The student voice of Midwestern State University
The Wichitan page 6 Star grows brighter
‘Eagle Eye’ the newest release in Shia LaBeouf’s growing repertoire.
page 8 Family Day victory The No. 17 Mustangs cap off fun-filled Family Day with 17-3 win over Angelo State.
WEDNESDAY, October 1, 2008
Wall Street crisis casts shadow on economy Chris Collins Managing Editor
Students may be faced with a staggering national debt and a grim economic future after graduation. The $700 billion bailout bill, which was regarded by many politicians and pundits as a quick fix for the quickening world economic crisis, was rejected by the U.S. House of Representatives
in a 228-205 vote Monday. The bill was partly a response to a number of economic meltdowns in the U.S., including the bankruptcy of investment firm Lehman Brothers, Inc. and the buyouts of Washington Mutual and the Wachovia Corporation. “The legislation may have failed, but the crisis is still with us,” said House Speaker Nancy Pelosi, D-Calif., after the bill failed. The Dow Jones Industrial
Complex fell seven percent to 10,365 points Tuesday as a result of the bill’s failure. It was the market’s biggest loss since the day after the Sept. 11 terror attacks. Our economy isn’t currently in a recession, but it will be soon, said Dr. John Martinez, professor of economics. “No one knows where all the toxic fumes are,” Martinez said. “Banks aren’t even willing to loan to banks.”
The National Bureau of Economic Research reveals data at the end of two consecutive quarters. If GDP falls for half a year or more, the nation is considered to be in a recession. Because of the way data is presented by the Bureau, American citizens may be months into a recession before they even realize it, said Dr. James Owen, professor of economics. Early warning signs that an economy is in recession are
companies struggling to make payrolls and pay off loans, Owen said. McDonalds had difficulty acquiring a loan for a new line of iced coffee in September. General Motors Co. met resistance when requesting a loan from Congress to produce a new line of fuel-efficient vehicles in the same month. “It’s too early to say if we’re in a recession, but there has been a slowdown,” Martinez said. “Af-
ter it’s all said and done, we’ll be in a recession.” The United States has experienced 11 recessions since World War II. The last occurred in 2001, Martinez said. The national debt in the U.S. is about $10 trillion. “Young folks will be paying the national debt,” Owen said. Students who pay for school with loans will be faced with See “ECONOMY” on pg. 4
MCT Democratic presidential candidate Sen. Barack Obama addresses supporters during a rally at Knology Park in Dunedin, Florida, Sept. 24, 2008.
Different votes for different folks Student voters weigh choices for election
Brittany Norman Editor in Chief
The most challenged book of 2007 was a children’s picture book about homosexual penguins. And Tango Makes Three, a story of two male penguins in a zoo who hatch an egg and raise a chick together, was challenged and/or banned in libraries around the country for sexism, homosexuality, and for being anti-ethnic, promoting a religious viewpoint, and being
unsuited to the age group for which it was intended, according to the American Library Association (ALA) Web site. It has joined the ranks of To Kill a Mockingbird, Lolita, Of Mice and Men, Brave New World, 1984, Harry Potter and Huckleberry Finn on the ALA’s list of banned or challenged books. This year The American Democracy Project at Midwestern is sponsoring a celebration of Banned Books Week, which
began Sept. 27 and ends Oct. 4. Today in Sunwatcher Plaza, faculty and students will be reading excerpts from banned and challenged books aloud as part of the celebration of the freedom to read. According to political science professor Dr. Michael Preda, the celebration of Banned Books Week is important because of its direct relation to the first amendment. See “BOOKS” on pg. 4
Brittany Norman Editor in Chief For Midwestern students, the upcoming election takes on different meanings. For some, it’s simply a choice between two unfavorable candidates. For others, it’s an opportunity for change. Some, however, are just thankful they can’t vote. Madlen Gohlke, a sophomore from Germany, is one of them. She has an outsider’s perspective on this year’s presidential elections. “I’m just glad I’m not an American citizen,” she said, laughing a bit. “But I adore it (the American election process). It’s crazy. It’s a totally different thing how y’all promote it. In Germany it’s like, ‘Hey, an elec-
tion is coming up.’ Politics are not as big of a thing over there.” Here, however, the political circus has been going on since as early as June 2007 for some candidates. During the rush to whittle down the field of also-rans into a single candidate for either party, news stations and newspapers were inundated with stories about the candidates, their pasts, their plans for the future. And now, with a clear-cut choice existing between Sen. John McCain and Sen. Barack Obama, there are all sorts of reasons why people choose the candidates they support. Some choose based on party lines. Others prefer to base their opinions on the candidate’s take on the “issues.”
to CSC Room 194 and exchange it for a new Mustangs T-shirt. All T-shirts with other university logos will adorn the woodpile that will later ignite the bonfire Thursday evening at 9:15 p.m. “The T-shirt exchange is an idea we came up with several years ago and it is an activity that is fun for everyone,” Park said. The All-School Picnic on Wednesday, Oct. 8 will officially kick off Homecoming week.
The event, for students, faculty and staff, begins at 11:30 a.m. in Sunwatcher Plaza. The cost is $3 per person unless you are on a meal plan. The picnic will also celebrate MSU mascot Maverick the Mustang’s second birthday party, with cake and all. MSU’s mascot became official last year after the name was changed from Indians to Mustangs three years ago.
See “POLITICS” on pg. 3
Homecoming float parade to bring a blast from the past Russ Lawrenz For The Wichitan
Everyone get out your mums and your garters, Homecoming is just around the corner. There may not be any mums or garters, but they were in fashion for some when MSU held its last Homecoming float parade 47 years ago. The floats revive a tradition that is nearly a half century old. According to the Waikun Yearbook, Homecoming
floats have not graced the campus since 1961. MSU will hold its annual Homecoming this year from Oct. 8 to Oct. 11. “The students are really excited about it (the floats),” said Matthew Park, director of student development and orientation. “It used to take place on the streets of the community. It will be exciting because we are doing it right here on campus.” Student organizations and fac-
ulty departments are constructing floats incorporating the 2008 Homecoming theme, “There’s no Place Like Home.” This was a custom popular throughout the 1940s and 1950s at MSU. “We got together and decided that having Homecoming floats is a tradition that should’ve never gone away. Besides, everyone loves floats,” said Shahala Hanks, coordinator of Greek Life. “I saw some pictures of the
float parades they used to have back then and figured it would be fun to do again.” The Rider High School band and the local Boys & Girls Club are helping out. “We are attempting to get different organizations within the community involved in this as well.” Hanks said. A T-shirt exchange will begin Monday, Oct. 6. This tradition began three years ago. Bring a T-shirt from any other university
See “HOMECOMING” on pg. 3