THE DAILYCOLLEGIAN
26, 2017| PAGE5
Dow Jones breaks 20,000
By Alex Veiga
ASSOCIATED PRESS
The Dow Jones industrial
average crossed the 20,000
mark for the first time
Wednesday, the latest milestone
in a record-setting drive for the
stock market.
Strong earnings from
Boeing and other big companies
helped push the Dow past the
threshold early on. U.S. stocks
closed solidly higher, lifting the
Standard & Poor’s 500 index
and Nasdaq composite to record
highs of their own for the second
day in a row.
Banks and other
financial companies led the
gainers, which included
technology and industrials. Real
estate, phone companies and
other high-dividend stocks
lagged the broader market as
bond yields rose.
The Dow, which tracks 30
major industrial companies,
gained 155.80 points, or 0.8
percent, to 20,068.51. The S&P
500 index rose 18.30 points, or 0.8
percent, to 2,298.37. The Nasdaq
added 55.38 points, or 1 percent,
to 5,656.34.
The market has been
marching steadily higher since
Specialist Frank Masiello wears a Dow 20,000 cap as he works on the floor of the New York Stock Exchange,
Wednesday, Jan. 25.
bottoming out in March 2009 in
the aftermath of the financial
crisis. The rally continued after
the election of Donald Trump
as U.S. president last fall. The
Dow first closed above 10,000 on
March 29, 1999.
Wednesday’s rally came
against a backdrop of optimism
on Wall Street that executive
actions and policy goals
announced by the Trump
administration this week on
trade, manufacturing and
business deregulation will be
good for corporate America.
Most professional investors
are skeptical the Dow at 20,000
will have much effect on the
market. They more often look
to the S&P 500 index as a
benchmark, because they
consider it better representation
of the broad market.
If the Dow reaching 20,000
has any impact, it will likely be a
psychological one. Investors
have been leery of the stock
market for years, unable to
stomach the prospect of
losing more than 50 percent of
their money for a second time if
another financial crisis hits.
That trepidation has caused
them to pull money out of stock
funds — even as the Dow made
STATE / NATION
its march toward 20,000 — and
depend instead on safer bond
investments.
Last year, investors pulled a
net $27.1 billion out of U.S. stock
mutual funds and exchange-
traded funds, according to
Morningstar. A year earlier, they
yanked $66.5 billion. Over the
same time, investors plugged a
total of $218.6 billion into taxable
bond funds.
Anyone who resisted the urge
to dump their stock investments
through all the tumult of the last
decade is now seeing the full
benefit of a market with the Dow
at 20,000.
A $10,000 investment in the
largest U.S. stock mutual fund
made a decade ago, before the
Great Recession began, would
have dropped below $5,000 by
March 2009. But investors who
held on even through the worries
of another recession hitting, U.S.
debt downgrade, the euro crisis
and uncertainties over Britain’s
departure from the European
Union would now be sitting on
nearly $20,000.
This is expected to be the
busiest week for corporate
earnings news, with about 30 per-
cent of the companies in the S&P
500 reporting quarterly results.
Richard Drew/Associated Press
WORD SEARCH
Mary Tyler Moore accepts the Life Achievement Award at the 18th
Annual Screen Actors Guild Awards in Los Angeles on Jan. 29, 2012.
Actress Mary Tyler
Moore dies at age 80
By Frazier Moore
ASSOCIATED PRESS
NEW YORK — Mary Tyler
Moore, the star of TV’s beloved
“The Mary Tyler Moore Show”
whose comic realism helped
revolutionize the depiction of
women on the small screen, died
Wednesday, said her publicist,
Mara Buxbaum. She was 80.
Moore gained fame in the
1960s as the frazzled wife Laura
Petrie on “The Dick Van Dyke
Show.” In the 1970s, she created
one of TV’s first career-woman
sitcom heroines in “The Mary
Tyler Moore Show.”
“She was an impressive
person and a talented per-
son and a beautiful person. A
force of nature,” said producer,
creator and director Carl
Reiner, who created the “The
Dick Van Dyke Show,” told The
Associated Press. “She’ll last
forever, as long as there’s
television. Year after year, we’ll
see her face in front of us.”
She won seven Emmy
awards over the years and was
nominated for an Oscar for her
1980 portrayal of an affluent
mother whose son is accidentally
killed in “Ordinary People.”
Moore’s first major TV role
was on the classic sitcom “The
© 2016 PuzzleJunction.com
THURSDAY, J AN.
Mark J. Terrill/Associated Press
Dick Van Dyke Show,” in which
she played the young homemak-
er wife of Van Dyke’s character,
comedy writer Rob Petrie, from
1961-66.
With her unerring gift
for comedy, Moore seemed
perfectly fashioned to the
smarter wit of the new,
post-Eisenhower age. As Laura,
she traded in the housedress
of countless sitcom wives and
clad her dancer’s legs in Capri
pants that were as fashionable
as they were suited to a modern
American woman.
She served as chair-
woman of the Juvenile Diabetes
Foundation International,
supported embryonic stem cell
research and was active in
animal rights causes.
In 1983, Moore married
cardiologist Robert Levine, who
survives her. Her marriage to
Tinker lasted from 1962 to 1981.
Before that, she was married to
Dick Meeker from 1955 to 1961.
In 1992, Moore received a
star on the Hollywood Walk of
Fame. A decade later, a life-size
bronze statue went on display in
Minneapolis, depicting her
tossing her trademark tam
into the air as she did in the
opening credits of “The Mary
Tyler Moore Show.”
Answers online
bit.ly/1CBcyRi
THE DAILYCOLLEGIAN
Collegian manager turns the page after 40 years
By Lauren Lee
THE DAILY COLLEGIAN
From typewriters to mod-
