Vice chancellor search presses on
By Angela Opperman
Staff Reporter
Nominations and applications for
the still vacant position of UNL vice
chancellor for research should start
arriving in late September, an official
said.
Stan Liberty, dean of engineering,
said the search committee should be
able to start screening applicants by
Nov. 1.
The search for a vice chancellor
for research began more than two
years ago and almost came to a close
this summer when the position was
offered to Anthony Hines. Hines ac
cepted the position and then, two hours
later, called back to say he had changed
his mind.
A second search began in July.
Liberty said an advertisement for
the position was submitted to The
Chronicle of Higher Education and
will appear in the weekly publication
beginning Sept. 2, running for two
weeks.
In addition, Liberty said, the com
mittee will send out nearly 400 letters
nationwide to science and engineer
ing administrators asking for nomina
tions.
“I plan on expanding the mailing
list a bit more than the previous search
committee’s list,” he said. “I’d like to
put more effort into the identity of the
candidate.”
Nominations and applications will
be accepted through October, he said.
Liberty said he thought the com
mittee could start arranging for inter
views with prospective candidates by
the end of fall semester, unless the
holidays interfered.
Herb Howe, associate to the chan
cellor, said the cost of the first search
totalled about $5,000, and he said it
was difficult to predict how much this
search would cost.
The cost will depend on where the
applicants are from and the cost of
transportation to the campus inter
views, Howe said.
He said it is too early to tell when
an appointment will be made.
Monthly Parking
5 Spaces Left - paved lot
Mon.- Fri. Mon.- Sun.
6am - 6pm 24hrs.
$20/month $38/month
‘exdudes football Saturdays
k - co
9th & "S" St._ 474-6043
f Tb 1992/93 1
Work-Study Job Fair!
Wednesday,
August 26, 1992
Wick Alumni Center
9:30 a m. to 3:00 p.m.
: For more information,
contact the:
Student Employment and
Internship Center
345 Nebraska Union
in (402) 472-1452 yj
THE FTRSTIER
SURVIVAL
KIT...
“YOUCANT
MAKE IT
THROUGH
SCHOOL
wrmouTrrr
It’s A Jungle Out There.
You Neea The Financial
Advantage.
The Firmer EDGE is our most
popular checking account for
those who want unlimited check
ing for a low Fixed monthly fee. It’s
checking simplified!
• No minimum balance.
• Unlimited check writing.
• Free FirsTier Style checks.
• FirsTier Teller ATM Card for
24 hour banking convenience.
• Credit Card with no annual
fee with approved credit.
• No Fee VISA* TYaveler’s Cheques.
All these benefits for a low fixed fee
of only $6.00 a month!
Value Plus Checking...
A Great Value For Those
Who Write Few Checks!
FirsTier has the ideal solution for
those who don’t write many
checks. It’s Value Plus Checking
and it’s designed for students who
frequently use ATMs. There’s no
minimum balance requirement for
you to worry about. And whether
—’“ “t home for the
eekend or hitting
the books at school, your money is
just an ATM away.
• Low $2.50 monthly service
charge.
• Write up to 10 checks per
month with no fee. (ifyou
write more than 10 checks in a
month, automatic payments are
included in this number, there is
a $.35 fee for each check
over 10.)
• All FirsTier Teller ATM transac
tions are free!
FirsTierAid—It Can Keep
Your College Hopes Alive!
Making your way through college
can be a real financial struggle.
FirSTier offers three programs to
help students and parents handle
the rising cost of higher education:
Federal Stafford Loans, Federal
Supplemental Loans to Students
(SLS) and Federal Parent Loans for
Students (PLUS]. Ask your FirSTier
Representative ror details!
The Student VISA” Is Perfect
For Emergency Situations.
There are times when you need
money fast. That’s where Firmer
comes to the rescue! See your
FirSTier Representative for an
application today!
• No Annual Fee.
• No Co-signer required.
• Minimum $500.00 Line of
B Credit (upon approval).
DON’T WAIT
FOR AN
EMERGENCY.
OPEN AN
ACCOUNTNOW!!
Firsfiet
Ftrtfner Banks. N.A.. Members FTHC.
Dollar descends
against the mark
1.70
1.65
1.60 -
1.55
1.50..
1.45 Weekly
1.40 --J
Apr. 3
•92
Source: IDCVTradeline AP
Dollar’s slump
leaves Fed
fewer options
WASHINGTON (AP) — The
dollar’s dramatic decline is making it
increasingly difficult for the Federal
Reserve Board to engineer another
interest-rate reduction, even if the
economy’s stall persists through the
election, analysis said Monday.
Before the dollar’s plunge, many
economists believed the central bank
— pressured by the Bush administra
tion — probably would attempt to
stimulate the economy with at least
one more cut in short-term interest
rates.
But now, most analysts said, an
other case in monetary policy is re
mote, barring an unexpected and sharp
slump in the economy. And there’s a
chance, albeit a remote one, that the
Fed could be forced to raise rates to
support the dollar, they said. 4
The dollar scare emerged Friday
when the greenback plummeted to a
posi-World War II low against the
German mark. On Monday, it de
clined further, bouncing around 1.40
marks.
ao lar me rcu, jomeu oy Diner
central banks, has attempted to prop
up the dollar’s value through inter
vention — in thiscasc the coordinated
buying of dollars and selling of marks.
If intervention fails to restore order
to currency markets, the Fed’s only
alternative would be to raise U.S.
rates. Higher interest rales make dol
lar-denominalcd securities more at
tractive to foreign investors, increas
ing demand for the dollar and thus its
value.
That would be bad news for Presi
dent Bush who, in campaign speeches,
has been pointing to low interest rates
as an economic bright spot. That also
would be bad news for the thousands
of homeowners who had not gotten
around to refinancing their mortgages
and to prospective homebuyers who
have not yet found a house.
Since the Federal Reserve’s last
casing move in early July, rates on 30
year fixed-rate mortgages have fallen
from around 8 1/2 percent to 7 7/8
percent.
Ironically, Bush may have helped
trigger the dollar scare with his cam
paign promise to cut taxes, and with
his emphasis on the need for the United
States to boost its export sales, econo
mists said.
Also, Bush’s strong emphasis on
exports implied to some foreign in
vestors that the administration would
not mind seeing the dollar decline. A
lower dollar can encourage exports
by making U.S. goods cheaper on
overseas markets.
The much more fundamental rea
son behind the dollar’s drop, econo
mists said, is the wide differential
between U.S. and German interest
rates. The Federal Reserve has fought
the economy’s slump by bringing the
federal funas rate, the rate charged on
overnight loans among banks, to 3.25
percent. The German Bundesbank,
on the other hand, has pushed up its
equivalent rate to 10 percent in an
attempt to wring inflation from the
economy of the united Germany.