4
Tuesday, November 26,1974
University Daily Kansan
THE UNIVERSITY DAILY KANSAN
OPINION
The smile goes on before the man comes out
Life insurance
The poison dart of "Buy Term Insurance and Invest the Difference" was fired at thousands of KU students via the Kansas by Leland Pritchard, professor of economics.
Some readers might have thought this was a new discovery by the KU finance professor. Not so, he has been given access to his captive audience classes since at least the 50s.
It's probably the after effects of anticuts value life insurance lectures all those years that has caused a very large number of students to either fail to buy insurance or has created a costly delay. We know students have dropped good plans established by parents. This means they have volumes of actual or possible permanent insurance should be a real matter of conscience. In
Alleged danger an economic shibboleth
the final analysis, the only good life insurance is the policy in force at death.
Theoretical arguments will never create, in capital investing, even a fraction of the premiums have. The reason is that theory, not practiced by even a small number of people. Meanwhile, life insurance sold at a much lower enormous capital and jobs.
Continuous smile puts snarls in chancellor's marital life
In case you didn't notice, two weeks ago was Kansas Higher Education Week. The week brought many Kansas legislators to campus for two banquets and a football game.
The week was particularly tough on Chancellor Archie R. Hunt, the first African American legislators, alumni, faculty and students. After Sunday night's banquet in the Kansas Union, Mr. Hunt nearly reached his breaking point.
Let's join the chancellor now as he arrived home after Sunday's banquet:
"Welcome home, Archie! How was the banquet?"
"It was okay, Nancy. Sorry I'm so late, but those legislators are a windy bunch."
"Do you think they're going to be sympathetic to our needs next year?"
"To tell you the truth, Nancy,
I kept one hand on my wallet
whenever one of the legislators was near."
"That's too bad, Honey. You're home now, so you can relax. Here, let me take your shoes."
"Thank you. Nancv."
"Archie, why are you smiling? You've been smiling ever since you've been home."
What do you mean, Nancy?
"Archie. you're at home now.
You don't have to smile at home. Remember our agreement? You promised to leave the smile at work."
"I'm not smiling."
"You are too, Archie. Please,
Honey, take that smile off your
face. You can't imagine how
ridiculous you look."
"I don't know what you're talking about, Nancy."
"Stop it, Archie! You're about to drive me up a wall with that awful smile!"
"Oh my gosh, Nommy, I am smiling! It must have been all those visitors this week! What am I going to do? I can't stop!"
"Ouch! Nancy, you hit me!
Look, you knocked out a front tooth!"
'
"Take this. Archie!"
"Oh Archie, I'm sorry. Now you look more ridiculous than ever. I can't take any more of this Archie!"
"Where are you going, Nancy?" Nancy, what are you going to do with that baseball would hurt hurt someone with that!"
"Archie, you come back here! Archie!"
Steven Lewis
Contributing writer
If Pritchard's theory were correct, large capital would be created ultimately and no insurance would be owned. At Insurance, you might nonincome producing cash, the forced sale or mortgage will destroy the estate to raise the capital that cash value insurance would economically benefit to a popular belief, joint ownership and vivos structures don't solve the liquidity problem.
Of course, the best known fact about insurance is that the net cost is lowest at the youngest age, in the group Pritchard misguides.
Any reader who wants to check it out will find that even if term insurance is bought, it's rarely in force at death. This point is vital. Cash value insurance is the largest asset, often the only major item, in average or small estates. To the vast majority of American families, this is very important. Also in large estates, life insurance provides the liquidity necessary for estate settlement and heavy taxes. Good estate planners know these facts, whether they are attorneys, accountants, trust officers or insurance men.
Just what is the professor providing other than in the area of life insurance? Life insurance men are providing mortgage liquidation, education loans and training income, retirement income, final expense money and tax and great business relief. We
sell money for future delivery; Pritchard for academic argument.
Many cities have attacked life insurance. It's one of the most heavily regulated industries in America. Still, cash value insurance hasn't abused its policyholders' guarnees.
Keep in mind, investments or insurance aren't sold in competition with each other. Rather than risk losing guaranteed dollars needed in
More than 10 years ago, Benjamin Graham, also a finance professor with very impressive credential and experience, said Report that his own position of "Buy Term and Invest the Difference" was incorrect. The author of a great college text, Benchmark, stopped fighting insurance basics on superior research.
balance investment portfolios,
while investments take the risk.
It's one thing to build an estate,
it's another to distribute it,
or pass it on.
I don't expect Pritchard to stop his fliessut war, but I look forward to his retirement. At that point, he loses his captive from his unproductive destruction of cash value life insurance.
Dwight W. Bortong
Past president
Kansas Association of Life
Underwriters
Readers respond to persecuted plants, Title IX
Requirement
To the Editor:
In response to Steven Lewis' editorial attacking the language requirement, I would like to point out that the Bachelor of Arts degree is an endorsement of the student by the College of Arts and Sciences. It is its guarantee to others that the student has gained a significant breath and depth of knowledge.
