tbird on front line of nis business developmenttbird on front line of nis business development...

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July IS, IW4 The .\mcricim (innliintc Sclnwl of littcniatiuiial Management \t>L,\U\.\o. 6 TBird on Front Line of NIS Business Development Tbunderbird has received a two million dollar grant from the US Department of Commerce for the purpose of opening two "busi- ness" centers in Russia; the centers will be opened in the cities ofNizhny Novgorod and in Volgograd The cities woe selected because of their status as centers for commerce, transportation, and industry. Nizhny Novgorod is recognized as a model for privatization and has a strong defense industrial base that will provide business opportunities when changed to civilian applica- tions. Volgogradisastrategiccom- mercial center due to its location on both the Don and Volga Rivers. TBird is among eight organizations to receive such a grant, bat is the only business school in the group. Although many MBA schools are "internationalizing" their curriculums, the Russian busi- ness centers will set TBird apart from these schools due to the "hands on" approach to international busi- ness development. Dr. Mathis is the project director for the business centers, and he sees this project as an instrumental first stage of TBird's international businesscen- ter involvement. Specifically. Dr. Mathis believes that if this project is successfully implemented, TBird will be in a position to fran- chise its business centers through- out the world; however, to do this TBird will have to prove that it can create business centers better than any other organization. According to Dr. Herberger, T Bird is uniquely qualified to be the lead organization in business centerdevelopment: "As privatization takes place and the in- Just what will the Russian business centers do? As with most DOC International Trade Adminis- tration projects, the Russian busi- ness centers are intended to help US as being "branch offices" of US firms in Russia, without individual firms needing to open complete centers The centers are effectively commu- nal office facilities for US corpora- fluence of Western market philoso- phy is incorporated into business policies. Thunderhird can draw on its leadership in working with inter- national businesses u> well as its strong alumni base to take advan- tage of the opportunities in Russia, the NIS, and Eastern Europe. This is a natural match between industry, government, and education to help American firms gain business in an are of the world that is developing rapidly." companies identify trade and in- vestment opportunities and to help American businesses operate more effectively in the N'lS These goals require the business centers tootter avarw> of *cr>i>.e» .such 0.1. iden- tifying business partners for US firms; conducting market research; providing office and translation sup- port; providing office space; con- ducting training programs; and as- sisting with business telecommuni- cations. Dr. Mathis sees the centers tions operating in Russia. The centers will also hold trade and investment fairs to help US firms identify busi- ness opportunities and will conduct tun in three trade missions a year to ,issist witli identinmg such opportu- nities. In order to provide these services for American businesses in Russia,TBird will open the centers in Russia, open an office in Washington D.C.ardhaveahomeofficeaTbtrd. Of course, the Russian centers them- A POST-ELECTION LOOK AT THE NEW SOUTH AFRICA Now that the cathartic election is finallyover and the people nave spoken. South Africa can settle down to the challenging task of trying to lead a normal existence. Normalcy is what South Africa has yearned for all these years, but it is not a condition which comes easily to a country with such a turbulent recent history. The election was disorganized and understaffed, but as they had only four months to register and educate about 30 mil- lion voters, most who bad never voted before, it went remarkably smoothly. As mrffffi?rie* sur- faced, rritfhcfls of extra ballot sheets were frenetically printed but not properly accounted for, allowing for corruption on all sides of the political fence. The important is- sue, however, is that the election was accepted by all as being free and fair and mat political parties recognized the psychological pri- macy of acknowledging and legiti- mizing the election result This unanimous acceptance was spurred by a proportional distribution of votes which was almost perfect, in terms of checks and balances. The African National Congress won an overwhelming 6165% of the votes, but did not secure the two-thirds majority nec- essary to change the constitution, while the outgoing National Party Government won slightly over 20%, just enough to secure EWDeKlerk a vice-presidential position in the new government It seems almost too good to be true (or rigged, if one is more cynical) as Black South Africans now have the majority say but the fears of the White minority have been waylaid, to a certain ex- tent The poor showing of radical groups is also encouraging, as the Left-WingPan-Africanist Congress polled a mere 125%, while the White Separatist 'People's Front' on the Right could muster only 2.17% of the vote. Fortunately, the election was accompanied by vir- tually no violence, even though a spate of Right-Wing pre-election bombings signified potential civil war. A nation breathed acollective sigh of joy and relief as Nelson Mandela celebrated his victory with the traditional 'Toyi-Toyi' dance at his inauguration. This initial exuberance spilled over into sound praise for Mandela's cabinet appointments, as he tried to shape a cabinet diver- sified and inclusive enough to live up to its name, the "Government of National Unity." A smart move was the appointment of the suave Thabo Mbeki, the ANCs main in- terface with the western world while they were still banned, as the other Vice-President Mbeki's appoint- ment effectivelyanoimshimas heir apparent to Mandela and establishes a tradition of internationally-ori- ented leadership. Mandela also made concessions to the Inkatha Freedom Party, who polled 1034%, by appointing its leader, Mangososuthu Buthelezi.asHome Affairs Minister. Here he can con- centrate on Inkatha's main gripe, insufficient local government but he will have to weather challenges from me heads of the newly-formed Provinces (States), as the param- eters of the Federal-State power balance are not yet defined. A key appointment was the retaining of prior NP Finance Minister, Derek Keyes,aformerbusinessman. Un- der pressure to assign this strategic position to an ANC member. Mandela sent a powerful free mar- ket message to the domestic and international business communities and Keyes' first budget was an admirable tightrope walk between financing social reconstruction pro- grams and promoting aggressive economic growth. Unfortunately, he has recently resigned, for 'per- sonal reasons'. This bombshell resignation is indicative of the ini- tial euphoria wearing off, as the leaders start grappling with the nitty- gritty of running the country. He is not the only casualty, as violent killings are on the rise once more. remindingeveryone that matters are from resolved. Both politically and so- cially, however, there seems to be a new spirit of cooperation and ex- citement in South Africa. The cre- ation of a new flag and new national anthem have fostered a new na- tional identity, which people can believe in and feel proud of. South Africa has also been readmitted to the Commonwealth and the OAU and recently took back its seat in the UN General Assembly, after being expelled in the 70's. Negotiations are already underway for IMF as- sistance and proposals have been submitted for entering the GATT. So far South Africa is on a honey- moon, but this initial union could easily end up on the rocks if this nascent relationship is not carefully nurtured. The present elation, con- fidence and understanding could easily evaporate if long-term ex- pectations are not met and people become impatient The country could plunge into the civil war it managedsoskillfullytoavert. With the help of the international com- munity and determination at home, or maybe just the lingering memory of Rwanda and Somalia to spur them on. South Africa could be- come one of the first African coun- tries to maintain a successful capi- talist ecc<wmyard working democ- racy. ace Korea Kim 11 Sung died suddenly July 9, 1994 of an apparent heart attack, despite the proclaimed Great LeaderofNorth Korea's good health during ex-PresidentJimmy Carter's visit His death has plunged his nation into a state of mourning. Diplomats report mat the nation has gone into a hysteria of crying. Al- though shops remain open, the ma- jority of the population seems un- able to work. Kim n Sung was die old- est communist dictator in the wortd- -82 years old. He is credited with the liberation of Korea from Japa- nesecolonists. Tosolidify this view he has changed the history books of North Korea to r?f!sct his irrs^e of past events. He was responsible for the attempt to reunify the Korean peninsula (ending with hundreds of thousands dead and a heavily guarded demilitarized zone), and for grooming his heir apparent, Kim Yong II. Kim Yong 11 has remained out of the public view. During his brief appearances, his statements have been read by orators. Who is this mysterious young man? Ru- mors abound about his peculiari- ties What is known is ihat he has been carefully kept out of the public's view. It is presumed that his father has been training the young man to become the next great leader. He will probably become the next leader of North Korea. His main competition comes from bis mother-in-law and stepbrother. Hisability to maintain the role will largely depend upon the military and their opinion of him. Whilethemilitary waspresent during his reception of diplomats giving their last respects to his fa- ther, some academics still believe that the military will not support Kim Yong fl. Speculation also ex- ists in the international community as to whether or not he will be able to maintain control of the country forlongerthanayear. The younger Kim must live up to the public's opinions of the dder Kim. Kimll Inside: •The Other Americans, p. 2 ASLC.p.3 •Thunderffiers,p.4 Paradise Found, p. 4 •Basebafl,'Football', &HangGGdng,p.5 •Waded Street Walk, p. 6 * 59th St Journal, p. 6 Satisfaction, p. 7 •You Have Reached, p. 7 •Weekly Calendar, p. 8

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Page 1: TBird on Front Line of NIS Business DevelopmentTBird on Front Line of NIS Business Development Tbunderbird has received a two million dollar grant from the US Department of Commerce

July IS, IW4 The .\mcricim (innliintc Sclnwl of littcniatiuiial Management \t>L,\U\.\o. 6

TBird on Front Line of NIS Business Development

Tbunderbird has received a two million dollar grant from the US Department of Commerce for the purpose of opening two "busi­ ness" centers in Russia; the centers will be opened in the cities ofNizhny Novgorod and in Volgograd The cities woe selected because of their status as centers for commerce, transportation, and industry. Nizhny Novgorod is recognized as a model for privatization and has a strong defense industrial base that will provide business opportunities when changed to civilian applica­ tions. Volgogradisastrategiccom- mercial center due to its location on both the Don and Volga Rivers.

