Monday, February 3. 1975
University Daily Kansan
3
From Page One
Candidates
Washington through the board," Gregory said.
He said the board would be coordinated through the Student Senate and would be made up of both Senate and non-Senate members.
A Gregory-Tasheff administration
week increased funding for
Watson Labs.
"We feel like we can work with the state literature to get more funds," Gregory鞍 said.
Tasheff said the current library hours were too short, especially on the weekends. She said an increase in library funding could help alleviate this.
"Watson Library isn't accessible to the student who works during the day. Some students don't start studying till 10 or 11 am and they get their study done." Tascheff said.
--clearing house would be set up immediately if he were elected. The clearing house would help students identify types of jobs in which they work and also tell them why the employers were.
Gregory said the proposed summer job
"We hopefully would be able to set up a system with employers and they could advise us of what jobs they have. Then we would categorize them," he said.
Greary said that the cost of the program would be minimal and that the program would be coordinated through a Senate committee.
As vice president, Gregory said, Tashsew would concentrate on communicating with
Tasheff said, "We could expand the affairs of the vice president to working daily on student problems and grievances. For example, we think the complaints about students year, but we need someone in the Senate office who could make more decisions."
Some people might dispute that the University of Mid-America (UMA) truly exists. It has no campus, no faculty per se, only four courses in the planning stage and a student body that is scattered over a four-state region.
By BETTY HAEGELIN Kansan Staff Reporter
Correspondence university funded
But it does exist, providing the national prototype for a cooperative regional system of continuing higher education. Five state universities, including the University of Kansas, are involved in the support of this institution. Its purpose is to provide students in the Midwest through open learning systems, with emphasis on the use of television.
To fund this nonprofessional educational consortium, a grant from the National Institute of Education in Washington to cover the period from Feb. 1 to Sept. 30. However, the original
Ron Calgaard, associate vice chancellor for outreach, said the cuts would force UMA to proceed at a somewhat slower pace, but that four or five courses would be developed in the first funding period. A total of $1.8 million has been allotted for the second course, and some have already been originally, 11 courses were to have been developed in the first period alone he said.
Local broker and bankers state customers not rushing to buy gold
By GLENN MEYER
All that glitters isn't gold, but even when it is sold, few people are buying it.
Of the four Lawrence banks, only
Lawrence National Bank & Trust Co.,
the Douglas County State Bank have had
an unusually good record in terms of
of gold, bank officials said last week.
Even the Consumer Protection Division of the Kansas attorney general's office said it hadn't received any complaints or inquiries about the purchase of gold.
Independent Gold Brokers, a Lawrence firm that deals primarily in gold and silver, said there hadn't been any great demand for gold bullion since private ownership of gold was taken at the beginning of the year. However, the market for gold coins was good, he said.
In the Lawrence area, the interest in buying gold is matched by the interest in selling it. None of the Lawrence banks are selling gold. However, according to Max Falkenstein, bank vice president, the Douglas County State Bank is exchanging Panama 100-balau gold coins for U.S. currency. One balaub equals $1.
LYNN ANDERSON, VICE PRESIDENT of the First National Bank of Lawrence, said his bank wasn't handling gold "primarily because the expense, the volatile price fluctuations and the speculative nature of gold is something we didn't feel our customers would be interested in.
"Gold falls and rises in price far more than other, more stable commodities. Enough people will get burned on what they buy that will be dropping out (of the gold market)."
Another reason for not handling gold, according to John Peters, senior vice president of Lawrence National Bank, is the expense of making the gold transactions through the bank. The cost of selling gold from the bank is $20 million, gold assayed to determine its purity, pay commissions to the brokers involved in the transaction, paying for insurance and transportation of the gold to the bank and paying for storage of the gold and the paperwork necessary to keep a record of all transactions. These expenses, in addition to the expense of processing sales tax, would make gold buying unprofitable for bank customers, he said.
LESS THAN A DOZEN people have
been talking about the purchase.
Peters said.
Joe Sullivan, Shawnee County assistant district attorney in charge of consumer affairs, said the district attorney's office had received no complaints or inquiries about gold buying. The office had, however, conducted an inquiry into buying gold, he said.
Sullivan said 90 to 95 per cent of the U.S. government market today were the food counter, which is commonly counterfaced.
Gold is a "highly speculative investment with a high potential for disaster because of its volatility."
Sullivan said legitimate coins were probably a good investment if a person could avoid getting a counterfeit; however, determining whether a coin was counterfeit would be difficult because of the equipment that most people didn't have access to when they made a purchase.
Walter Rattifl, who shares the ownership of Independent Gold Brokers with his son,
A repurchase guarantee means that the seller agrees to buy back the gold at the same price he sold it for if the customer becomes dissatisfied with the gold, Sullivan
IF YOU STILL INSIST on buying gold, he
gets the price you and get some sort of repurchase assistance.
r; J., didn't recommend speculating in gold.
"Gold as an investment isn't intended for the short-term investor," he said, "and if never will be. If they insist on using it as a form of capital punishment, they extremely fortunate if they can break even.
Agenda includes:
Nomination of officers for GSC
Funding guidelines
Student Sonate elections
Policy, grips, ideas, etc.
"We never recommend that people buy gold if they aren't in a position to use it as a way of storing value."
request to NIE, the principal sponsor of UMA in its development period, was for a grant of $3 million. Because of the appropriations cut, the program had to be curtailed. UMA is seeking additional fund from other sources, including foundations.
He said that a person should invest in gold only if he could hang onto it for several years.
