The Daily Helmsman

8
Vol. 78 No. 110 Independent Student Newspaper of The University of Memphis www.dailyhelmsman.com Friday, April 15, 2011 DAILY H ELMSMAN The Kings guard, former Tiger and NBA Rook- ie of the Year chats with The Helmsman see page 7 Tyreke Talks Tiger Sports Student loan debt approaches $1 trillion After exceeding credit card debt for the first time in U.S. history last year, student loan debt is now approaching $1 trillion. According to Mark Kantrowitz, publisher of Finaid.org, student loan debt will likely reach the tril- lions by or before the beginning of next year. Kantrowitz’s student loan debt clock on the site currently boasts a total of more than $903 billion and increases at more than $2,853 per second. “The volume of new student loans that come out each year is about $100 billion,” Kantrowitz said. “The amount of debt keeps growing each year with some (peo- ple) repaying loans. It’s like two steps forward and one step back.” Kantrowitz said it can take 10 to 20 years to pay off a student loan. “People are still going to be pay- ing back on student loans when their own children are in college,” he said. Karen Smith, associate direc- tor of student financial aid at The University of Memphis, said there simply isn’t enough federal finan- cial aid to offset the cost of an education. She said the average amount of debt for U of M alumni with an undergraduate degree is $22,027, with a graduate degree is $45,937 and with a law degree is $67,074. She added that the average debt for a U of M student varies by clas- sification and transfer student debt is not included in calculations. In the past, if a student said they were interested in federal loans on the FAFSA, they were automati- cally given to them, according to Smith. For the 2011-‘12 school year, Smith said students will be offered the amount for which they are eli- gible and have the option to accept or decline federal loans. Smith said there are potential problems with the new system. “For example, if you’re a con- tinuing student, you’re counting on a loan every year. During the summer you think everything is fine, but you need to go out and accept your loan,” she said. “Come August, you may not have accepted your loan yet, but you’re expecting that to cover whatever you have.” She said email alerts and auto- mated phone calls will go out in May to students as reminders. Kristen Alexander, junior nurs- ing major, said thanks to gener- ous scholarships and help from her parents, she has not had to take out any student loans. She said though the potential trillion dollar debt is scary, it shows that people are going to school. “As long as people are taking it out just for school, then it’s good,” she said. Micheal Hicks, junior sport management major said he agrees and is currently $90,000 in debt. A transfer student from Ohio, Hicks said the college experience he’s had in Memphis is worth the debt. “It doesn’t scare me because I knew what I was getting into when I took them out,” he said. BY ERICA HORTON News Reporter Andrew McCalla, manager of Shangri-La Records in Midtown Memphis, organizes LPs from the store’s renowned rare record collection for this weekend’s upcoming sale. Shangri-La is among several local music vendors participating in National Record Store Day this Saturday. MCT by Casey Hilder Vinyl junkies in Memphis can get their fix Saturday as local record shop Spin Street Music, Shangri-La Records and Goner Records celebrate the third annual Record Store Day by throwing parties, staging shows and selling lim- ited edition records. What started out in 2007 as an idea to unify independent record stores has turned into a national event, with more than 700 record stores nationwide participating. Goner records employee Madison Farmer insisted Record Day is much more than just a sales pitch. “People find joy in buying records for all sorts of reasons, but Record Store Day has definitely helped make buying a record a much more engaging experi- ence,” Farmer said. Things like free beer, loud music and hefty discounts also help make the experience more engaging, all of which can be found at both Goner and Shangri-La this Saturday. Junior history major JB Horrell, who will be perform- ing at Goner Saturday afternoon with local blues act The Manatees, said that events like Record Store Day show how there is more to independent record stores than just the vinyl they sell. “I think anyone who comes and checks it out will see that the people involved do more than just buy and sell records,” Horrell said. “There has always been a unique culture that sur- rounds buying records and I think more people would like to become a part of that.” Because Record Store Day was start- ed with independent record stores in mind, there are requirements for eli- gibility. According to the Record Store Day website, a participating store is defined as “a retailer whose main pri- mary business focuses on a physical store location, whose product line con- sists of at least 50 percent music retail, whose company is not publicly traded and whose ownership is at least 70 per- cent located in the state of operation.” The website sums that up by saying: “In other words, we’re dealing with real, live, physical indie record stores — not online retailers or corporate behemoths.” Viva la vinyl BY CHRIS SHAW News Reporter see VINYL, page 3 Local bands will rock out on The University of Memphis campus tonight, all in the name of fresh vegetables. The event, organized by students in an honors section of Intro to Urban Planning, will benefit the MidSouth Farmers Market, located in South Memphis, and will take place in the Michael D. Rose Theatre from 5 to 8 p.m. The public concert is free and donations for the farmers market and GroMemphis, a non-profit organization that partners with churches and other locations to make small food gardens, will be collected throughout the night. ”We’re in charge of marketing for the farmers mar- ket,” said Holly Cosby, junior environmental studies and nutrition major. “We needed to do some fundrais- ers, so we decided to do this concert to spread the word about the farmers market.” The students initially considered charging admis- sion for the concert, but decided not to “because we didn’t want to restrict anyone from coming,” Cosby Fresh jam U of M students hold concert to benefit local Farmers Market BY KYLE LACROIX News Reporter see MARKET JAM, page 5

description

The independent student newspaper at The University of Memphis.

