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Volume 59 Number 13
Broke?
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The money issue the money issue the money
The coMUNdrum: Lovers in an Even sports isn’t Stay in school,
N.L.’s high debt economically recession-proof kids
and low tuition dangerous time See $sports p. 15 See $feature, p. 8
See $news p. 3 $opinions, p. 7
Cover Photo by Chad Young , Illustration by Elsa Morena
NEWS { Jan. 15, 2009
www.themuse.ca
Muse
Phone: 737 8919 Thursday, Jan 15, 2009
The
The Muse is a member of Canadian University Press (CUP). Established in 1950 as a successor to the Memorial Times (est. 1936), it distributes 12,000 copies weekly and is published by The Muse Publications Inc. The Muse reserves the right to
edit copy for length, profanity, content, grammatical errors and material that is unfairly discriminatory or which contravenes Canadian libel laws. Opinions expressed in The Muse are not necessarily those of the staff, MUNSU, the Board of
Directors, or the administration of Memorial University. Material within is copyright The Muse and its contributors, 2006. Permission is given for any member CUP paper to reproduce (giggady) and alter material for publication so long as the
original intent is not altered. The Muse is printed by Transcontinental.
Jan. 15, 2009
www.themuse.ca } NEWS
N.L. student debt
prevails despite
low tuition
CFS-NL casts critical eye on backend
funding strategies
By Ian MacDonald Manitoba also has a tuition fee student.
freeze and reduction strategy, “I would find that a bit
but students shell out $600 more skeptical,” said Smith.
A new www.muse.
ca coming soon.
we promise.
NEWS { Jan. 15, 2009
www.themuse.ca
Memorial’s Students’ Union aims to lower students’ expenses by pressuring profs to use cheaper
textbooks. Ken MacLeod
FIGHT COMBATTEZ
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Jan. 15, 2009
www.themuse.ca } NEWS
Since you’ve been gone
A roundup of campus news from the break
it was eight years ago, putting prototypes. Campbell goes through the
By Ian MacDonald and A report released by the $896 back into the pockets of The clickers allow faculty process of opting out step-by-step.
Kenny Sharpe Educational Policy Institute, students. to ask students a set list of As of December 2008, roughly 14
a non-profit education study multiple response questions per cent of Memorial’s work force
MacEwan maxes
out tuition
increases
“We’re still in the process of
By Justin Bell, Intercamp asking for degree money. We’ve got
our science degree and the board
CORRECTION
In “Government Adds Fire to Autonomy Flames” (the
Muse, Vol. 59, Issue 11) The Muse incorrectly indentified
Gerry Byrne, Member of Parliament as an appointee to
MUN’s Board of Regents.
In fact, it was Jerry Byrne, president of the DFB group
who was appointed. The Muse regrets the error and
apologizes for any inconvenience.
Jan. 15, 2009
www.themuse.ca } EDITORIAL
Crisis shmisis Mouth Off
By Krysta Fitzpatrick and Ken
MacLeod
While sitting down to write on the facts themselves. and think about it, they have to – advancement will become
articles for this special money When viewed from a different the province has the potential to available.
issue, I realized one thing: I’m angle, it’s even possible to find enjoy a period of unprecedented Sticking around here at school Are you
utterly sick of hearing about the a silver lining in the economic prosperity. will actually be a great investment
global financial crisis. It seems as
though for months all I’ve been
slump that we will face.
First of all, we’re all doing
The lessons we will learn in
times of financial hardship will
down the road.
