Signpost (Weber, Utah), 1986-04-111
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Friday, April 11, 1986 Vol. 46 No.43 Fee, tuition hikes walk into summer DCIII . W UO LEAD' ' , -- Mif MA Q iTr J J. - ' " :' j m a at J r i - M i l - I Lw' k-4 fc - - - f '- Local consumers have been enjoying lower gasoline prices the past few weeks. Economists say the lower oil prices could be permanent. Oil prices find natura I level by Chris J. Miller Managing Editor. Editor's note: This begins a three-part series on lower oil prices and their effects, both positive and negative. The first installment deals with the history of oil prices and some overall projections for the next few years. The recent drop in oil prices promises a good economic time in the next few years, according to Dr. John Hoftyzer, associate professor of economics at Weber State, and the positive effects should far outweigh any adverse effects. "We're in for a great economic time for the next four years," said Dr. Hoftyzer. "I tell my students to enjoy the ride. I think we're in for a good time," he said. But the lower prices won't benefit everyone. Dr. Hotyzer recently spoke to a group of home builders in Evanston, Wyoming. The news he told them was not very encouraging. There are some groups of the economy who will suffer with the loser prices. Many banks will have problems, as will national oil producing companies. "Basically, what we are seeing is a mirror image of the 1970's," Dr. Hoftyzer said. "In the 70's, we witnessed a recession and its attributes as a result of the ever-increasing oil prices. The Gross NAtional Product (GNP) was down, incomes were down, and interest rates and unemployment rates rose. "Now we are going to have the mirror effect. Unemployment should go down, and the stock market is going up now," he added. "It'll be good, except for the oil patches (oil producing areas), who boomed in the 1970's. They'll see the declines." For Dr. Hoftyzer, who spent six years in Saudi Arabia during the boom years of OPEC (Oil Producing and Exporting Countries), the lower oil prices were something that was bound to happen eventually. With OPEC less powerful than before, prices should be able to stabilize on their own. Dr. Hoftyzer feels that oil- per-barrel prices should stabilize around $15-20 dollars per barrell. Dr. Hoftyzer went to Phahran, Saudi Arabia in 1978 to instruct at the University of Petroleum and Minerals. The University was founded in 1965, and was designed to replicate an American university. The main subjects taught are engineering and business. There were approximately 5,000 students who were each paid $300 a month to attend. The school's budget was $300 million. Dr. Hoftyzer witnessed some of the most prosperous times ever in the Middle East before returning to the U.S. in 1984. "I remember seeing people walking around with suitcases full of money. These were really boom years," he said. Dr. Hoftyzer said during that time the government started a tremendous modernization program that transformed Saudi Arabia from a desert country to one of skyscrapers, freeways, and huge building complexes.The next installment will discuss the effect that oil prices will have on the American consumer, and what the future holds for oil prices. by Loretta Park News Editor Full-time students can expect to pay $26 more per quarter for tuition and fees starting with summer quarter. A tuition and fee increase of 5.9 percent for the academic year was approved by the Weber State College Institutional Council Tuesday. Students will pay $15 more in tuition and $4 more in fees. A one-time $5 surcharge for library acquisitions will be deleted. A one-time $7 surcharge for computer literacy was approved by the council. The Utah State Legislature appropriated $311,600 for academiccomputing equipment. The WSC president's council approved a proposal that gives $200,000 to ASWSC for computer literacy and $116,000 for academic equipment. The ASWSC senate proposed that students would match the $200,000. Students taking 10 or more credit hours will pay $7 per quarter next year and part-time students will pay a graduated smaller amount with $1 being the smallest amount. "Students at Weber State have made a committment to keep quality education on the campus," said Dr. Jerald T. Storey, WSC vice president for business affairs. With the proposed increases, students are paying between 20 to 25 percent for their total education, according to Dr. Storey. This is the lowest percentage in the nation. Utah taxpayers pay more percentage-wise for higher education than any other state, he said. New students who plan to live in the residence halls next year will pay $20 to $30 more per quarter next year. The council approved the increase in room. The food plans will not be increased next year, but Campus Life expects to eliminate the "'bonus' of $60 in coupons that were given to all students on Plan I." The increase in room rates represent an average of 5.66 percent increase in room rent for new students. The rates assume a continuation of the rent freeze program for students who live continously in the residence halls, except during the summer. In other business: The council was notified that the Utah Board of Regents would be meeting on the campus in June for its monthly meeting and to evaluate Dr. Stephen D. Nadauld, WSC president. The college will be celebrating its 100th birthday in 1989, according to Dean Hurst, WSC vice president for college relations. The contractors have moved inside the new Allied Health building and have most of the concrete poured. The fire alarm system in the Swenson Gymnasium is almost replaced. ASWSC candidates make initial presentations by Chris J. Miller Managing Editor J tdb Students were given their first chance to meet this year's ASWSC candidates yesterday during ODen hour. Meeting in the UB Lobby, candidates had the chance to briefly present themselves and outline their abilities. Monitored by Monette Hurtado, the principal debate was mainly an opportunity for students to place a name with a face. Most of the candidates mentioned personal asccomplishments, and some gave brief mention of their positions. Since there are only four races that will require a primary, attention was not heavy. Several races have had changes as two students were forced to withdraw because they did not meet the 2.5 grade requirements. Another student, Ray Bertoldi, withdrew because of time commitments to his fraternity. Bertoldi is president of the Pi Kappa Alpha. Because of the changes, Cordelia Able will now run unnopposed in the Native American Students Senator race. Alan Huss moved over to run unnopposed in the Residence Halls race, leaving Greg Ostler unnopposed in the Technology Senator race. The four primary races (Academic VP, Executive VP, Allied Health Senator, and Arts and Humanities Senator) will now prepare for the elections April 15 and 16.
|Title||Signpost (Weber, Utah), 1986-04-11, Vol. 46, No. 43|
|Creator||Weber State College|
|Contributors||Associated Students of Weber College; A generous grant from the Utah State Library and the Institute of Museum and Library Services.|
|Description||Weber's current student newspaper, the Signpost, first appeared on September 29, 1937. For two years prior to that time, campus news was disseminated via announcements posted on a bulletin board known as the "Signpost". As a result, the masthead of the first issue of the paper itself featured a rudimentary wooden sign with the title spelled out in rustic-looking letters. Over the years the paper has been published continuously, though the look, size and style has changed several times.|
|Subject||College student newspapers and periodicals; Weber State College|
|Publisher Digital||Stewart Library, Weber State University|
|Source||University Archives LD5893.W55 S5, Stewart Library, Weber State University|
|Rights Management||Public Domain. Courtesy of University Archives, Stewart Library, Weber State University.|