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THE UNIVERSITY DAILY
A
KS STATE HISTORICAL SOCIETY
PO BOX 3585
TOPEKA, KS 66601-3585
ansan
Monday
November 10, 1997
Section:
A
Vol. 108 • No. 58
Periods of clouds and sunshine
Online today
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Send someone you love a virtual floral bouquet.
http://www.virtualflowers.com
The Kansas football team, 5-5 and 3-4, fell to the Kansas State Wildcats, 8-1 and 5-1, on Saturday. 48-16.
SEE PAGE 1B
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THE STUDENT NEWSPAPER OF THE UNIVERSITY OF KANSAS
Brother, can you spare $10,000?
Alumnus teaches students to invest
By John Wilson Special to the Kansan
Kent McCarthy made enough money investing on Wall Street to retire just 13 years after graduating from the University of Kansas.
Now he teaches students how to do the same thing.
McCarthy left Goldman Sachs of San Francisco in 1993 and moved to Kansas to pioneer a new kind of class in investment portfolio management. He built a class where students would invest part of a $250,000 gift he gave the Endowment Association.
In four years, the fund has grown to about $425,000 — an increase of 86 percent. In this year alone, the fund went up 32 percent.
the Regents Center, McCarthy divides his students into groups of five and allows each group to invest $10,000 in the stock market after intense research.
In his class, taught on Thursday nights at
Each group is assigned certain companies to research. Reports about future successes or failures are submitted weekly, and students build files that include newspaper and magazine articles and company and competitor reports.
"The cellular phone industry is booming right now," McCarthy said. "We are currently researching the main competitors to see which company is advancing in technology and market share. From this information, we make educated decisions on which companies to invest in."
McCarthy also asks two or three CEOs of high-profile companies to speak each semester. The CEOs give students the same information and presentations they would give to any brokerage firm. Highlights this semester include David Wathall of Heritage Media, who recently sold his company to industry mogul Rupert Murdoch, and Mobile Telecommunications CEO John
Stupka and CFO John Palmer.
"Kent still has a powerful reputation in investment," said co-instructor Paul Koch. "Busy people fly in from New York or San Francisco because of their respect for him and the capital he can still bring to their business."
Mccarthy received a BA from the University in 1980 and went to Stanford for graduate school. He spent time in New York and San Francisco working in the stock market, and by 1993 he had had enough financial success to retire, move back to Kansas and give the University $250,000.
Since returning to the Midwest, McCarthy has founded a Hedge fund in Kansas City because several of his biggest customers had asked him to continue working for them. He said this helped him to stay fresh in the business and to not lose his competitive edge.
"Why should students listen to me about the investment world of today if I only have experience in the world of yesterday?" McCarthy said. "I'm still doing the same research and making the same hard decisions my students are having to make."
Portfolio growth
Andrew Rohrback / KANSAN
McCarthy's goal of raising $15 million by 2008 to sponsor a new graduate business school center may become a reality if his students continue their success.
Lindsay Dillard, Prairie Village senior, left, and Karrie Clarke, Amarillo, Texas, senior, walk in front of the Salvation Army on Saturday as a part of this year's Reality Walk. The Salvation Army offers a variety of services, including emergency meals, shelter and clothing. Photo by Augustus Anthony Piazza/KANSAN
Walking, talking about service
By Gwen Olson
Students tour, learn of social agencies
Kansan staff writer
By Gwen Olson golson@kansan.com
The walk was the first program of Hunger and Homelessness Month, sponsored by Concerned, Aware and Active Students (CAAS), a division of the Center for Community Outreach.
Saturday morning began earlier than usual for a group of students taking part in a Reality Walk of Lawrence's social service agencies.
Beginning at 9:30 a.m., the group toured agencies including the Jubilee Cafe, the Salvation Army Church, Penn House, the Social Service League and Lawrence Interdenominational Nutritional Kitchen. Twelve students and two Lawrence residents participated in the event.
The Reality Walk began at Trinity Episcopal Church, 1011 Vermont St., where
the jubilee Cafe is offered Tuesday mornings from 6 to 9 a.m.
Cheryl Hill, St. George junior and coordinator for the Jubilee Cafe, said the cafe was one of the center's most popular service opportunities.
Jubilee Cafe serves a restaurant-style breakfast to homeless people and others in need.
"Our philosophy is to serve our guests with dignity and respect," she said. "Our goal is to let people make their own choices."
The shelter requires that a breathalyzer test be performed on anyone who wants to stay at the shelter. Those who have a blood-alcohol level of more than .08 are turned away.
The group then walked to the Salvation Army Church, 946 New Hampshire St.
The church houses a shelter for those in need. During the tour, students asked Kirk Schuetz, Salvation Army lieutenant, about the group's breathalyzer policy.
Schuetz told the students that the policy was to insure that people staying in the shelter will be safe. He also said that the shelter had yet to turn anyone away.
After the tour of the church, the group headed to Penn House, 1035 Pennsylvania St., the Social Service League, 905 Rhode Island St, and the Lawrence Interdenominational Nutritional Kitchen (LINK), 1000 Kentucky St.
The Social Service League takes donations of clothing and other household items and sells them at a low cost to low-income families.