I’m not telling you to delude
concerned
hearing are steadily worsening
reports of how fucked we all are.
basically the right thing: Staying in
school. The time, money, and effort
serve us well in fair weather as
well.
yourselves into thinking the
economic slump will be easy.
about the
If I, as a semi-hardened member
of the press, am finding myself
that we expend here at Memorial
could pay real dividends when we
Money management, frugality,
wisdom about the hazards of
News reports about the world
economy going down the toilet economic crisis?
depressed by all of this bad news, enter a shrinking job market. frivolous spending – will keep on coming, and they will
I can only imagine the mood of Banks may be reluctant to all these insights will benefit us all be true.
the general readership. extend credit to newly minted when the world economy kicks In order to preserve our
The fact of the matter is the graduates, but that will prevent back into gear. collective sanity, it’s important to
media looks to big stories like us from racking up more debt in While job markets may be consider the whole issue. It’s not
the financial crisis as a way to sell the form of car and home loans in tight and competitive in the short delusional to think that staying
newspapers, or to generate online a hostile economic climate. Each term, looming labor shortages – in school is the best thing to
traffic, whatever the case may be. financial decision we make will or limitless opportunities for do in times like these. Nor is it
I’m not saying that what the have to be done with prudence and employment, depending on your delusional to hold on to the hope
media is reporting isn’t true – it is. careful consideration. perspective – that this recession will not last
I’m saying that it’s important when Moreover, the economy won’t lurk on the horizon. forever, and that we may come
inundated by gloomy reports such stay bad forever, particularly in With baby boomers retiring out on the other side of it for the Carisa Collins
as these to examine the whole issue Newfoundland and Labrador. in droves, positions will become better. Second-year psychology
for yourself and base judgments When commodity prices rise – vacant, and opportunities for Nathan Downey Yeah, five people at my work got
laid off because of it.
Chris Bruce
Third-year political science
Barack Obama is my opium.
Ken MacLeod
The Loch Sex Monster half price. Not a bad deal. throwing on some lingerie, and But what about the sex toys?
By Krysta Fitzpatrick Still out of your price range? breaking out the sex toys, it I don’t know if you’ve been into
There are a lot of great affordable can often cost a pretty penny. Our Pleasure lately, but that stuff
Managing and limiting credit can be very helpful for office at the University of Manitoba of that is perception. Of course, you’re looking at 18 to 25 per cent
students, you just have to be strongly encourages young things could always be more interest and maybe even more,”
student debt very careful,” he said. “It’s really people to consider applying for streamlined, but we are working said Domes.
important for students that they a Canadian government student on that, and we will work with “I think the student loan is
With the global and national don’t just make [the minimum loan and firmly believes that a students every step of the way to still the best option available to
economy in such dire straits, payments], but that they are student loan is the best financial help them get the aid they need.” students as long as it meets their
many university students may find paying their bill off in full every assistance option available to “Plus, with the new online needs. Beyond that, we have
that they need assistance to help month.” university students. and electronic programs that we a student loan special for our
cover the cost of tuition or to pay Despite the potential benefits of “The government student loan have, the student loan process can members, where we will top up
for their rent and groceries. credit card use, professor Lobdell is almost always financially better actually be quite seamless,” Stone their Canadian governmental
But in light of the predicted feels that the risk of racking up a for students because to start, there added. “We are here to help the student loans and we have
large-scale job losses, banks and huge debt greatly outweighs the is a very low rate and secondly, as students.” subsidized rates that really cater
credit card providers have become positives and suggests that students long as the student stays in school, David Domes, the manager to our students’ needs.”
increasingly selective in giving out look instead towards either local the rate stays the same and there is of the Sanford Credit Union in Finding the financial assistance
loans. credit unions or the government no obligation for them to pay off Manitoba, accepts that government plan that’s right for you is often
As an alternative, many banks for financial assistance. their debt,” Stone said. student loans are often the safest a critical step in helping you
and credit card providers have “Credit cards are just so Stone also addressed the issue and most practical choice for enhance your human capital.
also increased their interest rates dangerous so I think you are much of how applying for a student loan students, but points out that most But along with nearly every
substantially in an attempt to better off to go to a credit union is perceived by some students credit unions have plans in place other matter pertaining to your
recoup some of their losses. or to apply for a student loan,” he to be time-consuming and for students to receive further economic well-being, finding the
For this reason, Compton said. “The student loan business complicated. assistance when their government plan that fits your needs takes a lot
stresses that while credit cards can is a lot better than it’s made out “From talking to students, we loans are still not enough to cover of foresight and planning.
