sudden snowfall dusts Lawrence area
By CECILIA MILLS Staff Reporter
Usually umbrellas are associated with snow, but yesterday's high temperature of 33 degrees, combined with an afternoon snowfall, prompted Bob Dienstbach to carry an umbrella as he ticketed cars for KU parking services.
accumulation of one to three inches.
"It's so warm out here the melts on you," Dienstbach, St. Louis junior, said. "I wore my raincoat and brought an umbrella because it's so wet out here."
Today, umbrellas can be left safely at home. The forecast calls for falling temperatures and call snow, with a possible
Temperatures will drop into the teens am-
single digits, and there will be an 80 percent
chance of snow, according to the KU Weather
Today's high is expected to be in the mid-20s.
"THE HIGH WILL be in the morning and then fall spadially in the afternoon," Bob Harrigan, KU Weather Service spokesman, said yesterday.
About 2 $ \frac{1}{2} $ inches of snow fell yesterday between 11 a.m. and 3 p.m. for a total of less than half an inch of precipitation, Harrigan said.
The sudden snowfall that greeted students yesterday as they emerged from classes was part of an Arctic cold front, the National
Weather Service reported. The front moved from the northern United States into the midwest and reached Lawrence by late yesterday morning.
weather forecasters dubbed the cold front the "Siberian Express" as it moved into North Dakota and Montana.
was responsible for shoveling the snow around Chancellor Gene A. Budig's house, his guest house, Miller and Watkins scholarship halls and Sorrage Apartments.
"Cold air is coming down from Siberia, down through the Yukon, across British Columbia and Alberta and spilling into Montana. It looks like a Siberian Express," said Paul Fike, a National Weather Service meteorologist.
But those few inches of snow kept the department of facilities operations busy from morning until evening.
Pat Bond, a facilities operations worker.
"I usually start at the Chancellor's and work my way around," Bond said. "I've done the Chancellor's three times today.
"We spread sand, we put down salt and open up campus as fast as we can, but we can't stay ahead of it," she said.
Andy Bettis and John Butin, Wichita juniors, took advantage of the afternoon to have a little fun. The two borrowed trays from the kitchen of their fraternity, Beta Theta Pi, 1425 Tennessee St., to sled down Louisiana Street behind the scholarship halls.
Steve Zuk/KANSAN
Kyle Shepard, Overland Park sophomore, flips some fancy moves, right, before settling down to more conservative play in the Student Union Activity's Hacky Sack Championship. The Hacky Sack competition, held yesterday in the Kansas Room of the Kansas Union, was the last event in the All Campus Tourney, which included backgammon, billiards, darts, chess and table tennis games. SUA sponsors the annual January event.
$100 investment yields dividend
Staff Reporter
By CINDY McCURRY Staff Reporter
About 40 KU students are gaining practical experience investing in stocks and money markets through the KU investment fund.
John McGannon, a business and third-year law student who founded the investment group last February, said last night that involvement in the group offered practical experience that was not always available in a classroom.
"Doing is learning," he said. "By sweating it out everyday, you have to learn."
To join the investment group, the students each contributed at least $100, which buys them approximately 10 shares, depending on their value at the time, and 10 votes in the group, said McGannon. The share value is now 9.52 for every $100 invested.
ITS A CHANCE for people to make investment decisions for just $100." McGannon said. "Most investment groups require from $500 to $1,000, which is tied up for a couple of years."
The group, which is bound by a legal partnership, usually has interest in three or four companies at once. Decisions of when to buy and sell are made by a two-thirds vote of
the partners. They meet biweekly at Summerfield Hall to discuss options for investments, he said.
Members of the group volunteer to investigate companies in which the group currently holds stock or in new prospects. McGannon said the members were in the process of organizing committees to research the "general economic picture, the general stock market and long- and short-term investment options."
"That a's more rational approach than just throwing ideas out," he said.
"My first meeting here they said, 'The way you're going to learn is by getting involved,'" Lock said. "If you get out in the real world, you don't want to make the mistakes that you can make here with just $100."
