On the rise
SUN
THE UNIVERSITY DAILY KANSAN
Details page 6
Tuesday November 3,1987 Vol.98,No.52
Published since 1889 by the students of the University of Kansas
(USPS 650-640)
Stock crash hits KU Endowment
Staff writer
By JENNIFER ROWLAND Staff writer
The recent stock market crash took the Kansas University Endowment Association's investments tumbling with it, but for now the figures have fallen only on paper.
"Until the dust settles, it's just a matter of adding up figures that don't mean anything," he said.
Todd Seymour, president of the Endowment Association, said yesterday that the Endowment Association had lost between $6 million and $15 million but that the loss was not yet material.
The stock market fell a record 508 points Oct. 19, decreasing the value of U.S. stocks by about $503 billion.
'Until the dust settles. it's just a matter of adding up figures that don't mean anything.'
— Todd Seymour president, KUEA
Seymour said that about 80 percent of the Endward Association's stocks were in blue-chip companies, which are the largest and most stable. Losses in those stocks are not as significant, because those companies will bounce back more readily, he said.
"As long as people continue to buy products, the dividends from those companies should stay up, and we'll continue our cash flow." Seymour
The Endowment Association is independent from the University of Kansas. It provides money for things
such as student scholarships, fellowships, distinguished professorships and equipment. The University's operating expenses are paid with state money.
Seymour said the Endowment Association had about $70 million of its $200 million assets invested in common stocks.
Other investments include holdings in government bonds, cash equivalents, certificates of deposit, farmland and other real estate. Seymour
If the stocks remain at their low level for a long time, the Endowment Association will become concerned about damage to scholarships and other endowments, he said.
Seymour said he expected fundraising efforts to run into roadblocks if stock prices didn't rise, because the economy would deter potential donors.
"It it just becomes a negative thing that they don't think they're as wealthy as they used to be, whether they are or not." he said.
The University announced last spring a $100 million fund-raising drive called Campaign Kansas.
Current building projects also could be hit by the stock situation.
Stanley Koplik, executive director of the Board of Regents, said, "Hopefully over the next few months there will be a return of the stock market to previous levels, and that will minimize negative effects."
Koplik said the recent drop in stock prices could cause Regents schools to look at alternative means of investment.
"My hunch is that they will be exploring the full range of investment opportunities, seeing which ones are best under current conditions," he said.
Wanna buy a shirt?
Pat Martin, Overland Park sophomore, tries to sell a KU-K-State T-shirt to the OF phika Pappa Tau fraternity were selling the shirts yesterday in front of Stephanie Grover, Overland Park sophomore, Martin and other members Wesco Hall for Saturday's football game at Manhattan
The Associated Press
The sources, who spoke on condition of anonymity, said that Reagan approved the appointment recently and that it would be announced Thursday.
WASHINGTON — Defense Secretary Caspar W. Weinberger intends to resign this week and will be replaced by President Reagan's national security adviser, Frank Carlucci, sources said yesterday.
Carluci will be replaced by his deputy at the National Security Council, Lt Gen. Colin L. Powell, the former head of the National Black to the White House job.
Neither Weinberger nor Carlucci would comment on their reported moves. The White House officially had no comment but did not dispute the report.
Sources said Weinberger's decision to step down after seven years came for personal reasons rather than any dissatisfaction with the prospective arms control treaty with the Soviet Union or any policy disagreement with the president.
NBC Nightly News reported that Weinberger's wife, Jane, was known to be seriously ill.
Weinberger is less than four months' short of the longevity record set by former Defense Secretary Robert S. McNamara, who spent slightly more than seven years in the job.
Weinberger, 70, is one of the oldest members of the Cabinet. He is one of President Reagan's original Cabinet members and has served the longest term as defense secretary than all but one of his predecessors.
Many complain about stuffy buildings
Weinberger has been an unyielding supporter of the Reagan administration's defense buildup, and in the early years of the administration, he presided over an enormous buildup in the nation's military.
Cariucci, who once worked for Weinberger at the Pentagon, has been national security adviser since December 1986. He was named to the post in the wake of the Iran-contra affair, when National Security Adviser John Poindexter resigned.
By JORN E. KAALSTAD Staff writer
Indian summer is here, and while some people are enjoying the warm weather outdoors, others are sweating inside campus buildings with air conditioning systems either turned off or malfunctioning.
Jim Neeley, head of the reference department at Watson Library, said employees and students had complained of the heat yesterday. He measured a temperature of 90 degrees by the reference desk.
the front door to the reference desk to get some fresh air in here," Neeley said.