To give this endorsement and make this guarantee, the College must have some control over the education it is offering, so that students can form of requirements. For the student who objects to the language requirement or any other requirement, the College will normally require the Studies degree. This degree has everything the Bachelor of Arts degree has except the endorsement and the guarantee, but College has no way knowing that the student has earned them
Specifically concerning the language requirement, Lewis' editorial contains several misunderstandings.
The idea that students must be in continuous daily contact with native speakers in order to gain lasting use from studying foreign language is wrong. Students who apply themselves and study hard can learn to read, write and speak a foreign language. Students who practice and less diligent students (like myself) can retain the ability to read a foreign language for a long time.
Lewis said a person need not be proficient in a language to appreciate the essential characteristics that make it interesting! Ridiculous! Authorities study decades to develop this appreciation; 16 credit hours only scratches the surface. If this is the case, you are advocating an increase the requirement rather than reducing it. The example Lewis uses of John Gunther as an expert who has developed an approach without knowing the language, is in reality the classic example of a person whose books are totally superficial. He relies on translation from another language and speaks his source of information. As a student of Latin America, I can assure you
that Gunther's book "Inside Latin America" shows a complete lack of feeling for the culture of that area.
Dave Brushwood Lawrence junior
The present proposal to reform the language requirement, which Lewis supports, is unnecessary. The language departments have already enacted a similar plan with the exception that the last six hours devoted to direct instruction will be in the native language either than in English. This requires the student to work a little harder, but is of much greater value.
Correction
To the Editor:
In the Nov. 12 Kansan a fine article appeared on the Honors Program of the College of Arts and Science in which appeared the following statement attributed correctly, to myself: "Student Senate, in its infinite has seen fit to refuse financial aid to the publication of Search, the Honors Program journal).
Fighting mad
Thank you.
Peter Casagrande
Director of the Honors Program
Stephen Lewis' remarks on the library as a 'jungle' have at last provided the golden opportunity I have been waiting for to help out the library's financial plight. Lewis will be given the chance that he will never be missed when the plants have learned their lessons. Let me begin by saying that the plants in Watson Library are my own personal jungle, provided and cared for by myself and essentially at my own expense. (Exceptions: the plants help with their care at present, the gifts of friends and we water them with University water.) As many of the library staff and
To the Editor:
Last Friday when I watered, I read the "Jungle" column to Yog Shuggoth, the seven-foot tall swedish ivy in the west of Switzerland when I whispered, "Do it to the author, Yog." those strong, rapidly growing vines flexed. The new leaves nodded. Lewis will not be safe even if he stays out of the library; I have given me plants of Yog and other plants that my agents are all over town.
The unpleasant demolition of Lewis is, however, merely a necessary training exercise on our way to better things. If the budget allows only enough shelves, then perhaps they can help with the shelving problems in the reference department. Since the budget allows only enough shelves for new books and periodicals on the shelves each day, much of the regular shelving must be done by librarians, at two or three cost, not to mention the neglect of more helpful duties.
fate is public knowledge, our security staff can be cut, and those people can keep the photocopy machines in order. We remember that the next time you look into Watson Library.
If plants could learn to zap Lewis, why couldn't they keep the "Dissertation Abstracts" and the "Cambridge Biography of an English Literature" in order, perhaps by psychic energy? The active ones, such as geraniums and sansevieria, could be useful just holding books. This could be the answer to the documents department's problem of having to shelve foreign books on a table; the library can't afford additional book-shelves. Although I doubt that my plants have the dexterity to fix the four broken microfilm readers, their mere presence, if numerous enough, will help hide the falling plaster. We may not have to coax them. University water for them either, if I can channel the roof leak on the third floor. And fertilizer may eventually be provided in the basement work area, where 10 or 12 employees might grow. For years that to get to a restroom, they must go through locked doors, mazes of hallways and two flights of stairs.
This could all be symbiotic, and it's just a start. Once Lewis'
Carol Chittenden Associate Reference Librarian
U.S. gifts
I would like to comment on the article in the Nov. 12 issue of the University Daily Kansan entitled "KU prizes offer for faculty research" and criticise The professors' timely analyses and concern are laudable, and they mention colossal food consumption, defective agricultural methods, the population explosion and medical factors. Mathus underscores these points much earlier.
The world can't ignore the statistics that show that the United States, with about 7 per cent of the world's population, has less than 20 percent of the world's agricultural output to feed more than 27 per cent of the world's people. The American taxpayer has been a Santa Claus not merely during the holiday season, regularly since World War II.
However, one major question haunts me, and I am sure it bothers many people. Why blame the Americans for anything and everything? Yet, pleas for U.S. food aid continued to come from hungry nations (and American delegates) at the U.N. World Food Conference in Rome last week.
Alas, it is still nice for a human to be humane on the one hand and to inhuman to philosophese pragmatically at a time of a global food crisis. But one more hesitate to quote the Bible.
