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The Indiana Daily Student

Dow sets record with 777-point plunge

By Julie Hirschfield Davis · Tuesday, Sept. 30,2008 12:18 a.m.

WASHINGTON – In a vote that shook the government, Wall Street and markets around the world, the House defeated a $700 billion emergency rescue for the nation’s financial system Monday, leaving both parties’ lawmakers and the Bush administration scrambling to pick up the pieces. The bill went down 228-205.

The Indiana Daily Student

Sodrel, Hill voice opposition to bailout bill

By Nicky Purser · Tuesday, Sept. 30,2008 12:14 a.m.

Both Indiana 9th district congressional candidates, incumbent Democrat Baron Hill and Republican challenger Mike Sodrel, declared their opposition Monday to a failed $700 billion plan to rescue collapsing financial firms. The bailout bill was endorsed by President Bush, congressional leaders and presidential candidates Republican John McCain and Democrat Barack Obama. But it was defeated Monday in the House of Representatives, 228-205, and Hill was among those who voted against it. PODCAST: Hoosier Headlines

Trader Thomas Cannizzaro works Monday afternoon on the floor of the New York Stock Exchange. Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, after the government's financial bailout package failed the House.

Nightmare on Wall Street

By Sean Morrison · Tuesday, Sept. 30,2008 12:12 a.m.

Despite a plunge of 777 points Monday, experts at IU say that the drop-off of the Dow Jones industrial average is not a major reason for concern or panic. “The drop in the Dow itself is not necessarily going to affect the economy,” Allen Snively, a finance lecturer, said Monday. “Certainly the psychological impact of a drop like we had today certainly can affect people’s behaviors in terms of their ability or willingness to spend money, but the economy isn’t affected by a single day like this.” Lawrence Davidson, an IU professor of business economics and public policy, said a stock market cycle must be studied over a long period of time in order to understand the strength of the market.

The Indiana Daily Student

Asian Alumni Association awards judge

By Jessica Hullinger · Monday, Sept. 29,2008 11:51 p.m.

Kim said Witte’s numerous professional accomplishments and long history of giving back to the community made it clear he had earned the award, which recognizes distinguished alumni that have done great things for the Asian community.

The Indiana Daily Student

Fasting to feed the hungry

By Jessica Hullinger · Monday, Sept. 29,2008 11:47 p.m.

Today, the IU Muslim Student Union will host the annual Fast-A-Thon, asking non-Muslim students and community members to join them in their fasting for one day only to raise money for the community kitchen of Monroe County and spread awareness of the Muslim faith.

The Indiana Daily Student

New group plans to get students voting, involved

By Nola Lazin · Monday, Sept. 29,2008 11:46 p.m.

Brianna Dines, president of Democracy Matters, is helping start up one of the newest clubs on IU’s campus. She said the club focuses its energy around supporting a nonpartisan group that works on getting money out of politics and getting the voters back and more involved. Democracy Matters is a national group that was started in 2001 by NBA basketball player Adonal Foyle. The mission of the group, as stated on their Web site, is “to strengthen democracy by training young people how to be effective grassroots organizers and advocates and supporting full public financing of election campaigns and other pro-democracy reforms.”

The Indiana Daily Student

IU club hockey roster set

By Tyler James Perry · Monday, Sept. 29,2008 11:46 p.m.

The IU club hockey team took to the ice last Friday night for an intrasquad exhibition game at Frank Southern Ice Arena in Bloomington for one final shakedown. The coaches divided the squad into two separate teams to help determine starters and finalize the roster.

The Indiana Daily Student

Weekend of sports facilitates escape

By Bryan Payton · Monday, Sept. 29,2008 11:44 p.m.

You know, I really wanted to write about how my Chicago White Sox beat up on the Detroit Tigers to force a one-game playoff, but thanks to Mother Nature, that wasn’t possible – the game was delayed for too long. But the writing must go on. While my heart is currently with the White Sox, I realize this weekend was a pretty good one for sports. There was pretty much something for everyone.