TBird is among eight organizations to receive such a grant, bat is the only business school in the group. Although many MBA schools are "internationalizing" their curriculums, the Russian busi­ ness centers will set TBird apart from these schools due to the "hands on" approach to international busi­ ness development. Dr. Mathis is the project director for the business centers, and he sees this project as an instrumental first stage of TBird's international businesscen- ter involvement. Specifically. Dr. Mathis believes that if this project is successfully implemented, TBird will be in a position to fran­ chise its business centers through­ out the world; however, to do this TBird will have to prove that it can create business centers better than

any other organization. According to Dr. Herberger, T Bird is uniquely qualified to be the lead organization in business centerdevelopment: "As privatization takes place and the in-

Just what will the Russian business centers do? As with most DOC International Trade Adminis­ tration projects, the Russian busi­ ness centers are intended to help US

as being "branch offices" of US firms in Russia, without individual firms needing to open complete centers The centers are effectively commu­ nal office facilities for US corpora-

fluence of Western market philoso­ phy is incorporated into business policies. Thunderhird can draw on its leadership in working with inter­ national businesses u> well as its strong alumni base to take advan­ tage of the opportunities in Russia, the NIS, and Eastern Europe. This is a natural match between industry, government, and education to help American firms gain business in an are of the world that is developing rapidly."

companies identify trade and in­ vestment opportunities and to help American businesses operate more effectively in the N'lS These goals require the business centers tootter avarw> of *cr>i>.e» .such 0.1. iden­ tifying business partners for US firms; conducting market research; providing office and translation sup­ port; providing office space; con­ ducting training programs; and as­ sisting with business telecommuni­ cations. Dr. Mathis sees the centers

tions operating in Russia. The centers will also hold trade and investment fairs to help US firms identify busi­ ness opportunities and will conduct tun in three trade missions a year to ,issist witli identinmg such opportu­ nities.

In order to provide these services for American businesses in Russia,TBird will open the centers in Russia, open an office in Washington D.C.ardhaveahomeofficeaTbtrd. Of course, the Russian centers them-

A POST-ELECTION LOOK AT THE NEW SOUTH AFRICA

Now that the cathartic election is finallyover and the people nave spoken. South Africa can settle down to the challenging task of trying to lead a normal existence. Normalcy is what South Africa has yearned for all these years, but it is not a condition which comes easily to a country with such a turbulent recent history. The election was disorganized and understaffed, but as they had only four months to register and educate about 30 mil­ lion voters, most who bad never voted before, it went remarkably smoothly. As mrffffi?rie* sur­faced, rritfhcfls of extra ballot sheets were frenetically printed but not properly accounted for, allowing for corruption on all sides of the political fence. The important is­ sue, however, is that the election was accepted by all as being free and fair and mat political parties recognized the psychological pri­ macy of acknowledging and legiti­ mizing the election result This unanimous acceptance was spurred by a proportional distribution of votes which was almost perfect, in terms of checks and balances.

The African National Congress won an overwhelming 6165% of the votes, but did not secure the two-thirds majority nec­ essary to change the constitution, while the outgoing National Party

Government won slightly over 20%, just enough to secure EWDeKlerk a vice-presidential position in the new government It seems almost too good to be true (or rigged, if one is more cynical) as Black South Africans now have the majority say but the fears of the White minority have been waylaid, to a certain ex­ tent The poor showing of radical groups is also encouraging, as the Left-WingPan-Africanist Congress polled a mere 125%, while the White Separatist 'People's Front' on the Right could muster only 2.17% of the vote. Fortunately, the election was accompanied by vir­ tually no violence, even though a spate of Right-Wing pre-election bombings signified potential civil war. A nation breathed acollective sigh of joy and relief as Nelson Mandela celebrated his victory with the traditional 'Toyi-Toyi' dance at his inauguration.

This initial exuberance spilled over into sound praise for Mandela's cabinet appointments, as he tried to shape a cabinet diver­ sified and inclusive enough to live up to its name, the "Government of National Unity." A smart move was the appointment of the suave Thabo Mbeki, the ANCs main in­ terface with the western world while they were still banned, as the other Vice-President Mbeki's appoint­

ment effectivelyanoimshimas heir apparent to Mandela and establishes a tradition of internationally-ori­ ented leadership. Mandela also made concessions to the Inkatha Freedom Party, who polled 1034%, by appointing its leader, Mangososuthu Buthelezi.asHome Affairs Minister. Here he can con­ centrate on Inkatha's main gripe, insufficient local government but he will have to weather challenges from me heads of the newly-formed Provinces (States), as the param­ eters of the Federal-State power balance are not yet defined. A key appointment was the retaining of prior NP Finance Minister, Derek Keyes,aformerbusinessman. Un­ der pressure to assign this strategic position to an ANC member. Mandela sent a powerful free mar­ ket message to the domestic and international business communities and Keyes' first budget was an admirable tightrope walk between financing social reconstruction pro­ grams and promoting aggressive economic growth. Unfortunately, he has recently resigned, for 'per­ sonal reasons'. This bombshell resignation is indicative of the ini­ tial euphoria wearing off, as the leaders start grappling with the nitty- gritty of running the country. He is not the only casualty, as violent killings are on the rise once more.

remindingeveryone that matters are from resolved.

Both politically and so­ cially, however, there seems to be a new spirit of cooperation and ex­ citement in South Africa. The cre­ ation of a new flag and new national anthem have fostered a new na­ tional identity, which people can believe in and feel proud of. South Africa has also been readmitted to the Commonwealth and the OAU and recently took back its seat in the UN General Assembly, after being expelled in the 70's. Negotiations are already underway for IMF as­ sistance and proposals have been submitted for entering the GATT. So far South Africa is on a honey­ moon, but this initial union could easily end up on the rocks if this nascent relationship is not carefully nurtured. The present elation, con­ fidence and understanding could easily evaporate if long-term ex­ pectations are not met and people become impatient The country could plunge into the civil war it managedsoskillfullytoavert. With the help of the international com­ munity and determination at home, or maybe just the lingering memory of Rwanda and Somalia to spur them on. South Africa could be­ come one of the first African coun­ tries to maintain a successful capi­ talist ecc<wmyard working democ­ racy.

ace Korea

Kim 11 Sung died suddenly July 9, 1994 of an apparent heart attack, despite the proclaimed Great LeaderofNorth Korea's good health during ex-PresidentJimmy Carter's visit His death has plunged his nation into a state of mourning. Diplomats report mat the nation has gone into a hysteria of crying. Al­ though shops remain open, the ma­ jority of the population seems un­ able to work.

Kim n Sung was die old­ est communist dictator in the wortd- -82 years old. He is credited with the liberation of Korea from Japa- nesecolonists. Tosolidify this view he has changed the history books of North Korea to r?f!sct his irrs^e of past events. He was responsible for the attempt to reunify the Korean peninsula (ending with hundreds of thousands dead and a heavily guarded demilitarized zone), and for grooming his heir apparent, Kim Yong II.

Kim Yong 11 has remained out of the public view. During his brief appearances, his statements have been read by orators. Who is this mysterious young man? Ru­ mors abound about his peculiari­ ties What is known is ihat he has been carefully kept out of the public's view. It is presumed that his father has been training the young man to become the next great leader. He will probably become the next leader of North Korea.

His main competition comes from bis mother-in-law and stepbrother. Hisability to maintain the role will largely depend upon the military and their opinion of him. Whilethemilitary waspresent during his reception of diplomats giving their last respects to his fa­ ther, some academics still believe that the military will not support Kim Yong fl. Speculation also ex­ ists in the international community as to whether or not he will be able to maintain control of the country forlongerthanayear. The younger Kim must live up to the public's opinions of the dder Kim. Kimll

Inside:•The Other Americans, p. 2• ASLC.p.3•Thunderffiers,p.4• Paradise Found, p. 4•Basebafl,'Football',

&HangGGdng,p.5•Waded Street Walk, p. 6 *

• 59th St Journal, p. 6

• Satisfaction, p. 7

•You Have Reached, p. 7•Weekly Calendar, p. 8

Page 2: TBird on Front Line of NIS Business DevelopmentTBird on Front Line of NIS Business Development Tbunderbird has received a two million dollar grant from the US Department of Commerce

IHas lor

Julv 18.1994

American Independence: The "Other" Americansb\ Bab l\"

The fourth of July is a time when most Americans look back with prick upon those heroic actioas taken by our forefathers to secure freedom upon thi s lard which has come to serve as a paragon of freedom and democracy for the rest of the world. Whik July 4th. 1776 may be celebrated as the date that the freedom of the American people was won, for the "real*" Americans of thiscountry.i.e. the native Ameri­ can Indians, it is symbolic of the ending of the freedom of the indig­ enous peoples of this land and the demise of their once peat civiliza­ tions.