"We have seven fans lined up from
Bob Porter, associate director of physical plant maintenance for facilities operations, said the air conditioning system in Watson had broken down last weekend because of a malfunction in the controls.
Porter said the fault was repaired yesterday and the system should work today.
Employees at the English department on the third floor of Wescoe Hall have reported stuffy air and
temperatures in the 80s since Friday
temperatures in the 80s since Friday
Lori Whitten, office assistant at the
department, said the Wescoe offices
fled off as buffy because
most had no windows.
Dance students are complaining about stuffy studies on the second floor of Robinson Center, said Brenda Hotard, graduate teaching assistant in the dance department.
"They're working hard anyway and should have it warmer than it is now," he said.
Porter said some buildings now had air conditioning and some didn't
Different campus buildings are set up with different air ventilation systems, he said. Some buildings, such as Watson Library, have separate heating and air conditioning systems. Those buildings can be easily switched to either cold or warm.
Other buildings, including Murphy Hall and the old part of Summerfield Hall, have combined cooling and heating systems.
Porter said it took about three days to change the systems in those buildings.
Indian Summer is last blast for sun-lovers
By JORN E. KAALSTAD
Staff writer
Although shorts and T-shirts are not the most typical combination of clothes in November, that's what people are wearing on campus these days.
to stick around very long.
It's an Indian summer, caused by shifts in atmospheric pressure patterns, said Curt Hall, KU instructor in meteorology.
But, the summer-like weather in Lawrence with day temperatures in the upper 80s is a seasonal meteorological phenomenon that's not likely
A low pressure pattern that usually stays over this region suddenly shifts westward about this time most years, allowing warm air from the Gulf of Mexico to pass through and heat up the area.
Indian summers seem to occur fairly regularly at the end of October, usually after the first frost. They normally last from a week to two weeks. Hall said.
Sun-craving students aren't the only ones who appreciate the sudden
Joe Suggs, manager of the Alvamar Orchards Executive Golf Course, was all smiles because the
Indian summer would permit him to extend his season two weeks to Nov. 15.
"Golfers are like beach bunnies — they like it in the warm sun," Suggs said.
According to the National Weather Service in Topeka, the average temperature in the area increased from 45
See SPANISH, p. 6, col. 1
Top ten Hispanic populations in the United States
KU stressing Spanish language's practicality
By BRAD ADDINGTON
Staff writer
De Soto and Ponce De Leon were among the first Spaniards to bring their culture to America, but the Spanish language has taken a back seat here ever since.
However, an increasing number of Hispanic-Americans is making the Spanish language a larger part of U.S. culture.
And because of that, the need for Spanish-speaking professionals is growing, too, national education organizations and others say.
The U.S. Census Bureau in 1980, counted 14.6 million Hispanic-Americans. That number is estimated to rise to 19.8 million by 1990.
At the same time, foreign languages are receiving increased emphasis in higher education, said a questionnaire completed last year by 365 colleges and universities. In the survey, 22 percent of the two-year colleges, 55 percent of the four-year colleges and 66 percent of the universities had a foreign language requirement for graduation.
KU's College of Liberal Arts and
En todas partes
Sciences also has a foreign language requirement: four semesters of a foreign language or two semesters each of two foreign languages for students admitted before fall 1987. The number of students enrolled in Spanish or Portuguese courses has increased 73 percent in the last three years.
Despite the increase in enrollment and a relative scarcity of resources, the department of Spanish and Portuguese is starting a new program to better prepare students for life in regions, both here and abroad, where Spanish is commonly spoken.
Por que son los Arequipenos como Dios (Why are Arequipans like God)?
And so are KU Spanish students. Wescoe Hall simply could not
Porque estan en todas partes (Because they're everywhere).
A joke about the citizens of Arequipa, Peru, makes reference to their tendency to pull up their roots and plant themselves in some other part of the country:
accommodate the 73 percent increase in students taking Spanish
The department now has classes at Fraser, Haworth, Strong, Summerfield, Lindley and Lippincott halls and the Military Science Building.
Nor could Wescoe Hall provide for the 70 percent increase in Spanish and Portuguese teaching assistants over the last three years. Some students now have instructors with offices at Hoch Auditorium, Blake Hall and Snow Hall.
Robert Spires, chairman of KU's department of Spanish and Portuguese, said that too few classrooms and a lack of office space were the two biggest problems now facing the department.
In 1984, 1,550 students were enrolled in classes offered by the department. This fall, 2,674 students, or more than 10 percent of all students on the Lawrence campus, are enrolled in Spanish and Portuguese
This year, the department employs
See SUNSHINE, p. 6, col. 1