MICHELLE LOCK. St. Louis junior, said she had learned a lot from researching companies in the library and through stock markets and by reading the Wall Street Journal.
Anita Jacob, one of the managing partners,
said. "It teaches you how to make informed
decisions. You can learn fast, and it will help
you in the future."
managing partners may call a meeting to make an emergency decision, Jacob said.
A member can cash in his shares with a 30-day written notice at any time except during summer months, McGannon said. He said that the experience gained was the important part of joining the investment club.
In the event of a sudden fluctuation in the stock market, a group of five elected
"You might gain a little, you might lose a little," McGannon said. "But you learn a lot. You learn how to run an organization and how to make investments."
The partnership now owns stock in Union Carbide Corp. and in Marion Laboratories. It voted last night to sell its interests in gold.
McGannon said the group bought stock in the Union Carbide Corp. after a gas leak at the company's subsidiary in India killed more than 1,000 people in early December.
"I thought there was a chance to cash in on the name," he said. "I's up about five or six points."
McGannon said he had a goal of adding about 25 new members this semester.
"We're still growing at a pretty good pace," he said.
Fund drive helps needy pay utilities
By KEVIN LEATHERS Staff Reporter
Last year's success of a program to help the needy pay their heating bills has again prompted organizers to renew the fundraising effort.
The kick-off for this year's Lawrence Warm Hearts drive was announced Monday at City Hall by State Rep. Jess Branson, D-Lawrence, chairman of the program. The fund drive is set for Feb. 1-14. Branson said she hoped the fund would raise $25,000 in donations from businesses and individuals during the two weeks.
The Warm Hearts program, which was started in 1982 as a fund to help low-income families pay their winter utility bills, was created when that would not be repeated in subsequent years.
But because of the success of the program and the continued need for the money, the fund was re-established this year, Branson said.
"THE RESPONSE SO far this year has really been encouraging," Branson said. "We already received almost $5,000 in contributions from fraternities and sororites and from the Rice Foundation and we haven't even started the drive yet."
Last year the drive raised $88,000 and spent about $66,000.
Branson said the goal for this year was much lower because of the surplus of contributions left over from last year.
"Based on past winters we've estimated that the amount needed to cover the requests made by all approved applicants to be about $60,000," she said. "With that in mind and the budget about $30,000 left over from last year, we figure we should set the goal much lower this year."
The Lawrence City Commission also voted this year to donate $5,000 toward administration.
WARREN RHODES, the program's treasurer, said that last year the designated intake centers received applications for assistance from more than 500 Lawrence-area families. Of that 500, 340 households qualified to receive aid.
Those centers taking applications this year are: the Ballard Community Center, Inc., 708 Elm St.; Penn House, 1035 Pennsylvania St.; the Salvation Army, 946 New Hampshire St.; the Lawrence Indian Center, 2326 Louisiana St.; the Council on Aging, 745 Vermont St.; and the East Central Kansas Economic Opportunity Corporation, 331 Maine St.
These designated centers, Rhodes said, collect applications and decide who is qualified to receive aid. After the 72 hour verification process, the applications are processed by a team of three in the Red Cross is then in charge of distributing the money to the area utility companies.
Branson said one of the requirements for receiving aid from the Warm Hearts program was that applicants would have had to apply to the federally-financed Low Income Energy Assistance Program before they apply to Warm Hearts. Applicants who qualify for federal assistance are not able to receive aid under the Warm Hearts program.
"Our audit showed that nearly 80 percent of our households were single parent families. Branson said,
ARE YOU SMART ENOUGH TO SAVE YOUR PARENTS THE COST OF COLLEGE?
You are, if you win an AHOT MCST schoolship. When you win one of our scholarships, we pay your tuition, fees and any other academic expenses. We also give you $10,000 a year.
But you have to be more than smart to win. We will contend your extracurricular leadership and sportsmanship with our students. You need to make sure that for more information about how to avoid overinvading your parents for the next four years, see http://www.nps.gov/scholarship/info/.