be beneficial for students looking to be and credit unions really try have found that a lot of them are all of their costs. Carefully budgeting your
to establish a credit rating, the key to make your life better and are going towards private credit lines, “Where student government finances and planning ahead are
is in establishing a great credit also more flexible [than the big because from what I have heard, loans sometimes have zero per both especially important in a
rating by using your credit card banks].” many of them feel that the student cent interest for now, and we recessionary period, when your
both prudently and responsibly. Barry Stone, the acting director loan process is complicated and and other credit unions have expenses are rising, but resources
“Using a credit card to establish of the Financial Aids and Awards cumbersome, but I think a lot very low rates, with a credit card, are often harder to come by.
Jan. 15, 2009
www.themuse.ca } FEATURE
ion, the post-secondary edition
Budgeting, planning, have a solid game plan with your budgeting. He says this money However, Kavita Joshi, director tumultuous worldwide financial
finances, and the reason I’m should be left in a high-interest of student markets at RBC, points situation, good planning and a
budget i ng , a nd such a big advocate of budgeting savings account so it grows in the out: “The challenge is creating detailed budget can still get you
planning and planning ahead is because meantime. a budget that’s realistic and a long way.
it prevents forced error,” Baker “Its important that students practical.” “With a good plan and a little
There are different methods said. have enough cash to pay for Joshi suggests that students discipline, you may even manage
that can be used to budget your “When you don’t start out the their short-term expenses like should split their expected to have some money left over.”
finances, but the basic idea is school year with a solid plan, then their rent and groceries, but it’s expenses into two separate Baker also notes that young
to accurately record all of your you may find out at the beginning best to invest your money into a categories. people should avoid losing too
expected expenses over an of March that you have run out high-interest savings account so “To start, you should have fixed much sleep over these tough times,
allotted timeframe, versus your of money, and then with exams your money doesn’t just sit there,” expenses like rent, tuition, and as poor economic conditions are
expected income over that same and things, it can become a real he said. other things that you need to not going to last forever.
timeframe. scramble.” According to a new poll from pay for each month. Then, make “I do think that this is certainly
You can then work out a plan Baker believes students should the Royal Bank of Canada, about another list of variable expenses a big wake-up call, but everything
on how you are going to cover the plan to leave a significant portion 79 per cent of all Canadian such as groceries and clothing; is cyclical so even if there are
difference. of cash available to pay short- university students say they plan items you need, but the costs can some rough years ahead, history
“It’s more important now than term expenses and help cover on budgeting their finances in vary from month to month.” has shown us that things always
ever to think ahead and really any errors made in long-term some way this year. Joshi explains that in spite of a come back better.”
Photo by Ken MacLeod, Layout by Elsa Morena
10 ARTS & CULTURE { Jan. 15, 2009
www.themuse.ca
Chad Young
Jan. 15, 2009
www.themuse.ca } ARTS & CULTURE 11
Arts on the cheap By Sarah King
Money! Debt
12 DISTRACTIONS 16. A frame on which clothes are
air-dried
{ Jan. 15, 2009
www.themuse.ca
designer; Johnson
50. What most of us like to do after 30. Terrible reality show ___ Idol
a long day
32. To steal
53. Someone who devotes his or
her life to over indulgence 33. To administer extreme unction
onto
57. Hebrew word meaning “dog”
34. The part of a cow’s body that
60. Beside the ball, you need these milk comes from
to play soccer and basketball
35. A minor pain
61. What MSN messenger is
commonly used for 36. A large tribe of North American
aboriginals
62. Free Word: acerb
39. A different type of spelling of
63. Where Chip and Dale would 42 across
live
40. To form a circle around
64. Flowering plants that usually
grow from bulbs 45. A rise in the body’s temperature;
plural
65. Popular American fashion
47. The opening at the lower end of
the alimentary canal
Teach English 49. The other famous Kennedy
brother
Overseas 50. To give audible expression to
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