Transcript of The Daily Helmsman

Page 1: The Daily Helmsman

Vol. 78 No. 110

Independent Student Newspaper of The University of Memphis www.dailyhelmsman.com

Friday, April 15, 2011Daily

HelmsmanThe Kings guard,

former Tiger and NBA Rook-ie of the Year chats with The Helmsman

see page 7

Tyreke Talks Tiger Sports

Student loan debt approaches $1 trillionAfter exceeding credit card debt

for the first time in U.S. history last year, student loan debt is now approaching $1 trillion.

According to Mark Kantrowitz, publisher of Finaid.org, student loan debt will likely reach the tril-lions by or before the beginning of next year.

Kantrowitz’s student loan debt clock on the site currently boasts a total of more than $903 billion and increases at more than $2,853 per second.

“The volume of new student

loans that come out each year is about $100 billion,” Kantrowitz said. “The amount of debt keeps growing each year with some (peo-ple) repaying loans. It’s like two steps forward and one step back.”

Kantrowitz said it can take 10 to 20 years to pay off a student loan.

“People are still going to be pay-ing back on student loans when their own children are in college,” he said.

Karen Smith, associate direc-tor of student financial aid at The University of Memphis, said there simply isn’t enough federal finan-cial aid to offset the cost of an education. She said the average

amount of debt for U of M alumni with an undergraduate degree is $22,027, with a graduate degree is $45,937 and with a law degree is $67,074.

She added that the average debt for a U of M student varies by clas-sification and transfer student debt is not included in calculations.

In the past, if a student said they were interested in federal loans on the FAFSA, they were automati-cally given to them, according to Smith. For the 2011-‘12 school year, Smith said students will be offered the amount for which they are eli-gible and have the option to accept or decline federal loans.

Smith said there are potential problems with the new system.

“For example, if you’re a con-tinuing student, you’re counting on a loan every year. During the summer you think everything is fine, but you need to go out and accept your loan,” she said. “Come August, you may not have accepted your loan yet, but you’re expecting that to cover whatever you have.”

She said email alerts and auto-mated phone calls will go out in May to students as reminders.

Kristen Alexander, junior nurs-ing major, said thanks to gener-ous scholarships and help from her

parents, she has not had to take out any student loans.

She said though the potential trillion dollar debt is scary, it shows that people are going to school.

“As long as people are taking it out just for school, then it’s good,” she said.

Micheal Hicks, junior sport management major said he agrees and is currently $90,000 in debt.

A transfer student from Ohio, Hicks said the college experience he’s had in Memphis is worth the debt.

“It doesn’t scare me because I knew what I was getting into when I took them out,” he said.

BY Erica HortonNews Reporter

Andrew McCalla, manager of Shangri-La Records in Midtown Memphis, organizes LPs from the store’s renowned rare record collection for this weekend’s upcoming sale. Shangri-La is among several local music vendors participating in National Record Store Day this Saturday.

MC

T

by C

asey

Hild

er

Vinyl junkies in Memphis can get their fix Saturday as local record shop Spin Street Music, Shangri-La Records and Goner Records celebrate the third annual Record Store Day by throwing parties, staging shows and selling lim-ited edition records.

What started out in 2007 as an idea to unify independent record stores has turned into a national event, with more than 700 record stores nationwide participating. Goner records employee Madison Farmer insisted Record Day is much more than just a sales pitch.

“People find joy in buying records for all sorts of reasons, but Record Store Day has definitely helped make buying

a record a much more engaging experi-ence,” Farmer said.

Things like free beer, loud music and hefty discounts also help make the experience more engaging, all of which can be found at both Goner and Shangri-La this Saturday. Junior history major JB Horrell, who will be perform-ing at Goner Saturday afternoon with local blues act The Manatees, said that events like Record Store Day show how there is more to independent record stores than just the vinyl they sell.

“I think anyone who comes and checks it out will see that the people involved do more than just buy and sell records,” Horrell said. “There has always been a unique culture that sur-rounds buying records and I think more people would like to become a part of

that.”Because Record Store Day was start-

ed with independent record stores in mind, there are requirements for eli-gibility. According to the Record Store Day website, a participating store is defined as “a retailer whose main pri-mary business focuses on a physical store location, whose product line con-sists of at least 50 percent music retail, whose company is not publicly traded and whose ownership is at least 70 per-cent located in the state of operation.” The website sums that up by saying:

“In other words, we’re dealing with real, live, physical indie record stores — not online retailers or corporate behemoths.”

Viva la vinylBY cHriS SHawNews Reporter

see Vinyl, page 3

Local bands will rock out on The University of Memphis campus tonight, all in the name of fresh vegetables.