The American government's historical relationship with Native Americans has at best been a very ambiguous one. Con­ sider for instance the fact that the Treaty of Paris in 1783, which for­ mally ended the American Revolu­ tion, made so nxntios of !hc Indi­ ans. The young government's ini­ tial response to the Indian question was set forth in Article I, Section 8, of the Constitution: "The Congress shall have the Power... To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes." This was the root law from which more than 200 years of subsequent legislation and programs would be derived.

In the closing years ihe 18th century, the siren song of the vast opportunities which lay oui West led to a vast westward migra-

JerryJacka

tion of white settlers, and the inevi­ table encroachment of these set­ tlers into Indian territory. Thomas Jefferson sought to incorporate the Indians intothe mainstream of U.S. society by means of an ambttKHK, largely church-operated educa­ tional program. Education, so it was thought, would civilize the "savage". By the 1820s the appar­ ent ineffectiveness of this ill- concieved, culturally chauvinistic approach led to a rethinking of the Indian problem. The idea then became to simply push the Indians funher westward, beyond the line of frontier settlement where many felt white settlement would never penetrate.

But the white man con­

tinued his westward expansion and the tensions that ensued between the settlers and the Indians led to the Indian Removal Act of 1830. This Act empowered the President of the United State* 'o relocate f forcibly if necessary) eastern Indians to the west of the Mississippi. By mid- century, it became clear that the U.S. expansion was going to swal­ low up the trans-Mississippi West as well. Thus the concept of re­ moval became further refined into the reservation idea. Under this scheme the Indians were to be rounded up by the U.S. Army and forced to live on reservations set aside by the U.S. government.

With the complete settle­ ment of the continent from coast to

Kirn 11 Sun (; North KoreaContinued I torn page 1

Sung's sffangle hold on the media (rumor has it tli.it he is the media), would allow him to present such a

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grand image. He inherits a country with widespread food shortages, an impoverished population of 20 million, and an increasing number of defectors 10 China and other nations.

Analysts predict a smooth transition of power to the younger Kirn, but when the dust settles no­ body is willing to predict who will be in charge. North Korea has long sat on the fence between the pow- ersofUSSRandChina. Now.with the lull of the Soviet Union, and with China demanding payment for goods in hard currencies. North Korea may he the next communist country to change its government. When and if this is likely to happen remains highly questionable and even highly informed analysts aren't talking. Much will depend on the ven fication of rumors about Kim Yong II. Was he the master­ mind behind terrorist attacks against South Korea'.* Is he associ­ ated with the hard line communist party members? And n»st impor­ tantly, is he more dangerous and unpredictable th.m tas late father'1

Business Centers, Continued from p. 1 "

selves are the most important as­ pect of the program, and Dr. Mathis is in the process of selecting suit­ able locations for the centers. Dr. Mathis hopes thai universities in the two Russian cities will have building space available, because he views associations with Russian centers of higher education as posi­ tive side-benefits of the business center program. Of course, the most important factor influencing the locations of the centers will be the appropriate area for interna­ tional busi ness centers (i .e. near the primary business districts of the cities).

TBird students desiring to become involved in business development in the N1S should con­ sider employment with the Rus­ sian Business Center program. There will be several permanent and internship positions available, and Dr. Mathis says that the ideal candidate will be an entrepreneur­ ial T Bird with a desire to work on the front line of N1S business de­ velopment. Interns will*be an im­ portant aspect of the program be­ cause the program has two years in which to become self supporting, and talented interns are often far more cost effective than perma­ nent employees in the start-up phase of business projects-. Dr. Mathis Is in the process of hiring people for both permanent positions and in­ ternships for the business center projects, so any interested students should contact his office in the World Business Department.

coast and with the further dimimshment of the American Indian popula­ tion, the government now decided that it needed to act quickly in order to save the Indian people, who by thi s ti me appeared to be on the brink of extinction. This led to a unilateral de­ cision in 1871 to abandon the treaty process and sim­ ply legislate on the Indian's behalf. The American In­ dians were now to be treated as wards of the UnitedStates government

What followed from this point on were a series of further government pro­ grams, the intention of which was to "rescue"* the

vanishing Indian. Most of these programs, however, resulted in monumental disaster to the Indian people due to the U.S. government's insistence that the Indium reject their culture 2nd adopt that of the whites. By the turn of the 20th century, the Ameri­ can Indian population, who con­ tinued to resist assimilation, had reached its low point With the continued hope that the Indians would assimilate into U.S. soci­ ety, the U.S. Congress in June of 1924 granted citizenship to the native American.

At end of the second World War, U.S. government policy towards the Indians took a dramatic swing as it sought to di­ vest itself of any trust responsibil­ ity to Indian tribes. The sentiment of the time was that Indians should be treated exactly as all other citi­ zens. Congress therefore resolved in 1953 to work towards the with­ drawal of all federal support and responsibility of Indian affairs. This period was to become known

as the Termination Period. These actions only lead to further tensions as Indian lands were sold off and culminated in the occupations by- Indian activists of Alcatraz Island in 1970 and the Bureau of Indian Affairs in Washington D.C. in 1 912, and the 71 -day armed siege in 1973 at Wounded Knee.

In the 1970s. Indians" de­ mands that they be given greater authority over their own lives and reservations led to a new federal policy, encouraging Indian seir-de- termination. Still in effect today. the most significant feature of this policy is the emphasis on tribal ad­ ministration of federal Indian pro­ grams, including health, education, welfare, law enforcement, and hous­ ing. This policy has resulted in a heatey.reaewedself-confidfioceon the part of American Indian tribes.

Today mere are about 2 million native Americans living m theUni»edStates,2)3,OOOofwhom arecuno«lyIivinginArizona{5.6% of total population of the state; Cali­ fornia and Oklahoma are me only stass with larger Indian popula­ tions). The two rrajw Indian groups are the Navajo and me Hopi. The Navajo Indian reservation (mostly in Arizona) is mis country's largest, encompassing an area of about 16 million acresandsupportingapopu- lation of over 140,000 people.

Despite many recent suc­ cess stories, statistics ofhealth. edu­ cation, unemployment rates, and income levels continue to show In­ dians as disadvantaged. The mes­ sage of history is clear, however. The American Indians are survi­ vors. The pnde w.hich American Indians have in their tribal heritage and culture has withstood test of centuries of government discour­ agement and social pressure. It is the endurance of this pride which will ensure the future existence, and hopefully the prosperity, of the na­ tive American Indian.

asThe Gate

"Wherever we travel, whenever we pass from one country to another we must go through a gate. However, las Cor means more than simply the traversing of borders; it stands as a symbol and artery of communication through the barriers of superstition, ignorance, dogma, racism and prejudice; traditional enemies which continue to be a detriment to progress and global peace.

Idealistic though it may sound, it has now become the respon­ sibility of our generation, the future leaders of the international community, to make every effort to widen these gates and succeed where previous generations have tailed

Has lor must theref^heatopOT forum fordebate.aclearing house of ideas that, may, Airte:s prepare-us for the international community and fiiither augment the' reputation of this youthful institution." / .\ •' ',' /. *" "•-. ,\ ": .' ''. :. \

Editor In Chief T ^ " Managing Editor Design Editor, ~; Finance Editor; Financial Manager Advertising Manager

Letters to the Editor appeafin unaltered form. Opinions expressed therein are not necessarily those of &» dr. the student body, the faculty as a whole, or the administration.

B» lor 15249 Sorth 59th Avenue. Clendale, Arizona 8*306 l602i-978-7119 Fax: <602i 978-7971

RexStepp RcfoertPearlstein Susan Mitchell

; Sticfeep Roy MicheUe RoUie

ill* I

Ba» Cor is produced on Apple® Macintosh

Page 3: TBird on Front Line of NIS Business DevelopmentTBird on Front Line of NIS Business Development Tbunderbird has received a two million dollar grant from the US Department of Commerce

Julv 18.1994 Page3

Changes in the Systemby Kelly M. Killian

Again, we arc nearing the end of the semester when elections for many prominent positions for the ASLC begin. Many students complain about the ASLC or are entirely apathetic. This has occurred fora variety of reasons, which also include questionable behavior by the ASLC. I myself was accosted by a now ex-member of the ASLC. but the issue is really noi about the problems, the issue is about insti­ tuting change.

The ASLC under Yael Coifman has made a whole hearted attempt at smoothing out some of the problems, one of which was the election system. One major insti­ tuted change is that blanket state­ ments will not be allowed. Candi­ dates for Rep at Large and other specific positions will be required to answer questions posed by ihe steeringcommitteeandtheelection committee. The answers will be duly printed in the Das Tor. This way the student body will hope­ fully receive intelligent statements and therefore make more well in­ formed decisions.

The ASLC has spent this entire semester rewriting the con­ stitution regarding election regula­

tions. There were four sets of rules that have been compiled to one This should enable the candidates to bet­ ter understand the system and per- form as required. The real problem is that many of the positions go uncon- tested At rimes there have even been positions open andnocandidate. This is almost unfathomable in the sense that many of us are desperately at­ tempting to build that resume Al­ though this situation does derive from

. some degree of apathy, it has oc­ curred because the positions were not readily advertised in the past. Yael and her staff have skillfully made use of the mass media (the Das Tor. posters, and mailings) to adver­ tise meetings, events, and upcoming ASLC seats. The student body now only needs to pay attention.

