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In (he early 1900*, onl> Henion* and junior* were allowed lo wear corduroy trouwra on campua. Thane who did not comply wilh this rule were thrown in the “duck pond."
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dtrojaiitfuec.edu
http://www.UM.adu/dt
NEWSPAPER OF THE UNIVERSITY OF SOUTHERN CALIFORNIA
March 23, 2000 Vol. CXXXIX, No. 40
Faces of Troy: Member* of the women'# haskethall team have distinct personalities .uni talent*, including modeling lf(J(II120
Sign of the Timer. Newspaper merger ineana changes - for belter or worse,
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Crime: Undisclosed amount taken at gunpoint from an armed transport courier following pickup, police said
Hy Cl .A IRK LUNA
Kditor In Chief
Police have apprehended one of four suspects in a robbery near the USC Federal Credit Union in which an undisclosed amount of money wus taken from un armed transport courier Wednesday afternoon, police said.
The suspects, all male, were caught on tape by a campua surveillance camera, said Lt. Otis Dobinc of the Los Angeles Police Department. The tape is being used to identify and apprehend the suspects.
No one was hurt in the incident.
Though police would not disclose the amount that wus taken, it was such that the LAPD used its special robbery-homicide unit, Dobine said.
The unit Ih normally usnl in armed transport inci-itentH, Maid Officer Don (’ox of (lie I.AI’L) Media Relations Office.
After an armed transport courier exited the Credit Union, a suspect approached and started talking to him, Cox said.
Then another suspect approached with a gun and demanded the money, after which the suspects fled the scene on foot, Cox said. No shots were fired.
One suspect was apprehended about 5:45 p.m. about a block away from the scene, Dobine said.
Four suspects were involved in the incident, Dobine said, though he could not clarify each suspect’s role.
Those people who deposited money at the Credit Union on Wednesday should not be concerned about their accounts, said Gary Perez, CEO of the Credit Union.
"All deposits have been posted and will be reflected regardless,” he said. "We have a record of all depositers and will be able to reconstruct the check record. “No members of the university community will have their account negatively affected.”
Most of the checks the courier was transporting involved USC cashier deposits, not Credit Union ones, Perez said.
Dobine said that the robbery was similar in type to other recent ones, though they declined to comment further.
Following Wednesday’s incident, Perez anticipates improved security measures at the Credit Union.
“While we feel that the Credit Union has a more-
I see Crime, page 14 I
Young and proud. Tyler Kelley, a senior majoring In political science and International relations, Is USC's fifth Luce Scholar.
Asia major
BY JENNY J. LIN
Stuff Writer
Student Senate President Tyler K. Kelley was recently named a Luce Scholar for the year 2000-2001, making him USC’s fifth since the founding of the program in 1974.
Kelley, a senior majoring in political science and international relations who is in the Sigma Alpha Epsilon fraternity, will also receive a plaque that will appear on USC’s Wall of Scholars at Leavey Library.
The late Henry R. Luce, co-founder and editor in chief ofTiine Inc., started the foundation in 1936.
The program aims to “provide an awareness of Asia among potential leaders in American society.” It
offers students the opportunity explore Asia. Students with exposure to Asian studies cannot qualify for the scholarship.
The selection process is very rigorous,” said Carol Gordon, student program specialist at the Graduate School Office and adviser for the Luce and Fulbright scholarship programs.
The Luce Scholars Program selects 18 scholars to experience Asia to enhance their professional perspectives as well as sharpen their perceptions of Asia, America and themselves.
As Student Body President, Kelley oversees and allocates a $1.5 million budget. Kelley is also a J. Wesley Robb Endowed Scholar in Human Values.
Kelley has taken an active role on campus by participating in Order of
Omega, U*adershape USC, Interfraternity Council, and USC Men's Club Soccer team.
He also contributes his time to volunteering at the Ix>s Angeles Soup Kitchen, Teaching International Relations Program and serving as a child care counselor in the 4th R Program. Kelley is the co-founder of “University of Serving Children," a community service group that targets children.
For Kelley, summers are spent studying and gaining work experience. Last summer, Kelley studied at Cambridge University. He has worked for Goldman Sachs as a summer analyst in the corporate finance department. Kelley has also worked for Los I see Scholarship, page 14 I
solidity for high potential
its at the close of its fiscal year in June this year; however, the rate of profit growth is slowing down — a huge negative in this market — causing investors to dump the stock.
Investors are willing to pay high multiples for companies that are growing at a fast clip, even though their profits may not even closely reflect their respective market valuations.
So-called “new-economy” stocks, ranging from Ariba — a hot business-to-business e-commerce solutions provider — to Rambus — a designer of high-speed computer memory chips — are continuously drawing investor interest, prompting ever-increasing stock prices. These are companies with which most people are unfamiliar.
Companies such as AOL, Microsoft and Dell are now considered “value-
plays,” or stocks that are expected to increase earnings and revenues at a steady clip and are thus not assigned astronomical valuations.
This diveigence is obvious in the performance of each index. As of yesterday’s close, the Dow, an index of 30 stocks that are representative of the economy as a whole, is down 6 percent for the year, while the technology-laden NASDAQ index is up nearly 17 percent so far this year after a record-setting 87 percent gain last year.
The Dow has recovered from bear-market territory, which is typically defined as a drop of 20 percent or more in an index’s value, in the last two weeks as investors shifted into cyclicals and value stocks.
The question “How is the market
I see Money, page IS I
Study promotes participation in 2000 Census
Community: Last count resulted in severe loss of funding for residents of area, researchers say
By YVONNE NGAI
Staff Writer
Researchers with USC’s Population Research Laboratory have released findings showing that USC’s undercounted presence in the last Census resulted in several
I see Censue. page 13 I
Money robbed near campus Credit Union
Student Body President 'Tyler Kelley to study in Asiu for a year as a Luce Scholar
Investors forsake
By JAIVIN KARNANI
Staff Writer
The recent divergence in the stock markets between the Dow and the NASDAQ has caused investors to re-evaluate their portfolio positions in the aptly named “old-economy” stocks.
It appears that money is shifting from companies with solid earnings and revenues toward companies with higher potential earnings and revenues. The key word is potential.
With Procter & Gamble’s profit warning two weeks ago, the 30 percent decline in the company’s stock price caused the Dow to drop 374 points that day, wiping out nearly a year’s worth of gains in the index.
Keep in mind that P&G will still rake in a little more than $3 billion in prof-
A column apfwariny every Thursday that examines student finance