The event, organized by students in an honors section of Intro to Urban Planning, will benefit the MidSouth Farmers Market, located in South Memphis, and will take place in the Michael D. Rose Theatre from 5 to 8 p.m. The public concert is free and donations for the farmers market and GroMemphis, a non-profit organization that partners with churches and other locations to make small food gardens, will be collected throughout the night.

”We’re in charge of marketing for the farmers mar-ket,” said Holly Cosby, junior environmental studies and nutrition major. “We needed to do some fundrais-ers, so we decided to do this concert to spread the word about the farmers market.”

The students initially considered charging admis-sion for the concert, but decided not to “because we didn’t want to restrict anyone from coming,” Cosby

Fresh jamU of M students hold concert to benefit local Farmers MarketBY KYlE lacroixNews Reporter

see Market JaM, page 5

Page 2: The Daily Helmsman

www.dailyhelmsman.com2 • Friday, April 15, 2011

Across1 Fantasy author and forensic pathologist?9 Jah worshipers15 Reason for a pass16 Strike caller17 German shepherd18 Some special forces headgear19 It merged with Kmart in 200520 Hairy21 High sch. VIPs22 Behaviorist and teen confidant?27 At first blush30 Teen follower?31 Infer32 Indeed33 Huckster and school supporter?38 Toon dynamo, familiarly41 Inspiration for the Frisbee45 Lieu48 Time, for one49 British novelist and medic?51 CD-__52 Droid in every “Star Wars” film53 Sweet cake that’s an Easter tradi-tion in Eastern Europe55 Spots57 University of Cincinnati team60 Gangster’s gun, in old-timey slang61 Permits62 Most people63 Children’s author and roadside helper?

Down1 Thing that endures2 Port of SW Italy3 “That’s just wrong”4 “That way madness lies” speaker5 Tolkien’s Skinbark and Leaflock, e.g.6 China’s Northern __ Dynasty, 386-534 AD7 First of the Maj. Prophets8 Three-part fig.9 Creator of a popular six-color

puzzle10 First name in aviation11 Paid (for)12 Maura of “ER”13 Lost __14 Paris possessive20 Adler’s subj.22 Theda of silents23 Bungle24 Run-down theater25 Before, in verse26 Where Mandela was pres.28 Dosage abbr.29 Babbling Addams character34 Coleridge work35 __-do-well36 Network that merged with The WB37 David Beckham’s org.

38 Half a fly39 Withdrawal aid, briefly40 Fraternity founded at New York University in 184742 Hoops embarrassment43 Caught one’s breath44 As one46 Lesotho’s home47 Spoil rotten48 Brit. military award50 Lover’s gift53 Boater’s edge54 When Tony sings “Maria”55 Time often named56 Under-the-sink brand57 Arthur of “All in the Family”58 Spain’s Queen Victoria Eugenia, familiarly59 __ snail’s pace

DOMINO’S PIZZA 550 S. HIGHLAND 323-3030No Waiting!

Managing EditorMike Mueller

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Amy Barnette

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General ManagerCandy Justice

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The University of Memphis The Daily Helmsman

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Volume 78 Number 110

YoU rEallY liKE US!Yesterday’s Top-Read Stories

on the Web1. Shooting south of UM campus kills 3

by Chelsea Boozer

2. Simpson commits to play for Tigersby John Martin

3. Acting up: Death of a Salesmanby Chris Daniels

4. Student hits officer with carby Erica Horton

5. Warrior on reserveby Michelle Corbet

Solutions on page 8

complete the grid so that each row, column and 3-by-3 box (in bold borders) contains every digit 1 to 9.

Sudoku

TIGER BABBLEthoughts that give you paws

“The new grill by Tiger Den doesn’t take cash? That just hurt my stack of Washingtons tightly fisted for food ad-ventures. ”

— @fourteenhearts

“So I get my debit card to go BACK to the grill ... gone for 10 minutes ... they are CLOSED? Yep, you’ve officially lost a customer. ”

— @fourteenhearts

“I like how the front page marijuana story is followed up by NORML’s benefit concert ad. #equality”

— @memphismyluv

“Shoutout to The Daily Helmsman for doing a story on us, which helped us get more publicity for the show. Raised over $1,600 (for Ronald McDonald House)!”

— @_raebaby

“Students are to coffee as frat guys are to Cole Haans.”— @jacobmerryman

“I wonder if Busta Rhymes uses any spaces when he texts.”— @CrCox10

“It’s Terrific Tuesday — you make it look like a terrible one. Screw you, Helmsman! Shootings and an incomplete story on a great guy. ... A little positivity would up your ratings ... and morale on campus. #JustSaying”

— @kg_is_me

“@kg_is_me A little positivity would ‘up’ our ‘ratings?’ Are we a television show now?”

— @DailyHelmsman

“Nope — just jerks. Debbie Downers, if you will. And controversy starters. You are awarded no points. You lose. G’day.”

— @kg_is_me

Tell us what you think we’re doing wrong (or right). We promise we’ll try not to schedule any more homicides

too close before a Tuesday for a while.

