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THURSDAY, OCTOBER 17, 2013
THE UNIVERSITY DAILY KANSAN
ACADEMICS
Board of Regents recognizes aerospace students
JOSE MEDRANO
imedrano@kansan.com
Engineering national awardwinning aerospace designs is not rocket science, well maybe it is, but for students in the Aerospace Engineering program it is just part of a tradition.
Students in the program were recognized yesterday by the Kansas Board of Regents for their accomplishments.
A group consisting of undergraduate and graduate students won first place in a graduate level team design completion by designing an unmanned high-altitude aircraft which would carry a laser for missile defense purposes. The competition was
hosted by the American Institute of Aeronautics and Astronautics (AIAA) and included universities from the United States, Germany, the United Kingdom and other European nations.
"Throughout the process we had to work outside of boundaries and it was tough," Amir Bachelani, a University aerospace graduate and current graduate student from Olathe, said. "It's such an 'out there' type of aircraft that really blows people away when you talk about it."
The students won a graduate level awar.
"It's very Star Wars like," said professor and advisor Ron Barrett-Gonzalez. "If there is a helicopter or an airplane, a missile or an artillery
shell or basically anything that is not suppose to be flying within a hundred miles of it can be zapped out of this sky by this aircraft."
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Second place was awarded to a group of undergraduate students in team space for their design of a reusable launch system. The
"It's such an 'out there' type of aircraft that really blows people away when you talk about it."
AMIR BACHELANI
Aerospace grad student from Olathe
in undergraduate individual design last year. Joshua Holland, from Pittsburgh, won second place in the undergraduate individual design this year.
again and again for a lifetime of 20 years.
system had to have a payload capacity of at least five tons, be able to make it into lower earth orbit which is a height greater than 400 km and had to be designed in a manner in which it could be used
'What our students do is they design aircraft and they design engines, kind of like the way
architecture students design buildings in a studio class," said Barrett-Gonzalez.
Students work in close relation with their advisers when working on the aircraft, and Bachelani said it's a lot of hard work. "Sometimes we just worked until we couldn't," Bachelani said.
Stuart Hunsinger, a fifth-year aerospace undergraduate student from Olathe, worked on the laser aircraft.
"It's very exciting, we weren't expecting first place. I immediately put it on my resume," Hunsinger said.
He plans on entering the workforce in aerospace design after graduation.
"They keep coming back to
the same orchard to pick apples. Managers from many of the big airspace companies come to KU to recruit our design students." Barrett-Gonzalez said. "Once or twice a year the chief of design from Boeing makes his way out here from Seattle to personally look over students' designs."
As well as receiving the other awards, aerospace students who designed a high-performance engine for aircraft await the results from another AIA4 contest. They placed in the top three, but the standings have yet to be announced.
Edited by Hannah Barling
ECONOMY
Senate deal on debt, shutdown sends stock prices skyrocketing
ASSOCIATED PRESS
NEW YORK - Wall Street finally got the deal it's been waiting for.
got the deal it's been waiting for. A last-minute agreement to keep the U.S. from defaulting on its debt and reopen the government sent the stock market soaring Wednesday, lifting the Standard & Poor's 500 index close to a record high.
The deal was reached just hours before a deadline to raise the nation's $16.7 trillion debt limit. Senate leaders agreed to extend government borrowing through Feb. 7 and to fund the government through Jan. 15.
The agreement follows a month of political gridlock that threatened to make America a deadbeat and derail global markets, which depend on the U.S. to pay its bills. American government debt is widely considered the world's safest investment.
Markets stayed largely calm throughout the drama in
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Traders work on the floor at the New York Stock Exchange in New York on Wednesday. Stocks are surging on Wall Street after Senate leaders reached a deal that would avoid a U.S. default and reopen the government after 16 days of its partial down.
ASSOCIATED PRESS
Washington, with the S&P 500 actually gaining 2.4 percent since the shutdown began Oct.1, after House Republicans demanded changes to President Barack Obama's health care law before passing a budget.
ERIC WIEGAND
U.S. Bank senior portfolio manager
Wall Street gambled that politicians wouldn't let the U.S. default, a calamity economists said could paralyze lending and push the economy into another recession.
"Investors have become, unfortunately, accustomed to some of the dysfunction. It's become more the norm than the exception."
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"We knew it was going to be dramatic, but the consequences of a U.S. default are just so severe that the base case was always that a compromise was going to be reached," said Tom Franks, a managing director at TIAA CREF, a large retirement funds manager.
Congress was racing to pass the legislation before the Thursday deadline.
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5. 2 percent in the first quarter.
It will be harder for Wall Street to get an up-to-date view of the economy because the partial government shutdown that began Oct. 1 has kept agencies from releasing key reports on trends like hiring. In general, though, the economy has been expanding this year.
