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Viking." "We looked for acts that were upbeat, sellable and had a lot of energy" Wendland said. Performing with Wendland, junior Joy Lussenden said they tried to have as much fun as possible rehearsing their act. "There are a vari-ety of students showing off talent that is part of Augie spirit," Lussenden said. "There is such an energy in our selection that can be taken over the top," Wendland said. Senior Laura Nary, who co-directs the show and See VARIETIES, page 12 Sean McCain Three reasons you should read this issue: 1 College Republicans amp up McCain support. Page 6 '7 Junior Rob Green takes 4111* Taekwondo up a notch. Page 9 2 Elevator abusers irk angry Stavigian. Page 5 Prospecl.e Students Cun'erl Students Faculy K Tref Alueln, Pa,enis Church & 'DM (ON • THE AUGUSTANA Friday October 3, 2008 vIIRROR XCVII No. 3 1908 • CELEBRATING 100 YEARS • 2008 Endowment weathers U.S. financial crises Scott Hale/The Mirror Sophomore Chris Haak displays one of several musical talents in a rehearsal for Viking Varieties 2008: The Year of the Viking. Varieties embraces 'Year of Viking' Talent showcase brings music, entertainment in 2008 Viking Varieties 2008: The Year of the. Viking takes the stage this weekend at the Orpheum Theatre in downtown Sioux Falls. Students have been working to produce a showcase of talent for this Augustana Homecoming tradition. For the past three weeks, students have been re-hearsing their singing, dancing and novelty acts, perfecting every detail in preparation for four perfor-mances during Homecoming weekend. Eleven acts are featured in this year's show, a num-ber senior stage manager Sean McCain said was dif-ficult to narrow down. "All the acts were pretty good," McCain said. "We had to choose acts that were cohe-sive and worked well in the show together." Co-director and performer junior Bob Wendland said this year's Varieties features more audience in-teraction and several "exciting surprises" that relate to this year's Homecoming theme, "The Year of the By Alex George Mirror Staff Writer The economy has been a roller coaster ride for in-vestors in recent weeks, but from the viewpoint of Augustana's financial offices, the outlook is not yet dire. _In any market, with per-sonal portfolios, college endowment portfolios or retirement portfolios, it is expected that the market will go up and down, but what to look for is growth over the long term. "If the college were a short-term investor, I think that would be a greater con-cern, but the fact is that we have an investment strategy that is geared to the longer term:' said Mark Braun, se-nior vice president for aca-demic affairs and dean of the college. Augustana's endowment portfolio is diversified and fairly stable (see info box on page 12). The college does not directly hold stock, but rather does a lot of invest-ing through mutual funds, which in turn invest in stocks, thereby spreading out risk. The college spends five percent of the endowment per year, based upon a 12- quarter (three-year) aver-age. The balance of the en-dowment over the past three years is averaged to deter-mine exactly how much five percent equals. With the current en-dowment average totaling around $45 million, that would mean the college spends roughly $2.25 mil-lion from the endowment Mark Braun each-year. That $2.25 million does not fund everything. Con-struction projects like the football stadium and li-brary renovations are not funded by the endowment. However, administration sometimes does use the en-dowment to fund housing ventures, such as the acqui-sition of the Ronald Mc- Donald House. Spending five percent of the endowment allows the college to stay invested for the long term. "If you're invested for the long term, this is the appro-priate portfolio," said Tom Meyer, vice president for finance and administration. "If we were all-cash, which some people might view as safer, we're going to under-perform, and we won't keep up with inflation needs and you can't provide for tomor-row." Augustana is trying to in-crease the endowment, but that process can be slow. "When you have an economy that's in a little bit of a hump, that can affect the donor's ability and desire to contribute," Meyer said. See FINANCES, page 3 By Brian Boyenga Mirror Forum Editor By Sonia Halbach Mirror StaffWriter Many things have changed at Augustana since school let out last May. From the newly designed li-brary to the pile of dirt that is our new stadium, the school's Web site also didn't avoid being revamped. But like the new library it may take some time for students to make the adjustment. Last spring, the Web site mod-ifications started with a switch in the email system over to G-mail, which gave students the option to chat through their email and was deemed convenient by many stu-dents, faculty and staff. Although students seemed comfortable making the email change, reactions to the new Web site seem to vary. "I like it better," senior Molly Buyske said. "I think it's easier to use, especially for prospec-tive students who are looking at Augustana as a potential school. Students weigh in on Augustana Web site revamp See WEB SITE, page 3 The Augustana Home Page (www.augie.edu )
Object Description
Title | Mirror - October 3, 2008 |
Subject (LC) | Augustana College (Sioux Falls, S.D.)--Students--Newspapers |
Type | Newspaper |
Date | 2008-10-03 |
Publishing agency | Augustana College, Sioux Falls, SD, USA |
Rights | This image may not be reproduced without the express written consent of Augustana University, Sioux Falls, South Dakota, USA. |
