Stories this week at Wake Forest

WE KNOW IT’S BAD FOR OUR LUNGS, BUT WHAT IS POLLUTION COSTING US?

The American Lung Association recently released its State of the Air 2001 report that ranked three North Carolina regions among the worst 25 in the United States for air pollution. Douglas Beets, an associate professor of accounting in the Calloway School of Business and Accountancy and an expert on accounting for pollution, has researched how electric utility companies save, sell and buy emission allowances provided by the federal government. He says the pollution may be hurting our lungs and our investment portfolios. “Emission allowances have become commodities, and electric utilities aren’t required to account for that in their stockholder reports,” Beets says. “If they did, stockholders could figure out how much pollution the company was emitting and that could drastically affect how they choose to invest.” Beets argues that there are potentially millions of dollars worth of allowances that are not being reported to stockholders and investors. His paper, “Accounting for Pollution: The Effects of Emissions Trading,” supports the inclusion of those figures in a company’s financial statements. To arrange an interview with Beets, contact the News Service.

MEMORIAL 5K WALK/RUN THROUGH REYNOLDA GARDENS

More than 100 participants are expected to travel the 3.1-mile course through Wake Forest University and Reynolda Gardens for the Rev. Burton Rights Memorial “Right-s-tuff Walk/Run” this Saturday, May 5 at 9 a.m. The event is sponsored by the Wake Forest University Cardiac Rehabilitation Program and is a fund-raising event to establish a patient scholarship fund for the program. The Wake Forest Cardiac Rehabilitation staff established the fundraiser in memory of the Rev. Burton Rights, a participant in the cardiac rehabilitation program for 19 years. The walk/run will begin at Reynolds Gym, proceed through campus onto the path to Reynolda Gardens and then loop back through campus to Reynolds Gym. The media is invited to cover the event.

BANK MERGER DOESN’T WORRY FUTURE FIRST UNION EMPLOYEE

Shenika Watlington, a graduating senior from Reidsville, has known since November what she would be doing after graduation. That is when First Union offered her a job with their Finance Enterprise Group in Charlotte-after their first 30-minute meeting. “It was a little scary when they announced the merger because I wasn’t sure how it would affect me,” says Watlington, a communication major. She will start a two-year training program that will include six-month rotations in First Union’s financial offices in May. To arrange an interview with Watlington, contact the News Service.

WEB PAGE PROVIDES MEDIA WITH COMMENCEMENT 2001 FACTS

Looking for a quick-glance fact sheet about Wake Forest’s commencement? Go to the News Service Web site (www.wfu.edu/wfunews) and click on “Commencement Facts.” Everything from how many graduates will march to where media can park can be found at this link, designed specifically for media needs. The page will be updated regularly. Questions about the 2001 commencement? Call or e-mail the News Service (smithsr@nullwfu.edu).

FINAL EXAMS BEGIN SATURDAY

The Wake Forest campus may be quieter than usual this week. Final exams start May 5 and end May 12. The first summer session begins May 29.

Categories: Commencement, Events, University Announcement