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FOUR PLAYERS SCORE DOUBLE DIGITS IN ROUT Kansas dominates San Jose State 90-49. SPORTS | 1B
JAYHAWKS TAKE ON JACKSON STATE SATURDAY A victory would the men's basketball team's fourth in a row GAMEDAY | 6B
THE STUDENT VOICE SINCE 1904
THE UNIVERSITY DAILY KANSAN
KANSAS
24
FRIDAY, DECEMBER 5, 2008
VOLUME 120 ISSUE 74
WWW.KANSAN.COM
1 2 3 4 5 6 7 8 9
FINANCE
Endowment will decrease contribution to KU by 10 percent
BY FRANCESCA CHAMBERS
fchambers@kansan.com
The KU Endowment Association's investments have taken a bigger hit than expected from the global economic crisis, the association reported Thursday. Although renewable scholarships are safe, fewer new scholarships may be awarded.
The association announced Thursday it would decrease monetary support to the
University of Kansas by 10 percent for the 2009-2010 school year. The association's president, Dale Seuferling, said in a letter that returns from the endowment's long-term investment program declined by 26.6 percent from July 1 to Oct. 31, prompting the association to take dramatic action.
"At this time we need to make these reductions for the coming year as a means of mitigating the possibility of greater reductions in future years," he said.
The associations announcement came at the heels of Harvard University's announcement Wednesday that its endowment had decreased in value by 22 percent in the last four months. Harvard projects that the value of its endowments would drop by another eight percent before the end of its fiscal year, June 30.
Seuferling's letter also followed a Nov. 18 article in The University Daily Kansan in which Jeff Davis, Endowment senior vice
president for finance and treasurer, said, "I don't think there's a time we will not be able to operate normally."
However, Seuferling said that the context of the article dealt only with spring 2009 financial aid and not with future semesters. Additionally, he said the situation is more grave than it was at the time of the story's publication.
"Things can change a lot," he said. "They've gotten worse. Let's just hope that's
not the same response I have in January or February"
Seuferling said that although students who have already been awarded renewable scholarships and professors in endowment-funded positions are safe from the cuts, fewer scholarships could be available for other students.
IN MEMORIAM
Chancellor Robert Hemenway was out
SEE ENDOWMENT ON PAGE 3A
Campus mourns Mumbai deaths
BY DAVID UGARTE editor@kansan.com
Students, faculty and members of the Lawrence community gathered for a memorial prayer service in the Relay Room at the Burge Union Thursday in memory of the victims of the Mumbai terrorist attacks.
Rabbi Gavriel Holtzberg and his wife, Rivkah, who were in charge of the Chabad Jewish Center in Mumbai, India, were among the victims of the attacks. Director of the Chabad Jewish Center in Lawrence, Rabbi Zalman Tiechtel knew Gavriel Holtzberg as a classmate, neighbor and friend growing up in Brooklyn.
"We grew up together. He always inspired me with his passion to do good for others." Tiechtel said.
Tiechtel remembered first hearing the Holtzbergs were in danger when he was contacted via e-mail by the Chabad movement. When the attacks in Mumbai began, the Chabad headquarters had tried to contact the Holtzbergs, receiving no answer until a terrorist picked up the phone and demanded to speak with the Indian government.
"Tonight was the greatest response. Everyone gathered in unity for those killed, both Jews and non-Jews," Tiechtel said.
In response to the tragic deaths in Mumbai, the Jewish community in Lawrence gathered at the prayer service to remember the lives lost.
Jeremy Adkison, Leavenworth freshman, chose to attend the prayer service after seeing Rabbi Tiechtel speak to his "Living Religions of the West" class. He said it was good for people to attend the prayer
Rabbi Sholom Wineberg, executive director of Chabad of Kansas and Missouri, speaks words of peace and healing on Thursday night at the memorial gathering for victims of the terrorist attacks in Mumbai. At the end of the gathering, the attendees were asked to donate a mitzvah, a good deed, in honor of the victims.
SEE PRAYER SERVICE ON PAGE 3A
Allison Richardson/KANSAN
ATHLETICS
Lawrence business owners upset with extended Arrowhead contract
BY B.J. RAINS
rains@kansan.com
"It is an outstanding opportunity to showcase this great rivalry on a terrific national stage" said Lew Perkins, athletics director. "In addition, it gives our players the experience of competing in one of the NFL's premier stadiums — an experience they will never forget."
The Kansas-Missouri football game will take place at Arrowhead Stadium in Kansas City for another four years—much to the disappointment of Lawrence business owners.
The game was first moved to Arrowhead before the 2007 season as part of a two-year deal. But last week they agreed to a four-year deal that will ensure that the Border Showdown stays in Kansas City, Mo., until at least 2012.
But while Perkins and KU officials are happy with the move, some local business owners are not. The new agreement means would-be home games against the rival Tigers in 2009 and 2011 will not be in Lawrence, taking away gameday crowds and the boost they provide to the local economy in the process.
Local businesses were outraged when the game was first moved away from Lawrence two years ago. Owners of the Red Lyon Tavern on Massachusetts Street organized a boycott of the game and gave discounted food and drink specials to patrons who brought unused game tickets into their establishment.
"It's definitely disappointing," said Brad Wilson, manager at Sports Dome, a sports apparel store on Massachusetts Street. "It hurts that they are choosing a different city for their financial reasons over promoting their own economy."
"I think that money will be spent in Lawrence, whether it is before the game, after the game or on another day in
Lawrence," Jim Marchiony, associate athletics director, told The Lawrence Journal-World at the time. "It is very premature to predict economic doom and gloom because of one game being moved out of Lawrence."
Businesses had hoped that the agreement would end after this season and the game would return to Lawrence, but officials from the two schools worked out a four-year agreement that will keep the game from Lawrence until at least 2013. KU athletics officials, however, did promise that they will play a minimum of six games in Lawrence each season.
Edited by Kelsey Hayes
"We'd definitely rather have the game here and the 50,000 people here in town," Wilson said. "Because of the traffic on Mass, and because we're one of the largest sports retailers here in town — it definitely hurts."
Jon Goerina/KANSAN
The Jayhawks will play the Missouri Tigers at Arrowhead Stadium in Kansas City, Mo., until at least 2012. Athletics department officials defend the decision, while local business owners argue that it detracts customers.
index
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All contents, unless stated otherwise. © 2008 The University Daily Kansan
FUNKHOUSER'S WIFE HELPS RUN CITY, STIRS DEBATE
Voters voice concern for Gloria Squitiro's involvement in running Kansas City, Mo., with her husband Mark Funkhouser. LOCAL | 3A
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