UNIVERSITY DAILY KANSAN
Tuesday, November 16. 1993
By Sanaka Samarasinha
Views on Chinese student act vary at KU
Special to the Kansan
On campus, emotions run high about issues related to the Chinese Student Protection Act.
Several Chinese students refused to voice their opinions publicly for fear of creating divisions among the 232 Chinese students at the University.
"If we quarrel over this, it will do more damage than benefit us," said Shaohui Huang, president of the Chinese Student and Scholar Friendship Association.
Huang said that many of those students who were eligible for permanent residency under the act liked it, and many of those who came to the United States after the April 11, 1990, deadline did not.
Huang said one of the issues was the advantage Chinese students with permanent residency had in the job market.
"Most companies now require permanent residency before hiring," Huang said. "Some who didn't get residency feel that people who have got their residency will take all the jobs."
Huang, who came to the United States in August 1991, will not be eligible for permanent residency under the CSPA. A university student in China during the 1989 Tiananmen Square demonstrations, Huang said he was not aware of any persecution of students returning from abroad thus far.
However, he said that he supported the act.
"Not because of the threat of persecution," he said. "But because everyone should have the right to come here if they work hard."
graduate student, said some students who were actively involved in the democratic movement need protection. But, he said, most benefit because they would be able to seek employment in the United States.
He said one of the problems with the act was the April 11, 1990, cut-off date.
"Several of those students who participated in the democracy movement came after that date," he said. "They won't get anything."
Quin Song, Chengdu, China, graduate student, said the CSPA might even help establish democracy in China.
"Students who go back to visit will talk about what they see over here without fear, because if they are arrested their friends in America will know," he said.
cution was very real among Chinese students.
Song also said that the fear of perse
"If you don't protest openly, you won't be arrested," he said. "But you must realize that Chinese society is governed by fear and not by law."
Amid the international furor over the CSPA, KU officials are concentrating on making the transition from international to minority student status as smooth as possible for Chinese students on campus.
Representatives of the Office of Minority Affairs and the Registrar's office have already met with officials from International Student Services to discuss potential challenges. Gerald Harris, director of International Student Services, said Chinese students, as permanent residents, would automatically be serviced by the Office of Minority Affairs.
Retirement plans could start now
By Llz Klinger
Kansan staff writer
Shana Gorsky, Ft. Collins, Colo., senior, saved some of her salary from working at her parent's baseball card store, at a miniature golf course and as a tour guide for Anheuser Busch this summer.
"I always try to set some money aside so I will have some savings some day," Gorsky said. "I just know I have to do it."
After graduating next December, Gorsky plans on working full time and immediately to begin saving and investing some of her earnings. People in their 20s, like Gorsky, are encouraged by financial planners like Jim Strobl to begin taking measures now to ensure a financially secure retirement in the future.
"The thing that distresses me is that the average 50-year-old has only
saved $2,300," said Strobl, who is director of Watkins Memorial Health Center.
While the average American saves 4 percent of his or her earnings a year, the average Japanese saves 16 percent, Strobel said.
"You get so wrapped up in your day-to-day living, you don't think far enough ahead," Strobel said.
Students entering the job market should keep their savings separate from living expenses and should also save salary raises, Strobl said. Although considered risky by some, students should also consider investing in stocks, which offer a much higher rate of return, Strobl said.
Before investing, students should turn to such financial resources as Beating the Street by Peter Lynch, and Money Magazine, Strobl said. Looking at stocks in the newspaper and keeping an eye on companies producing products with potential for high sales also is helpful.
A no-load mutual fund, in which a company purchases stocks with an investor's money for a minimum fee, is an easy way for students to invest in stocks, said Maurice Joy, professor of business.
Placing money in a tax shelter like an Individual Retirement Account is an option for students who are uneasy about investing in stocks, said Dick Holzmeister, vice president of Capitol Federal Savings and Loan Association. 1025 Iowa St.
Dave Bennett, Overland Park sophomore, is not concerned about saving or investing for his future.
"I don't think I'll plan on it until I'm about to retire," Bennett said. "I just prefer to have money accessible and prefer not to put it in anything that might fail."
Start saving earlv
Investing with 9 percent interest makes more savings available when contributions start at an early age. The head start means more compounded interest, which explains how a lower investment becomes a larger total savings.
Source: Jim Strobel, director of Watkins KANBAN
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