Send us your thoughts on Twitter @dailyhelmsman or #tigerbabble. Or post on our Facebook wall at facebook.com/dailyhelmsman.

Page 3: The Daily Helmsman

The University of Memphis Friday, April 15, 2011 • 3

TONIGHTFriday Film Series

7 p.m.UC Theatre

Coming UpMonday, 4/18

Magic Milk Sand Art10 a.m. - 2 p.m.UC Alumni Mall

$1 0 A d m i s s i o n

T h e H i Tone • 1 913 P o p l a r

N O R M A L

A p r i l 20 @ 6 p.m.

B e n e f i t C o n c e r t

J e ss i c a L e e M ay f i e l d • W a m p a • M 3 • L ig htajo • Nataniel Ratel i

f f

•T h e C h i n e s e C o n n e c t i o n D u b E m b a ssy

Come Ride The Greenline With Us!U of M Cycling Club

Sharing good times in cycling, commuting, mountain biking, road biking and cyclocross

Group Bike RideWednesday, April 20

3 p.m.Meet at the Student Plaza Fountain

by the Administration Bldg.

Don’t forget your helmet!Questions? Contact Doug Campbell

at: [email protected]

In order to combat rising gas prices, The University of Memphis Adult and Commuter Student Services wants to assist students in cutting their fuel costs.

ACSS has implemented a car-pool channel on MyMemphis, which allows students to match schedules with other students who live near them and split gas costs.

“If you drive, you have to get gas and I know the students are feeling the pinch,” said Heather Hampton, office coordinator for ACSS.

Hampton also said that the

MATA bus system, Memphis’ public transportation system, may help students. ACSS offers bus schedules on campus and also has a link to the MATA website on the ACSS website.

Hampton also said she sug-gests students do as she does and track their gas mileage.

“If you are spending fifty dol-lars a week in gas getting to school, riding the bus, even though rates have been raised, can still save you some money,” Hampton said.

Many students, however, are apprehensive about carpooling or riding the bus, no matter the cost of gas.

Kiara Jones, junior marketing major, said that even though she

has to pay $46.50 a week to fill up her Honda, she would not give up driving to ride the bus.

“I would either still drive or just not go at all,” Jones said.

She added said that she might consider carpooling to campus, but has reservations.

“I would have to do research on a person and know more than their name before I get in the car.”

Krystal McGowen, junior edu-cation major, said carpooling is “a safety risk” and would probably be “awkward.”

McGowen also said that she will not even consider riding the bus.

“I rode (the bus) in high school and it was just too much going

on. The men made me feel very uncomfortable, so I would much

rather save my money to maintain my car and keep it running.”

Campus Activism

UM carpool plan can help students saveBY tiMBErlY MoorENews Reporter

MC

T

Shangri-La Manager Andrew McCalla said that because corpo-rate stores aren’t on Record Store Day, all sorts of music lovers will come into his store.

“People we’ve never seen will come in and (say) they’ve got to

have this U2 record or something,” McCalla Said. “The distributors only send this stuff to indie record stores, so people that like commer-cial stuff have to come here to get it. They’ve never set foot in here, but they have to get their U2 on somehow.”

McCalla said because the event has gotten so big, stores no longer have a say in what Record Store

Day edition records they will get.“This is an event that’s getting

bigger every year,” McCalla said.“We tell the distributors what

we want in the store, but it’s all on a first come, first-served basis. People get mad when we don’t have what they want, especially when they’ve camped outside the store for it, but that’s all part of col-lecting records.”

Vinylfrom page 1

Page 4: The Daily Helmsman

www.dailyhelmsman.com4 • Friday, April 15, 2011

Phi Alpha Theta, the History Honor Societypresents

“I am a Problem: Albert Memmi and the World of a French Tunisian Jew”

A lecture by

Michael LejmanDoctoral Candidate - History

TODAY @ 12:45 p.m.Mitchell Hall, Room 200

Pizza and Drinksprovided with generous support from Student Event Allocation

Traders for Morgan Stanley gnashed their teeth for weeks in early 2008, watching helplessly as their $1.2 billion investment in an exotic offshore deal, which was marketed by Wall Street rival Goldman Sachs, began to shrivel.

With the housing market deteriorating rapidly, Morgan Stanley traders wanted to sell off hundreds of millions of dol-lars in securities positions that had been downgraded by cred-it ratings agencies and recover what money they could. But as the deal’s liquidation manager, Goldman Sachs held sole con-trol over the disposal of any of the securities contracts, and Goldman Sachs was resisting.

On Feb. 6, 2008, Morgan Stanley trader John Pearce wrote a colleague that he got so exasperated with a Goldman representative that “I broke my phone.” A day later, he wrote to a Goldman Sachs counter-part: “One day I hope I get the real reason why you are doing this to me.”

It turns out, Senate investi-gators revealed this week, that Goldman Sachs had plenty of reasons to delay a selloff. The investment banking giant had secretly wagered on the default of the securities around which the $2 billion deal was struc-tured. The farther their value dropped, the bigger Goldman Sachs’ profits.

