Thursday, February 5. 1998
The University Daily Kansan
Section A · Page 5
Bill would allow students to remain in credit union
By Gerry Doyle
gdoyle@kansan.com
Kansas staff writer
A bill in the U.S. House of Representatives may give students at the University of Kansas the credit they deserve.
House Resolution 1151 has been in the Subcommittee on Financial Institutions and Consumer Credit since April 1997. The bill is a reaction to a lawsuit by the American Bank Association. The lawsuit claims that the current language is too broad, said Mark Humphries, executive vice president of the KU Credit Union.
The legislation, which helps determine credit-union membership, may allow students to continue using the KU Credit Union.
The resolution is an attempt to change the wording of the Credit Union's Membership Act, which reads, "Federal credit union membership shall be limited to groups having a common bond." The new wording is designed to clarify and to assure multiple groups with a common interest belong to a credit
"The banks are just trying to get more profits. Of course students have a common bond. Hello they're all students."
Mike Dible
Hays junior
The lawsuit, which is now in the U.S. Supreme Court, seeks to narrow credit-union membership to employees, Humphries said.
union.
"The impact is prolific," he said. "It boils down to whether consumers have the right to choose. If the resolution passes, KU students, faculty and staff will continue to have this financial resource."
More than 400 students use the KU Credit Union, said Scott Sullivan, student body president. Thousands of students have used it since it was opened to the student body in 1995 by former student
body president Kim Cocks, he said.
Removing the credit union from among students' options would only be a detriment, he said.
"If the bill is unsuccessful, that would just be one less thing students could be a part of," Sullivan said. "It is the KU Credit Union, and it are a part of KU."
Sullivan said he had written Rep. Vince Snowbarger urging him to support the bill but had received no reply.
The attempt to eliminate students from credit unions is ridiculous. said Mike Dible. Havs junior.
"I think it's really asinine," he said. "The banks are just trying to get more profits. Of course students all have a common bond. Hello they're all students."
Credit unions differ from banks in that credit unions are a collective in which participants are part owners, Humphries said.
House Resolution 1151 was introduced in March 1997 and was moved to the Subcommittee on Banking and Financial Services. The bill has not yet been brought to the House floor.
Expert examines China's economy
By Chris Horton chorton@kansan.com Kansan staff writer
The former editor of China's first English-language newspaper addressed the future of China's economic reform at Summerfield Hall yesterday.
Chen Hui, a retired managing editor of the China Daily, was invited to the University by the Edgar Snow Foundation, located in Kansas City, Mo. Chen has served as a representative to the World Bank and the International Monetary Fund. He also has served as a translator for former Chinese leaders Deng Xiaoping and Chou Enlai
Clyde Stoltenberg, professor of business, was enthusiastic about the visit.
"We're very honored to have him come here to speak to us,"
Stoltenberg said. "He's very knowledgeable about the business aspects of China."
The focus of Chen's discussion was the conversion of China's economy from a centralized, state-owned structure to a socialist market economy. He also examined environmental issues and the recent economic woes of Southeast Asia.
China began its move away from a communist-style economy in 1979 when Deng Xiaoping initiated the opening of China's economy.
"Living in China is not very far from living in the United States," Chen said. "For the first time in 50 years, the Chinese people are enjoying a buyer's market."
Chen said the process had progressed slowly. But he said that people needed to realize that
progress took time.
"Changing mindsets is not an easy thing to do," he said.
Chen said it was unfortunate that during the period of reform some foreign corporations had success capitalizing on the Chinese market.
"State-owned enterprises are doing well now because they are providing quality products, and they have access to national banks," he said.
Chen also addressed the recent economic turmoil in Southeast Asia and its effect on Hong Kong. He said the reacquisition of Hong Kong from England in 1997 protected investors in its economy.
"I think on the whole Hong Kong has remained stabilized because it already had a healthy economy, and it had the backing of the People's Republic of China," he said.
