Bowling Green State University ScholarWorks@BGSU BG News (Student Newspaper) University Publications 10-4-1985 The BG News October 4, 1985 Bowling Green State University Follow this and additional works at: https://scholarworks.bgsu.edu/bg-news Recommended Citation Bowling Green State University, "The BG News October 4, 1985" (1985). BG News (Student Newspaper). 4430. https://scholarworks.bgsu.edu/bg-news/4430 This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License. This Article is brought to you for free and open access by the University Publications at ScholarWorks@BGSU. It has been accepted for inclusion in BG News (Student Newspaper) by an authorized administrator of ScholarWorks@BGSU. Pwtly cloudy. Hl0h 65 Vol. 68 Issue 24 THE BG NEWS Friday, October 4,1985 Leaders quit CIAO posts by Valeric Qptak school," she said. staff reporter She often neglected class work because of time commitments in Tlie University Activities Or- UAO, she said. "In a few in- ganization is undergoing some stances I found I hadn't learned activity of its own as the organi- something from my classes that zation faces turnover of its two I should have." she said. highest offices. Pearson held her resignation The president and vice presi- off until after Fall Fest, which dent that were elected last she coordinated. spring have decided to resign "(My resignation) was some- from their offices for personal thing I saw coming," she ad- reasons. mitted. President Lori Wolfinger has CLASSWORK AND job hunt- said she will officially resign ing are Pearson's priorities now next Wednesday, when the that she is out of office. She still board will elect a new president. frequents the UAO office and The office of vice president said she will continue to help was vacated on Sept. 18 when out, although she does not want Jacquie Pearson officially re- to be on a committee. signed. One week later Eric Pearson, who called herself Rosenberg, this year's enter- "the biggest supporter of UAO," tainment director, was voted said she was going to stay in- into the office. volved but still "play it by ear." Wolfinger, Pearson and Rosen- The new vice president, Eric berg allexpressed a belief that Rosenberg, admits that his time the turnover will not affect the restraints are just as challeng- organization negatively. ing as the past officer's. "I wouldn't leave if I didn't But I'm not a senior," said feel the organization was run- Rosenberg, who, with 19 hours of Thrill Of da feet BG News/Alex Horvath ning smoothly," Wolfinger said. classes, is involved in UAO. '•But we're losing a great USG, Student Court, WBGU and Showing their stuff In front of the student union, Shawn Crandall, sophomore undecided major, holds a piece of wood deal," Rosenbergsaid. at the same time carries two for Tim Greene, graduate student in economics, to break. They are both members of the Bowling Green chapter of the ALTHOUGH THE resigna- jobs. American Karate Association Self Defense Center, which is sponsoring a self-defense workshop Sunday, Oct. 6, at the tions of the two officers may not "(The difference is) I thrive Student Recreation Center for the United Way. be common, UAO Director Gail on pressure," he said. Swanka said they are coinciden- Rosenberg, one of two exec- tal. Wolfinger agreed that "al- utive officers slated for the pres- though the two resignations may idential election next be similar, they are unrelated/' Wednesday, said that despite Deficit plan awaits higher returns Wolfinger, senior interna- the present disorder of UAO, the tional business major, has been organization is giving the stu- by Don Lee $40 million to $45 million by the year 2000, about 11.5 percent, according to a chart involved with UAO for five dent body "one of the best pro- staff reporter said Richard Eakin, vice president for released Sept. 27 by the Federal Reserve years. Her experience has pre- grams they've seen in years." planning and budgeting. Bank of St. Louis. The chart showed an pared her for the business world Both Rosenberg and Swanka The University's debt-restructuring plan The money will remain in the residence interest rate of 10.2 percent for three-month more than her classes have, she said time commitment may be is on bold right now, due to low return rates hall accounts until the interest rates are bills in September 1984. said. an issue in the presidential elec- on U.S. Treasury bills in which the money favorable enough for the University to Interest rates for both bills have kept Pearson, senior journalism tion next week. Whether or not earmarked for the program is to be in- invest in Treasury bills, Eakin said. fairly steady since mid-June, when