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2—The Daily Collegian Friday Oct. 4. 1985 business University fund nearly tripled By SCOTT A. ALDERFER Collegian Business Writer The University's $36.1 million Associated Trust Fund has nearly tripled in value since 1980, said David E. Branigan, special assistant to the University treasurer. Last week, The Daily Collegian reported an incorrect figure of 64 percent as the fund increase. The correct increase of an estimated 288 percent is due to investment gains and new contributions, with $17 million of the $23.6 million increase coming from gifts, he added. About $8 million of the $17 million was donated in the last year. "Investment returns are highly satisfactory," said Raymond D. Nargi, assistant University treasurer. "Equity (common stock) returns of 41 to 42 percent in the past year are among the highest of similar funds in the nation." For the year ending'June 30, equity returns for the Associated Trust were 4i:2 percent, he said. "Equity and fixed income (bonds) segments generally have outperformed respective market benchmarks over the past one-, three- and five-year periods," Nargi said. Nargi cited the Standard and Poor's 500 Index of investment returns for the three-year period ending June 30 as showing a 26.3 percent return, while the Associated Trust Fund received a 31.7 percent return. In the same period, while the Shearson Lehman American Express Intermediate Bond Index showed a 17.3 percent return, the Associated Trust Fund received an 18.3 percent return. The Associated Trust is funded by 500 to 600 separate endowments. It provides student scholarships and loans, as well as a Four Diamonds endowed chair at the University's Hershey Medical Center. Branigan pointed out that funds raised by the Interfraternity Council's annual dance marathon are handled separately from the endowed chair fund , contrary to a report in last Friday's Collegian. The Four Diamonds endowed chair will eventually sponsor a faculty member in the College of Medicine to teach pediatric oncology — the study and treatment of cancer in children — at the Hershey facility. "We wanted to at sometime attract an outstanding professor in pediatric oncology . .. who would be the key person in directing the oncological program diagnosis, care and research," said Herbert Kraybill, director of development at the medical center. "Pediatric oncologists are pretty hard to come by," he continued. "We don't have, at the present time, a fulltime professor in oncology." He said the medical center has on its sta ff two doctors of oncology whose salaries are supplemented by interest from the Associated Trust Fund. Kraybill pointed out that the principal of the Four Diamond investment is never touched — only the interest is used for research and to supplement oncological staff salaries. Market erratic, little changed By CHET CURRIER AP Business Writer NEW YORK — The stock market was little changed yesterday at the close of an erratic session. Stocks involved in takeover news and rumors provided most of the action as the market struggled to recover from Wednesday's selloff in health-care issues. The Dow Jones average of 30 industrials slipped .56 to 1,333.11. Volume on the New York Stock Exchange tailed off to 127.54 million shares from Wednesday's 2Vfe-month high of 147.33 million. Health-care stocks took a drubbing Wednesday as two hospital-management companies, Hospital Corp. of America and American Medical International, issued disappointing earnings statements. Some of them remained under pressure yesterday. Hospital Corp. dropped V* to 30M> and AMI ='8 to 16=/n. In yesterday's trading, takeover rumors and speculation prompted buying in Gould Inc.," up 4V4 at 34%, and Texas Oil & Gas, up 1% at 18M- . No Better Way To Show You Care Than With ROSES Only Cash & $ 5 66 Carry 145 S. Allen St 238-0566 at FTB Nationwide turnover in NYSE-hsted issues, including trades in those stocks on regional exchanges and in the over-the-counter market, totaled 150.01 million shares. Standard & Poor's index of 400 industrials rose .31 to 206.16, and S&P's 500-stock composite index was up .30 at 184.36. The NASDAQ composite index for the over-the-counter market gained .26 to 281.41. At the American Stock Exchange, the market value index closed at 224.00, up .01. (M CINM. r— ~~—i Italian IP J PIZZA & RESTAURANT •'•••••••••••••• •••••••••o«a«»»»aao ««a SPECIAL!! • This Week Only! $ 11.00 for 2 Large Cheese Pizzas Plus a FREE 6-pack of Pepsi ^^SZZ£>Z&* MONDAY: All You Can Eat Pizza J 2.59 WEDNESDAY: All You Can Eat Spaghetti *2.99 FREE DELIVERY AFTER 5:00 PM 222 W. Beaver (Under Beaver Plaza Apts.) 238-5513 Merchants skeptical of proposal By SUSAN HOUSEMAN