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Show t - Daily Utah Chronicle Friday Mareh 10,1995 IT To KZlJPDGint Neal Gunnarson proliferating enough hatred Chronicle Editorial want the word out that illegal aliens are curb illegal immigration. ttWe Gunnarson told The Salt Lake Tribune, The images and the impression that "The message has to get out that if someone Enough tacky campaign slogan Gunnarson left was clear: Latinos are nasty comes to Salt Lake County, they will not be has never been more applicable to anything than people that come to this state and sell drugs. treated as someone coming through on vacaLake Salt Once again, one of society's leaders has tion." to the County attorney's own policies. It seems that Mr. Gunnarson is doing every- failed to be a role model of responsible judgSo much for the 2002 Olympics. But poor hospitality aside, Gunnarson needs thing in his power to exploit public fears about ment. With questionable motives, Neal illegal aliens and distort the, picture of Utah's Gunnarson has fueled the flames of xenopho- to learn that Latinos, and even illegal immiLatino community. dealers corbia; in an attempt to impress uptight voters, he grants, are not all illegal aliens. Clearly there rupting America. His casual manner of emphaAccording to The Salt Lake Tribune, has are more productive things this man can do sizing the poorer aspects of Latinos is disturbGunnarson recently orchestrated a not welcome in Utah," Gunnarson said. is enough!" system-suckin- g over-generaliz- ed full-sca- le assault on Pioneer Park, busting supposedly Latinos left and right. After the ious-looking cops had finished, 60 people were arrested and detained, including 37 Mexican nationals. Gunnarson is throwing the book at all of them. At the scene, television cameras apparendy suspic- caught the action and then interviewed Gunnarson. The TV images portrayed tri- umphant cops hauling off cuffed Hispanic druggies in an ostentatious show of corny machismo that could rival Rter and the Wolf. CbronicleLetters with his time and influence. First we must ask, "Why did Gunnarson arrest the whole park with cameras rolling and while making generalizations about Latinos?" Was it really to help find solid, cause-basesolutions to the drug problem? Most likely, this was just political posturing to appear like a hard-as- s Republican in front of voters. We hope only the most simple-minde- d will it. antics will Gunnarson's more not buy keep the off over people drugs long term, nor will it d ing. Though Gunnarson claims he's not stereo- typing, the comments and the images continue. This is irresponsible leadership. Doesn't Gunnarson have anything better to do? Can't he crack down on a few deadbeat dads or child abusers? Salt Lake's county attorney needs to get to work on real problems instead of taking the easy path of alien hate-mongerin- g. iJie Chronicle is an independent student newspaper. Unsigned editorials reflect the majority view of the Editorial Board , Undergrad excellence I believe everything I was quoted as saying in your March 9 article about the benefits of President Arthur Smith remaining here to continue initiatives he has supported on campus. There was a concept spoken but not communicated in the article which I'm sure President Smith agrees with, and that needs to be dear. While I communicated this in writing to the reporter, I obviously failed to make the context fiTffFJ nmlSU H lljHNE I I THERE'S NO SUCH TH1NQ AS A BOOQ1E MAN WHO cpWes and steals Foc EsS figgszc t7f Jr I J I I I I clear. Undergraduate reform efforts started on this campus at the latest in 1987 when the Bennion Community Service Center was established. In 1989, under Chase Peterson, the faculty assumed leaderthe undergraduate curriculum. That Academic ship in Senate effort culminated in recommendation to create the position of undergraduate dean, which I now hold, as well as a series of recommendations about curriculum. Those recommendations and their implementation will be discussed at a Faculty Rendezvous on April 6. My office has built on good work done by the faculty and continued to ask for direction. Undergraduate education here is truly a faculty effort. When I was hired by Jerilyn Mclntyre (I began here only two weeks before President Smith arrived), I was charged with the task of creating the Center for Teaching and Learning Excellence and creating better experiences for students. Certainly none of this could have happened without the active support, encour- Vice-Preside- see "Keele" on page 9 debate a quiet riot Glass-Steaga- ll Doug Gibson FDIC-insure- deposits. Eventually, d - and profits - motivated temptations banks to enter the securities arena. Increased customer interest also Chronicle Editorial Columnist may not be as big an issue as entitlements reform, but whether Act or not to repeal the insurance has banking, securities, and consumer interests in a lobbying Glass-Steaga- ll batde. enacted in 1933, commercial banks from prohibits insurance securities firms or owning restrictions The same companies. apply for securities and insurance interests. At that time it was thought a clear separation of powers amongst the three financial providers would provide a hedge against another Glass-Steagal- l, depression. For years banks avoided securities, limiting customers to CDs and other try guidelines for banks regarding customer disclosure and knowledge requirements. This will weed out rogue brokers. Also, the regulations will assist bank brokers to better explain investment risks to s third-part- y GOPfavors ending and that Larger banks form investment subsidiary firms to sell "Retirement CD," an FDIC-insure- d product similar to an annuity, but more restrictive because it requires that a specific portion of an investor's capital, upon maturity, be paid out in an income stream. With a regular annuity, cashing out the entire lump sum upon maturity is an option. The insurance industry, par- ticularly independent agents, resist bank involvement in Glass-Steaga- ll, ing. Washington Banks have also created the professionals have set stringent indus- prompted banks' entry into securities. The rapid growth of mutual funds in the past decade has added millions of middle-clasinvestors. A bank can't own a securities firm, but many form alliances with 'The providers to sell securities in the bank build- in annuities. The matter reached the Supreme Court earlier this year, which sided with banks. It's important to remember that no securities or annuities are actually sold by a bank. unlikely alliance with the Clinton administration should securities. This also complies with require- - OSSUrC pOSSOge. ; ments. Banks' involvement in securities has been fairly sucstill prohibits k that. As mentioned, the sales are Banks also have entered the cessful, with a few exceptions. Many s or subr customers, lacking sophistica- - ance market by selling annuities. In either through sidiaries and are transacted in a sepation, thought stock and bond funds most annuities, a customer invests were when they trans- - money over many years. Upon rate area from normal banking proceferred CD monies. Some banks face dures. retirement, a lump sum is paid out lawsuits from these disgruntled along with a payment stream of Changes in Back to investors. Last week income for the remainder of the U.S. securities tomer'slife. and Treasury Secretary Robert regulators Glass-Steaga- ll Glass-Steaga- ll insur-ban- third-partie- FDIC-insure- d Glass-Steagal- al Glass-Steagal- l. l? D.C. Rubin, speaking for the Clinton aclministration, proposed abolishing Insurers howled, consumer groups (of the Ralph Nader variety) shrieked, but it looks likely that some action will happen, probably in 1996. The GOP favors ending Glass-Steagal- l. Glass-Steagal- l, and that unlikely alliance with the Clinton administration should assure passage. Consolidating bank, securities and insurance industries would provide immense customer convenience. A person could walk into a bank, deposit $500 in a checking account, $500 in a mutual fund and purchase insurance in a matter of minutes. Today, that procedure usually requires that a customer visit two, sometimes three separate businesses. In order to avoid financial debacles similar to the crisis, it's still important that banks take appropriate action to ensure that no customer monies be used to prop up more risky securisavings-and-loa- n FDIC-insure- d ties investments. |