ND Investments Hurt in Market

IACCENT: The latest from Love and Rockets I ;:'~,::~~;y~~~~w.d- nesday. High 45 to 50. Mostly I VIEWPOINT: Will 1929 repeat itself? I ~~.:;;...?_rn:_~~-a~o-~ti_i~~-~~g_L~w_ery_3"r:_~~__::::=====-..~ VOL. XXI, NO. 40 WEDNESDAY, OCTOBER 28, 1987 the independent newspaper serving Notre Dame and Saint Mary's Leprechaun ND investments attacked by cadets hurt in market By CELESTE FREIND BY LIZ PANZICA the market," he said, adding Copy Editor that in the last year and a half News Staff the University increased in At the Air Force game Oct. The loss Notre Dame's en vestments in bonds and 17, Leprechaun Brian Stark dowment suffered because of decreased their investments in learned the occupational the drop in the stock market common stocks. hazards that come with the job last week was not as great as The University invests in be of mascot to the Fighting Irish. it might have been, according tween 75 and 50 percent of the A group of approximately to Father Richard Zang, in endowment in the stock mar twenty cadets pounced upon vestment officer of the Univer ket. the unsuspecting Leprechaun, sity. According to Zang, the Uni hoping to capture him and pass The University had versity had only about 50 per the mascot up through the Air decreased the percentage of cent in the market at the time Force stands. the endowment in the market of the drop last week. Zang said The Leprechaun, showing his in recent months, he said. in early 1980 the University was fighting spirit, refused to "We had a portion of the en at a high point with 75 percent cooperate and fended off the dowment in the market, and it of the endowment invested in cadets with the help of the male suffered along with the mar the stock market. Zang said cheerleaders and security ket," he said. that the market then became guards. The University stock had ex too full priced and risky for· Remarking on the un perienced major growth in the University investment provoked attack, Stark said, recent bull market, but the managers, and they gradually ''Actually I would love to be drop "wiped out about one reduced the stock allocation in passed up in our stadium, but years worth of growth out of late 1986. I'll be damned if opposing fans the five years," said Zang. The drop on the stock market are going to embarrass or Zang could not specify the ex has led to gains in other Uni debase either our team, our act dollar amount lost. versity investments, Zang mascot, or any symbol of Notre The University has suffered said. Dame." a paper loss because the mar Zang said that the University Stark claimed that it is a ket value of the stocks it holds increased investment in gov tradition at the Air Force has decreased. ernment bonds while reducing Academy to embarrass and ha However, Zang said, stock allocations. Because of rass the other team's mascot, "generally speaking our In the unstable stock market ''the and he refused to have Notre vestment managers feel they price of government bonds Dame look bad. want to retain our invest have been bid up," said Zang. In a similiar incident that af ments." Zang said the princi ternoon an Air Force cadet at ple of the stocks will fluctuate, The University Investment tempted to steal a flag from the but University holdings remain Committee will meet Nov. 12 Irish sidelines. While fighting the same. and decide what action, if any to retrieve the flag, the Leprec Despite the stocks loss of will be taken because of the haun was hit in the nose by a market value, the University loss. cadet and had to be treated by The ObservE>r I Trey Raymond "income remains the same off a trainer to stop the bleeding. Hoping for a chain reaction the dividends," said Zang. Zang said, "All economists The trouble, however, didn't "There is concern Cover the are reappraising the growth." end there. Visiting sculptor Jeff Sterrite works diligently on his latest project. The loss) but the endowment was But, Zang said, "most of the As Stark was being attended work of art he is creating can be viewed at the Moureau Gallery at Saint positioned in a defensive way invested funds are sturdy long to by the trainer, another cadet Mary's College. so we have not lost as much as term investments." blind-sided the Leprechaun, sending him into an aluminum bench. Soviets say Gorbachev is ready for summit "What ticks me off most about it," said Stark, "was not Associated Press and shorter-range missiles will Gorbachev surprised Secre ciple on limiting Star Wars, but that I got hurt; that's part of be signed," Foreign Ministry tary of State George Shultz in indicated it was not manda being a mascot, but rather the MOSCOW - Mikhail Gorbac spokesman Boris Pyadyshev Moscow last week by saying he tory. fact that I had a game to cheer hev is ready to visit Washing said at a regularly scheduled was not ready for another sum When asked whether the for, and that's serious business ton this year and sign an agree news briefing. mit. Shultz said Gorbachev had United States must make con to me. It's important to me to ment scrapping medium-range In Washington, a U.S. official asked whether he could expect cessions on its space-defense pay attention to the team and nuclear missiles without a link said Foreign Minister Eduard an agreement on the Star Wars plan before the next summit, the fans, and after a while the to restrictions in the "Star Shevardnadze would visit the space-based defenses. he said: "It is not a matter of attacks made that difficult to Wars" system, Soviet officials U.S. capital, by Soviet request, At the United Nations in New concessions. It's a matter of do." said Tuesday. at the end of the week to discuss York, Soviet Ambassador Al how to make the next Soviet "We have no doubt that an a third meeting between the So exander Belonogov said the American summit the most see ATTACK, page 3 agreement relating to viet leader and President Kremlin would like the summit productive, efficient and useful intermediate-range missiles Reagan. to reach an agreement in prin- for the whole of mankind." HPC hears plans for student-faculty interaction By KRISTIN COLLIGAN dent affairs, explained that the campus Notre Dame student" mal discussions, seminars, lec Another effort to "bridge the News Staff administration would like to through student-faculty inter tures or social events with fac gap between student and aca achieve the "goal of the better action. ulty members. "The College demic life" is being undertaken ment of student life" through Schwartz described a Hall would like to get the faculty and by the Alcohol Task Force. Professor Tom Schwartz and programs to develop residen Fellow's program which would students in touch with each Tyson said the task force is cur Father David Tyson an tial life. involve each dorm working other," Schwartz said. rently investigating the effect nounced plans to better in To help achieve this goal the with six or seven faculty mem of alcohol on the "wellness and tegrate the academic and res College of Arts and Letters has bers from any of the colleges Tyson urged participation in health of the Notre Dame com idential lives of Notre Dame appointed Schwartz to the of the University on a regular the Hall Fellow's program and munity." students at the Hall Presidents' newly-created position of Col basis. expressed the intentions of the Tyson emphasized that the Council meeting Tuesday lege Fellow. This position is de Activities would be up to the Office of Student Affairs to "ex Alcohol Task Force is not a night. signed "to enrich the dorms, but Schwartz suggested pand residentiality over the en Tyson, vice president of stu- undergraduate life of the on- that dorms could sponsor infor- tire campus." see HPC, page 3 Wednesday, October 28, 1987 page2 The Observer In Brief Appreciate the Mestrovic AIDS related proposals were passed by an Indiana masterpieces in our midst House-Senate committee, including educational programs and bills making donation of AIDS-tainted blood a felony I couldn't help but feel Ivan Mestrovic's ghost carrying a jail sentence of up to eight years. 134 of the hovering over Notre Dame when I first visited Kim 211 confirmed AIDS patients identified since 1982 have the campus some four years ago. died. Health officials have estimated from 10,000 to 25,000 I had listened to Mestrovic stories from as Vuratovac Hoosiers could be carrying the AIDS virus. Associated long as I could remember. The artist was born Press in my grandparents' Croatian homeland to par- Assistant Accent Editor ents who instilled within him a love of God and country that he translated into a lifetime of art, much of which he shared with Notre Dame. San Francisco police are questioning a cocaine addict Mestrovic is an artist whom Rodin called "the they believe may be a serial killer. He is suspected in 13 greatest phenomenon amongst sculptors." He similar slayings of elderly women and over two dozen is honored and respected all over the world for assaults in the San Francisco Bay area. The victims were his religious and nationalistic art. But there are beaten in their homes or gardens. Associated Press Notre Dame students living in the midst of the largest American Mestrovic collection who • don't even know who Mestrovic is.

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