Collegian Staff Writer The State College Municipal Council is considering a proposal that would require residential developers in the commercial district to provide 1.5 parking spaces per housing unit. But some Downtown Business Association members say they will not support the proposal if it interferes with retail development. Pat Daugherty, DBA president, said he spoke to 12 of the 60 DBA members he represents and they all agree that Allen Street and College Avenue should remain the core area of downtown retail sales. A public hearing will be held Oct. 14 at the State College Municipal Building to consider the parking plan. After speaking with the DBA's Parking and Traffic Committee, Daugherty said he learned the committee favored the proposed ordinance although it still believes downtown must remain a growing commercial district. "We'd like to maintain attractive buildings downtown and more parking in terms of convenience and numbers," Daugherty said. "In order to encourage customers we must let them know we know about the problem and we must be supportive of anything that adds a few additional spots." Chris Capozzi, president of the Organization for Town Independent Students, said he supports the borough's proposal to increase residential parking. Current ordinances require 1.5 parking spaces per unit for all residential developments outside , the commercial district, Capozzi said. He pointed out that University Gateway, a S6-unit apartment complex at 616 E. College Ave. provides 16 »9 parking spaces for its tenants. "My constituents live downtown, so I'm in favor of parking," Capozzi said. "Parking goes along with building residences. An apartment builder has an obligation to provide certain things for his clients: heat, hot water, sewage, electricity, plumbing and parking. It's a fact of our society that people come with cars," he said. Daugherty said a developer must think about his target renter before providing parking spaces. "If it's an apartment for students with 60 units then maybe they'll only need 12 (parking) spots," he said. "But if it's a 60 unit apartment for professionals and their families then they'll need at least 60 spots." In an' effort to give developers an incentive to "build up" the downtown commercial district, Capozzi said the borough council eliminated an ordinance about 10 years ago which required residential developers to provide.adequate parking space. The council has been looking at the downtown parking problem for more than a year now, said Planning Commission chairman Roger Downs, but it was not until September that the problem was officially addressed. Daugherty expressed doubts about requiring parking areas for every new residential development built in the downtown commercial district, but agreed parking is a problem. "There are three things I see wrong with requirements for parking," Daugherty said at the Planning Commission's Sept. 19 meeting. "The first (is) practicality of cost, the second (is) the appearance of units with parking areas, and third (is) the safety of adding entrances along Beaver and College Avenues." Daugherty, who argued that parking demands are created by people who work and shop downtown, said the borough should coordinate the development of lots and charge those who park there with no expense to the taxpayer. "The borough has a responsibility to see that the commercial district is a viable, vibrant area ," Daugherty said. "The town shouldn't become one dimensional in any way, either all stores or all parking." But Daugherty said even if apartments provided parking for residents, they would not be able to get it free. "College students may need more parking, but the cost of land is so high downtown that to think of being able to park for no cost is unreasonable," he said. "The cost will have to be included with the rent and if it's not included then it will be anywhere from $25 to $40 a month with the hope that when you come home your spot is vacant." Currently, A.W. & Sons charges an additional $20 a month for parking at its complexes: Beaver Hill, 340 E. Beaver Ave., Cedarbrook, 320 E. Beaver Ave., and Garner Court, 309 E. Beaver Ave. Capozzi said many downtown students are forced to park their cars on campus where space is limited. Also, parking on campus may be inconvenient and possibly dangerous for car owners who park near Beaver Stadium and walk to their cars at night, he said. Downs said a major parking study is being conducted by Cambridge Systematics, which will give the basic factual information needed, and it should be completed in a few weeks. "The new parking study will show where the primary parking areas are downtown and whether the problem is caused by employees, shoppers