Another change you may have noted is that the hours for vot­ ing were lengthened and attention grabbing music was provided for yourlisteningpleasure. Thisaitracted a higher voter turn out. despite the fact that there were so many uncon- tested vacant positions. Students in foreign programs are also now able to vote and students who are on "sab­ batical" have the opportunity to be elected through fill - in candidacies. Finally, the presidential debates will continue to be video recorded to al-

ASLC Elections Just Around the Corner!! |Applications and copies of the election code are available in the

ASLC Office. Candidates must attend or send a proxy to theCandidates' Meeting which will be held Monday.July 25.7:OOPM in the ASLC Conference Room.The following positions are available for the Fall Semester

! I Vice President (Term runs from August to M<jrch

and pays $2500) Student Activities Chair Asia Pacific Rep. European Rep. Latin American Rep. Middle East/Africa Rep. North American Rep. 2Reps.At-Large

If you have any questions, piease stop by and see Yael or Rod.

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low the student body to view the stimulating event if previous com­ mitments cannot be broken.

The one suggestion 1 have is that the apathetic anonymous, or otherwise non-commitant portion of the student body pose questions to the candidates through an unbi­ ased means such as the Das Tor. and then we'll give the candidates a week to respond (You can address any quality questions or ideas to me at the Das Tor) This would allow the faceless, nameless community to have more of a voice without having to go to the ASLC. Sen- ously though, for those of you who do hold the faith, you can send your questions for the candidates or any input to the Vice Pres. Rod Smith who heads the election committee for the ASLC. He is open to any queries that pertain to the positions in question and would truly appre­ ciate your comments, suggestions. and even possible questions for use by the elections steering commit­ tee. And pica's, pese intelligent questions that pertain to the posi­ tions in question. We don't need anymore hot tub based election victories!

Still taking applications for j the Fall 1994 Fortune Editor and Assistant

I Editor!!I These positions pay $900 and $400 respectively' Please see Rod Smith or call 978-8404 no laterthan July 22,1994.

ASLC MeetinsW

When: Even. Monda>Where T.V. Lounge. Tower BuildingTime: -1.35 p.m.

Agenda For Monday Meeting - July 18.1994I. Call to orderII. President's Remarks

Surveys: Housing.bookstore.ee... ffl. Old Business

Around-the-World Party IV Neu Business

Volunteer ProgramStudent Alumni funds for events

V. Committee ReportsIBIC (Library) CommitteeElection Committee oppositions in the fall

VI Open Forum VII. Adjournment of Meeting

ASLC meetings are open to all members of the student body. Any student who wishes to put an issue on the ASLC agenda for a

Monday meeting can do so by submitting a motion to the Steering Committee before 5:00 p.m. on Wednesday the week before.

Yael S. Coifman ASLC President

Review of last meeting. July 11.1994*The celebration for the IBIC is set for September 30.*Danka has agreed to insiou another copier in the Tower. a« well as a laser printer for the Macintosh, they are currently looking for a way to secure it. The next meeting with them will be at the end of the semester. The ASLC have sent in their recommendations on a Pool Policy to Dean Bates. Rod and Yael are meeting with the city regarding the crosswalk on the19th. Bring concerns and suggestions to them.The weightroom permit has been held back once again. Maybe weshould think about marching on city-hall???'Voted to make it possible for any registered student on a foreignprogram or internship to run for an ASLC position, as long as they willbe at the G tendale campus for the entirety of the term of office, and havea proxy attend the candidates meeting for them.*\ procedure for the flag ceremony was voted on: It more than one person wants 10 cam1 (he flag for graduation, the person will be determined by lottery."The ASLC has agreed to fund 1/2 of the Skills Series in the faiL with Academic Affairs paying tbe other half. Traffic tickets must be paid in the ASLC office by August 5. or they wfll automatically be posted to your Business Office account plus a possible S20 handling charge.

Daycare on Campus?

During the last open fo­ rum the topic of daycare for chil­ dren of students was brought up and I sensed a general feeling of discontentment from the parents in the crowd. One solution we have is to form a cooperative day care club. Before we can go on with this plan we need a response from interested parents with perti­ nent information such as name and phone number, how many chil­ dren you would enroll in the pro­ gram and their ages

The procedure of the day care program would be that the parent/club member could dropoff their child in the hands of fellow students that they know (and pre­ sumably can trust). Each member would have to work a decided amount of hours to earn credits

towards the use of thedaycare. These credits would be "spent" when us­ ing the daycare. As far as the when and where, that depends on how many children are involved and how soon we can get organized.

Once we know who you are, your needs, and suggestions; we will have an organizational meeting and then proceed to seek the assis­ tance of administration.

If you are interested in the program call Brandon. Volunteer Coordinator at ASLC office 978- TH 7, or leave the information with Beverly, ASLC office manager, or in my box. # 539.

'Parents please respond within the next two weeks, if there is an inadequate response we will as­ sume that there is no interest or do not need such a service.

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Page 4

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July 18,1994

Paradise FouiKi An Arizona Day Trip

by Tom Nun

Gilpin got you down? Does the word "marginal" conjure images of your GPA instead of the time-hcmoredeconomicconcepts its supposed to represent? Is your tongue tired and swollen from prac­ ticing phrase after phrase in some foreign language thai sounds in­ creasingly like Greek? Then es­ cape. Just north of here lies some of the most beautiful scenery Arizona has to offer, all within a day's drive. And the breeze created by the com­ ments of your IPE professor isn't the only hot air you'll be escaping, either. High temperatures over most of this route average ten to fifteen degrees below those in metropoli­ tan Phoenix, making this trip a re­ freshing retreat for those of us who hail from milder climates.

Leave early to avoid the heat of the low desert. I left at 10 a,m. and found myself wishing I had left earlier. From Phoenix, take I-17 nArtii tf\ Cordss Junction Exi* the highway and drive west on Arizona 69 to Prescon, the one-time territo­ rial capitol of Arizona. Attractions in this mile-high town include "Whisky Row", a collection of old victofian-style bars (Prescott was once as femous for boozing as Tomb­ stone was for gunfights!) and sev­ eral tiny casinos run by a Native American gaming authority.

From Prescott, take route 89Anorth to the Granite Dells, about five miles out of town. Although not well-marked from the highway.

this geological mistake affords the visitor striking and unlikely views of granite slabs cocked from the ground at weird angles and creates scenery reminiscent of "Bonanza".

Continue north on 89A to Jerome, an old Victorian mining town that has become overran with bou­ tiques, galleries and antique shops. This charming mountain town, with tall Victorian houses built into high alpine wallstocreatenarrow.cobbled alleyways, reminded me of an old continental European downtown. There is a free municipal parking lot in the middle of downtown that is within easy walking distance of ev­ erything worth seeing in Jerome.

Continue on 89A to Tuzigoot National Monument, a fas­ cinating Sinagua Indian ruin north of Cottonwood. During the thirteenth century, Tuzigoot was home to about 200 Sinauga indians. The ruias of their multi-level citadel take at least an hour to see, and the experience is well worth the S2 admission.

The next stop is beautiful Sedona. a mountain town set in the eerie, even hypnotic red rocks of the Arizona mountains. Sedona has be­ come "Arizona's Santa Fe", and is packed with art galleries and pricey shops for the shopping enthusiast. Sedona is also a new age mecca: in 1987, over 5,000 enthusiasts gath­ ered there to witness the supposed departure of Bell Rock for the andromeda galaxy. Thankfully, Bell Rock didn't depart and Sedona's

beauty remains intact New age en­ thusiasts maintain an obvious, al­ though quiet, influence over Sedona's distinct culture.

Route 89A ends in Flag­ staff after winding through beautiful Oak Creek Canyon State Park. Flag­ staff, a nrid-sized dry, offers a full range of acti vines ranging from shop­ ping malls to prehistoric ruins.

Returning to Phoenix, the day-tripper has several options. For the brave, I suggest taking 1-17 south to Schnebly Hill Road, a pitted, rut­ ted, dangerously elevated and dusty, sometimes two-lane road that con­ nects 1-17 to Sedona. Most of the vehicles I encountered on the 18- mile trek were 4-wheel-drives, but I did it in a VW Golf with little diffi­ culty. Yourbraverywillberewarded: the scenery is absolutely breathtak­ ing. At the bottom of Schnebly road, enjoy dinner in one of Sedona's fine restaurants or return to I-17 via State Highway 179.

For the feint-of-heart. sim­ ply take 1-17 south back to Phoenix, Time your return for a stop at the Sunset Point restarea(50miles north of Phoenix) to enjoy the most gor­ geous sunset you will ever see.

This trip is a full day and covers a lot of ground: be sure that you leave Phoenix with a full tank of gas and a healthy car. Bring water and a first-aid kit in case of some unforseen trouble. Take your time and enjoy yourself and you wiD re­ turn, like me, ready to tackle yet another chapter in Gilpin.

Mutton Busting with theThunderfliersThunderfliers!

Looking for a weekend of highflying loop the loop exilement? Well you don't even have tocross the boundries of 59th Ave. to find it. With windsocks, runways and hangers scatterd around campus, check-in is made especially convenient with T-birds Arizona Thunderfliers.

