Daily Trojan, Vol. 106, No. 64, April 20, 1988 |
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viewpoint The criminal court system must help in the war against gangs — page 4. feature Four-foot-tall penguins and giant kangaroos invade Los Angeles — page 15. sports The university is ready to celebrate 100 years of athletics — page 36. (Mate7 trojan Volume CIV, Number 64 University of Southern California Wednesday, April 20, 1988 Morals vs USC still has $24 million in South Africa By Kathleen Berry Staff Writer The university now has more than $24 million invested in corporations that do business in South Africa and has not significantly decreased its investments since 1985, when the university first examined its investments in that country. Administrators say that most of those companies have either left South Africa or been re-evaluated favorably by an outside consulting firm that rates corporations there. As a result, the university will not actively divest from that country. "We really haven't made a conscious act of divesting — it's more or less an attrition," said William Hro-madka, university treasurer. "When it's come time to sell a stock after it's (Continued on page 13) SMUi IH money: The divestment debate Angry ralliers ‘take a stand’ on apartheid By Michael Lambert Staff Writer BRUCE LE / DAILY TROJAN As Brian Sumerwell (right) stands on, Akim Odulate, representative of the African Students Association, reads a letter directed at President James Zumberge in a protest outside Bovard Administration Building on Tuesday. Zumberge was out of his office. A small crowd of students rallied outside Bovard Administration'Building on Tuesday, demanding that the university "take a stand against apartheid" by pulling out the more than $24 More on South Africa — page 12. million it has invested in South Africa. Throughout the rally, students repeated loud chants of "Zumberge Divest!" and “USC Divest!" at the request of their leader, Akim Odulate, an influential member of the African (Continued on page 26) Tuition costs soar faster than inflation — officials By Kevin Ota Staff Writer As tuition at private universities continues to increase each year at twice the rate of inflation, many students are now complaining that USC simply costs too much. But university officials contend that inflation is an inaccurate measure of the cost of an education. While inflation for 1987 was about 4 percent, university budget officials are projecting a tuition increase of 7.5 percent to 8.5 percent this fall, said John Curry, vice president of budget and planning. The first thing students and parents must understand, Curry said, is that the "market basket" of goods and services, on which the consumer price index and inflation are based, does not include education. "Higher education is just one little piece of the economy — it's not even represented in the consumer price index," he said. "But if it were, it shouldn't surprise anybody that education moves at a different pace than inflation. In fact, no individual piece of the CPI goes at the average." Curry said that to understand inflation as a college or university experiences it, people need to examine a "market basket" that specifically reflects the cost of educational institutions. "You need to look at what USC buys, and it is kind of weird compared to what an average family buys," Curry said. "About two-thirds of what we buy are the services of faculty and staff. "We're literally building labratones every day — we're remodeling, adding, building. . . . These are very expensive, much more expensive than the average apartment building that is represented in the CPI." Curry said the university also buys $3 million worth of books and periodicals each year, the prices of which have been "going through the roof for years. (Continued on page 8) John Curry, vice president of budget and planning, says tuition must rise faster than inflation because f of book costs, new buildings, financial aid demands and professor salaries. Commencement Duke, top students will share spotlight By Jordana Bieze Staff Writer This year's valedictorians, like the 5,147 other students who will walk through commencement ceremonies May 6, will not receive their diplomas until after degree checks are completed this summer. But Gov. George Deukmejian will receive one on the spot. Deukmejian, who is this year's commencement speaker, and three others who have demonstrated commitment and excellence in their fields of expertise will receive honorary doctoral degrees. Following his . 15-minute address to the graduates, the governor will be awarded a doctor of humane letters degree. Sir Randolph Quirk, an expert in the history and usage of the English language, will receive a doctor of literature degree; Olga Taussky-Todd, a mathematician, will be granted a doctor of science degree, and composer Mikios Rozsa will receive a doctor of music degree. Co-valedictorians Ken Bacher and Kim Valentine will each have the honor of addressing the graduates for three minutes on a topic of their choice. The three-minute speech is the only chance for the valedictorians to be recognized by their fellow graduates, said Robert Mannes, dean for student life. Mannes, a member of the committee that selects valedictorians, said the honor goes to those students who have demonstrated academic excellence and "balanced participation in university life." This participation can include membership in honor societies, holding a position in student government, or writing for the Daily Trojan, he said. Although both of this year's valedictorians have grade point averages of 4.0, Mannes said that is not a requirement for receiving the honor. It's possible for the selection committee to pass over a 4.0 student in favor of a student with a slightly lower GPA but an impressive back-(Continued on page 6)