The Indiana Daily Student

Capobianco: ‘I’m not worried’

By Jordan Cohen · Monday, Sept. 29,2008 11:43 p.m.

With the recent pledge from 6-foot-11 center Bawa Muniru, IU men’s basketball coach Tom Crean now has six commitments from the 2009 class, although he only has room to give away five available scholarships. Muniru’s commitment last Thursday leaves 14 potential scholarship players in the fold for next year’s IU squad. But NCAA rules limit teams to 13 scholarships with the Big Ten permitting the Hoosiers to over-sign by one. Crean will be forced to make an adjustment should all six sign, but that hasn’t stopped him from recruiting for next year. Despite Muniru’s commitment, four-star recruit Chris Braswell visited this past weekend.

The Indiana Daily Student

Late-voter registration to surge as deadline nears

Monday, Sept. 29,2008 11:42 p.m.

INDIANAPOLIS – More than 70,000 Indiana residents have registered to vote since the May primary, and those numbers are rising as the deadline nears to vote in the Nov. 4 election.

Sophomore midfielder Rich Balchan eyes the ball during the Hoosiers' 2-1 loss to UC Santa Barbara on Friday night at Bill Armstrong Stadium.

Rough atmosphere awaits IU men's soccer’s chance to rebound

By Greg Rosenstein · Monday, Sept. 29,2008 11:42 p.m.

After the team’s 2-1 loss to UC-Santa Barbara on Saturday night, IU men’s soccer coach Mike Freitag said his biggest concern was the “casualness” his team displayed on the field. The Hoosiers hope to show a more aggressive approach today when they travel to Evansville for an 8 p.m. showdown against the Purple Aces. This weekend’s loss dropped the Hoosiers to a No. 17 national ranking and 4-2-2 on the season. The Purple Aces are 6-2 and coming off their largest margin of victory this year, a 6-0 win over Centenary.

The Indiana Daily Student

Soldiers to get mental health evaluations

Monday, Sept. 29,2008 11:42 p.m.

INDIANAPOLIS – Members of an Indiana National Guard brigade returning in November from a deployment to Iraq will spend time meeting with mental health counselors before heading home to their families.

The Indiana Daily Student

McCain: Obama policies will deepen recession

Monday, Sept. 29,2008 10:33 p.m.

Lagging in the polls, Republican presidential candidate John McCain unleashed a blistering attack Monday on his Democratic rival, saying the race comes down to a simple question: “Country first or Obama first?”

The Indiana Daily Student

Change just a slogan

Monday, Sept. 29,2008 10:14 p.m.

The extent to which Barack Obama shows concern over America’s financial crisis isn’t resonating with the American people. For a campaign running on “change,” there has been little done with his campaign in these recent months that even hints at reforming the old regime. The man who purports his desire to help Americans in their current crisis hired Franklin Raines as his housing financial adviser.

The Indiana Daily Student

Biden’s ties and lies

By Yahya Chaudhry · Monday, Sept. 29,2008 10:09 p.m.

Sen. Joe Biden of Delaware is one lucky guy. Out of the blue, Barack Obama picked Biden to be his running mate in the upcoming presidential election. Then, Sen. John McCain of Arizona chose an inarticulate fool as his running mate, Alaska Gov. Sarah Palin.

IU scientists designed special rugged computing equipment that will be used for the Polar Grid Project, which is studying Earth's shrinking ice caps in Antartica and Greenland.

Indiana University hardware sent to Antarctica

By Megan Meyer · Monday, Sept. 29,2008 10:09 p.m.

A team from IU’s Pervasive Technology Labs and University Information Technology Services bundled up powerful computing equipment and sent it off to Antarctica on Friday.The equipment is specially designed for the Polar Grid Project, an organization formed to provide better information about Earth’s shrinking ice caps.

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