or college students," Daugherty said. AXE • AXE • AXZ • AXE • AXE • AXE »AXE • AXE • AXE • * The brothers and little sisters of Alpha Chi Sigma uuould like > < to welcome their newest pledges: : Jean Hofsr Greg Claire £ Michelle Chsrnsski Chris London • X Gabriel Winkler < Trocij j Dave flsgari * Madden Tim Crosbu • w X Debbie Golini Chip Pfohl £ Him Mangold Scott UUickert T Tim Repman >< x School of Communications STUDENT HEARING A hearing designed to obtain student input into the new School of Communications will be held at 7:30 p.m. Tuesday, Oct. 8, in Room 158 Willard. The school's Academic Program Committee is seeking student opinion on proposed course offerings, majors, etc., for the new school. All students in advertising, film, journalism, communications studies and telecommunications are urged to attend the hearing. 0103 . AXE • AXE • AXE • AXE • AXE • AXE »AXE • AXE • AXE • ••ve X OPENING S B f kd 9am-4 $10 - Shampoo , Cut, Blow Dry And One FREE .Tanning Session At &tn0 r astuut& Good thru 10/31/85 237-6609 Call for Appointment 159 S. Garner St •
LSAT, GMAT tricks debated By JOHN L. SPENCE Collegian Staff Writer Although a California author said reading his two books on law and graduate school aptitude test-taking tricks can result in higher scores, administrators of the exams refute the claim. David M. White said using the tricks in his books, The LSAT Exposed: Tricks fro m 12 Tests and The GMA T Exposed: Tricfes from 20 Tests, will help students get higher scores on the Law School and Graduate Management Aptitude Tests, sometimes without even reading the test questions. But William Broesamle, president of the Graduate Management Admission Council, said although he has not seen the GMAT book, White's arguments in the past have been mostly invalid. "Without having seen Mr. White's (new) book, my biggest concern ... is that those who buy the book will be misled," Broesamle said. White, a graduate of Boston College and Harvard Law School , said he originally got the idea for the books while researching test bias on the LSAT. After reading past LSAT and GMAT tests, White said he realized they contained what he termed "open secrets." By reading and interpreting these secrets, White said he was able to devise a system of tricks to answer test questions. Paul Richard, a spokesman for the Law School Admission Council, copyright owner of the LSAT, said although the council expects people to prepare for the test, the LSAT cannot be taken successfully using tricks. Nevertheless, White maintained some of his tricks are remarkably accurate. For example, he said, the "gerund trick" — marking the "A" answer when the first word of a question ends in "-ing" — is correct 72 percent of the time. On the LSAf, White said the questions in one section of the test can be answered by merely identifying key words. White said when the word "must" is in a question , the answer "A" is usually correct. Charles Maguire, administrative director of the University's Masters of Business Administration program, said many people like White claim certain tricks can help students take tests like the GMAT. But no tricks can make up for 16 years of education, he said. Maguire said the GMAT is a very well-researched test and has been validated many times. "The GMAT does exactly what it is supposed to do," he said. "It clearly predicts academic success within • a graduate business school." Jordan honored by former school University President Bryce Jordan has been named a distinguished alumnus by faculty members and trustees at the University of North Carolina at Chapel Hill, where he earned a doctorate in musicology in 1956. Jordan is being recognized for his contributions to higher education and is one of four UNC graduates receiving the award this year, according to a press release from Penn State's Office of Public Information. Before becoming Penn State president in 1983, Jordan was executive vice chancellor for academic affairs for the University of Texas System. He accepted that position 1* 1* H» Hi HI in 1981 after completing a 10-year term as president of the University of Texas at Dallas. Jordan began his career in higher education at the University of Texas System in 1968 as vice president for student affairs. He also served as interim president of the Austin campus from 1970-71. Jordan earned his bachelor's and master's degrees in music from UT-Austin in 1948 and 1949, respectively. In 1956, he received his doctorate in historica l musicology from UNC. —by Damon Chappie ±**±********±*******jHl A. MIDNITE MEXICAN MADNESS FEDHITS BtAVtH AVt ; *t 5*IPE" WAY < COLtEGf AVE EVERY FRIDAY AND SATURDAY ENJOY FROM 12AM TO 2AM MIDNITE MEXICAN MADNESS ! 