The Sun Star- April 4th, 2017

Page 1

Volume LXX, Issue #25

T H E

V O I C E

O F

Tuesday, April 4, 2017

T H E

N A N O O K ,

Y O U R

S O U R C E

F O R

S T U D E N T

N E W S

‘Watching You Go’ tells story of loss pg. 5

Students try their hands at the market

Chancellor discusses perilous budget Erin Granger Staff Writer

David Jones Sun Star

The Student Investment Fund is a School of Management-run fund that consistently outperforms the S&P 500, an American stock market index comprised of 500 companies with stock listed on the New York Stock Exchange. Founded in 1991 with $100,000 of private donations, the Fund has since grown to over $1 million as of 2017 and has a year-todate return of 3.55 percent versus S&P’s 1.79 percent. In the past, the Student Investment Fund had given away $65,000 of scholarships, but recent robust earnings allow for the Fund to distribute four annual awards of $25,000 each. Students can engage with the fund through a class of the same name and are given the task of researching potential investments, pitching stocks and making group decisions on what to invest the fund’s money in, among other tasks. The class is taught in both the Fall and Spring semesters by Kimberley McGinnis, Student Investment Fund instructor and adviser, and students can take the class for both semesters. Continued “Investment fund” pg. 5

Max Donaldson (#128) rounds a corner heading towards the finish line during the Super Tour Finals Skiathlon on March 27. Donaldson finished 22nd with a time of 1:04:29.1. Max McKernan / Sun Star

Hanneman takes sprint title in SuperTour Erin Granger Staff Writer

The Birch Hill ski trails played host to cross-country skiers from across the country last week, as teams competed in the 2017 Distance Nationals SuperTour ski races.

Among the winners was former Nanook skier and Fairbanks local Logan Hanneman, who took first in the men’s freestyle sprint races on Wednesday. For Hanneman, racing in his hometown made all the difference.

The university budget for 2018 and the actions of the legislature were up for discussion at a public forum held by Interim Chancellor Dana Thomas last Tuesday. As the state addresses a financial crisis and massive deficit, the university is preparing for yet another series of program cuts to be scheduled this spring as part of phase two of Strategic Pathways, the plan to streamline university structure. Thomas expressed concer n regarding further program cuts. “We have thinned out all of the low enrollment, less efficient programs and we are at meat now,” Thomas said. “We have programs on the table that we would prefer not to give up, but have to make difficult choices because of our budget situation.” The UA Board of Regents requested a general fund budget of $341 million, $16 million more than a budget proposed by Governor Bill Walker. While the governor’s proposal keeps the university’s budget the same as last fiscal year, univer sity administrator s are concerned that won’t be enough. Continued “Budget” pg. 5

Continued “Skiing” pg. 5

Iditarod photographer focuses his lens on Alaska Sarah Manriquez Photo Editor

A red squirrel eats spruce cones on a tree near the Honors House. Tauseef Mahmood / Staff Photographer

Tweet us! @ uafsunstar

There were bloody streaks on the ground from where they crawled out of the wreckage. The plane was mangled, the wings wrenched in opposite directions, the wind was picking up and a harsh storm was fast approaching. Things were looking dire for Jeff Schultz. Schultz, an inter nationallyrecognized Alaskan photographer, will be giving a lecture about his experiences April 6 in Schaible Auditorium. He was invited to jury, Circumpolar, a statewide photography exhibition hosted by campus’s Frozen Lenses Photography Club. Trapped in whiteout conditions, Schultz and his pilot Chris McDonnell sought shelter in their sleeping bags. With McDonnell incapacitated, the photographer resisted sleep, calling for help over the radio for hours. Schultz described the 1992 crash in his book “Chasing Dogs - My Adventures as the Official Photographer of Alaska’s Iditarod” “It looked like a wreck that no one would have walked away from,” Paul Claus said in the book. Claus was a member of the rescue party dispatched from Golovin. The plane crash left pilot Chris McDonnell practically scalped with a gash to the head that would

require 70 stitches and several staples. Schultz suffered severe damage his face and fracturing to his skull. “I could tell there was some fracturing and his teeth had been pushed back and down,” Mark Kelso said in the book. Kelso, a travelling dentist, was one of the rescue party that responded to the crash. Schultz played with his first single lens reflex camera in the 7th grade when his best friend Frankie brought in his older brother’s Pentax camera to school. Schultz remembers looking through the viewfinder, focusing the lens and thinking, this is cool. “You could say it just clicked,” Schultz said in a phone interview. “I love to be able to compose and focus the world around me.” Schultz moved to Alaska in search of adventure three months after graduating high school in the bay area of California. He was inspired by a book he read about a man who lived off the land in remote Alaska. Schultz’s traded the California pavement for mountain views in Anchorage. Schultz’s Iditarod career took off with Joe Reddington Sr., the man who is considered the father of the race, Schultz met Reddington during a portrait session in 1980. “When I met Joe... I didn’t eve n k n o w w h a t t h e w o r d Iditarod meant,” Schultz said. Continued “Schultz” pg. 4

Like us on Facebook!


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.