Who owes whom a living? Is the United States selfish and gluttonous? Do Americans eat to live or live to eat?
Title IX
"God helps those who help themselves."
10 to the EDITOR:
I think some recent articles in both the Kansan and the
V. Norman Anthony
To the Editor:
Singapore graduate student
Journal World regarding Title IX deserve comment.
The gist of much of what has been written is that college athletic directors around the country are concerned that they will not have women’s athletics in the same amount they provide for the men's programs. Our own Athletic director, Clyde has been quoted to the effect that if TIX leaves him will quit.
First, it is my feeling that the only justification for a university athletic department is that it gives students and staff the opportunity to allow them to maintain some semblance of physical fitness.
I consider this a very important function, one which justifies the construction and maintenance of the necessary facilities, such as swimming pools, basketball courts, golf courses, etc., as well as the employment of qualified people to teach the skills necessary to the effective use of such facilities. Intramural sports have a place in such an environment; tax assessment student fees) supported intercollegiate activities don't.
"How else are we going to 30,000 people up on the hill?" So what? You get bunches of people to the stadium, they sit there and leave. If it is public relations that we want, couldn't we get it at a lower price? We read that some of these programs are self-supporting. Are they offering only funding that the athletic department requests from the legislature is directly related to its mission of education and not to its role as circuit? It would be interesting to get an accurate picture of how including the "hidden" costs,
As for some of the arguments advanced by proponents of intercollegiate athletics:
"The these programs bring contributions into the University." To the extent that the contributions go into the athletic program, again, so what?
"An athletic scholarship is the only way this young person can afford to attend university education." If his main selling point is that he weighs 500 pounds and would like a basketball team, he is 9 feet $11 \frac{1}{4}$ and one can
block his shots at the basket, let him audition for the pros. If he has academic promise, let him be for an academic scholarship.
Having said all of that, I hold out no great hope that we will abandon intercollegiate athletics. That being the case, we must give them the same treatment as those (long established) programs for men (Title IX or no Title IX. Furthermore, we should fight any attempt by the university to impose a pretense for: seeking increased funding from the legislature (in these times when every department is being squeezed by inadequate funds), shelt-changing the legitimacy needs of the student body.
Furthermore, if Walker (or anyone else in a position of power regarding the athletic program) doesn't start implementing the necessary changes now, he shouldn't be a victim of leaving in his own time, but should be asked to leave.
Darrell W. Fulmer
Darrell W. Fulmer
Lawrence Graduate Student
Chile
To the Editor:
Given the dismal performances of area teams like the Royals, Chiefs and Cardinals, Zeligman deserved his sports beat for a Kansas opinion on Chile. However, Zeligman's editorial page efforts could only be missed by the recent game with Nebraska.
The Kansan opinion suffers from a lack of historical perspective, in which Chile is selected to 1702 and to 1972. The second fault is Zelgman's glossing over the covert activities of the Central Intelligence Agency. The third major fault of the Kansan agenda is only on one man's (Altene) conception of Ch colonial socialism.
The initial mistake can be seen in Zelgman's failure to mention Chile's electoral, and his attempts to reach back well into the 19th century. In fact, France and most European countries would have to be classified banana crops when compared to Chile.
He also failed to mention Allende's narrow defeats in the
In the second area, Zeiligman fails to recognize the CIA's role in Chile. He fails to connect American government noncooperation. U.S. copper industry (like Alcone and Kenneco) attempts at regaining their interests and CIA operations.
1958 and 1964 presidential elections; elections, I might add, that were also destabilized by the CIA. The Kansan opinion popularity to his 38 per cent popularity in 1970. The popularity of Nixon following his 43 per cent vote in 1968, or Trudeau's 38 per cent vote in the 1972 presidential election was not discussed.
These operations included bankrolling the striking truckers, backing opposition political parties and rallies, and probably arranging selective assassinations of moderate, right-wing leaders in a condition that eased the way for the rightist coup.
Zeligman's third mistake is to focus on one man's utopian dream. The problem here is that all the appropriations of land and foreign-owned businesses are entrusted to Allende only after their passage into law by the legislative branch. In fact, Allende was
only carrying out the will of the Frei Administration in the area of land reform.
Zeligman neglected the very important congressional elections of early 1973 in which he supported the coup and support. It was this election that showed the rightists, both in Chile and the U.S., the Allende dream wasn't limited to just one person; therefore the coup was needed.
Finally, I challenge Zeligman to show where or how material conditions are better in Chile and then to show better for whom? Anaconda or the Chilean poor and working class? Inflation is running at about one per cent a day, which means that life has far as the junta's attempts at improving relations, at last count about 25 countries had broken diplomatic relations Chile because of the bloody coup.
I wouldn't bother me so much that your editors are generally about two steps to the right of Hugh Scott. But what does bother me is my failure to do research on your story and do your homework; consequently, your editors are more impressionistic than journalistic. Homer L. Duffield
412 E. 9th
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