"The whole goal is recycling," said K.T. Walsh, director of the center, to the group as it stood outside with volunteers, who were sorting clothes. "The idea is getting the community to come together and people getting together."
Profits from sales are used to pay for shoes and eve exams for children.
Kate Turnbull, Lawrence sophomore and co-coordinator for CAAS, said the walk was a good way to learn about community service.
"I think it's important for people not to sit in their heated cars and look at the places. It's better to go into the agencies and see where people go," she said. "It's important to see because it seems a million miles away from campus.
Silly Kansas laws
Some outdated Kansas state laws:
It is illegal to shoot rabbits from a motorboat.
It is illegal to catch fish with your bare hand.
- It is illegal for pedestrians to cross the highway at night without taillights.
- Some outdated laws in Kansas communities:
- it is illegal to burp loudly while walking around the airport in Halstead.
- It is illegal to carry bees in your hat in the streets of Lawrence
It is illegal for a father to frighten his daughter's boyfriend with a gun in Wichita
It is illegal to practice knife-throwing at men wearing stirred suits in Nathana
it is illegal to wash your false teeth in a public drinking fountain in McLouth
smoking location in Woolcott.
it is illegal to have a musical car horn in Russell
Outdated laws seem silly but serve purposes
Mary Corcoran
mcorcoran@kansan.com
Kansan staff writer
It is illegal to carry bees in your hat in the streets of Lawrence.
Although it seems ridiculous, it's the law, and a person could be binned for breaking it. It's one of many laws in Lawrence and the state of Kansas that are outdated.
Georgann Eglinski, associate dean of law administration, said many outdated laws still existed because it would take time to repeal them.
"Laws stay in effect until they are repealed," she said. "Every proposal to repeal must be treated as a proposal to enact — it must be proposed, voted on and sent to whomever for a signature."
Eliminating outdated laws takes a lot of time, and it may be easier to let the laws remain.
Eglinski said many of the laws probably served some purpose and were important to the town or or state in which they were passed.
In Kansas, for instance, it is illegal to shoot rabbits from a motorboat. Eglinski said she did not think that law was silly because it probably had been passed for the public's protection.
Eglinski said she did not know the reason behind the no-bees law in Lawrence, but she speculated that it might have something to do with people smugglers bees into a building as a loke.
Kimberley Dayton, professor of law, agreed that most seemingly silly laws had been enacted for a reason.
Eglinski said that some cities and states had done that, but she did not know whether Lawrence or Kansas had.
"The old ones — the ones that seem silly to us — were probably designed for a purpose that no longer is relevant or in response to a specific situation." Davton said.
"Every once in a while, someone will make an effort to clean things up, a city commissioner might direct the council to eliminate the laws or a legislator might ask the state to repeal a set of laws," she said. "That can help eliminate outdated laws, but I don't think Lawrence has recently done that."
Rock Chalk alliance
The only way to remedy the situations is to go through the law books and repeal all the outdated laws.
Fourteen living organizations submitted notebooks last week
and a tradition are joining forces
to audition for Park Chalk Revue.
- For the first time, residence halls and a fraternity are joining forces
to audition for Rock Chalk Revue.
For auditions only.
23, judges will decide who will perform in the spring show.
After interviews Nov. 22 and Nov.
23, judges will decide who will
KU fraternity residence halls work together for Rock Chalk
AURH, Theta Chi hope to bridge gaps
By Sarah McWilliams
smcwilliams@kansan.com
Kansan staff writer
Members of the Theta Chi fraternity and the Association of University Residence Halls will audition for the show together later this month.
Members of the University of Kansas residence halls will audition with a fraternity for the first time in the history of the Rock Chalk Revue.
Jessica Perkins, Apple Valley Minn., junior and director of the AURH group, said the two groups were working together to bridge the gaps among living organizations on campus.
She said that AURH already had done that by working with scholarship halls and greek organizations in activities such as blood drives and philanthropies.
The 42 members in the group are from every residence hall, Jayhawker Towers and Theta Chi, Perkins said.
In the past, the revue has been perceived as a primarily Greek event, but this year the two groups want to set a precedent, Perkins said.
"We're all essentially living organizations with the same things in common," she said.
The revue, which is in its 49th year, is one of the largest student-run philanthropies in the United States. Last year, it raised about $30,000 and donated 34,000 hours of community service for the United Way of Douglas County.
Joe Thomas, Coffeyville junior and Theta Chi member, said that the members of the fraternity had a good working relationship with residence hall members and would consider working with them again.
He said the two organizations had been planning, writing and designing their notebook since last year.
"I had no idea the amount of work and dedication that's involved." Thomas said.
Thomas and the five other Rock Chalk directors from the fraternity and AURH submitted their notebooks to revue judges last week, he said.
John Laing, Olathe junior and promotions coordinator for the Rock Chalk Advisory Board, said the notebooks, which were submitted by 14 living organizations on campus, included a script, set design, music, character sketches and choreography. Laing said.
In the next two weeks, the directors will prepare for interviews with the judges, which will be Nov. 22 and 23. The judges, who will choose five skits, do not have current affiliations with the University.
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