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Thursday, October 30, 1997 • Vol. XXXI No. 43 THE INDEPENDENT NEWSPAPER SERVING NOTRE DAME AND SAINT MARY'S Wall Street and ND students connect at forum By MALIN STEARNS Notre Dame and the financial faculty and students will News Writer services industry and to benefit from the forum. increase awareness about "Notre Dame students will Wall Street Forum Any Notre Dame student Wall Street among students. benefit by gaining more October31, 1997 who has ever dreamed of Organizers John Affleck-. savvy about the industry, 10:20 a.m. "Financial Service~ Industry Overview" working on Wall Street now Graves of the finance depart­ and faculty will benefit by has a chance to get a little ment and George Duke of making connections within A series of overview presentations describing the taste of Wall Street right here Notre Dame Corporate investment firms," said finaru;iaJ services industry at Notre Dame. Relations hope the event will Duke. ·.:::::'<:;:·;:.. : The Notre Dame MBA not only expose Notre Dame Students of all majors and 1:00 p.m. "Starting a Wall Street Career" Association is sponsoring a students to Wall Street, but classes are invited to the one-day event to give students also give Wall Street compa­ forum. Organizers hope any A series of brief "nuts and bolts" presentations an introduction to work in the nies a chance to meet inter­ hard-working student with financial services industry. ested students at Notre Dame. good interpersonal and com­ trl· "Breakout Sessio.,s" The Wall· Street forum, fea­ "Our goal for the forum is to munication skills will attend. <'l'hiil Representatives frorfi each firm will discuss their turing presentations by exec­ help develop better relation­ According to Duke, "The utives from nine leading Wall ships between Notre Dame forum is not just for busi­ career opportunities and their firms\ culture Street firms, will take place in and the financial services ness students. These firms The Observer/Jon King the Jordan Auditorium at the industry," said Duke. "By cre­ are interested in students College of Business ating awareness about Wall from all disciplines, from Arts Wall Street Resume Book. will be divided into three Administration, tomorrow Street amongst our students, and Letters to engineering." Students who wish to be parts. The first, an overview from 10 a.m. to 3:30p.m. we hope to enable more stu­ In order to facilitate the included in the book may sub­ of the financial services The event is part of a large dents to launch careers in the recruiting of Notre Dame stu­ mit resumes today to 102 industry, will begin at 10:20 progra~n COBA has planned to business." dents by Wall Street firms, COBA. devr.lop connections between According to Duke, both organizers are compiling a The forum's presentations see STREET I page 4 • NEWS ANALVSlS These are your leaders ... Pros not worried by tudent body president Matt SGriffin and Wall Street's Monday vice president Erek Nass saw their campaign By DEREK BETCHER one, thinks that market irra­ promise of Associate News Editor tionalities began overseas enlivening student when Hong Kong, formerly a government ful­ Many campus investment regional pillar of stability, fell filled when sena­ tors came dressed experts agree that Monday's under speculative attack as cows, clowns, record 554-point drop in the before eventually triggering nuns, Gaelic war­ Dow Jones 'Industrial Average Wall Street's troubles. riors and men in should not worry serious stock "That's when I started to be drag to last night's m a r k e t concerned Student Senate investors. that emotion meeting. A sampling of was taking James Dean, AI Notre Dame 'The markets over," he Borlen from "Tool finance profes­ said. Time" and Ron Powlus were sors and finan­ are very And if among the cial officers Hong Kong's celebrities on unanimously volatile at the financial hand for yester­ agreed that the troubles had day's meeting. U.S. economy moment, but not emotional Candy-throwing remains funda­ nearly as volatile causes, then followed the cos­ mentally Monday's tume display. strong, an eval­ as the public Dow crash Senators manged uation which was just to focus on a for­ mal agenda filled indicates thinks. plain irra- with residence life Monday's John Affleck-Graves tiona!, in the issues. plunge was words of largely irra­ Finance department chair Malpass and tional. Sheehan. "There's less to the story, Economist John Mavnard perhaps, than meets the eye," Keynes' famous "animai spir­ finance professor Richard its" may have been responsible Senate 1;:¢1¢­ Sheehan said. for the week's volatility. bratesi <lisc;w;s- Professionals shared the Even the perceived level of es issues ;,;,. ·. opinion that emotion - rather volatility may be overstated, p.3 than fundamental economic however. Professors cautioned disorder - triggered Monday's that the public needs to keep drop. Associate vice president The Observer/Liz Lang for finance Scott Malpass, for see STOCK I page 4 Storin presents outlook on future of journalism By KRIST! KUTSCH "The media arc beginning a "The potential to do more is News Writer new cycle of practitioners who there," Storin said, but he said are tryi~g to take back the old many obstacles must still be The traditional values that agenda. overcome. define journalism must be pre­ Storin emphasized four "Given my professional chal­ serw~d and emphasized in order changes that must occur in lenges and adventures, I have for journalism to survive in the order for journalism to perse­ never been more troubled by 21st eentury, Matthew Storin, vere: a greater cooperation the business and what I am editor of the Boston Globe, between print journalism and doing," Storin admitted. declared in a lecture on television, a more aggressive He pointed to the cynicism, Wednesday. agenda for the owners of televi­ negativity and lack of confi­ As Notre Dame's journalist-in­ sion stations, a need for public dence which has invaded the rr.sidence this semester, Storin television and radio stations to press over the past decades. addressed a body of students step up local news efforts, and a "Watergate and television have and faculty in 129 DeBartolo re-structuring of journalism made journalists more power­ Hall. education to place a heavier ful," Storin said, adding that lie was optimistic about the emphasis on values instead of this power has evolved into a TheObserver/Lizlang future of journalism and said, technique. Boston Globe editor Matthew Starin lectured yesterday on the situ­ see STORIN I page 4 ation of modern journalism. -~------ --~~--l -- -------~----- ---- ------ - - ! I page 2 The Observer • INSIDE Thursday, October 30, 1997 I • !NSmE COLUMN • WORLD AT A GLANCE The Lost of Art World markets rise in response to Wall Street's rally LONDON Wall Street rally spreads The New York Stock Exchange Wall Street's rally spread euphori- Many stock a<ehangasaro,ndthawo"d ''''"'d losses from opened today with a quick rise of 50 of Storytelling c a II y t h r 0 u g h Asia n an d E u r 0 p e a n ~~~:~;;:'~~.:,:~~rlhis weak following the Dow Jones lnd"'tnat points by the Dow Jones industrials. stock exchanges today, reversing loss- , ""·~~~-~ The Dow slipped back, but soon rallied I was taking a seat at es from panic-selling earlier this week. " again after U.S. the desk just as I was Chris Teodoro But some traders fretted about the Federal Reserve Chairman Alan going over the Viewpoint Srafflllusrraror durability of the rebound. Greenspan said the recent market tur­ section. You know, Key stock barometers racked up big _,.,. , , , ,. , ,. , moil could actually prove beneficial to sometimes when I'm reading the Viewpoint gains - some in the double digits,"".,""'-~~:--:--:;:-, the U.S. economy. section, there are columns that I start to read such as Hong Kong's record rise of The Dow Jones industrial average, and really enjoy and wished that the column nearly 19 percent - as markets from which rose as much as 123 points as didn't end so soon. Then there are other Tokyo to London bounced back from Greenspan testified before Congress, columns that I start to read and just stop Tuesday's dealings that saw a 337- _,. ""'"'"""'"'""··· dosed 8.35 points up at 7,506.67. without finishing. point rebound in the Dow Jones indus- ·20 20"'""" 21 22 23 2~ 27 28 29 Prices had risen from the outset today These columnists that I like to read, such as trial average in New York. ::::;;-·'::..:ark;:~~~·o ... ...._ on the London Stock Exchange, Bernadette Pampuch and Juliana Vodicka, Analysts warned more huge price ;';;.;"'' :,• ::-.:.-·•• , Europe's biggest market, more than express tales of their own experiences. They swings were likely. ::.... :• :::~':' :_" : i--=->.,c;;>"'-....;:---r- erasing the remaining losses from show real life situations and what they have "lt's not over yet," said Bronwyn :!!.., .u.,. TSE3tl0 .,.&., ·10 Ntu,~,.~,AirT"Jl' Tuesday's tumultuous session. learned from them. They know how to tell a Curtis, chief economist at Nomura ::-.:;."",.., ~ =;..... ~ "og,.,!'" " " " " " Prankfurt's DAX index climbed story that is not only entertaining but also International in London. "There's 224.59 points, recovering most of the carries a message, even if it is a small one. room still for quite a lot of volatility." sau~ APttJ,NfCh " points it lost. As for the other columnists, well, what can I say ... urn, they kinda stink. Well, I'm not say­ ing that they aren't smart or intelligent (in Flowers subpoenaed in Jones case 'Star Wars' exhibit opens in D.C. fact, most of their work is very well written), DALLAS WASHINGTON but it's just that their columns are boring.

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