the major, attributes much of her an individual will have time for vested. IT'S CONCEIVABLE we could take a three-month bill hit a low of about 6.8 decision to resign to the new- the office is something that is The plan, approved by the state attorney lower (interest) rate now rather than wait- percent and the five-year security hit a low found importance of more time always asked, Swanka said. general in late August, involves transfer- ing," Eakin said. If the University waits of about 9.4 percent. for classes. Eligible for the office are the ring $17 million from residence hall debt- until the interest rates go back up, some of "It (the interest rate) came close to Involved in UAO since her 13 committee directors and the repayment funds into an escrow account, the money will have been used to pay off the bottoming out," said Richard Douglas Jr., freshman year, Pearson said two executive officers, Rosen- and Investing the money in U.S. Treasury residence hall bonds, he added. associate professor of economics. her summer internship in Texas berg and committee coordinator securities. Interest from the securities will Interest rates on three-month Treasury According to Douglas, the interest rate played a big part in changing Jennifer Boles. be used to pay off bonds sold to finance bills and five-year Treasury securities have could either remain stable or begin rising if her perspective on college and Both Boles and Rosenberg are building of the residence halls; any interest been declining since early March, when the it has bottomed out, although he said it was on UAO. slated for the election, but left over will go into an endowment fund. three-month bills yielded about 8.6 percent difficult to predict market activity based on "It made me realize what I Rosenberg does not foresee that The endowment fund is expected to reach interest and the five-year securities yielded government policy. had and hadn't learned in as a problem. Senate considers Cheap Trick, John Waite to appear by PattJ Skinner deficit reducer staff reporter WASHINGTON (AP) - The increase along with the deficit- Not since the Stray Cats' Republican-led Senate, trying to reduction plan, perhaps today. appearance in 1982 has there ease the politically unpleasant Speaker Thomas O'Neill Jr.. been a major concert on the chore of raising the national D-Mass., acknowledged that Bowling Green campus. The debt limit above $2 trillion, was concern over government red University Activities Organi- stampeding yesterday toward ink made it likely that a similar zation is presenting uieap an emergency plan plan would pass in the House. Trick and John Waite in con- if promises to erase budget "WE HAVE here a five-year cert at Anderson Arena on deficits by 1991. emergency program that sets Thursday. Oct. 24, as the President Reagan, cam- out the goal of balancing the kickoff of the Homecoming paigning for his tax overhaul budget, It imposes that con- events. proposals in Ohio, told reporters straint on the president and the UAO surveyed students the administration has been Congress, (and) it imposes a earlier this month on what studying a similar plan "so binding budget," said Sen. Phil performers they would most we're in agreement on that (the Gramm, R-Texas, a principal like to see, and John Waite goals of the plan) and we are author of the proposal that has was the students' first choice. going to be talking about that" been embraced by the Republi- She said the survey listed Asked if the president will can leaders in the Senate and names of groups and per- support the plan, Senate Major- House. formers in UAO's price range ity Leader Robert Dole, R-Kan., "I think it's obvious that we who would be available said, "That's the indication I have to increase the national around Homecoming Week- received" from Max Frieders- debt, but it's far less obvious end. dorf, the president's assistant that a majority of United States "It just so happened that for legislative affairs. Dole senators are (not) willing to do everything came together added that Reagan was ex- that without, as some say, call- neatly," said Gail Swanka, pected to make a formal ing in some of the credit cards," UAOdu-ector. statement on the plan today. said Sen. Pete Domenici, R- According to Swanka, just He added (hat he expected the N.M., chairman of the Senate as the questionnaire results Senate to pass the debt limit Budget Committee. showed John Waite to be the students' top choice, his man- ager confirmed that he would be touring in the area with Cheap Trick. Voter sign-up "THEY'RE BOTH moving up the charts fast, and we mink our timing is going to be great," Swanka said.