Montana Kaimin, September 30, 2008 Students of the Niu Versity of Montana, Missoula
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University of Montana ScholarWorks at University of Montana Associated Students of the University of Montana Montana Kaimin, 1898-present (ASUM) 9-30-2008 Montana Kaimin, September 30, 2008 Students of The niU versity of Montana, Missoula Let us know how access to this document benefits ouy . Follow this and additional works at: https://scholarworks.umt.edu/studentnewspaper Recommended Citation Students of The nivU ersity of Montana, Missoula, "Montana Kaimin, September 30, 2008" (2008). Montana Kaimin, 1898-present. 5143. https://scholarworks.umt.edu/studentnewspaper/5143 This Newspaper is brought to you for free and open access by the Associated Students of the University of Montana (ASUM) at ScholarWorks at University of Montana. It has been accepted for inclusion in Montana Kaimin, 1898-present by an authorized administrator of ScholarWorks at University of Montana. For more information, please contact [email protected]. UM’s Independent Campus Newspaper Since 1898 FCC: Broadcast TV’s going digital Griz record not page 3 quite so perfect page 5 Montana Kaimin Tuesday, September 30, 2008 www.montanakaimin.com Volume CXI , Issue 20 House shuts down $700-billion bailout bill Kelsy Bernius mining, nonresidential travel and MONTANA KAIMIN manufacturing, the state’s econ- The House of Representatives omy should be safe for a while. voted against a $700 billion bail- But in the long run, Montana will out on Monday that many hoped surely feel the effects of a suffer- would help this country’s fl oun- ing national economy, he said. dering fi nancial sector. Of interest to young adults are After the Monday 228-205 interest rates and the availability vote, the Dow Jones industri- of student loans. als plunged 777 points, the most “While everything right now ever in one day. is uncertain, I certainly wouldn’t This affects everyone, even be surprised to see this (buyout) college students. affecting the process and certain- With no one confi dent in a ty of student loans,” Polzin said. market that has gone south, banks But it hasn’t passed. are less willing to loan large UM Economics professor amounts of cash for cars, houses, Ranjan Shrestha said the House’s long-term investment plans and opposition to the bailout will student loans. likely make for a longer-lasting “What’s happening is people recession. can’t get loans so they can’t buy “The objective right now is anything that requires a loan,” to avoid a disaster and increase said Paul Polzin, an associate at confi dence in fi nancial markets,” the Bureau of Business and Eco- Shrestha said. nomic Research at the University Shrestha also said that the ef- of Montana. “The buyout is the fects of a looming fi nancial sec- administration trying to help out. tor will be felt by everyone, not I can’t say for sure whether or just the wealthiest investors. not the plan will work. History “As production falls, fi rms will decide that.” will be less likely to hire more Polzin, who has been used as fi eld type workers and more like- a source in Economist magazine, ly to layoff employees,” Shrestha said that because Montana pri- said. marily deals with wood products, See BAILOUT, page 8 Tuition freeze puts a few holes in UM’s budget Steve Miller UM kept $8 million in students’ MONTANA KAIMIN pockets by capping tuition. “That’s a heck of a deal,” Gov. Brian Schweitzer’s Col- Duringer said. lege Affordability Plan was in- In the last two years, During- tended to freeze in-state tuition er said, the governor office’s rates so that more Montana revenue estimated a surplus of residents could attend college about $1 billion, which allowed without accumulating a large for the flexibility to institute debt. But since CAP’s inception the CAP. in 2007, it has put some holes With the upcoming estimate Kelly Black/Montana Kaimin in UM’s budget. for the next two years, however, Students pass under the fl at-screen televisions in the Gallagher Business Building that frequently track the progress of the stock Bob Duringer, UM vice pres- markets. After the house voted against the $700 billion bailout package on Monday, the Dow lost 777 points. Duringer said he doesn’t expect ident for Administration and that there’ll be that amount of Finance, said although freezing money available. tuition has proved beneficial for “We’re not seeing num- students, it’s been challenging bers like that going forward,” Panel discusses sweatshops for the university not to have Duringer said. “We’re seeing access to tuition revenue. Allison Maier staged a sit-in at President