THE DAILY COLLECIVN Chloe Elmer Co, ,e,hd - Ray Kurzweil speaks about technology in Schwab Auditorium on Tuesday night as part of the Distinguished Speaker Series. Speaker discusses future technology By Sarah Peters Acclaimed author and in Tom' Bay Kurzwell hf • ih become an invent;:r and considers d since age six. ,in( doing what he lo‘ Now HI his to a crowd of dents, factilt'. yonif!iunit\ members Auditorium. hui second speaki•r t.hy Programmin Distinguished and spent LE-4 discussin2 rather il - ifof informafilAi t care. rolic.l,c r Kurzw(.•il approach 1: tit to the . old pal :4111,_ tally InL; :We 1 - Live ];lt arid %ye new lw,vc Hi L ;p-: change Kurzweil The -;ininkini •.; an expon( puttine. our horh,—. Emotional intelligence is the cunnin, , 2, cd, , -2e of human inlelli Kurzweil said. - That is here we excel. There is some thing; special about human 't)f.inL , •,. We are the only species that ,foes beyond Our limita tions ffientioni:‘, ;Al an elect! jc ;ii,,ut • 1- J blood et.]: to hold tilt it sprint or - pool ~~~ ; ~- l - ~ ~~i'Slr;A I - i 1 I k kk ( "IP' ir . . , AIA ' lir ~'~w aa,Yy f ,RtVMS .7 f:' :Ind business) said the biotech nology portion of the speech ood out to him. It's pretty crazy that he was saying that you could not breathe ior 15 seconds and run a sprint." Pitts said. "It'd be interesting to <ee if that actually happens in 30 osars or so." =BEE We do have the information to get us to a tUture point, which will iet us to a future point, and so on, that will get us to the point where we will have the technology to live forever. - Kurzweil said. Kurzweil also discussed the --lirinking of technology. One day. lechnolog - ,y will he available to e mail someone a blouse or solar panels. because all physical reali ty will become information tech nology. Kurzweil said during a pres conference before the ent Robots were also among the topics 01 discussion Tuesday night. Kurzweil said computers are already better than humans w hen it comes to intellectual rea soning, but that humans are supe r - ior in interpreting and express in int.; emotion. MEESE t f • t svpso7l@psu.edu LOCAL UPAC releases allocation totals By Kathleen Loughran COLLEGIAN STAFF WRITER The University Park Allocation Committee released its allocation totals Tuesday for the 2009-2010 school year Though UPAC Chairman Mark Donovan said the numbers have always been made publicly avail able, this is the first year where an official report graphically dis plays the numbers. "It's a more succinct way for students to see the value that their activities fee is creating on campus," Donovan (senior-politi cal science) said. "It's something we felt was in the best interest, but it wasn't in reaction to any specific event." Student Programming Association Events Director Matt McKnight said the new graphic Agency to break down financial aid By Katie Derkits FOR THE COLLEGIAN Elizabeth Warren wants col lege students facing loan and credit card debt to know they're not alone. Warren, assistant to the President and special advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau, hosted a con ference call with college and uni versity students Tuesday to dis cuss how the bureau's new policy the Dodd-Frank Wall Street Reform and Consumer Protection Act would impact young Americans. Financial aid education is a main tool the agency looks to improve upon, Warren said. The agency will help younger Americans interested in obtain ing credit or loans by providing them with clearer rules and enforcement. Americans need more finan cial information to survive and financial products need to be more readable." Warren said. "We want to provide the platform for financial literacy." Warren is excited to be on board with the new consumer agency. which will allow financial aid users to know costs and risks up front and be able to compare one product to another. The basic idea is putting into your hands the tools you need to s -Mk C 4 ti&cm ? 2 Audition on Saturday, October 23rd 3pm in the Bryce Jordan Center ust be available to work all home games. ncer and Emcee are both paid positions) representation of the allocation is beneficial for other student organizations to see how the money is distributed. McKnight (senior-political sci ence) said the graphic represen tation does not affect SPA because the organization is a "university affiliate, so it works in different ways" than other stu dent organizations. Galen Chelko, UPAC adminis trative assistant and advisor, said though the allocation numbers are fairly comparable to previous years, UPAC did receive more requests. "We had a larger volume of requests last year than we had previously," she said. Chelko said the reason for the increased number of requests is because each year more student organizations are recognized, make good financial decisions," Warren said. "We've already got ten started." For students who need private loans, the bureau will supervise private lenders and ensure they provide fair rules and information in order for students to make smart decisions. However, Warren also said it is important for students to main tain personal responsibility "If you run to the mall and charge unnecessary items, the agency will not help you," Warren said. "This is about helping per sonal responsibility and making good decisions with cost and risk" But Warren said there is no link between the agency helping to lower tuition costs for universi ties. "We do the credit part, not the tuition part," Warren said. Kary Fernandez (senior-inte grated arts) acquired student debt over the years, but shares optimism with Warren about the new agency. "It sounds like something a lot of people would like and benefit them," Fernandez said. Aside from students finding themselves in loan debt, financial products are using tricks against younger Americans in fine print to charge more, Warren said. According to the Credit Card Act of 2009, credit card companies are not permitted to raise rates WEDNESDAY, OCT. 27, 2010 I 3 resulting in an increased number of organizations requesting fund ing. With 189 requests, money to fund travel expenses was the most sought-out allocation, according to the report released by UPAC. But UPAC did not allocate the most money to it. About $933,479 was spent on programming requests, making it the category that received the most money. According to the report, there were 154 requests for money to fund programming expenses. Operational and recreation expenses comprised of fitness passes, IM official wages and adventure recreation were granted large sums of money, as detailed in the report. on existing balances and other unfair practices. The CFPB will require the card companies to disclose agreements to students for their protection. The agency also will help safe guard security for younger Americans' retirement and help prevent unexpected overdraft fees, according to a fact sheet released by CFPB. For graduate student Dong Shou. applying for a loan is impor tant. - I need to buy a ear, - Shou said I need a loan." Warren sees the principle mis sion of the agency to be based around improving credit, but she can also see job opportunity if economic health and stability can be met. "There are many reasons to borrow money," Warren said. "The reasons should be to make the community stronger, not weaker" Warren said the agency has no official research division estab lished, but there is a big budget to get the job done. Some professors may be borrowed to assist in the research, she said. The agency wants students to invest in their futures but have the right tools to make the right financial decisions. "Banks fought it, but we got it," Warren said. "It's a real chance to take what Congress has done, and turn it into something real." ffal/firdeN S4rtet e# ? ons will begin around 3:3opm wing the PA/emcee auditions. Please email Bonnie Clarke with Penn State Sports Marketing at bncl @psu.edu if you plan on auditioning. ree parking available
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