The 4th July weekend excursion to Bryce Canyon was to be one helluva cruise. At a God forsaken hour (Latin American night still salsaring away in my

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brain) our group assembled, a typi­ cal T bird bunch: 7 nationalities, S people, 3 hangovers, 2 planes and 1 destination (in fact I suppose the last is untypical!?). Exilement run­ ning high, adrenalin pumping I sensed a certain nervousness as we pulled into Deer Vally Airport. The view of our transportation for the weekend, two mosquito looking Cessnas didn't do much to curb the sweatty palms I was desperately try­ ing to dry in the torrid heat rising off the tarmac. However within min­ utes after take off we were in the capable hands of captains Jorg and Eric, buzzing over the desert to "Go get some!". Inever quite figured that one out, but I am sure we all got some anyway.

The forever changing Ari- zona landscape crept beneath us 7000 ft away, from desert to forest, until the world split in half. The Grand Canyon is eye popping at the best of times, but from up there it is socket explodingly awsome ! Do this for a fuJJ on natural high!! It works!! We flew over our destination and came to rest at Bryce Canyon airport, a bubbling place af activity, a me­ tropolis by any standards. After an hours wait we finally boarded a shuttle which took us to The Pines Hotel, did the old spot checks and whittled off to lunch. Some mem­ bers of the group obviously hadn't had their fill, yet with pick up lines like "You can scratch my potato!", hunger became a definite alterna­ tive,

If you ever want to see something that "is cooooler than

Sedona!", its Bryce Canyon. Like organ pipes rising from a roofless Cathederal these hoodoos(from voo­ doo-oops! no connection) look as if they have been chisseld by an army ofstone masons, oraltemanvelyhave suffered from a serious bout of acid rain. Rich reds, oranges, browns and yellows cover earthy walls (with the occasional live Indian drawing) which beckon one into secret and enchanted walkways. Only go there if you have more than five cameras and 20 spools of film! It twas an exiting hike, Alex metamorphasised himself in aPyrranian mountain goat (that got stuck), Yvonne ( Val, Benafsha, Sabina, Yvonne. Jorg, Eric, Alex and myself) tried to do something Chinees with her feet and Sabina ran off with a rank snake!

Being in "Yeeeha" Utah there is no way of ecaping the Ro­ deo. ToaU those Califomians-"Wel- come to America!". If you happen to be unfamiliar with this age old tradi­ tion the highlight to the untrained eye are the Mutton Busters! A group of virile 6 year okfe that ride sheep in such a way that would put any New Zealander to shame!

The weekend came to an end with a tranquil flight back to base Thunderbird, one or two air pockets but nothing too strenuous on the stomach. If ever you're stuck with nothing to do on the weekends (which I presume is unlikely) the Thunderfliers offer all the thrills and spills that you could hope for - extra terrestrially thai is.

Letter to 1he Editors

Dear EditorBefore the Open Forum

sponsored by the ASLC that took place on June 29, enters the T-Bird record books as. "a positive and worth while experience", this stu­ dent would like to express his opin­ ion. I couldn't help but notice the recurring theme which transpired that evening. Unfortunately, the shortcoming of the administration appears to be their willingness to implement their plans without con- * suiting the student body. One of the greatest assets of being at Thunder- bird is the closeness of our commu­ nity; therefore, its incomprehensible to me why their isn't a greater stu­ dent input factor when formulat­ ing, executing, and evaluating projects. This is truly exceptional as every T-Bird will receive a man­ agement degree from a managemenmem that fails to con­ sult those whom will be most ef­ fected by their decisions.

For example, at the forum I raised the issue of the 5 week course offered in this summer ses­ sion. Most students find it detri­ mental as they cram a years worth of Intermediate Accounting into 5

weeks, while it only beneffe the teachers as they have an extra 5 weeks vacation "to devote a> re­ search". When 1 asked David Ricks to roughly quantify the number of student opinions that he claimed to have used before arriving at his de­ cision to implement this schedule. Dean Bates wasted no time by inter­ rupting, stating that, "students last summer were consulted and theic- fore are probabl y no longer on can- pus". I am still waiting for an an­ swer.

Finally and most impor­ tantly, if student opinion is Huh/ highly regarded, why was it a great surprise for the panel to discover die overall negative opinion oftheffilC? This unfolded as applause broke out immediately after it was expressed that the center is not conducive for studying due to its impressive bet impractical design. Although Jimmy Wong, Ombudsman foe ASLC, promised additional class rooms would remain unlocked at night for students to study and that the IBIC should be used exclusively for doing research, the problem stiD remains that if the IBIC was Duly built for the students, then it would serve our needs and not be a show piece.

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July 18,1«W4 JBa* <Cor

Strawbeny Gets RaspberryBy Derck McCalium

"Te Fi Ho Hum. look out Giants, my ego is on the run". Yes Darn1 ! Strawberry is hack in the Big Leagues, playing lor the San Fran­ cisco Giants, Not to offend you San Fran Fans, but hey, isn't there enough egos running around that town already with Ricky Walters feeling healthy,

Before 1 explain myself, lets talk about the Straw-man first, He came out of the minors playing for the New York Mess, if I'm noi mistaken. Played with other coke addicts such as Dwight Gooden and the rest of the Mets of the early eighties,

A team that had so much potential, but lost it all to drugs, alcohol and surprisingly enough, egos. This team needed an ego though. Having in New York, where the media will tear apart Mother Theresa for sniilin0 21 the kids in the Bronx or Queens, requires a tre­ mendously large ego to handle such harassment.

After the Straw-man showed he could play and dictate the terms of his contracts, he opted for a trade to his childhood favor­ ites, the LA. Dodgers with big Tommy LaSorda at the helm. So now what? Strawbeny continues on with his New York etiquette in a West Coast environment. Result: Disruption of the media, the base­ ball, the fans....all for a snort of white sugar and to sustain a level of ego.

This leads to Strawbeny getting released from the Dodgers, after not showing up to practices and skipping the mandatory drug rehab the team had him on. The Giants and oddly enough Phoenix now come into the story. The Gi­ ants picked the Straw-man up and sent him here (Phoenix) to get back in shape for the Bigs.

The Phoenix Firebirds, who play out of Scottsdale had him for a whole week. Can you believe that Strawbeny in shape in one week and ready to step up to a major league pitcher, or is that a beer

pitcher, a sales pitch for some street level rock. During the week that Strawberry was in town, the Firebirds didn't really play better, didn't really win anymore that normal, and there wasn't a real noticeable increase in ball game attendance.

So the question is, why would the Giants bring up the Straw- man when he didn't really prove much in the minors where he should be able clean-up, especially if he only needs to be there for such a limited time'1

The answer 1 must say is beyond me. Besides the fact that he has already proven himself worthy of the Majors, does that ability stick with him through all these years of drug abuse? Are his senses that honed that he's ready to play again? Or is the cockiness he perfected play­ ing in New York sticking with him and raising his level of play to this level?

I have to believe the man isVS-G 4AllL/jL«lUJ . 4 * V S <U ijOOG piiiJVi, **W

doubt about that. He's a natural and has the instincts within him to play. However, after rehab, not playing consistently in a high quality league. one week in the minors does not create instant rebirth. Attitude can. however, and seems to have worked. Strawbeny is playing with the Gi­ ants, and playing as well as the rest of the Giants, which I guess isn' t saying all that much, but he's back in the Bigs.

He's also back in rehab, back in the press, back in the spot­ light, and more than likely back in the Jack (J.D.). So for all the effort this man has put intoplaying base ball,for all the effort different clubs has put into keeping him playing baseball and staying clean, you'd think some progress has been made.

A natural at the game, who has run into the same problems as every other athlete let alone baseball player. Strawberry seems to have achievedamentality just below com­ mon sense, which is the sole reason this man has not achieved the level of play he is capable of: Hall of Fame.

You know Darryl, I don't believe in role models, but if I did. you still wouldn't be mine.____

I've Always Wanted to Try... Hang Glidingbv Pete Dill

Ever want to just get away from it all for a while? I mean get away from the ground or the intro­ ductions to these articles? If you want to glide across the earth read on. If you wanted to skip the intro. you weren't reading close enough. There will be another test of your reading ability later on.

The first thing you need to do in order to soar like an eagle is set yourself up with a set of lessons. Most of these run on the Saturdays for 5 hours at a time. First you will have a bit of ground instruction before you are encour­ aged to run off the side of a moun­ tain. After you have suited up in your harness, gloves and helmet you are ready to make your first attempt at flight. Beginners start on a slightly sloping hil 1. Depend­ ing on the wind a running start of 10-15feet is required priortoliftoff, Be sure to face your hanglider di­ rectly into the wind. The key is to start your run slowly and then ac­ celerate while keeping your wings level.

Now you are aloft. Bring the shotgun to your chest and. ..(sorry about that, just a bit of a runover form last week to see who is paying more attention to the giris/pys walking by in the Tower than this outstanding piece of lit­ erature... read closely, your life could depend on this article) Now back to our story.... You are now floating along directly in front of the mountain from which you just departed. Keep in mind updrafts will support you and your new wings. After you manage to ma­

neuver your legs into harness po­ sition think about which way you want to go. In order to gain altitude and slow down, push on the triangular bar in front of you. Pull in to speed up and lose alti­ tude. To move right or left sim­ ply slide your weight in the direc­ tion you wish to go. To find out how to land go see Doug Gordon at Adventure Sports in Tempe, 1327 E Bell De Mar Drive. * 897-7121.

