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Board Raises Housing Costs THE BALL STATE MONDAY February 21, 2005 Vol. 84, Issue 103 DAILYMUNCIEDAILY WWW.BSUDAILYNEWS.COM NEWSNEWS INDIANA DNNEWS CAMPUS See what is going on across the nation. NEW YORK Secret Bush Board tapes revealed (AP) — Private conversations with George Bush secretly taped by an old friend before he was elected president foreshadow some of his raises political strategies and appear to reveal that he acknowledged using marijuana, The New York Times reported Saturday. The conversations were recorded housing by Doug Wead, a former aide to George W. Bush’s father, beginning in 1998, when Bush was weighing a presidential bid, until just before the Republican National Convention Planting in 2000, the Times said in a story costs posted on its Web site. for the Room, board fees will increase On one tape, Bush explains that he told one prominent evangelical that he would not ‘‘kick gays, 5.5 percent next academic year because I’m a sinner. How can I Shawna Tsoumas ■ Asst. News Editor differentiate sin?’’ Bush also criticizes then-Vice Ball State’s Board of Trustees increased room President Al Gore for admitting and board fees by 5.5 percent for the 2005-06 future academic year at Friday’s meeting. marijuana use and explains why he would not do the same. The increase from $6,228 to $6,570 for a stan- ‘‘I wouldn’t answer the marijuana Setting aside retirement dard double-occupancy room will help cover Housing by questions,’’ he said, according additional operating ex- to the Times. ‘‘You know why? money now can reap double penses for the residence the numbers Because I don’t want some little kid halls, Alan Hargrave, doing what I tried.’’ the benefits down the road director of housing and residence life, said. $6,228 The White House did not deny Cost of a standard the authenticity of the tapes. Dining services expects the overall operating double-occupancy costs to increase by 25 room this year. VANDERBILT UNIVERSITY Lisa Gerstner ■ Staff Reporter percent, Ann Talley, di- Police officer fired rector of residence halls ophomore Nick dining services, said. $6,570 over Kid Rock DeSutter be- The large increase is be- Cost of the same room autograph request gan investing cause of the rising cost next year. (U-WIRE) — A Vanderbilt for his retire- of petroleum, which is University Police Department officer S ment when he found in the dining ser- 25 was 16. He saved $10 vices take-out contain- Percent overall operat- was fired due to “the perception of each month, and the ers, and the rising cost ing costs are expected preferential treatment” when he business entrepreneur- of gasoline because all stopped Robert Ritchie, known as ship major said he now the products arrive to to increase. Kid Rock, early Wednesday morning, puts aside $100 or more the university by truck. said Pat Cunningham, captain of monthly. The new rates are simi- operations for VUPD, during a news An employee of the Vir- lar to other schools in the Mid-American Confer- conference Wednesday. ginia B. Ball Center for Creative Inquiry, DeSutter ence, Hargrave said. said he does not earn higher wages than the typical “We fit pretty much in the middle compared to The officer, Juan Monarez, a college student. He does, however, believe students other universities,” he said. Ball State’s 2005-06 13-year veteran, requested the rock should begin investing in their retirements now. rates are less than or equal to eight of the 14 uni- star’s autograph during the traffic “People need to start investing as soon as possible,” versities in the MAC and Indiana, according to a stop which resulted in a warning, he said, emphasizing that compounding interest press release. said Michael Schoenfeld, vice causes investments to grow steadily over extended chancellor of public affairs. periods of time. “It could be $5 a month. It really Please see HOUSING, page 2 doesn’t matter. What matters is that you get started When Monarez approached and you’re aware of what needs to be done.” the car, he smelled an odor of Retirement investments have become an issue of alcohol, Cunningham said. Monarez national concern since President George W. Bush INDIANAPOLIS questioned Kid Rock, who said that proposed the privatization of some Social Security he had not been drinking and that tax money. Addressing concerns that Social Secu- the odor in the car was coming from rity funds could be depleted in the next 40 years, the two other occupants. Bush’s plan would allow workers to save a portion of their Social Security tax payments in private ac- State house Cunningham said that Monarez counts. considered the