George Siegal, senior vice president and numbers about half that.” MONTANA KAIMIN “We’ve had to tighten our UM President George Den- Dennison’s offi ce as part of an general legal council of the Col- belts a little bit, but we’re cer- Competition in the college ap- nison agreed that while CAP effort to get the administration’s legiate Licensing Co., led a panel tainly willing to do that to make parel industry has caused facto- has allowed more Montana support for the Designated Sup- discussion on “Corporate Social sure the students get the best ries to continue lowering prices to residents to go to college, it has pliers Program, said Executive Responsibility.” deal,” Duringer said. attract business, leading to sweat- taken its toll on UM’s contin- Vice President Jim Foley. The purpose of the panel was to Although UM’s enrollment shop conditions that call for more gency fund. Scott Nova, executive direc- educate students, faculty and com- is at an all-time high, tuition aggressive regulation of working Dennison said CAP was tor of the Workers Rights Con- munity members on the causes of rates may still increase in order conditions, panelists told an audi- based on steady state enroll- sortium; Joe Bozich, president sweatshop labor conditions and the to compensate for the last two ence gathered at the UC Friday. ment, in which the state appro- and chief executive offi cer of possible solutions proposed. years’ loss of revenue under the The panel has been in the works priated the finances necessary Knight’s Apparel Inc., the na- “This is not meant to be a de- freeze. since last spring, when Students to keep tuition from increasing tion’s second-leading producer of bate,” said Foley, who moderated Duringer added that over the for Economic and Social Justice See WRC, page 7 See CAP, page 8 sports licensed apparel; and Bruce course of the last two years, Today On Campus Inside the Kaimin Forecast • The Foreigner News Soccer High 74F Masquer Theatre page 4 page 5 $13 general public; $10 seniors/stu- Anti-sedition movie Tough weekend Low 45F dents; $7 children 12 and under. to show tonight for Lady Griz 2 Montana Kaimin Opinion Tuesday, September 30, 2008 Lift the garbage can lid and see bottles, cans and newspapers Editorial all the usable recyclables have been discarded ever so igno- Letters to the rantly into the garbage cans. Just The economic future I want to thank the Climate Ac- Editor think about what you’re doing. tion Now volunteers for their work Please, for future’s sake, be a little on campus last week. It was good more conscientious about what looks grim for upcoming grads for everyone to see how much re- drink energy drinks and Powerade you throw away and where you usable material ends up in the gar- and bottled water as you wait for put it. The recycle bins are usually I have a feeling a lot of students at the University of Montana are in the bage. Thank you CAN volunteers the bus but apparently don’t like to labeled. If you have a newspaper same boat I am. for digging through our garbage to recycle. Similarly in the Lommas- that you’re done reading, an empty I’m not an economics major, I’m not a business major, and I have no show us how easy recycling can be. son, the garbage cans contained plastic bottle or aluminum can, re- idea what is happening, or is going to happen to the fi nancial markets in the They certainly inspired something way too much reusable material. cycle it! There are plenty of op- United States. in me. I’ve formed this strange The recycling program on campus tions and they stretch from the And from what I gathered by reading the news on Monday, no one else habit of peering over the rims of and the friendly groundskeepers UC to the Lommasson to count- does either. The $700-billion bailout plan failed to pass. When the stock garbage cans and lifting the lids of have made it rather simple for us. less other locations in between. markets closed, the DOW had fallen 777 points. According to The New recycling bins to take inventory. So They’ve strategically placed recy- If you put your garbage in the York Times, it was the worst single-day drop in two decades. have some of my friends. Thanks, cling bins directly beside or close garbage can and your recyclables It hurts my head to even think about picking a side. Yes, I do think the Schmiel. Unfortunately, though, I to every garbage can on campus. in the recycle bins, the folks at government needs to step in and help in some way. But as House Rep. Jeb had to take a big plastic bag and an It’s not as if it’s an inconvenience recycling won’t have to separate Hensarling (R-Texas) said, a $700 billion bailout package would put the old glove.