If the deal wraps up soon, investors can turn their attention back to economic basics like third-quarter earnings. Overall earnings at companies in the S&P 500 index are forecast to grow 3.1 percent from a year earlier, according to data from S&P Capital IQ. That's slower than the growth of 4.9 percent in the second quarter and
Despite broad confidence that the political parties would strike a deal, the Dow went through rough patches over the last month, at one point falling as much as 900 points below an all-time high reached on Sept. 18. The Dow has seen seven triple-digit moves in the last 10 trading days.
On Wednesday, the Dow Jones climbed 205.82 points, or 1.4 percent, to 15,373.83.The S&P 500 gained 23.48, or 1.4 percent, at 1,721.54.That's only four points below its record close of 1,725.52 set Sept.18.
The Nasdaq composite climbed 45.42, or 1.2 percent, to 3,839.43.
note edged down to 2.67 percent from 2.74 percent Tuesday. Yields on longer-term U.S. government debt haven't moved as much as those on short-term debt because investors believed that the government would work out a longer-term solution.
The Nasaad composite镜子 45.42, or 1.2 percent, to 3,839.43.
The feeling among stock traders in recent days was that panicking and pulling money out of stocks could mean missing out on a rally after Washington came to an agreement. Investors have also become inured to Washington's habit of reaching budget and debt deals at the last minute.
Among stocks making big moves:
— Bank of America rose 32 cents,
or 2.2 percent, to $14.56 after the second-largest U.S. bank reported,
a surge in third quarter earnings.
- Stanley Black & Decker plunged $12.70, or 14.3 percent, to $76.75 after the company lowered its profit forecast for the year, citing slower growth in emerging markets and a hit from the U.S. government shutdown.
"Ivestors have become, unfortunately, accustomed to some of the dysfunction," said Eric Wiegand, a senior portfolio manager at U.S. Bank. "It's become more the norm than the exception."
In the summer of 2011, the S&P 500 index plunged 17 percent between early July and early August as lawmakers argued over raising the debt limit, and Standard
& Poor's cut the U.S. credit rating from AAA, its highest ranking. The market later recovered.
Stocks also slumped in the last two weeks of 2012 as investors fretted that the U.S. could go over the "fiscal cliff" as lawmakers argued over a series of automatic government spending cuts. Stocks rebounded and began a strong rally that has propelled the S&P 500 up almost 21 percent this year.
Some were glad that investors could now turn their focus back to the traditional drivers of the market rather than worrying whether the latest dispatch from Washington would shake stocks.
"It's a little bit silly in the short term for markets to go down so
much on press conferences and then to go up so much on rumors," said Brad Sorensen, director of market and sector research at the Schwab Center for Financial Research. "We've urged investors to pull back a little bit and look at the longer term."
The yield on the 10-year Treasury
The market for U.S. Treasury bills reflected relief among bond investors. The yield on the one-month T-bill dropped to 0.13 percent from 0.40 percent Wednesday morning, an extraordinarily large move. The decline means that investors consider the bill, which would have come due around the time a default may have occurred, to be less risky.
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Student organizes run for world hunger
CHARITY
KYLE PAPPAS
kpappas@kansan.com
"I became aware of the amount of people in the world that don't have enough to eat," Hess, a junior from Scott City, said. "So, I started researching ways that I could help."
Emily Hess was away at camp this summer when she read a book that opened her eyes to a serious, yet often ignored worldwide issue.
Hess' research ultimately led her to an organization called the Children's Hunger Fund, which distributes food and other aid to children throughout the country and around the world.
Hess gathered a group and began to brainstorm ways to help. Their efforts eventually culminated into the Lawrence 5k Hunger Run, which takes place at South Park this Sunday, Oct. 20.
"I kept seeing fliers around, and it seemed like a good cause to support," said Lawrence resident
Many students and local residents have already taken notice of the event.
All proceeds will be donated to the Children's Hunger Fund to assist in helping poverty-stricken children across the globe.
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Caleb Thomas. "I try to run regularly, so I might as well help other people while doing it if I can."
though this is the first annual run, Hess hopes for a solid turnout. She feels that Lawrence is the type of community that the event can thrive in.
"Lawrence is usually very supportive of this type of thing," Hess said. "There are some very generous people here."
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Hess says that a simple $100 for a hungry child can provide approximately 2,000 meals.
The event is currently still open for late registration. It's $35 to run or $45 to run and receive an event T-shirt.
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Hess is eager to watch the event grow over the coming years and to spread awareness on worldwide hunger.
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We're excited about it becoming an annual thing," she said. "We hope it can increase awareness on the issue and hopefully increase participation over the coming years."
For more information on the event, or to register online, visit irunforhunger.com
Edited by Jessica Mitchell
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