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Summit Fund
UbL armouni
By Chris Handal
A $35 million fund-raising drive to strengthen USC and
eventually the state was announced Friday.
The campaign is the first comprehensive fund-raising drive
in the university's history.
"South Carolina's economic survival depends on our ability
to prepare the work force to perform in a high tech environment
and on our ability to attract new industries and business
to this state," USC President James Holderman said.
1^1117 Ttinrr t;r? a n -J 11 i ai n !a t? i t
a ni\, inKE/L-ic.AK unve, caneu ine aummii runu, nas
almost collected half of the $35 million, Holderman said.
"The purpose of the Summit Fund is to provide the university
with the financial base to achieve excellence in all academic
areas throughout the Carolina system."
With one year remaining in the drive, Holderman said the
university expects to exceed its goal.
The money already received has come from various sources
including: $400,000 from the Allied Corporation, including a
chair in continuing education in engineering; a $500,000 chair
in economic theory, funded by a group including Citizens and
Southern Bank, Colonial Life Insurance Co. and the Hugh
Lane Foundation; and a $500,000 challenge grant from the
USC President James Holderman
Announces the first comprehensive fund-raising drive in the univei
Jamaica's prime it
By Chris Handal the Harvan
"A lot is riding on the future of Jamaica. number of f
It is playing a critical economic and political in governmi
role not only in the Caribbean but in Latin Edward Co
J ' * 1 ^ TUir/4 \\f r\r\r\ '' tParhpQ
(America ana, muccu, m wc nmu t.vi.w.
So begins a recent article in The Atlantic have not so
on Jamaica and its conservative prime
minister, Edward Seaga. And that beginning
accurately sums up the situation in Jamaica. .
Seaga, since his election Oct. 30, 1980, has !Tla-'(?r com
h changed the direction of his country from the ow ecausc
left to the right ?something unusual in the ^or re^es
climate of "leftist" upheaval in the Third hVStr^' ,eve
n-ij? I.J Bmnan'c aH- Manely s g<
world. frcsiucill ivunaiu ?
SCHKcl W
ministration has been aiding Jamaica in an ^
effort to prove left-wing solutions are not the ,e w.X 44^
only answers for the Third World. f ' sai '
J to two part
yes.
% BEFORE SEAGA was elected, Michael
Manely led his country toward leftist dogma. dicators,
8 -- < ^..i : tion rate a
He became inenuiy wim v^uua auu vimv.^w.
the United States. sa
The result was that many of the wealthier se<
citizens feared the imposition of a Castrolike much a rep
government and fled the country.
A worldwide recession coupled with bably have
violence on the island, which hurt the tourist
(industry, added to a sinking economy. ONE OI
Such were the circumstances that brought was Seaga'
ces $ 35 million fun
Plough Foudation of Memphis, Tenn., for scholarships in
USC's College of Pharmacy.
The drive also includes USC's faculty and staff, which has
set a goal of $1 million. Of that goal, $720,000 has already
been paid or pledged.
THE ENDOWMENT income from the Summit Fund will
be used to attract and keep outstanding faculty, recruit additional
"exceptionally bright" students, expand USC's library
holdings, equip laboratories with state of the art instrumentation,
encourage faculty and student research, and strengthen
certain priority academic programs currently underfunded,
Holderman said.
National co-chairpersons, actress Helen Hayes and Edward
Hennessav. Allied Cornoration board chairman, were on
hand to help with the announcements. State chairman for the
fund is former Gov. Robert McNair.
Hayes said she was contributing the proceeds from her radio
essays for Mutual of Omaha to the university for a
scholarship.
During her brief speech, she emphasized USC's role in the
arts not only in Columbia but at the nine branch campuses of
the university. She also complimented Holderman on his ability
to raise funds.
Photo by Laura L. Ftnjown
sity's history Friday.
linister changes coi
i-educated Seaga to power. "A
)eople had the view that a change news ana
ent...would cure these ills," said
x, a USC history professor who , < . L-i
.t r* uu , 1T. he said. A climate of stabili
irses on the Caribbean. They , , , ,
, , , . - ,, ed over the whole country,
lved them completely. . . , , , , ?
this has been able to restore c
economic turnaround.