Beginning lessons cost roughly 95 dollars and last for five hours usually on a Saturday. Following this lesson are a series of three advanced lessons at 50 dollars each. Once you have completed these and survived, vou will be certified bv the United

Stales Hang Gliding Association (USHGA). Good spots to try this sport locally are South Mountain Park, Prescott, and Flagstaff . If you are so excited by this explanation of the sport that you want to drop out of Thunderbird and become a profes­ sional Hang Glider, be prepared to specialize in events related to dis­ tance traveled, time aloft originating and landing at the same point, spot landing, and of course acrobatics.

You may not have enough money to buy the rig for your new- profession with your used book money however since the cost of the hang glider, helmet and harness will run you anywhere from 1500-3500 dollars. So sell your computer, you won't need it at anywhere under 18.000 feet.

LESS-THAN -PEANUTS

Football- T'Bird Styleby David Echom

While soccer fans around the world are tuning into World Cup action, did you know you can catch theexcitement here in Glendale with the Thunderbird International Foot­ ball Association (TIFA).

This week (and every week) saw three action packed games as the teams came one step closer to its World Cup tourney to take place the weekend of August 4 & 5. Perennial favorites Mako Boys, led by their fearless Captain, Laurence Hopper, leading a side representing the European conti­ nent. posteda4-l spankingon Thun­ derbird FC who still can't seem to get ii together registering their sec­ ond straight loss in two games. The game featured the season's first se- riousinjur. when BeavisEkindem- onstrated his not so graceful ability

Thunderbird IntemoiionalFootball Association • Glla Boys

Boys posted its first win over Team 5. The team obviously appreciated the return of their Spanish veteran and soccer superstar, Scott Hingley who had been busy playing for his national team during the first week. Hingley quickly silenced the crit­ ics about his abilitytostill compete on the TIFA level, scoring one goal in the contest. Dommique Ruiz found the net twice in the victory. Team 5's new captain. Dale Keyes, has a lot of work ahead to get his team to where he wants them (on the field, on time.)

If anyone is still inter­ ested in joining the league contact David Eichom or Dodie Hamich atASLC. All students welcome to come and support the teams (every Friday at 6:30pm).

to twist (& possibly fracture anankle). Probably out for the re­ mainder of'the season, FJcin's de­ parture puts a twist into Mako s plans for another title, however rumor has it he will take to the sidelines and coach the learn.

In other action first place Brobies posted their second straight victory under the tutelage of Juan Marruenda (who is ru­ mored 10 really be Diego Marradonawithoutajoboracoun-

try) and his exiles from Latin America. Marruenda's side has demoastrated a knack for finding thenet,beatingTeam610-1. Team 6 is experiencing personnel prob­ lems asof late, with Captain Kristof Ackerman ha ving to attend to more pressing personal concerns and when asked to comment, assistant captain and superstar Jeni Chavez could only respond "Our team still needs a name".

In the other match, Gila

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Page 6 July 18.1994

WherearethejobslA job opening occurs where

an employer sees an opportunity for value to be added or incremental in­ come earned from an additional em­ ployee. Employers are not satisfied when the ratio of this additional value is slightly greater than the salary and ben­ efits for this employee. An employer is often looking for a ratio of as much as 5:1. Then, if the value added by an employee is even greater than the ex­ pected ratio, the opportunity for a bo­ nus exists. So, where are the opportu­ nities for adding incremental value on Wall Street today?

Derivatives are a source of incremental income for corporate fi­ nancial institutions in the mid-1990's. Incremental income can be earned by financial institutions trading with each other. Incremental income occurs from successful arbitrage. Incremental in­ come occurs on mercantile exchanges. Incremental income results fromaTrea- sury Division's decision to hedge its foreign exchange exposure Incremen­ tal income occurs from speculation on exchange rates, interest rate move­ ments, bond prices and options move­ ments.

These sources of incremental income differ from the real value that financial institutions used to enable the good old industrial corporation to add to its operations by providing it with long-term loans or equity. Rom finan­ cial institutions' perspective^the cor­ porate pie - which corporate finance professionals have been serving for decades - is no longer large enough to allow the myriad of institutions and finance professionals to earn enough incremental income from these tradi­ tional financial products. From corpo­ rations' perspective, the overall short­ age of capital in the world is increasing the cost of corporate expansion. The challenge today for corporations is to be more productive with die capital they have. Their focus on core busi­ nesses, strategic alliances and cost con­ trol is aimed at allowing diem to be most competitive in their industry.

Commercial banks have learned dot making misjudged loans to corporations can be extremely expen­ sive, requiring write-offs on a one-to- one basis of loan assets against capital. The rapidrestructuringofthe corporate

world to achieve greater produc­ tivity means that forecasting Ae future of a corporation's position in its industry is mcreasingly un­ certain. By focussing on trading instruments and derivatives, com­ mercial banks will be exposed only to a percentage of the loss rather than the total loss of a loan. Where permitted by bank regula­ tions, commercial banks are mov­ ing corporate finance away from direct earnings on loans to prod­ ucts and services which provide fee income and trading profits. In fact, large teams of derivatives specialists have been stolen from Wall Street's investment banks by commercial banks.

Thus, commercial banks arc adding themselves to the list of investment banks, portfolio managers and exchange-related activities to concentrate increas-tflfty f\n f&& *»*amm*» i^fttrjtioc O'J "" * ** -** *****£» «.*« .MW**

rather than interest eamingassets. Corporations, once sized and structured to achieve their pro­ ductivity goals, focus on treasury activities to ensure that they are minimizing their financing costs and maximizing their return on investments.

The reality of today is that financial instruments and de­ rivatives are a primary source of added incremental value and thus for job prospects on Wall Street Corporate treasury will supple­ ment the corporation's operating productivity improvements with more sophisticated derivative us­ age. Current job market activity indicates that the not-too-distant future holds the promise that a balance will be sought for corpo­ rations seeking to add incremen­ tal value with additional employ­ ees who will expand market share from within. In the meantime, sad as it is for real GDP, as long as the SEC restrains itself from impos­ ing tighter derivative regulations, opportunities for adding incre­ mental income on Wall Street will remain with secondary and ter­ tiary financial services, rather than traditional financing products.

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THE 59TH AVENUE JOURNALVOL. OCXX NO. 5 K H MONDAY. JULY 18. 1994 GLENDALE. AZ

FORAD COMPANY STANDINGS (After Period 3)Rank123456

Company Name and NumberBear Essentials - 2Wipe Out Industries - IFBI-4LHSInc.-3Mavericks -6Yung String & Co. - 5

Stock Wee$43.28S3163$26.04$23.86$15.33$13.28

Mkt/Book3.562.741231.991.001.23

The FORAD cartel companies enjoyed a less turbulent quarter and all successfully posted much needed gains in their share prices, such as. Bear Essentials who posted a $27 gain to increase the margin ahead of Wipe Out The Mavericks have apparently had problems with the millions of new shareholders. Accordingtooursources at the Pub and lack of class anendance. there also seems to be a lot of disunity and depression among the Dutch management, apparently due lo the disappointing World Cup results.

FOR AD rnVfPANY STANDINGS (Aftpr Pmnri 41Rank1 >

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Company Name and NumberBear Essentials - 2Wipe Out Industries - 1FBI -4LHS Inc. - 3Mavericks - 6Yung Shing & Co. - 5

Stock PriceS60.09$57.14$48.76$39.79$25.21$20.17

Mkt/Book4.414.574.003.161301.31

Again, the FORAD cane! companies enjoyed a successful quar­ ter. The team standings remained the

n»e, except that Yuog Shirtg & Co." s stock price nearly doubled, moving them into 5th place. Wipe Out Indus­ tries appears to be closing in on Bear Essentials, and based on recent com­ ments, the Wipe Out management team seems rather confident of their strategies. Next quarter's results should prove telling.

FORAD (Simulation Update)The following is an update

of the progress of the Simulation Games for WB5250 Multinational Corporate Finance class (FORAD). Each week, new globa! political, eco­ nomic, and financial news will he printed in this section of Das Tor. This information influences the deci­ sions made by the teams participating in the games.Fifth Period. Third Quarter 1995

U.K.-The further

depreciation of the pound was again a welcome sign for the British economy. John Major was quoted as saying that he hopes that the upcoming G-7 summit will result in a formula to cairn the volatility in the foreign exchange markets, which has bad adverse effects of world trade flows and economic growth.

Germany-As suspected, the coal miners union did not re­ ceive the wage increases they had demanded, and an industry-wide strike began. This strike will ad­ versely affect the domestic supply of coal and wiO increase the materi­ als costs of a wide range of prod­ ucts. In addition, as energy costs increase, the industry's overhead rates will dramatically increase. In addition, the strike is expected to negatively impact thedomesnc sales of cartel's German subsidiary. If this situation is not resolved within

the next few months, GNP growth could suffer.