Ultimately, a Morgan Stanley lawyer lodged a for-mal protest, charging that Goldman Sachs had breached its contractual duty to sell off downgraded securities, and that the delays had already cost Morgan Stanley $150 million.

Known as Hudson-Mezzanine-2006-1, the deal totally collapsed in November 2008, barely more than two years after its creation. Goldman Sachs reaped $1.35 billion. Morgan Stanley lost $930 million.

The story of the deal, which drew outrage from Democratic Sen. Carl Levin of Michigan at a news conference Wednesday, is unveiled among hundreds of newly disclosed docu-ments released by his Senate Permanent Investigations Committee, culminating a two-year inquiry into the financial crisis.

It provides another close-up glimpse of how Goldman Sachs deftly scaled back its risks as the housing market crested in late 2006 and then, at the expense of its inves-tor clients, earned billions of dollars from a full-scale blitz of secret bets that the value of home mortgage securi-ties would crash. Goldman Sachs was the only major Wall Street firm to escape relatively unscathed from the nation’s economic meltdown.

The subcommittee reported that Goldman Sachs packaged at least four offshore deals with total value of $4.5 billion that were rife with conflicts of interest, including one for which the firm paid $550 mil-lion in fines to Securities and Exchange Commission last summer to settle a civil fraud suit.

Levin charged that Goldman Sachs deceived investors on the Hudson deal by failing to disclose that it was betting the other way. And, he alleged, the company misled the sub-committee during a marathon hearing last year in which he repeatedly pressed Chief Executive Lloyd Blankfein and a half-dozen other current and former Goldman Sachs execs to acknowledge the firm bet massively on a housing down-turn in 2006 and 2007.

A spokesman for Goldman Sachs, which says its execu-tives testified truthfully, declined to comment on the Hudson deal.

Internal Goldman Sachs documents show that the firm’s mortgage department came up with the idea for the Hudson deal to offset $1.2 billion in positive bets on dicey mort-gage securities on a London-based exchange, known as the ABX Index. By late 2006, it grew hard to find buyers willing to pay good prices to bet that baskets of subprime loans to marginal homebuyers would perform well.

To “transfer the risks” of its ABX holdings to investors, Goldman Sachs traders and structured products specialists came up with the idea on Sept. 19, 2006, of creating a series of new bets, known as credit-default swaps, on 80 of the mortgage securities listed on the ABX, most barely invest-

ment grade or below. They even offered investors a dis-count to cover the $1.2 billion in risks. The firm also added $800 million in bets on other subprime securities.

Top-level executives, including Blankfein and Chief Operating Officer Gary Cohn, were apprised on Oct. 26, 2006, that the deal would reduce the mortgage department’s hous-ing risks, an internal document said.

The pressure was intense enough that marketing of another deal was bumped in favor of Hudson, and Goldman Sachs traders sent congratu-latory messages when they’d peddled most of the deal to investors over the next month.

In their marketing book-let, the Goldman Sachs trad-ers stated that the securities selected for the deal were “sourced from the street” and that Hudson “is not a balance sheet” deal. In Wall Street par-lance, that meant that the secu-rities were purchased from Wall Street dealers and that Goldman Sachs wasn’t taking the “short” position, or wager-ing that the securities would default.

Neither was true, the inves-tigators said, and Goldman Sachs was making “a propri-etary investment ... in a direct, adverse position to the inves-tors” — a position it declined to divulge even when a rep-resentative of another inves-tor, National Australia Bank, directly asked.

Goldman Sachs also stressed to investors that it was invest-ing in an equity piece, or one of the riskiest slices of the deal.

The committee found that Goldman Sachs invested $6 million in the equity slice. Meanwhile, Levin said, it bet “more than 300 times more” —

$2 billion — against the deal.Sylvain Raynes, an expert

in structured products, said the Hudson deal was “full of conflicts of interest,” including Goldman’s dual role as liqui-dation agent.

“This deal should never have gone to market, due to the lack of transparency and the fact that Goldman was holding both ends of the deal,” he said.

However, Goldman Sachs could mitigate liability due to standard language in the contract documents informing investors that it may initially take the short position and that it may have conflicts of

interest.For its role as liquidation

agent, the subcommittee said, Goldman Sachs collected an additional $3.1 million in fees.

Finance

while goldman Sachs raked in profits, clients squirmedBY grEg gorDonMcClatchy Newspapers

If you were a super-hero, how would you exact vengeance on Wall Street execs?

@DailyHelmsman#tigerbabble

MC

T

Page 5: The Daily Helmsman

The University of Memphis Friday, April 15, 2011 • 5

said. “We just wanted people to come and learn about (the farmers market).”

Paige Lewis, sophomore human services major, came up with the idea to put on a ben-

efit concert for the market after attending a planning meeting for it.

“One of the things they were talking about was implementing crafts and activities for kids, which costs money,” said Lewis. “I want-ed to help out and thought, ‘Let’s throw a concert. It would be fun and could raise money.’”

