Thursday, Oct. 10, 1985
Campus/Area
University Daily Kansan
11
Student loan company plans expansion
By Mike Snider Of the Kansan staff
The construction of a new student loan marketing building in Lawrence probably won't mean more student loans for KU students, but it could mean more student jobs, a Student Loan Marketing Association spokesman said yesterday afternoon.
The association, commonly known as the Maa, is the nation's largest investor.
In a news release the association announced yesterday that it would build a new $4.2 million, 50,000-square-foot office in Lawrence's Bluff Office Park at the northeast corner of Sixth and Iowa Streets.
Billie Archer, a Sallie Mae spokesman, said, "I don't know that it will have an impact on KU, because this is a regional office. As we grow, we may provide jobs for students on the Hill."
Barry Brotman, manager of the Lawrence office, said the center is expected to employ 125 people when the new building is completed in the fall of 1868. The association is now at Orange St. and has about 70 employees.
Archer said the association plans to increase its ranks to 400 workers in the next two years to help with the association's paperwork.
Brotman said that the association's local expansion was a direct reflection on the positive atmosphere in the Lawrence business community.
The association has only one other building in the country, at Fairfax, Va. and that office is also having the
Dave Evans, of Gould and Evans Partnership, 706 Massachusetts St., said construction of the building is expected to begin in mid-December. The partnership is doing the architectural work for the building.
same economic growth as the Lawrence office. Archer said.
"December is not an unusual time at all to begin development. Of course, the construction is dependent on the weather," he said.
Brotman said the Lawrence City Commission and the Lawrence Chamber of Commerce had helped
the association with development and support for their venture.
Sallie Mae is a federally chartered corporation that is listed on the New York Stock Exchange. It was created in 1972 to help banks and savings and loan associations meet the increasing demands for student loans.
The association usually purchases student loans during the grace period between a student's graduation from college and the time that the student must begin repayment of the loan. This takes the load off of smaller lending institutions and allows them to continue dispersing student loans.
Student's car gutted by an electrical fire
By a Kansan reporter
An electrical fire demolished a KU student's car yesterday on Fieldhouse Drive, just south of Robinson Center, firefighters said. Capt. Larry Woydiak, Lawrence Fire Department, said the student pulled the car over at the intersection of Fieldhouse and Naismith drives
and got out to investigate after she noticed smoke coming from under the dash of her 1976 ACM Hornet.
After she got out she saw flames inside the car, grabbed her purse and a box of books she had left inside and stened back. Wovdiak said.
He said the fire had spread throughout the interior of the car by the time firefighters arrived.
KU Police notified the fire department of the blaze at 4:53 p.m and began directing traffic and
pedestrians away from the car,
Woydiak eid.
"The entire passenger area was gutted out," he said. "Nothing was left of the seats but the frames. The steering wheel was melted down to the wire rim."
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THE FORTHRIGHT AMONG US CALL IT SOCIALISM
Evidently none of these three gentlemen nor any of the other 75 legislators, faculty members, and business leaders attending the conference realizes in what way capitalism fundamentally differs from socialism. The ideal capitalist state features a relatively unobtrusive government serving the public while competing entrepreneurs provide the citizenry with products, services, and jobs. In a socialist economy, the government either partially or totally owns and manages the means of production and consequently is much more powerful.
According to Journal-World reporter David Toplikar, everyone attending the recent daylong conference on high technology at Kansas University thinks "Kansas must spend more time and more money on high technology development or lose out on job development to other states." Lawrence Chamber of Commerce Executive Vice President Gary Toebben holds "that the creation of high tech jobs in the state is not the frosting on the cake, but the meat and potatoes of the meal." If our state government doesn't commit itself to, in Mr. Toplikar's words, "promoting high technology industries...(and) supporting basic research and transferring that research into private industry," then, Mr. Toebben glumly notes, "we are out of the game when it comes to job development."
The high technology conference's assembled dignitaries are requesting that additional public resources be used to persuade the high tech elite to bring their organizations here. As it squanders public resources courting this comfortable coterie, our government continues to ignore the public problems—air, water, and noise pollution, malfunctioning public schools, significant unemployment, and widespread crime—which are its responsibilities. While glib supply-siders predictably find this misuse of governmental power to be just another expression of "free enterprise" capitalism, the forthright among us call it socialism.
Phillips Bradford, director of the Kansas Advanced Technology Commission, says some states are spending more than $500 million on high technology programs while Kansas spends less than $1 million. Local developer Rob Phillips admits "it will be difficult to get the (tax) dollars for high technology development...because most of the legislators come from rural areas, which are suffering from farm bankruptcies and bank failures."
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COMES TO LAWRENCE OCTOBER 23!
The University of Kansas School of Fine Arts Concert Series and KANU 92 FM Present
The Philip Glass Ensemble
Philip Glass Kurt Munkacsi
Jon Gibson Dora Ohrenstein
Martin Goldray Richard Peck
Jack Kripl Michael Riesman
8:00 p.m.
Wednesday, October 23, 1985
Hoch Auditorium
The program will include Glass Pieces (1983), The Olympian, and selections from Einstein on the Beach (1976), Koyaanisqatsi (1982), Akhnaten (1984) and the CIVIL war;s; a tree is best measured when it is down (1984).
"Glass' music bridges the gap thought to be unbridgeable ... intellectually rigorous and accessible, appealing to audiences that normally have little use for one another's music ... a style that partakes self-consciously of classical, popular and ethnic traditions." John Rockwell, The New York Times
Tickets on sale in the Murphy Hall Box Office All seats reserved/For reservations, call 913/864.3082
Public: $12.50 & $10.50
Public: $12.50 & $10.50
KU and K-12 Students: $6.25 & $5.25
Senior Citizens & Other Students: $11.50 & $9.50
Partially funded by the Kansas Arts Commission, a state agency, and the National Endowment for the Arts, a federal agency; additional financial support provided by the KU Student Activity Fee, Swarthout Society and the KU Endowment Association.
Half price for KU Students