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Show 6 THE SUMMER UTAH CHRONICLE JUNE 5, 2003 UK esearcner Analyzes Cycles of orrowin g and S pending in Anieric Study Says Consumers Simultaneously Do Both to Reach Goals tor Heather Spencer of family and consumer and forced retirement accounts, and 2,200 were simultaneously borrowing and saving money. "Not much has been done in this area. We found no other study," said Fan, who has been doing research on consumer behavior for 10 studies, as part of her master's thesis, and Jessie Fan, associate professor in the same department. More than half of American households engage in simultaneous saving and borrowing. The desire to have an emergency fund, investment reasons, saving for a down payment, the years. Fan says this information is helpful to financial planners who need to understand the factors which influence the saving and borrowing of desire for and the desire to have money to leave to one's children were all factors contributing to why the majority of U.S. households borrow and save money simultaneously, according to the study. The data for the study came from the 1995 Survey of Consumer Finances. Of the respondents, 1,434 were those who had savings and no debt except a mortgage, 388 had debt but no savings, except checking accounts self-relian- Jake Gundersen Chronicle Staff Writer One might wonder why anyone would borrow money if he or she had sufficient savings. A new study at the U probes the reasons why people would engage in this seemingly contradictory behavior. The study was conducted by associate instruc- - were to his current home in the Wasatch Mountains. "I think it's always interesting to see where your roots are," he said. From Trento, he flew to Israel to accept the country's most prestigious award, the Wolfe Prize in Medicine, from Israeli President Moshe Katsav. The Wolfe Prize also carried a $100,000 award for him and his two CAPECCHI continued from paqe 1 the woman who had rented it to his mother. She showed the couple a pile of books and papers saved from the original house, including a large stack of poetry Capecchi's mother had written 60 years ago. Capecchi was amused at how similar the mountain surroundings money. Bryan Wilson, a U senior studying graphic job in order to pay for design, has a part-tim- e school. "All my friends that have loans have enormous amounts to pay back. It becomes a staple. I've stayed away," he said. jgundersenchronicle.utah.edu chi and his wife were assigned special drivers and escorts. "I felt safe, but there are lots of places people don't go to anymore, like markets. Tourism is extremely low and scientists don't visit there much...they're fearful." The awards were presented by President Katsav and the Knesset, which is the Israeli legislative body. Capecchi said he was very impressed with the murals, tapestry er Because of safety issues, Capec JL WW v - and stained glass by Marc Chagall in the chamber. During his stay, he gave lectures at the Hebrew University in Jerusalem as well as two other universities. Despite heavy security, the couple was able to do some sightseeing. "It's a very interesting and beautiful country...the people were very hospitable," he said. akirk chronicle, utah. edu dll LfCuBlIiiJJi fl . sin OTBALL FAN CLU Premium seating for members Free events before, during and after home football games Reserved seating so you can enjoy Free Fan Club pre-ga- T-sh- me tailgate parties irt $20 membership fee Non-stude- guests $42 season tickets ($7 per ticket) nt Sign up today!! m 7 mi 1 itIBG.MlIlfi-iiJMKM- I r I I & ; Li I zrz I i; J 1 1 C- I 1 A 1 LfcD - 'utinW I I mm Hasnain It's a small world. Especially if you were ever a student of Patricia Kauffman. Kauffman, who served as a teacher at Springville High School for more than 35 years, was recently honored with the creation of a scholarship in her name. U research assistant professor Neil from who Cotter, graduated Springville in 1975 and was in Kauff-manAP English class, donated $5,000 for the award. According to Cotter, Kauffman had such a positive impact on his life, he 's had thought about establishing the scholarship since his high school graduation. "I just felt like she was an extraordinary teacher," Cotter said. He's not the only one. Randy Jensen, U assistant professor in neurosurgery for the School of Medicine, is also a former student of Kauff-man'"She's an outstanding teacher. She expected a lot from her students," Jensen said. "I was shocked," Kauffman said, who was notified about the award by the Nebo Foundation for Excellence to whom Cotter made his donatioa The Patricia Kauffman National Honor Society Scholarship is awarded in a $500 prize each year, with the first scholarship awarded in the beginning s. Kauffman as a teacher, they have never met each other. Jensen was not even aware that such a scholarship had been created in his former teacher's honor. Nonetheless, just like Cotter, Jensen was one of the students with whom Kauffman stayed in touch after graduation. Cotter attributes Kauffman's guidance in being accepted to Stanford University. According to Cotter, donating the money "feels wonderful, and you wonder why more people don't do it. It's not that much money, but it can make a big impact in other people's lives," he said. "Of all people, I think she exemplifies what the best teachers in the state are like," Jensen said. ahasnain chronicle, u tah. edu continued from page hA ? r I All Chronicle News Editor ASUU www.alumni.utah.eduuffc.htm MM Scholarship of May. While both Cotter and Jensen had x If: u Prof Donates $5,000 for U 1 boards and with other organizations. Valerie Green, the U's International Student Advisor, said the international students would benefit ASUU. "I was really excited to see ASUU taking the initiative to get students involved. It's good to see that an administration made a promise and are now really following through," Green said. Green adds that although the week is a great start to introduce both international students and U students to each other, the real test will be if bonds form between ASUU and international students. "It shouldn't just be a great party, but lead to dealing with issues like student involvement in volunteering to help international students with language skills," Green said. Feeling welcome when first entering the country and campus is important for the new international students to feel, Saleh said. "International Week is a good start, but I think they are still missing what we want. It seems like their intentions are to introduce Utah to international students, not international students to Utah," she said. sbaghbanichronicle.utah.edu |