Rattiflud if said if one was going to invest in gold, he should invest in coins, preferably coins that weren't minted in the United States.
In addition to the high percentage of U.S. coins that are counterfeit, U.S. gold coins are a bad buy, he said, because there is a markup on their sale that is usually 50 to 75 per cent of the value of the gold they contain. The markup is made because gold coins have value as collectors' items, although that isn't true for many U.S. gold coins.
Coins are a better investment than balloon, he said, because coins are easier to
INVESTING IN COINS that are collectors' items, which derive their value more from rarity and beauty than from their gold contents, aren't good investments, he said.
Rattifd said that as economic conditions worsened, the market for that kind of coin would practically dry up. "unless you were extremely lucky and some monarch decided to collect a full set of the world's known gold coins."
As many as 90 per cent of his customers buy coins instead of billon, he said.
These UMA courses are developed under a design concept that combines the use of mass media for instructional purposes and additional resource material for home use.
"The average investor," he said, "will buy one or two coins at a time."
Ratliff said he hadn't noticed any increase in business since the beginning of the year, but had noticed a continuing interest in coins and increasing interest in coins jewelry.
Ratliff said he thought that gold was a good long-term investment. He predicted that the federal government's attempts to bolster the economy would lead to greater inflation by the end of the year, with the possibility that it would stop fluctuations and begin to soar.
by November or December," he said,
we are looking for a $100-an-ounce increase in
the demand.
Patterned after a University of Nebraska project called the State University of welsinka (SUN), Calgairad gave UMA a grant to develop successful SUN systems development of successful SUN systems.
The plans include a statewide educational television system, possible use of newspaper for dissemination of course materials and for distribution of centers in existing facilities such as libraries. These would contain resource materials and other UMA course related information.
Besides KU, Kansas State University, Iowa State University, the University of Missouri and the University of Nebraska are members of UMA.
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It is the individual's responsibility to develop the most efficient system for use of the courses in his state and to decide such procedural questions as enrollment, credit allowed, testing and the use of existing educational resources.
"UMA was organized to offer high quality courses to people in outlying areas, and in Kansas it will affect people unable to use our outreach programs." Calgaard said. It is important that these people proper access to the course materials, this planning is irrelevant."
New courses will be developed each year, but UMA will never become a degree program.
He said this would go beyond the plan for the cooperative institution. At this time there are no plans to offer credit for UMA courses.
Phil McKnight, director of instructional resources and member of the UMA leadership team, is responsible for
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program was valuable for the high quality resource material it developed, UMA could never provide the individual the attention that conventional systems of higher education offer, and should never attempt to replace them.
McKnight questioned the high expense cost of the program in relation to the return to school.
"I think UMA asked for over $1 million to develop one course," McKnight said. "You then wonder, what could we do with that money in a more traditional system? If some way of education is more obvious, easy to effect or important, this must be considered."
McKnight said that contrary to earlier conceptions of educational programing in which course lectures were merely transmitted by TV, UMA courses try to offer interesting formats to get away from the old "Sunrise Semester" program offerings.
"Some of the segments produced for an accounting course used professional actors to make the offering more appeal," McKnight said. "A psychology course used
mostly materials developed by the
author of the magazine, and a book
printed by them also.
McKnight said the university wasn't committed in any way for the granting of credit for UMA courses, but this could be a possibility. He also said a question of funding remained a problem for the long range development of UMA.
"I'm sure UMA will work for some sort of outside funding from users," McKnight said. "It has two alternatives, either seek the people who use it or from the people who use the courses."
"The program at this time is so small that it's difficult to gauge its long range possibilities," Dykes said. "But it's a resource that we at the university could not have achieved without an example of the benefits that can be obtained from interstate cooperation."
Cancellor Archie R. Dykes said he thought the program's effect on KU would be negligible, although it might provide a useful tool to the University's present outreach program.
Survey circulated by council to determine Lawrence goals
Surveys were distributed to 1,000 homes Monday and collected Thursday afternoon and evening by the Citizens' Advisory Council.
Reading the public mind is the object of a survey, circulated in Lawrence last week.
After the survey results are tabulated,
committees within the council will study the results to try to formulate community goals and ways to achieve the goals.
The survey was prepared and will be analyzed by the Center for Regional Progress in Topeka, a division of Midwest Research Institute. Every person in homes visited by the council old enough to be a high graduate was asked to complete the survey.
Jack Landreth, chairman, said last week that the Center for Regional
progress estimated that 1.8 persons were able in each of the surveyed homes.
He said it would take about six weeks to process the survey results. Ten specialized committees will be organized in February, and they will take one or two months to develop the goals, Landrief said. Committee topics will include education, health, housing, safety, recreation, transportation, communications and utilities.
After the committees have worked on the problems, the information will be compiled in a goals program publication to be presented to the city commission and the community. Lindheira said the committees try to find solutions to the problems.
According to Landreth, the Citizen's
group is asking the City to serve as a
community sounding board.
Evenings at 8:00
Sat.-Sun. Mat. 2:00
"SWISS FAMILY ROBINSON"
R
Eve. 7: 35, 7: 45
Sat. May 1, 3:00
Freebie and the Bean
Alan Arkin
James Caan
Rated G
Eve. 7:30, 9:40
S.-S. Mat. 2:00
"THE SAVAGE IS
Hillcrest
Soon he'll be able to go into the jungle alone.
Soon he'll be nothing more than 'savage . . .
LOOSE" R
ve. 7:20 & 9:30 S.-5. Mat. 1:4
Hillcrest
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