8
Tuesday, October 27, 1987 / University Daily Kansan
Campus/Area
Briefs
■ KU police are searching for a man who struck a KU student and pulled a knife during an altercation early Saturday morning at Jayhawk Towers apartments.
According to police, the student was dropping a woman off about 2 a.m. at Jayhawk Towers, 1601 W. 15th St., and blocked the driveway. The driver of another car in the street got and got out of his car. After arguing first student, he pushed and struck him and then pulled out a knife.
KU police spokesman Sgt. John Brothers said the department received the call at about 2:10 a.m. The persons involved had gone, but the victim called police at about 3 a.m. after having left the scene.
Brothers said no arrests had been made.
A 29-year-old Wichita man was arrested Sunday on charges of assault, assault on a police officer, disorderly conduct and resisting arrest after an incident early Sunday morning outside Dymmz, 530 Wisconsin St., Lawrence police law.
According to police, the dispatcher received a call that three men were threatening customers in their car near the bar. The men escaped before they arrived, but police stopped them in the 1500 block of West Sixth Street.
While police were questioning the men, one hit the police car with a cane and yelled obscenities at an officer. He was arrested but released on $1,500 bond. He is to appear at 4 p.m. Friday in Douglas
County District Court. The other men were not charged.
A Joseph R. Pearson Hall resident's car was damaged Thursday when someone released the car and the car rolled into a tree.
According to KU police, the student had left the car in the circle drive in front of the hall. The student told police that he suspected someone entered the car and released the brake while he was 14 ft. 41 in. 4 pm and 1.52 p.m. The car relied on sidewalk and part of a lawn for about 134 feet before hitting the tree.
Damage was estimated at $1,500 to $2,000. KU police are classifying the incident as criminal damage to property but have no suspects.
■ A fire that caused damage Saturday afternoon to a building at Bowersock Landing north of city hall is still under investigation, Maj. Paul Finley of the Lawrence fire department said yesterday.
He said fire officials probably would have a report Wednesday.
Seventeen firefighters responded at about 3:45 p.m. Saturday after the fire broke out in a building on Southwest streets along the Kansas River.
Stephen Hill, owner of the building, said he thought a glass blower in the building had overheated and caused the fire.
Hill said that although damage had not been determined, it was not extensive.
On the Record
■ An AM-FM radio/cassette player was at $600 was taken between 6 p.m. Thursday and 7 a.m. Friday from a car parked on Creekwood Drive, Lawrence police reported.
p. m. Friday from a personal locker at a business on Lakeview Road, Lawrence police reported.
An AM-FM radio/cassette player valued at $300 was taken between 8 p.m. Thursday and 8 a.m. Friday from a car parked on Creekwood Drive, Lawrence police reported.
- An AM-FM radio/cassette player valued at $25 was taken between 1 p.m. and 3 p.m. Saturday from a car parked in the 900 block of Alabama Street, Lawrence police reported.
A red 1985 Ford Thunderbird valued at $12,000 was taken between 10:30 p.m. Saturday and 8:30 p.m. Sunday on Street, Lawrence, police reported.
- Cash estimated at $280 was taken between 1:30 p.m. and 3:30
A radar detector valued at $250 was taken between 4 p.m. Friday and 10 p.m. Saturday from a car parked in the 1300 block of Louisiana Street, Lawrence police reported.
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TOPEKA - The stock market may have taken a free-falls during the past week, but the executive director of the state's retirement fund said yesterday its fluctuations probably will not force a change in the way pension funds are invested.
The Associated Press
Pension fund official says money OK
--making any big strategic decisions based on big movements this week or something else last week."
Marshall Crowther, the executive secretary of the Kansas Public Employee Retirement System, said the more than $3 billion fund is large enough and investments of its money are being made to KPERS members and state and local agencies from the effects of recent declines in stock prices.
The Dow Jones industrial average closed down 156.83 points yesterday, after an overall decrease of 300 points last week. One measure of more than
5,000 stocks indicated that the market had lost $203 billion in value.
"We have a very long-range outlook," Crowther said. "We're not
This is paper change. It wasn't what we call a realized loss.'
Marshall Crowther Executive secretary of KPERS
Before a 508-point decline in the value of stock Oct. 19, KPERS had an investment portfolio worth about $3.3
billion. Now, Crowther estimates the
portfolio is worth between $3 billion
and $3.1 billion.
About 45 percent of the retirement fund, or about $1.4 billion, is invested in stock, Crowther said, with other heavy investments in bonds and real estate. Most of the money are invested in stocks for many different kinds of companies, he said.
"The broad diversity put us in a good position," Crowned. said.
lated because the retirement system does not plan to sell off its shares of stock, Crowther said, adding that its officials feel what constituted a good investment before the recent revaluation of a good investment in the long run.
At the same time, KPERS pays out between $110 million and $120 million annually in retirement benefits, Crowther said. This means the more than $3 billion fund can withstand a serious market fluctuation without a substantial impact on KPERS members, he said.
Also, KPERS members are insu-
"This is paper change," Crowther said of the market fluctuations. "It wasn't what we call a realized loss."
Crowther said his office had received about a dozen calls from members specifically about the stock market situation during the past week.
"We've had more calls from the news media than anyone else," he said.
New highway plan proposed for '89 budget
The Associated Press
The proposal is at the discussion
TOPEKA — Secretary of Transportation Horace Edwards said yesterday that he has included a comprehensive highway plan in his proposed budget that will be controversial if introduced into the 1988 session of the Legislature.
Edwards said that the plan is part of his proposed fiscal 1989 budget, which he has presented to Gov. Mike Hayden. Edwards would not give details about the proposal's costs or how he would be funded. He did say it would him would include both new construction and enhanced maintenance.
stage among state officials and legislative leaders, he said.
Hayden called a special session Aug. 31 to consider a $1.7 billion program, but the session adjourned six days later without passing a bill.
said.
The highway plan in the proposed budget is a revision of Hayden's previous proposal, Edwards said.
"It's part of the fiscal 1989 budget," Edwards said. "I'm not pushing for the '88 session. That will be up to the governor." he added.
The proposal is part of "a baseline from which KDOT (the Kansas Department of Transportation) budget planning is to proceed," he
Although he would not give details about possible funding methods for highway construction, Edwards said indexing, which is increasing user fees in accordance with inflation, would not be used. Indexing was designed to House and Senate Transportation Committees during the special session.
Edwards said the proposal will cause controversy if presented to the upcoming session.
"Given the history of any comprehensive highway program in Kansas during these times, I would agree it to be controversial," he said.
Kathy Peterson, Hayden's press secretary, said the governor still supports the concept of a comprehensive highway plan. "But this time he is going to get a lot of input from the Legislature before he decides whether he'll propose a comprehensive plan to the '88 session," she said.
She said the governor will meet with Republican leaders on Nov. 2 and with Democrats later in December to discuss the big-ticket items in the budget. The highway plan probably will be one of them, she said.
KUNEA is a strong advocate for faculty rights, tenure and academic freedom.
"Obviously, he wants to run the idea before that group," she said.
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