ern computers, Patricia “Patti”
Hartranft has been there through
all advancements at The Daily
Collegian.
After 40 dedicated years at the
Collegian, Hartranft is retiring on
Friday as general manager and
previous operations manager.
“The best part about this job is
the constant ability to reach out
to students who bring so much
energy to this organization — it
inspires me,” Hartranft said.
Hartranft moved back to State
College with her husband a year
after graduating from Penn State
with a Bachelor of Science in
secondary education, English
and journalism.
Though she did not write for
the Collegian during her academ-
ic career, Hartranft was always a
fan of the newspaper.
“I will always be a fan and I
will always have the Collegian’s
back,” Hartranft said.
Hartranft said while there are
many wonderful memories at the
Collegian, not every day was a
picnic.
From the shooting on the
HUB-Robeson Center lawn to the
terrorist attacks on 9/11,
Hartranft has been alongside stu-
dents through tough times.
“You could hear people crying
Aside from being the general manager, Hartranft served as the opera-
tions manager during her time at the Daily Collegian.
LOCAL FRIDAY, J AN. 27, 2017| PAGEB3
around the office — sometimes it
was a tough time to get through,”
Hartranft said. “But what I
saw was students who banded
together and did what they had
to do, which was one of our finest
reporting moments.”
Garrett Ross, the editor-in-
chief at the Collegian, said it is
hard to measure Hartranft’s
impact on not only the newspa-
per, but also the students and
people involved.
“Her job is not an easy job by
any means,” Ross (senior-print
and digital journalism) said.
“She literally keeps the building
running, and figuratively too. She
makes sure we have everything
we need on a daily basis and
has been an incredible support
system to the students.”
Ross said he recalled an
instance last year when
Hartranft left her house at 3 a.m.
just to go back to the office to
help fix an issue with the print-
ing press. Though it was a simple
fix, Ross said without Hartranft’s
help, the paper might not have
been printed for the next day.
“The fact that she was willing
to get up and help the newspaper Antonella Crescimbeni/Collegian
meant a lot,” Ross said. “I can’t Patti Hartranft will retire on Friday after approximately two decades as the Daily Collegian’s general manager.
fathom all the thing she has done
for the paper for 40 years.” “Patti touched the lives of many gives great management advice “During the day, some people
Carol White, the president people,” White said. “A testimony on how to be a great leader. get upset and angry, but Patti
of the Board of Directors, said of that is how many people still “She taught me how to keep just smiles and rolls with it,”
Hartranft has been an inspira- stay in touch with her even after calm and think rationally,” Simpson said.
tional force with the Collegian. they move on.” Elinsky said. “Personally I’m very “It’s always pleasant to
White said throughout the reactional but she really helped work with someone even tem-
years, she has learned a lot from me take a step back and look at pered. I’ve never seen her
Hartranft. the bigger picture.” upset at work.”
“She’s a tiny person but she’s Wayne Lowman, the new After her years in the news
leaving big foot prints behind,” general manager who will be business, Hartranft said she has
White said. replacing Hartranft after the a few tips for new reporters.
Phyllis J. Johnston, the distri- transition, said Hartranft is very “My advice is to get as much
bution and finance specialist at gracious and embracing. of an experience as you can, and
the Collegian, said she always “She has been very thor- as broad of an experience as you
thought of Patti as being very ough throughout the transition can, because you are going to
thorough and welcoming. process — this is a testament need a lot of skills when you get
“If I ever needed anything, I to her professionalism and out,” Hartranft said.
could talk to her and she would organization and knowledge of For the future, Hartranft said
always help me out,” Johnston the Collegian,” Lowman said. she is going to take it easy for a
said. Richard Simpson, the systems month and then take on a new
Maggie Elinsky, the business manager at the Collegian, said and unknown task with less
manager of the Collegian, said the Collegian has been blessed by responsibility.
Hartranft has been a big men- Hartranft. “I think I speak for the
tor and adviser to her as she “She’s always been a rock here hundreds of student’s she’s
transitioned to her new position. at the Collegian,” Simpson said. impacted over the years,” Ross
“Patti is so knowledgeable, you “She’s the same to me today from said. “There is nothing we can say
can tell she really cares about the the first time I met her.” other than thank you. I’m happy
Collegian,” Elinsky (senior-busi- Simpson said although the she’s been here and hope she
ness management) said. “That Collegian is student-run, enjoys her retirement and wish
trait is something you can really Hartranft has gone out of her her the best.”
Antonella Crescimbeni/Collegian
respect in a leader.” way to provide guidance to past
Elinsky said Hartranft has and present editors during hard To email reporter: lml5489@psu.edu.
been helpful all year and always times. Follow her on Twitter at: @lauren_llee
THE DAILYCOLLEGIAN COMICS MONDAY, J AN. 30, 2017| PAGE7

Mike Du Jour by Mike Lester

EX
PIR
ES
2/1
3/1
7

Pardon My Planet by Vic Lee

Non Sequitur by Wiley

Rhymes with Orange by Hilary Price

WORD SEARCH
Answers online
bit.ly/1CBcyRi
© 2016 PuzzleJunction.com

Call 814-865-2531
to sponsor the Crossword Puzzle