explanation Because of the declining U.S. dollar, combined with sufficient and failed to administer the baby-boomer generation’s entry into retirement, a sobriety test. living solely on Social Security will be difficult for When word of the autograph future retirees, Gary Santoni, an emeritus professor proposes surfaced, Monarez admitted his of economics, said. College-age people today will actions, Cunningham said. likely have to make their own efforts to save to live comfortably during their retirement, he said. “We are very disappointed in the “You have to be willing to bite that bullet and just events that occurred,” said Al Guyet, tuition lock chief of VUPD. “We apologize to the Please see SAVINGS, page 2 Cap could cause rates to rise community for the perception of Taking risks nonenforcement of a DUI.” Invest in riskier areas such as stocks now because there 10 percent, representative says According to a Thursday article is time to recover if funds are lost. Later in life, put money in The Tennessean, Kid Rock toward safer investments such as bonds and annuities. DN PHOTO ILLUSTRATION/ AMANDA Deanna Wrenn ■ Associated Press was wanted by Metro Police GOEHLERT AND WILL VRAGOVIC after assaulting a DJ at Christie’s INDIANAPOLIS — A proposal in the General Cabaret. He was arrested at 7 a.m. Assembly would give students the option to lock Wednesday in a How to save $1 million by the age of 65 in tuition rates at state-run universities. friend’s apartment The average Ball State student can retire as a millionaire, but the trick is to start saving early. Below is a graphic showing how much However, the fixed tuition rate might rise to as students would need to save in a basic savings account* either daily, monthly or yearly to reach $1 million by the time they retire. high as 10 percent per year for four years, said and later released Rep. Tiny Adams, D-Muncie, who voted against on $3,000 bail. Saving Daily: Saving Monthly: Saving Yearly: the budget bill. Metro Police Starting at... Starting at... Starting at... “I don’t think the Senate will allow that to hap- noted Kid Rock’s ... Age 25 $12.75 a day ... Age 25 $392 a month ... Age 25 $4,853 a year pen if it gets out of the House,” Adams said. cooperation ... Age 35 $27.26 a day ... Age 35 $836 a month ... Age 35 $10,355 a year He said Democrats will vote against the pro- during the ... Age 45 $63.48 a day ... Age 45 $1,943 a month ... Age 45 $24,068 a year posal because they feel higher education should not be capped at a certain percent, particularly arrest. $0 20 40 60 80 $0 500 1,000 1,500 2,000 $0 10,000 20,000 because the cost of living and education will not stay the same over a four-year period. Helpful Web sites: Roth IRA $400,000 $500 a year Adams said he does not plan on talking to Ball www.rothira.com A Roth IRA retirement account can be State University officials about the proposed 300,000 $1,000 a year A comprehensive site set up through most banks and mutual $2,000 a year budget bill. $194,561 dealing with Roth IRAs. fund companies. The advantage of $389,123 using a Roth IRA account is that your 200,000 Provost Beverley Pitts declined to comment on www.asec.org investment earnings are completely 100,000 $97,280 the bill because she said she didn’t know enough The American Savings tax-free. To the right is a graph showing about it. President Jo Ann Gora could not be Education Council the progress of Roth IRA accounts over 0 reached for comment Sunday. DNNOTES the span of 40 years. 10 years 20 years 30 years 40 years Please see TUITION, page 2 WEATHER SOURCE: www.tcalc.com *Interest calculated at 6.9 percent. CHAD YODER /DN GRAPHIC High: 41 Low: 30 Cloudy MEN’S BASKETBALL REMINDER Residence halls close at 8 a.m. on Ball State retires Wells’ No. 42 March 5 Wells, who finished his career At halftime several members of for Spring Break. BSU’s career leading in 1998 as Ball State’s and the his family, along with Athletics Mid-American Conference’s all- Director Bubba Cunningham PARTNERSHIP scorer honored at time leading scorer, formally and President Jo Ann Gora, See tomorrow’s saw his number formally retired awaited him at center court. headlines today Saturday night’s game Saturday during halftime of the Both him and his son, dressed on NewsLink Cardinals’ game against Drexel. at Nine. Justin Hesser and Mike Genet A member of the NBA’s Mem- Please see JERSEY, page 2 ■ Daily News Staff phis Grizzles, Wells was away DN PHOTO/YICHIEN LI CONTACT US from the team for a while be- BONZI WELLS waves to cheering fans News desk: 285-8255 The smiling faces of Bonzi Wells cause of the All-Star break.
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