The United States - It ap­ pears tnat after debate in Congress, tije long-awaited national heal thcare system will be passed If President Clinton can manage to persuade Senator Mahoney to sign on to the bill, implementation will follow within a few months. This could increase operating costs at toe Cartel's American headquarters, but could also improve worker morale.

Although below expected growth rates, robust economic growth continues in the U.S. The persi slant inflationary fears have led to higher interest rates. An AGSIM consultant, Al Prime, was quoted as saying ihat the increased interest rales had a positive effect on the dollar against major currencies. He antici­ pates further strengthening of the dollar if current market conditions persist

Midterm Results of Capital Market GameK,r Cr4V U/Jrti ————————————byErikWuta

Here are the midterm re­ sults of the International Securities Investments and Money and Bank­ ing Money and Capital Markets Game. The interim figures speak for themselves, but the race is by no means over. The contestants must still doggedly forage for rrrispricings though the muck strewn about by a wild-eyed inflationaphobiceamings driven market. To add to the melo­

drama, this quest is played out on much more precariously. The top 3the backdrop of failed G-7 sum- investment teams and the top 2 inmil littered with magic shrinking banking have not yet faltered on agreenbacks tossed around like hot week-tc-week basis. Stay tuned topotatoesbyintemational currency the weekly {Thursday Night) Pubtraders. CDs anyone? postings and this column for the

Not easily spooked, the ensuing sprint to the finish. UnsureSpeculators have somehow run times demand unconventionalaway from their class by a com- trades. Game ends July 29th. Afortable margin. The Dino brief defense is planned for AugustSnowshoers lead the Bankers but 2nd or 3rd

Money and Capital Markets Game Team Rankings Round 3 Week Ending 7/12/94

PortRankjng Team Name Portfolio Value WB 5271 International Securities Investments

Speculators (A) S1.074J24.95 Stalking The Ten Bagger (D) $1.030.809.546 Ungraded Road To Riches (J) Sl.019.198.81 Boone's Pickings (E) SI .006.430.79 Random Walkers (H) $992.072.28 LaRuedaDeLaFortuna(B) S989.650.99 Dart Monkeys (I) S982388.93 Thrill Seekers (F) $980.776.94

9 Bulls & Bears (G) $960380.4010 Random Walk &Assoc.(C) $949.583.21

NYSE COMPOSITES&P500

WB 4290 Money and BankingDinosaur Snowshoe Co. (A) S98.90117 Pavlov's Dogs (B) 597.02735 AM1S(C) $97.016.36 J.I.G.S. (D) S96.273.66 NYSE FINANCIAL INDEX S&PFINANCIALS

Beta.

1231.09121.230.811260.870.830.781.14

1.240.980.491.04

Percent Return Risk Adj. Perf. ThJyWffk. To Date Tjcvnor M<-a<anr

1.64%3.47%-0.79%-0.42%1.76%-0.36%-2.31%0.26%024%1.00%0.40%0.38%

0.52%-0.83%-0.07%-1.04%-0.50%-0.63%

7.48%3.08%1.92%

0.64%-0.79%-1.03%-1.76%-1.92%-3.94%-5.04%-1.55%-1.63%

-1.10%-2.97%-2.98%-3.73%-2.64%-2.54%

.

6.14%2.83%1.93%0.55%-1.03%-0.77%-2.07%-2.38%-5.09%-4.40%

-0.84%-3.04%-6.41%-3.58%

Page 7: TBird on Front Line of NIS Business DevelopmentTBird on Front Line of NIS Business Development Tbunderbird has received a two million dollar grant from the US Department of Commerce

July 18, 1994

IHas (Tor

"HELLO, YOU HAVE REACHED.By Rick Martin

Phones. Phones. Every­ where a phone. Herearing. There

a ring. Ev­ erywhere a ring-ring. Ei, eye, ei. eye. oh. 0 h . America is thehomeof the ubiqui­ tous phone. Phones in­

vade my privacy but I can't survive without one. They've effectively turned America into a country of white slaves. Think you can live without one? Try it for a week. You'll be back.

Phones are like guns. They're not good or bad It's the people who use them. In the hands of die wrong person, say an ex- girlfnend or student loan collec­ tors, phones can be the bane of your existence. Or they can be a boon to your life, like the time you made a date with a special person and huddled next to the phone in tbs anticipation that the next caller might become your significant other. I guess the whole phone game can be fun until the phone company sends you letters saying they're going to cut you off from

yoursotialdrug. the phone. Strange. the phone company wntes you when they could just call you.

Answering machines. Got to have 'em Sure, they're a menace to society but would any­ body ever connect with anybody else if there weren't any answering machines? How did people ever reach anybody before these things were around? I guess the best thing about having one of these things is that at the end of the day after a hard day of looking busy and studious, you can find out how popular you are. Depending on what you're expecting, this pan of the day can really be a bummer or it could po­ tentially lead to a "love connec­ tion", which would be kind of cool.

The worst pan about an­ swering machines is having to lis­ ten to the message, especially if you're a high frequency caller. The announcement on the machine is special because it gives the owner of said machine the ability to show his unique qualities and creative- ness. Who cares? I'm going to leave the message just the same. But I really do like it when the person says that my call is "impor­ tant" to him. Whether it's sincere or not, it makes me feel good. There's nothing like sincerity, even if it is insincere.

One of the recent trends which has me a little baffled is the phone "gratification" that you put on your credit card Why pay for phone "gratification"1 Isn't innu­ endo good enough'' Besides you don't have to pay for phone innu­ endo.

1 say "gratification" be­ cause my editress says that I can't say that other three-letter word that rhymes with Tex. Oh sure. I'm of the male sex but I can't write, "phone "*", Oh, how I love America and the freedom of the press and how I can say anything 1 want without the fearof retribution, but Angela keeps talkingabout this ideaof good taste. Taste? Looking for a fun phone call? Call 1(800)238-2000. It'll be a royal experience.

P.S. There were three entrants for the "Name The New Library-like Building". They ranged from the sublime to the ridiculous. Well, here they are: Merle's Info-mart « Northern Expes-jre International Business Execution Center (in honor of the shelving)

I think I'll just call it "the library". Not real exciting but. then again, it's really just a library. In­ formation center? Not.

mmui KzISHow do People Waste Tune?

By Pablo de la Pefta

Have you ever mea>ural the time that you lose per day1 1 don't want to be rude but can you answer the question about how much time you actually use effi­ ciently0

To answer that question iet's draw some figures. Each day has 24 hrs in it, and the average working time is eight hours. Thai means that we work only 33.335- of the day. We know that this is not completely true, because we usually work about ten hours a day (or more.) So, how much time do we waste making inefficient phone calls, walking too slow, talking too much or talking non­ sense; if we add up all this wasted time. I would say it adds up to be about one hour wasted. We now have only nine hours left to work; but we spend about three and a half hours solving yesterday's problems-things that we had to solve yesterday but didn't because we did not have "enough time". We now have only five and a half hours left to work. However, we

have meenngs,depanment meetings. supervisor's meetings, and all kinds of meetings. How much time can you spend in those meetings? About an hour and a half Ok. now we have only four hours left to solve today's problems and to plan tomorrow'!; agenda, because we didn't have "enough time" to do all the things that we had to. As you may notice, we only work half of the time that we should!

Now. we can calculate the same numbers for the whole year. M ulnply the number o f worki ng days per week by the number of weeks per year, and deduct all the holidays, and all the vacations days. In short, we only work about 1,020 hours a year. that means only 47% of our working time.

If we want 10 improve our efficiency, we can do two things: first, learn how to use our time better, and second, work harder.

Well. I think there is yet another way lo waste time, such as writing statistics like this that no­ body reads. Time is a limited re­ source, do not waste it!

Can't Get No... Satisfactionby Dr. Lovelorn

I have heard a repeated theme echoedamongdi vene groups ofThunderbirds: the lack of "satis­ fying relationships" on campus.So, I investigated. 1 asked random TBirds why they think this situa­ tion exists. I surveyed opinions from as many males as females, albeit a few more foreign males than fe­ males, but I think my research is representative of the student body (nopun intended). Theconclusions were rather surprising. I should point out that nothing in this article reflects my own opi ni ons. other than a few suggestions in the last para- .graph. All names have been omit­ ted except for Johannes Vogel's and Brad Buchman's.

The situation seems to have been caused primarily by two factors: the lack of time with which cultivate long term relationships and, yes, gossip. We are only here for a minimum of 12 to ISmonths and our short studies may be inter­ rupted with internships. We don't have much time to dedicate to qual­ ity relationships. One gentleman said that "no one has 2-3 hours a day and the "pristine" girls here are too scared they'll enjoy it too much." Another said that the women are too directed and focused on their careers (Is this a problem?). A third, an Asian, indicated that cul­ tural difference hinders the Asian man's integration into "our soci­ ety." He said trial American women are "like moving trees...no results. They're too self centered. You need too much time for American women. I don't have that much time to waste." (Could this attitude be a problem?)