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Title | Daily Trojan, Vol. 106, No. 64, April 20, 1988 |
Format (imt) | image/tiff |
Full text | viewpoint The criminal court system must help in the war against gangs — page 4. feature Four-foot-tall penguins and giant kangaroos invade Los Angeles — page 15. sports The university is ready to celebrate 100 years of athletics — page 36. (Mate7 trojan Volume CIV, Number 64 University of Southern California Wednesday, April 20, 1988 Morals vs USC still has $24 million in South Africa By Kathleen Berry Staff Writer The university now has more than $24 million invested in corporations that do business in South Africa and has not significantly decreased its investments since 1985, when the university first examined its investments in that country. Administrators say that most of those companies have either left South Africa or been re-evaluated favorably by an outside consulting firm that rates corporations there. As a result, the university will not actively divest from that country. "We really haven't made a conscious act of divesting — it's more or less an attrition," said William Hro-madka, university treasurer. "When it's come time to sell a stock after it's (Continued on page 13) SMUi IH money: The divestment debate Angry ralliers ‘take a stand’ on apartheid By Michael Lambert Staff Writer BRUCE LE / DAILY TROJAN As Brian Sumerwell (right) stands on, Akim Odulate, representative of the African Students Association, reads a letter directed at President James Zumberge in a protest outside Bovard Administration Building on Tuesday. Zumberge was out of his office. A small crowd of students rallied outside Bovard Administration'Building on Tuesday, demanding that the university "take a stand against apartheid" by pulling out the more than $24 More on South Africa — page 12. million it has invested in South Africa. Throughout the rally, students repeated loud chants of "Zumberge Divest!" and “USC Divest!" at the request of their leader, Akim Odulate, an influential member of the African (Continued on page 26) Tuition costs soar faster than inflation — officials By Kevin Ota Staff Writer As tuition at private universities continues to increase each year at twice the rate of inflation, many students are now complaining that USC simply costs too much. But university officials contend that inflation is an inaccurate measure of the cost of an education. While inflation for 1987 was about 4 percent, university budget officials are projecting a tuition increase of 7.5 percent to 8.5 percent this fall, said John Curry, vice president of budget and planning. The first thing students and parents must understand, Curry said, is that the "market basket" of goods and services, on which the consumer price index and inflation are based, does not include education. "Higher education is just one little piece of the economy — it's not even represented in the consumer price index," he said. "But if it were, it shouldn't surprise anybody that education moves at a different pace than inflation. In fact, no individual piece of the CPI goes at the average." Curry said that to understand inflation as a college or university experiences it, people need to examine a "market basket" that specifically reflects the cost of educational institutions. "You need to look at what USC buys, and it is kind of weird compared to what an average family buys," Curry said. "About two-thirds of what we buy are the services of faculty and staff. "We're literally building labratones every day — we're remodeling, adding, building. . . . These are very expensive, much more expensive than the average apartment building that is represented in the CPI." Curry said the university also buys $3 million worth of books and periodicals each year, the prices of which have been "going through the roof for years. (Continued on page 8) John Curry, vice president of budget and planning, says tuition must rise faster than inflation because f of book costs, new buildings, financial aid demands and professor salaries. Commencement Duke, top students will share spotlight By Jordana Bieze Staff Writer This year's valedictorians, like the 5,147 other students who will walk through commencement ceremonies May 6, will not receive their diplomas until after degree checks are completed this summer. But Gov. George Deukmejian will receive one on the spot. Deukmejian, who is this year's commencement speaker, and three others who have demonstrated commitment and excellence in their fields of expertise will receive honorary doctoral degrees. Following his . 15-minute address to the graduates, the governor will be awarded a doctor of humane letters degree. Sir Randolph Quirk, an expert in the history and usage of the English language, will receive a doctor of literature degree; Olga Taussky-Todd, a mathematician, will be granted a doctor of science degree, and composer Mikios Rozsa will receive a doctor of music degree. Co-valedictorians Ken Bacher and Kim Valentine will each have the honor of addressing the graduates for three minutes on a topic of their choice. The three-minute speech is the only chance for the valedictorians to be recognized by their fellow graduates, said Robert Mannes, dean for student life. Mannes, a member of the committee that selects valedictorians, said the honor goes to those students who have demonstrated academic excellence and "balanced participation in university life." This participation can include membership in honor societies, holding a position in student government, or writing for the Daily Trojan, he said. Although both of this year's valedictorians have grade point averages of 4.0, Mannes said that is not a requirement for receiving the honor. It's possible for the selection committee to pass over a 4.0 student in favor of a student with a slightly lower GPA but an impressive back-(Continued on page 6) |
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