Medium | Text |
Format - Digital | |
Language | English |
Collection | Augustana Newspapers |
Contributing Institution | Mikkelsen Library, Augustana University |
Description
Title | Page 1 |
Type | Newspaper |
Date | 2008-10-03 |
Text | Viking." "We looked for acts that were upbeat, sellable and had a lot of energy" Wendland said. Performing with Wendland, junior Joy Lussenden said they tried to have as much fun as possible rehearsing their act. "There are a vari-ety of students showing off talent that is part of Augie spirit," Lussenden said. "There is such an energy in our selection that can be taken over the top," Wendland said. Senior Laura Nary, who co-directs the show and See VARIETIES, page 12 Sean McCain Three reasons you should read this issue: 1 College Republicans amp up McCain support. Page 6 '7 Junior Rob Green takes 4111* Taekwondo up a notch. Page 9 2 Elevator abusers irk angry Stavigian. Page 5 Prospecl.e Students Cun'erl Students Faculy K Tref Alueln, Pa,enis Church & 'DM (ON • THE AUGUSTANA Friday October 3, 2008 vIIRROR XCVII No. 3 1908 • CELEBRATING 100 YEARS • 2008 Endowment weathers U.S. financial crises Scott Hale/The Mirror Sophomore Chris Haak displays one of several musical talents in a rehearsal for Viking Varieties 2008: The Year of the Viking. Varieties embraces 'Year of Viking' Talent showcase brings music, entertainment in 2008 Viking Varieties 2008: The Year of the. Viking takes the stage this weekend at the Orpheum Theatre in downtown Sioux Falls. Students have been working to produce a showcase of talent for this Augustana Homecoming tradition. For the past three weeks, students have been re-hearsing their singing, dancing and novelty acts, perfecting every detail in preparation for four perfor-mances during Homecoming weekend. Eleven acts are featured in this year's show, a num-ber senior stage manager Sean McCain said was dif-ficult to narrow down. "All the acts were pretty good," McCain said. "We had to choose acts that were cohe-sive and worked well in the show together." Co-director and performer junior Bob Wendland said this year's Varieties features more audience in-teraction and several "exciting surprises" that relate to this year's Homecoming theme, "The Year of the By Alex George Mirror Staff Writer The economy has been a roller coaster ride for in-vestors in recent weeks, but from the viewpoint of Augustana's financial offices, the outlook is not yet dire. _In any market, with per-sonal portfolios, college endowment portfolios or retirement portfolios, it is expected that the market will go up and down, but what to look for is growth over the long term. "If the college were a short-term investor, I think that would be a greater con-cern, but the fact is that we have an investment strategy that is geared to the longer term:' said Mark Braun, se-nior vice president for aca-demic affairs and dean of the college. Augustana's endowment portfolio is diversified and fairly stable (see info box on page 12). The college does not directly hold stock, but rather does a lot of invest-ing through mutual funds, which in turn invest in stocks, thereby spreading out risk. The college spends five percent of the endowment per year, based upon a 12- quarter (three-year) aver-age. The balance of the en-dowment over the past three years is averaged to deter-mine exactly how much five percent equals. With the current en-dowment average totaling around $45 million, that would mean the college spends roughly $2.25 mil-lion from the endowment Mark Braun each-year. That $2.25 million does not fund everything. Con-struction projects like the football stadium and li-brary renovations are not funded by the endowment. However, administration sometimes does use the en-dowment to fund housing ventures, such as the acqui-sition of the Ronald Mc- Donald House. Spending five percent of the endowment allows the college to stay invested for the long term. "If you're invested for the long term, this is the appro-priate portfolio," said Tom Meyer, vice president for finance and administration. "If we were all-cash, which some people might view as safer, we're going to under-perform, and we won't keep up with inflation needs and you can't provide for tomor-row." Augustana is trying to in-crease the endowment, but that process can be slow. "When you have an economy that's in a little bit of a hump, that can affect the donor's ability and desire to contribute," Meyer said. See FINANCES, page 3 By Brian Boyenga Mirror Forum Editor By Sonia Halbach Mirror StaffWriter Many things have changed at Augustana since school let out last May. From the newly designed li-brary to the pile of dirt that is our new stadium, the school's Web site also didn't avoid being revamped. But like the new library it may take some time for students to make the adjustment. Last spring, the Web site mod-ifications started with a switch in the email system over to G-mail, which gave students the option to chat through their email and was deemed convenient by many stu-dents, faculty and staff. Although students seemed comfortable making the email change, reactions to the new Web site seem to vary. "I like it better," senior Molly Buyske said. "I think it's easier to use, especially for prospec-tive students who are looking at Augustana as a potential school. Students weigh in on Augustana Web site revamp See WEB SITE, page 3 The Augustana Home Page (www.augie.edu ) |
Collection | Augustana Newspapers |
Contributing Institution | Mikkelsen Library, Augustana University |