Professors share impact of work


Ten of Notre Dame’s most exciting and engaging professors shared the impact of their work in the first “ND Thinks Big” event Thursday evening in the Mendoza College of Business. The event was co-sponsored by the Center for Undergraduate Scholarly Engagement (CUSE) and The Hub, a student-run website which promotes academic engagement online about issues in the Notre Dame community. Paul Barany, co-chair of “ND Thinks Big,” said students chose the nine professors and one administrator who spoke at the discussion. Mike Collins, the distinct voice of Notre Dame Stadium, served as host and moderator for the event as well. “The editors of The Hub got together and picked the different speakers to invite,” Baranay said. “We knew we wanted someone from each of the five colleges and one from the administration; we knew we wanted older and younger people who are experienced and people who are up-and-coming.” Lou Nanni, Vice President of University Relations, opened the presentation with a speech titled “To Dream Big, Remember Where You Came From.” The talk reflected on the history of the founding of Notre Dame. Jessica Hellmann, professor of the biological sciences, said the need to reduce the emission of greenhouse gases in the atmosphere was imperative in combating climate change. She also said students should each reevaluate their view of nature and their interactions with it. Economics professor Michael Mogavero addressed the 10 major mistakes universities make in implementing strategic plans. The most important mistake to fix was the failure to build a campus community with fundamental trust between faculty, students and staff, he said. Corey Angst, assistant professor in the Department of Management in the Mendoza College of Business, said the pilot program for Apple iPad and Samsung Galaxy Tab use in classes was highly successful. The program was introduced to certain Notre Dame courses in the fall of 2011. Angst said his entire class was completely paperless and promoted environmental-friendly education. All books, tests and homework were completed electronically, he said. Aaron Striegel, associate professor in the Department of Computer Science and Engineering, discussed the benefits of video games in rehabilitation. The ability to measure rehabilitative progress in patients is often limited by the high cost of effective medical instruments, he said. As a solution, medical trainers can monitor the recovery of their patients by having them play gaming systems such as the Wii and the “Cloud” virtual computing system. Peter Garnavich, professor of physics, delivered his speech, “The Revolution Continues,” which traced the history of human understanding of Earth’s location in the universe through the discoveries of Copernicus and Edwin Hubble. “Earth is located in the suburbs,” Garnavich said. “We are the South Bend to the Chicago in the galactic universe.” The event was recorded and will be made available online at The Hub website. read more

Board supports Foundation plan to amend the IOTA rule


first_imgBoard supports Foundation plan to amend the IOTA rule April 15, 2001 Managing Editor Regular News Board supports Foundation plan to amend the IOTA ruleMark D. Killian Managing Editor The Board of Governors has given its unanimous support to a Florida Bar Foundation plan to open the IOTA program to financial institutions other than banks and require those holding the trust accounts to pay interest rates or dividends commensurate with those offered to their non-IOTA depositors. Foundation President Ham Cooke told the Board of Governors March 30 in Melbourne that the proposed amendments to the IOTA rule which must be approved by the Supreme Court have the potential to double the money generated by the IOTA program. Cooke said low interest rates and high service charges over the past 10 years have reduced IOTA income from about $19 million per year to $11 million, forcing the Foundation to cut its legal aid to the poor grants by 32 percent over the past two years. “Our board has taken that very, very seriously,” Cooke said. “We wanted to do something to be as proactive as we could in trying to increase the return that IOTA is receiving.” To do that, Cooke said, the Foundation will soon petition the court to amend the IOTA rule to allow financial services companies such as Morgan Stanley Dean Witter or Merrill Lynch to hold IOTA accounts. The change also would require any institution that wants to handle IOTA accounts to place IOTA account funds in products paying the same market rate of interest or dividends available to non-IOTA depositors when IOTA accounts meet the same balance and other requirements. Authorized investments would include FDIC insured accounts, daily bank repurchase agreements (REPOs) or money market funds. Currently, IOTA funds can only be held in federally insured checking accounts or REPOs. The IOTA rule amendments being proposed by the Foundation make no change in the current requirement that all nominal or short-term client or third-person trust funds be invested for IOTA’s benefit. But, as always has been the case, attorneys and firms have a responsibility to make large or long-term trust deposits productive for clients whenever practical. Cooke said adopting the change could generate as much as $25 million annually for the Foundation and “allow us to then fund legal services at the level we did 10 years ago.” Bar President-elect Terry Russell urged the board to support the Foundation’s plan, which he said would “enable the Foundation to regain its footing” and provide more complete provision of resources to legal service organizations. Russell noted that since IOTA’s inception, the program has generated more than $156 million for legal aid, administration of justice, and law student assistance programs. In putting the plan together, Cooke said the Foundation worked to put the onus of meeting the new standards on the financial institutions and the Foundation, not the lawyers. Even by requiring that IOTA accounts earn the highest interest rate or dividend available to non-IOTA depositors with comparable balances at the same bank or financial services company, IOTA still is voluntary for institutions, Cooke said. But, by meeting the interest or dividend standard, banks would become eligible to hold IOTA accounts, and lawyers and firms would be required to deposit IOTA funds only in eligible institutions. As part of the plan, the Foundation also will independently work with banks and financial service companies to develop appropriate products which comply with the IOTA rule, Cooke said. That will include providing the banks with computer and technical support needed to remit IOTA earnings to the Foundation and conduct the required reporting. The Foundation, not the lawyer, will be responsible for monitoring usage of banks’ and financial services companies’ existing products available to non-IOTA depositors, with respect to rates being paid on individual attorney and law firm IOTA accounts as reported by the Foundation on IOTA remittance reports, in order to determine compliance with the IOTA rule. The proposal calls for no action to be required of law firms by the proposed amendments to monitor their institution’s compliance, and unless an attorney’s or law firm’s bank becomes ineligible to hold IOTA funds because of its unwillingness to place IOTA account funds in products in compliance with the rule. In that instance, the Foundation would advise the attorney or law firm that their financial institution had become ineligible to hold IOTA funds.last_img read more

Ghana League Cypher:Hearts of Oak better off keeping Coach Herbert Addo for season’s remainder


first_imgThe calls for the dismissal of Accra Hearts of Oak head coach Herbert Addo reached an all-time high following the Phobians loss at the hands of Hasaacas. With nine games to go in the First Capital Plus Premier League, are the Phobians better off doing away with the services of their trainer or will their persistence to see Herbert handle the team for the remainder of the campaign pay off?Watch Supersport/GPL Commentator, Willie Graham ,Coach Eben Sefa and Seidu Adamu discuss the impact both scenarios will have on the rest of the season for the Accra giants on this week’s edition of the Ghana League Cypher anchored by Joy Sports George Addo Jnr!Watch Videolast_img read more