The MidSouth Farmers Market is located at the corner of Mississippi Boulevard and South Parkway and is the only place for many in the area to purchase fresh food.

“There’s no full-service grocery store within miles of certain areas of South Memphis,” said Lewis. “But with this farmers market,

they have access to (fresh veg-etables) from April to October.”

Lewis booked the bands playing the concert, Orbital Resonance, Chinese Connection Dub Embassy, Second Chances and One Word, through a fellow volunteer at the campus garden who owns a production com-pany. One Word and Chinese

Connection Dub Embassy have U of M student members.

At the event, tables with infor-mation on the farmers market and GroMemphis will be set up. Between musical acts, speakers will talk about the benefits of the MidSouth Farmers Market and ways people can help.

“This farmers market is a great example of how U of M students have been in the community, done research and seen it applied,” said Curtis Thomas, deputy executive director of Works Inc., one of the sponsors of the farmers market.

The farmers market is part of the South Memphis Revitalization Action Plan, which was put together by nonprofits and U of M students from various depart-ments such as anthropology, engi-neering and public health.

“The first part of the project implemented was this farmers market,” said Thomas. “The area was a food desert, with no place to go for fresh produce. Students from The University helped run the market, recruit vendors and still continue to engage in the project. The students working on this concert are a new batch, though.”

Lewis said the class will volun-teer at the farmers market when it reopens next Thursday.

“This is something we think is great. There are vegetables and crafts and good things brought to an area that is under the pov-erty line,” he said. “The more people who know about this issue, the better.”

The House of Representatives on Thursday voted 260 to 167 to keep the federal government run-ning through the end of September — but not before a struggle that saw conservatives and liberals oppose the painstakingly crafted compromise spending plan.

Since the agreement was nego-tiated by the White House and House Republican leaders, it drew little resistance from most lawmakers. The Senate voted later Thursday to pass the $38.5 billion spending reduction package.

Among the biggest cuts are $5.5 billion from labor, education, and health and human services bud-gets, $3 billion from agriculture programs, $1.7 billion from energy and water programs, $784 million from homeland security and $2.62 billion from interior and environ-mental programs.

Congress itself will take a 5 per-cent hit, and will have to reduce office expenses.

But the Pentagon will get a $5 billion boost over last year’s fund-ing. The bill also bars Guantanamo Bay detainees from being trans-ferred to this country for any pur-pose and prevents the construction or modification of detention facili-ties in the U.S. for their housing.

The bill also requires the defense secretary to certify to Congress that a transfer of a detainee to a foreign nation or entity “will not jeopar-dize the safety of the U.S. and its citizens.” These measures are nearly identical to current law.

The bigger impact of the plan

approved Thursday is its meaning for the budget battles ahead.

“To say it showed where harder positions are would be accurate,” said Rep. Jack Kingston, R-Ga., a leading conservative. “We wanted more cuts.”

But liberals such as Rep. Sheila Jackson Lee, D-Texas, warned there were already too many cuts.

She voted “a big fat no,” and explained, “I don’t believe this does anything but soothe minute favorite interests.”

The House on Friday is expect-ed to consider a series of budget plans for fiscal 2012, the 12-month period that begins Oct. 1.

Most likely to pass in the House, where Republicans have a 241 to 192 majority, is a package authored by House Budget Committee Chairman Paul Ryan, R-Wis., that could cut $4.4 trillion from pro-jected federal deficits over the next 10 years.

Ryan would revamp the Medicare and Medicaid programs, and reduce the top corporate and individual tax rates, now 35 per-cent, to 25 percent.

President Barack Obama on Wednesday offered his own broad outline for deficit reduction. He’d cut $4 trillion from deficits over the next 12 years, mixing $3 in spending cuts for every dollar in tax increases. He would end the Bush-era tax cuts for the wealthi-est Americans, and make no major changes in Medicare, Social Security and Medicaid.

Negotiators from both parties are expected to try to craft a com-promise, starting next month.

But the Thursday vote sent sig-nals from the conservatives who dominate the Republican Party

and the liberals who make up much of the Democratic caucuses that they aren’t about to move off their long-held positions.

House Minority Leader Nancy Pelosi, D-Calif., made it clear she’s unenthusiastic about the fiscal 2011 and ready to fight for future bud-gets more to her liking.

“I feel no ownership of that or any responsibility to it,” she said of the 2011 agreement, “except that we don’t want to shut down the government.

Conservatives weren’t crazy about the plan, either. Rep. Michele Bachmann, R-Minn., called the savings “a pittance.”

The rhetoric was similar to views of the 2012 budget. Conservatives sent strong signals that they’re not about to agree to any tax hikes, period.

“The best way to bring down the debt and to create the cli-mate that will lead to good pri-vate-sector jobs and prosperity is not to repeat the policies of the past but to change them,” said Senate Republican leader Mitch McConnell of Kentucky, “and that means cutting Washington spend-ing, not squeezing family budgets even more.”