>F the trouble is that bauxite, a "Crime has gone down,'
modity for the island, is priced tourism has rebounded."
r world production is up. Also the Also, many of the pe
sion is still hurting the tourist in- Jamaica under Manely hav
n though it has improved from said.
? - - ? ? f ?
overnment, Cox said. But the ouuook ior jam.
hen asked if he was pleased with clouded, Cox said. "Politica
Jamaican economy has progress- has stabilized some and t
iWe have to divide that question in- decreased.
s. For the first year, the answer is
"BUT THKY still have un
ned around all the negative in- startlingly high rate (about
including taking a very high infla- violence normally subsides
md reducing it to a manageable part on anybody's administ
iid. "The situation," Cox sait
:ond year," Seaga said, "was very main stable for another yea
eat of the first year. This year the we'll see some kind of viole
las caught up with us. We'll pro- But Cox also said violenc
negative growth." parcel" of the Jamaican po
The article in The Atlan
* the keys to Jamaica's recovery Jamaican political process:
s ability to stabilize the country, year, West Kingston's si
d-raising drive
^v. * 1
Co-chairperson Edward Hanitassy Ptet0 by L**'1 F*r9U$on
Allied Corporation board chairman, said at the announcement of the
Summit Fund all corporate citizens are committed to higher
education.
"(HE) CHARMS the birds right out of the tree," she said,
"to say nothing of the money right out of the pocket."
Hennessy said all corporate citizens are committed to higher
education, both high tech and the arts, in the United States.
"High tech cannot be disassociated from other disciplines,"
hp cnid
During Holderman's speech, USC's president touted the
need for improved graduate and research programs, a subject
that was the cornerstone of his speech to the faculty senate this
past month.
"THE IVfOST promising and effective way we can accomplish
these objectives is to underline the role of graduate
education and research in the Carolina system,'T Holderman
s aid.
"In the highly technical and ultra-sophisticated future
toward which, we are rushing, sometimes being thrown,
graduate training is tantamount to survivial."
This emphasis on graduate training can also help
undergraduate program, Holderman said.
"(Graduate studies) directly enhance the undergraduate
programs, attract talented instructors and students and
generally create an environment conducive to the development
of sophisticated industry and business," he said.
"WE ARE committed to providing graduate education of
high quality. The implications are far-reaching.
"While it is true and appropriate that undergraduate education
commands a large portion of the university's resources
and intellectual energies, the university's ability to cultivate
and retain undergraduates of high ability requires a renewed
emphasis on superior teaching, dedicated research and
strengthened public service."
jntry's direction
"l 7 ~ violence, as gangs raid the strongholds of
.AySlS their rivals, eager for the favors a victory for
their party would bring them."
ization has settj THE SEAGA administration has also been
a" ,as a critized for making the Jamaican economy
onfidence in the , . . ..
more dependent on the world economic
, , ??an(j situation rather than more self-reliant ? the
' course Manely seemed to be trying to take
the eonntrv.
op e woe Seaga said, "Jamaica has to build an
e returne , ox export-orienented economy. We must shift
ii . ourselves to be more export orienented.
* t' C "There are no truly (economic) indepent
y, e si ua ion countries except those living at a very
le vio ence as jevel economic sustenance. All countries
need to be interdependent."
But unless the Jamaican economy starts to
employment at a improve, Seaga may find himself in political
27 percent) and trouble. "If he (Seaga) does not get the
during the early economy moving rather briskly in a year or
ration. two it mieht be difficult for him to hold on
I, "is likely to re- to power."
,r or so and then
nee." SEAGA IS also aware of these dangers.
:e was "part and ??it WOuld have a negative effect," Seaga
litical process. said.
tic described the "Especially since the people have (already
"Every election
ums erupt into See Jamaica, page