2 choice Beef Taco's w/cheese crispy corn chips and a medium soft drink. $1 99 11 AM -1 AM M-Th 11 AM-2 AM F-SAT NOON ¦ MIDNITE SUN ********* * sii mm : * HAVE FUN! So All'Night Bowling AlAimimLms Reduced Rates fa i fry * ¥ * e ¥i c % ¥ ¥¦ ¥ PSU prof awaits alloys patent By ADAM BOONE Collegian Science Writer George Simkovich, a University metallurgy professor, has developed a group of new metal alloys that may spark an important change in the materials used to build jet engines, furnaces, steam boilers and other equipment operating at high temperatures, said a research scientist for Research Corp. Hans Eckhardt, a technical research scientist for Research Corp. of Tucson, Ariz. — a foundation that aids in researching and patenting inventions — said the new metal alloys invented by Simkovich are now being processed for a U.S. patent. Simkovich said he has developed a new method for creating metal alloys that will reduce the cost of producing some machines operating at high temperatures. These new alloys offer many advantages over traditional types of high-temperature metals, he said. Simkovich said many metals typically used in furnaces or engines will form natural protective coatings that often chip or crack when exposed to extreme temperature changes during engine cooling. In the past, metals were coated with a more temperature-resistant metal to prevent cracking. "A coating may be physically or chemically deposited upon the surface of the metal itself,"'Simkovich said. However, using the artificial-coating method causes several problems, he said. The metal coatings can be chipped w G or scarred, exposing the underlying metal they protect, he said. High temperatures can slowly evaporate the coating. The coating may also dissolve into the underlying metal. "Any coating you put on is just a coating; eventually it must deteriorate," Simkovich said. These initial problems may be overcome by alloying the base metal with a protective metal, Simkovich said. In this process, the base metal and a protective metal are mixed together into one special metal called an alloy, he said. Consequently, the new metal can form its own protective coating. "(Metals) that grow their own protection are self-healing," Simkovich said. "You come in and hit it with a hammer and knock off a (chip) and (the coating) will eventually grow again." Simkovich said traditional alloys often use chromium as the protective metal in amounts from 15 to 30 percent by weight in the alloy. Because chromium is scarce, the process can be very costly, Simkovich said. However, an alloy using inexpensive silicon causes the metal mixture to become brittle. Simkovich's invention uses a different type of alloy to provide protection for the metal without these problems, he said. Simkovich said his alloys use silicon nitride — a silicon, nitrogen compound — as the alloying material. He said the substance does not make the base metal brittle in the same way that adding pure silicon does. The Twenty rty-First CenturyOverture The Daily Collegian Friday, Oct. 4, 1985—3 ey Pi Phi s UJe 're Seeing Stars Love The Phi Also, Simkovich said, his alloys use less chromium than more traditional alloys and are less expensive. He added that because his alloys are self-healing, they do not wear out as quickly as more traditional protective materials. Simkovich said in laboratory tests, his silicon nitride alloys performed as well as or better than the alloys typically used in industry. Combining cheaper cost and selfhealing durability makes Simkovich's alloys research findings "very encouraging," he said. Simkovich's research and findings must be investigated further by Research Corp., an organization working with universities across the country. Research and inventions carried out by university professors are forwarded to Research Corp. for patent investigations, said Steve Bacon, a representative of the corporation. The foundation assigns its team of scientists to examine the invention and determine whether it is feasible and original enough for patenting with U.S. and foreign potent offices, he said. < If a patent is granted, the Research Corp. markets and licenses the invention to interested companies, Eckhardt said. Profits and royalties are divided between Research Corp., the university, the inventor, and the inventor's department, Simkovich said. Eckhardt said fewer than' 10 percent of the inventions sent to the corporation are endorsed by their scientists. He added that Simkovich's alloys have passed this important stage. FIBO - OZK - riBo - OZK - riBo - OZK - nBO - OSK - rreo - OZK - IIB
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U.S. hostage feared executed by captors

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