But liberals countered they’re eager to see fewer spending cuts for domestic programs, and more taxes on the wealthy. And they don’t want to include those cuts as part of an agreement on the nation’s debt limit, which is expect-ed to be reached sometime next month.

Republicans want cuts before they’ll agree to raise the limit, now $14.3 trillion. Liberals say forget it.

“This is not a leverage point,” said Rep. Peter Welch, D-Vt., of

the debt limit extension. “This is a moral obligation.”

Democratic leaders, liberals, as well as the Congressional Black Caucus, are each expected to offer separate budget plans Friday.

The leaders’ budget would freeze non-security discretion-ary funding, usually programs such as housing, education and social services, for five years. The basic structure of Medicare, Social Security and Medicaid would remain unchanged. And it would impose pre-Bush era tax rates on incomes above $200,000 for indi-viduals and $250,000 for joint filers.

The Congressional Black Caucus’ plan calls for the creation

of a public health care option which they say would save the fed-eral government $88 billion over 10 years.

The CBC proposes spending tens of billions of dollars more than Obama’s budget proposal and the House Republicans’ budget blue-print on job training programs, research, targeted health care services, infrastructure and high-speed rail.

The budget raises revenues by treating capital gains and divi-dends as ordinary income, a sur-charge on top income earners, eliminating mortgage deductions on vacation homes and yachts, and closing certain tax loopholes.

PoliticsHouse approves full budget compromise, but some grumbleBY DaViD ligHtMan, MargarEt talEV anD williaM DoUglaSMcClatchy Newspapers

Market JaMfrom page 1

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Fatma, a tall, brown-eyed mother of five, was cured of a bipolar disorder for eight years, long enough that doctors closed her medical file. The war in eastern Libya, however, has stirred up those old torments.

In Ajdabiya, a flash-point town where forces loyal to dic-tator Moammar Gadhafi waged a terrifying assault against reb-els, Fatma locked herself and her children in their home for five days. When rumors spread through town that Gadhafi had recruited foreign fighters, Fatma was gripped with such fear that she couldn’t stop shouting, “The mercenaries are coming!”

She’s one of a growing num-ber of Libyan civilians who bear invisible scars from a con-flict that’s stretched for two months: the psychological trau-ma of a seemingly unending cycle of street battles, artillery barrages, coalition airstrikes, government propaganda, eco-nomic upheaval and extreme uncertainty.

Doctors in Benghazi, Libya’s second largest city and the capi-tal of the rebel east, say that visits to the psychiatric hos-pital there have increased 50 percent since the revolt against Gadhafi’s nearly 42 years of one-man rule began in mid-February. The patients comprise relapsed victims of mental ill-ness, such as Fatma, as well as people who are experiencing symptoms for the first time.

Compounding the pain is the difficulty of reaching Benghazi for treatment amid the con-stant fear of attacks, as well as a shortage of medication because the main supply line from the capital, Tripoli, now runs through a war zone.

Patients also must confront the stigma that accompanies mental illness in traditional societies such as Libya’s, which is why their full names are being withheld in this story to protect their privacy.

“We’ve seen a lot of people suffering from stress disor-ders,” said Dr. Ali El Roey, the urbane, British-educated head of the Benghazi Psychiatric Hospital, the only such facility in eastern Libya.

There’s Majid, the 25-year-old who lost a leg in a factory accident but joined the rebel army anyway and now suf-fers night terrors after burying comrades who were killed in vicious battles in the oil towns of Brega and Ras Lanouf.

There’s Thuraya, the pretty, long-lashed 24-year-old from the town of Bin Jawwad, the site of fierce clashes last month, whose mother brought her to the hospital after she began proclaiming that she was “a political figure.”

“She became delusional,” said her mother, Raja, a squat woman whose face is lined with worry. “She couldn’t fathom what was happening around her. She was shouting, hitting the walls, crying, talk-ing nonsense.”

Doctors also had to bat-tle a propaganda war by the Gadhafi regime that took direct aim at the hospital. In the early days of the conflict, Libyan state news media based in the western capital, Tripoli, spread rumors that mental patients had escaped from the Benghazi hospital, to sow fears of chaos in the east.

“They said patients went out and were wandering in the streets, killing people,” Roey said. “They said that female patients had been raped and

that the pharmacy was spread-ing drugs among the children.”

Roey had to go on a local radio station to dispel the rumors.

His clean, simple facility — a collection of low-slung concrete blocks in an industrial-looking section of Benghazi — is run-ning low on medication. Even after drug donations from regional and international aid agencies, trucked in through the open border with Egypt, doctors are giving patients only two-week supplies rather than

the usual month’s worth.Some relapsed patients have

had to go on new medication because the drugs that stabi-lized them aren’t available any-more, doctors said.

Fatma, the mother of five, left Ajdabiya with her family and moved to four different towns before she ended up in Benghazi. She’s able to visit her doctors now, and with medica-tion her appetite has returned and her nerves calmed.

“I’m feeling OK now,” she said. “It feels safe here.”

