DAILY LOBO new mexico
Pitch perfect
summer
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The Independent Voice of UNM since 1895
July 6-11, 2010
Heinrich: No more ‘too big to fail’ by Ruben Hamming-Green Daily Lobo
U.S. House Rep. Martin Heinrich hosted a “telephone town hall” discussion June 30, where he discussed the benefits of the Wall Street Reform and Consumer Protection Act to more than 3,000 callers. Heinrich, the First district’s Democratic representative, said the bill, which passed through the House by a 237-192 vote, will help create and keep jobs, and in turn help New Mexico. “(The bill) means that a small business owner in the district, in a place like Moriarty or Belen, will still have access to the capital they need to keep their small business running,” Heinrich said. “That’s going to mean, in our neighborhoods, fewer boarded-up houses.” Heinrich encouraged constituents with mortgage or credit card problems, in situations where the consumer has been taken advantage of, to contact his office for information and help during the town hall. The bill is designed to anticipate future economic disasters and prevent the circumstances that led to the market downturn in 2008 and 8 million job losses, Heinrich said. It
will discourage companies from becoming “too big to fail,” create an organization that will analyze risks to the economy and grant the Federal Deposit Insurance Corporation the power to liquidate failing companies and sell the assets, he said. “It ends the situation where you have these financial institutions, these Wall Street banks, so intertwined that if one goes down it takes otherwise healthy institutions down with it,” Heinrich said. “It’s much harder for an institution to get into that risky category in the first place — where it couldn’t fail.” UNM Professor Erik Gerding, whose teaching focus is the subprime mortgage crisis, has a less optimistic take on the legislation. “It addresses the ‘too big to fail’ problem only weakly and obliquely,” Gerding said. “Even a good statute and good regulations can be undermined if other countries have loose regulations.” In the House vote, only three Republicans voted for the bill. Republican lawmakers say the bill grants too much power to the government and stifles the free market. “If this bill becomes law, bailouts and ‘too big to fail’ will
PHARMACY FRAUD
Armed med student suspected of dealing oxycodone by Kallie Red-Horse Daily Lobo
UNM pharmacy student Paul DeSantis faces up to 20 years in jail after being charged with possession with intent to distribute oxycodone and possession of firearms. Steven Peterson, UNM School of Pharmacy professor and assistant dean of Professional Curriculum, said no one noticed strange behavior from DeSantis during his time at the school. “He was a smart kid, highly motivated and from a good, goal-oriented family. His dad was an alum from late 60s,”
he said. “Everything was just fine. He was a good student and worked hard.” A court complaint filed by U.S. Attorney Kenneth Gonzales cites a “cooperating source” as the informant of the case. “DeSantis had stolen a ream of secure prescription paper and had a printer that would print forged prescriptions that were identical to authentic ones,” court documents quoted the source as saying. “DeSantis carried an H&K semi auto pistol in a Louis Vuitton male purse while
conducting his drug transactions and refers to his firearm as a ‘cop killer.’” According to court records, DeSantis contacted the source June 23 and requested that he fill a fraudulent prescription. “Surveillance units saw DeSantis leave his house carrying a light shade of blue piece of paper, which was identical to the stolen secure prescription paper and a brown purse,” the report reads. Agents observed trips to two Walgreens to fill the prescription, because the first Walgreens did not have adequate supply of oxycodone, Gonzales said.
see Fraud page 3
see Heinrich page 2
Popejoy student ticket shortage takes ‘Wicked’ turn by Alexandra Swanberg Daily Lobo
Ticket sales have spiked as students plan ahead for the arrival of “Wicked,” leaving Popejoy unable to meet the demand for half-priced student tickets, which are no longer available. The Student Fee Review Board, a student advisory body that recommends allocation of student fees, cut the funding for discounted tickets
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$3,000 this spring. The cutback, in conjunction with regular sales that have reached more than $90,000, resulted in the ticket shortage. GPSA President Lissa Knudsen, also the SFRB chair, said the board decided to cut Popejoy’s funding because it wanted to prioritize programs more closely related to the University’s academic mission. “It’s in relation to other programs that are meeting essential needs that it’s a low priority,”
4-year-old fury
Knudsen said. Popejoy’s director Tom Tkach said student demand has never failed to exceed funding, something he feels is evidence of sufficient student preference. The SFRB was concerned with the number of students who benefit from this discount as well as the extent of the benefits in relation to more academic programs, Knudsen said. “Twenty-five dollars is still a lot
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of money for a luxury item to go to a play,” Knudsen said. “As important as it is for your soul, mind and personal growth, it is not an immediate need.” Knudsen said the SFRB explored more advantageous uses for the funds, such as the LGBTQ resource center, which she said would have a greater impact on a student’s ability to graduate. The board maintained funding for programs like CAPS and the libraries.
The Board of Regents received these recommendations, cutting funds accordingly. However, it imposed a $10 increase for Athletics on top of the recommended decrease, effectively raising the allocation by $8 per student. Considering funds come from mandatory fees, students will have the opportunity to influence next year’s distribution at the SFRB’s open meeting in the spring semester.
by Danielle Boudreau
the next five years, at which point it may choose to re-apply for the award. “The Health Sciences Center has been pursuing this designation for years,” Udall said. “I was extremely pleased when we received notice they had won.” Udall said the award will create more than 100 jobs in New Mexico over the next five years and allow the center to attract top-notch researchers and faculty to UNM. New training programs will alter existing educational structures, offering new opportunities
HSC award aimed at NM health, jobs Daily Lobo
Kyle Morgan / Daily Lobo Martial Arts student Gabriel Matthews, 4, spars with his fellow student, Slade Ring, at Rosales’ Karate and Kickboxing in Albuquerque. Tony Rosales, owner and instructor, said he hopes to teach his students respect and discipline through the sport. Check out the multimedia piece at DailyLobo.com
Inside the
Daily Lobo volume 114
issue 159
The National Center for Research Resources awarded the Clinical and Translational Science Award to the Health Sciences Center, a $21 million award. The goal of the prize is to improve health care by enabling superior clinical and translational research, an area into which UNM HSC has already put considerable work, according to a press release from U.S. Sen. Tom Udall on June 25. The NCRR will provide the center with the $21 million over
Less is more
Fast shoes to fill
See page 5
See page 9
see Health Award page 3