Red Lyon Tavern
944 Mass. 832-8228
Hollywood Theaters
BEFORE 6 PM - ADULTS $1.00
SENIORS. $2.50 - HEARING IMPARED
SOUTHWIND12
3433 Iowa 832.0880
832-0880
| | Set/Sat | Deali | Daily | Replacement |
| :--- | :--- | :--- | :--- | :--- |
| 1 Deep Riding II *W* III | 1.35 | 4,30; 6,50 | 9:10 | 11:25 |
| 2 As Good As It Gets Gts II | 1.50 | —; 6,40; 9:29 | — | — |
| 3 Anxious I | 1.30 | 4,35; 7,50 | — | 11:00 |
| 4 Good Wool Heating II | 1.40 | 4,25; 7,00; 9:10 | 11:55 | — |
| 5 Titanic II *W* III | 1.40 | 8; 0; 0; — | — | — |
| 6 Good Capacities *Dairy* III | 1.20 | 4,00; 7,10; 9:40 | 11:55 | — |
| 7 Titanic II *W* III | 1.00 | 5; 0; 0; — | — | — |
| 8 Titanic II *W* III | 1.00 | —; 7; 15; — | — | — |
| 9 Sales World II | 1.10 | 5,15; 7,35; 9:45 | 11:55 | — |
| 10 Fallen I | 1.45 | 4,15; 7,50; 9:35 | 11:50 | — |
| 11 As Good As It Gets Gts II | 1.15 | 4,55; 7,5 | — | 11:10 |
| 12 Wing the Dog II | 1.15 | 5,95; 7,25; 9:25 | 11:35 | — |
Concerning **Braves Brothers 2000** "Replacement Killers"
HILLCREST
925 Iowa 841-5191
Sat/Sun Daily
1 Scream 2 $^R$ 2:15 5:00, 7:20, 9:35
2 For Rear or Power $^{R23}$ 2:20 5:00, 7:25, 9:40
3 Honor of God and God $^{R3}$ 2:20 5:00, 7:25, 9:40
4 Kiss the Girl $^R$ 2:25 5:00, 7:15, 9:30
5 Annotate $^R$ 2:25 5:10, ..., ...
6 Also 7 Tears in Tibet $^{R3}$ ... ..., 7:15, 9:35
DICKINSON
2339 IOWA 841-6000
Sat/Sun
1 Mousehunt $^{P5}$ 1:45 4:45, 7:15, 9:35
2 Tomorrow Never Dies $^{R23}$ 1:30 4:30, 7:00, 9:30
3 Half-Baked $^{R}$ 1:30 4:50, 6:00, ...
4 Phantoms $^{R}$ 1:50 4:50, 7:20, 9:50
5 Rain Hard $^{R23}$ ... 1:35 4:55, 7:05, 9:45
6 Deeperale Measures $^R$ 1:30 4:45, 7:20, 9:40
A touch of Irish in downtown Lawrence
SHOWTIMES FOR TODAY ONLY
Coming Soon
Now Hiring Waitstaff, Bartenders and Cooks Apply in Person February 11th & 12th 1-5 p.m.
6th & Wakarusa (Behind McDonalds)
CPR can save a life in a heartbeat.
Feb. 7 Sa
Feb.14 Sa
Feb. 10 T
Feb. 14 O
Feb. 14 Sa
Feb. 18 W
Feb.18 W
Mar.5 Th
864-9570 to sign up.
Training classes cover adult/child/infant CPR using American Heart Association materials. $10 fee for students, $15 for non-students. Call for additional dates.
A human sexuality forum Featuring nationally known speaker Mary Beth Bonacci
Friday February 6,1998 4:00-6:00 p.m. Kansas Union Parlors A,B, & C
Saturday, February 7,1998
10:00-2:30 p.m.
St. Lawrence Catholic Center
Social Hall
1631 Crescent Rd.
Lunch will be provided on Saturday. If there are any questions, contact Anna Witherow at 843-0357
Presented by the St. Lawrence Catholic Campus Center