Patients receive drugs at the Benghazi Psychiatric Hospital, the only mental health facility in eastern Libya. The nation’s two-month-old civil and international conflict has produced a spike in cases of psychological trauma, doctors say.

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War compounds the plight of Libya’s mentally illBY SHaSHanK BEngaliMcClatchy Newspapers

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The University of Memphis Friday, April 15, 2011 • 7

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Selected participants will be notified of their acceptance into the programby Thursday, June 2.

Sacramento Kings and for-mer University of Memphis guard Tyreke Evans has no idea where he’ll be next sea-son, as the Maloof brothers, who own the Kings, are push-ing for a move to Anaheim. But Evans had time to sit down with The Daily Helmsman to talk about all things Tigers after the Kings’ game against the Memphis Grizzlies on April 8.

Q: Did the fans at FedExForum make you feel like you were back home again?

A: I definitely feel a lot of respect when I come back to Memphis. It’s always good coming back here. This is where I started my col-lege basketball career so it’s always good.

Q: Do you still follow the Tigers?

A: Definitely. I watched the games & followed the tourna-ment. I thought they should’ve won. They played great, they’re a good team, they’re young and next year I think they will be pretty good.

Q: Do you personally know any of the players?

A: Yes. I know Wesley (Witherspoon) and Joe (Jackson). Those guys were around when I was here, and they were with me on the AAU circuit.

Q: If you had anything to say to the Tigers this year and for the future, what would it be?

A: Just keep working hard. You’ve got a bright future. All of those guys do. Just come back strong next year, and they’ll be on top.

Sacramento Kings guard Tyreke Evans returned to the FedExForum on April 8 to play the Memphis Grizzlies. The former Tiger had 16 points and six assists in 39 minutes.

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Freshman accounting major Christon Johnson lines up his shot in the University Center’s pool hall, looking to cut the 13-ball for a shot at the side pocket.

Page 8: The Daily Helmsman

www.dailyhelmsman.com8 • Friday, April 15, 2011

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Audition sign-ups and information packets will be available in Clement Hall, Room 437 after the meeting.

The University of Memphis will punctuate several weeks of spring practice with the annual Blue-Gray game tomorrow at Liberty Bowl Memorial Stadium at 1 p.m.

The game, which is free and open to the public, will give fans their first real look at the Tigers since last season’s 1-11 outing. Here are some things to watch for in the culmination of spring practice:

Quarterback play. There’s been a lot of movement at the QB posi-tion this offseason. Cannon Smith, who started one game for the Tigers last season, switched to safe-ty. Ryan Williams, one of the few promising young talents for the Tigers, was granted a release from the program after U of M coach Larry Porter changed the offen-sive philosophy from pro-style to spread.

That leaves Andy Summerlin and Will Gilchrist, both of whom have no playing experience at the FBS level. Summerlin, a junior col-lege transfer, sat out last season after tearing his labrum, but is the

frontrunner for the starting job next season. Gilchrist also has experi-ence in the spread offense, as he played in the spread scheme in high school. The Blue-Gray game could very well determine who’s more comfortable taking snaps and, ultimately, the starter come Sept. 1.

Offensive line play. This stands to be the biggest issue for the Tigers this season. Porter lost seniors Brad Paul and Dominik Reilly to graduation and is return-ing only one starter in Ron Leary. Michael Antonescu, who played spot reps last season, will be forced to play a much bigger role on next season’s line. This spring, Porter signed Jordan Devey, a 6-foot-6, 320-pound left tackle who will pre-sumably be a starter on an almost all-new offensive line.

Defense. Last season, the Tigers’ secondary was one of the worst in the nation, and it may not get much better after Todd Washington left the program this offseason. The good news is that they return a strong front four, led by tackles Dontari Poe and Frank Trotter. Another bright spot is defensive

back Mohammed Seisay, who had 31 tackles and two interceptions as a freshman last season. Seisay will

have an opportunity to shine now that Marcus Ball has moved on. It’ll also be interesting to see how

Cannon Smith, who played QB last season, adjusts to playing on the other side of the ball.

Football

tigers return for Blue-gray game, kicking off SaturdayBY JoHn MartinSports Editor

The University of Memphis football team plays the annual Blue-Gray game tomorrow at Liberty Bowl Memorial Stadium to mark the end of spring practices. The game starts at 1 p.m.

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The University of Memphis football team’s opener against Mississippi State at Liberty Bowl Memorial Stadium will be moved up to Thursday, Sept. 1, the athletic department announced Thursday.

The game was originally sched-uled for Saturday, Sept. 3, but Conference USA and Mississippi State officials agreed to push up the date in order to ensure a national viewing audience.

The C-USA office did not imme-diately indicate which network the game would be carried on.

“I am pleased that we have been able to finalize this game and have it moved to Thursday night for a nationally-televised broad-cast,” U of M coach Larry Porter said in a statement. “We are look-ing forward to opening the season on national television.”

Home opener with Mississippi State pushed upBY JoHn MartinSports Editor

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