The second prominent is­ sue is gossip. There is nowhere to hide. It's not good to have extrane­ ous persons leaving your room at

9:00 am if you live on campus or across the street in one of the rc- son.v Why? One of the gossip spies will quickly make your pri­ vate life well known to the com­ munity at large. Perhaps surpris­ ingly, it seems that the men, as well as the women, worry about the cultivation of quality relation­ ships and their reputations.

Many people com­ mented about the 'ratio.' One of my unnamed female surveyees stated, "Think about it, 25% of the men are married. 30% are homo­ sexual, and the rest have a lot to ask for! It's probably not 70/30. but more like even!" A male Euro­ pean interviewee reflected upon the situation and said that the well traveled, culturally experienced Thunderbird male is rather inept "They're not smart enough... their attitude stinks. The women figure it out!" Another female said that the women are so tired of the "Pub approach" that they're totally turned off (Glaring red lit sirens screaming "I need to get [satisfac­ tion f attached to the foreheads of expectant males). In the opinion of one disappointed woman, "the ratio is irrelevant: one group is getting [satisfied], but they're just notsharing!" AFarEastemgentle- woman suggested the men first try conversing and then asking the girl out. She felt they were lacking in conversational skills. (Toast- masters, do you run dating work­ shops?) Another disenchanted women felt that, "the men don't give the women credit, they feel challenged by our intelligence. They ought to diversify their rela­ tionships and get some cross cul­ tural skills!"

One person suggested that the Pub (Jeff) find a way to

hold down the noise on Thursday n:j:h:s. because "vou can't hook up i! the only thine you know about ihe person i\ hivher name " Some Jo beg to differ.

A recurrent theme I found reiterated among the men is that the complainers' problem is that, to (sort oOquoteNew Jersian Brad Buchman, " They have no guts!" An­ other more eloquent male said the ratio and the lack of relationships isalotofhype. The ratio is not that bad becausethere'salotof mar­ ried or otherwise unavailable men...sof the others want to whine, let them. All they have to do is go up and talk to a girl. All the whining only means there arc a lot of dys- functional people out there."

Johannes Vogel. president of the NGA Club ("for those who are voluntarily ornon voluntarily Not Gettin' Any") said that "those who want to-do, and those who don't, or Jon't dare !o-are geeks (mir­ roring the women's comments). The oppi inunity is there The prob­ lem is not acute. The real problem is quality, not quantity." The ma­ jority of the women have com-

mented that they don't get asked out There must be some kind of connec­ tion

the two most interest­ ing facts are that the men felt that

the complainers were wimps and that both sexes criticized the ap­ proach. The majority of the guys utilized theexcuse that they didn't want to start a relationship be­ cause they thought the gals would get too serious, or that thev would

just have to end any potential rela- tioashiponcetheygraduated. There's some degree of miscommunication, because the gi rlsl intervieweddidn't have >uch Ion;; range plans they only wanted something that would he worth their time while they were here What it comes down to K thai both genders want ihe some thing, quality "rime" with someone worth their time.

In my humble opinion I would suggest to the guys to avoid "the Pub approach." The girls are just a tad defensive in the Pub at this point. The guys should Cry convers­ ing with their "interest" at the Love Connection (the Library), or else­ where first. Hooking up on Pub night or a weekend night, then not expressing the slightest concern for the hookupee during the week and honestly expecting regular weekend interludesdoesn't workforvery long. Ladies and gentlemen, try asking someone out on a dote. It's not that serious of a thing, so grow up. Take them somewhere off campus (not the Pub). You don't have to spend a lot of money either good conversa- tion,abonleofwine,acoupleglasses and the stars would make anyone feel appreciated. You'd be surprised what a little creative quality time and quality conversation will get you.

Pastrami's Aftrr 13 yrors in Phoenix., by Popular Demand

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Page 8: TBird on Front Line of NIS Business DevelopmentTBird on Front Line of NIS Business Development Tbunderbird has received a two million dollar grant from the US Department of Commerce

My 18,1994

Weekly Calendar of EventsWeekend MOMMY TUESDAY WEDNESDAY THURSDAY ««*

July «- 17 Jot, If Jrtv « Mi%> _,._ _ **L2J ————— , ———— =IH ————1 pm A&Csporjsorac

Around theWork) PartyT*C

lam ThunderMers Grand Canyon Cal 588-8875

10: JO am Slep Aerobics (Sj Sobo lounge{ Sal S Sun)

Votteytall SAT[pm (Court 1)

Team4va.Team 6

(Court 2)The Pimps vs.Molty C« (2man)

(pm (Court 1)Team3vsHard Tones

(Court 2)Team 4 (2man)Party On Wayne

pm (Court 1)CabecavsTeam 8

(Court 2)Team?Spicy Latin's

Softball SUNDAYWarn The Strokecs vs

TheQ's

Raqyeftal MrPtayfssetupyour matches "'

(4pm SlepAerobrcs{S!Sobo Lounge

4pm Career ServicesExtended Hours

:15-7:15p Step Aerobics (S)Sobo lounge

4pm Rugby Practice1 am The Untouchables Rugby Pitcn

Vs The Stroked* pill tionwss HiufifS

Vs Graham Clara

pm Ufjmxtfntbtt

-Ipm Resume Wrung ItCSC

?2 pm TlHjndercorps {S Cressnadf

3pm Career ServicesCen»rTour

4:38 pmBoOy Sculpting SSSobo Lounge

I:1l-Stip Aerobics (S) IrlS pmSobo Lounge

7pm RaSanCUKS}SI park MonoTower Cafe

7- IpmSMs SeriesRoom 55

Ipm Basketbal MrPHKs vsLeftovers

Ipm Basketbal IntrKncksvsTeamiS

tpm BaskeSOaH IntrDream Team VsBrodies

iaaefieia(Sunday) I -1 pm Toastmasters

Room 55

1

5:t»-SlfpAerot«cs(S)«:15 pmSobo Lounge

B:30 pmAWlT- ThunderbrdRecepftonR(z-Carton HoW

6S)pmResumeWr«inglCSC

I

4:3* prnBody Scu^*« (SSobo lounge

1:11- Sasp Aerobcs (Sl:ff pmSobo Lounge

fpm UMnaleFnsbee(Snatf-lelds!

(4pm Rugby PracticeRugby Pten

7pm I8W(S)Career SearchCSC

Non profs wsGcVIOubWBM^rm1i3oin Cathy X 8622lor tatrut md ITPO

Ipm SasluOae intrKmdavsLeftovers

tpm BKtettjaHWBrootesvs.Team 16

Ipm BaiWftaB !ntrDream Team vsPMK-s

I

•Mam CaretrServtosiOnwTour

tpm SlepAero6cs(S)Sobo Lounge

Ipm ThunderffctrsSunaatragMcatS5V8875

Ipm Practice yourIj'leivltwinu sltflaCSC

«: JO - Soccer Intramurall:34pmRus6yF«ld

Ipm ASI.C SponsoredMwle MghtQuad

Weekmd Jurj J3-M

lam ThunaerDiers (Saturate) Bryce Canyon

10.12pm Career Servtoea(Saturday) BsandaSHours

M:3««n StapAerobes(Sat* Sun) Sobo Lcunge

Ipm ManOub(Saturday) TogiPntif

(Saturday) BOATiFrtenda SuRWMf 88Q

WoOeyba»(SAT)Ipm SpeyLatnavs.(Caafi) TaaraM

TtiePlRipivafCourtZI Teanif4(2nan;Ipm Teamf3vs(Court 1) Team §7

Party On vs(CeurlS TheWySirsinj7pm TtamMvs(Court 1) TaamfS

Cabecavs(Court 2] HardTmes

Soflbal(SLK)Warn The UotouchablM

Vs Graham Ckrs11«m TheQsvs

The UnloucnablesU pm The Stokn vs

HormessHBen

7pm AfhcaCtubPot Luck OnwrSobo Lounge

7pm InTI ChristianFaawshlpBible StudyGraamraaObhwBrief Descriptions of some evens art printed on the reverie side of tnrs calendar

Please direct * questions and comments to Ke«y Boyle. ASLC Publicity Chair(A) Denotes ASLC funded event open to me entire Thunderturd Community(S) Denotes Specific dub activity

For the Love of Ripperby Mark Haneke

Eiht, Israel You don your scuba gear and walk towards the beach. la's a sunny, clear day. You gaze out over the beautiful beach as waves gently lap against the shore. The Egyptian border is three milestoyourright and Aqaba, Jordan lies five miles to die left. You wade into the warm waters of die Red Sea and make one final check of your equipment before descending into the splendor be­ low. Once underwater you swim towards the gate which leads to the luge enclosure. Once past the gate you swim forward, past mounds of fluorescent coral. Hundreds of bright tropical fish swirl about

Classifiedsshirt! High quality sweatshirts, t-shirts and ties. Give us a call at 843- 7290. Rob and Donna PrescotL Leave a message, someone will get bade to yon.

Cats and Kittens need temporary or permanent homes. All had shots- those over six months are already fixed. Lovely pets, very sweet Please call 938-3505.

T-Bird Travel Next to 7- Elevenon59thAve. Dial "Hie Bird", 843-2473. John Hodges, Alumnus/ Owner.

Ahead you see a sunken wooden boat You clear your ears and de­ scend to 15 metres along the gently- sloping, sandy bottom. You await the encounter.

A few seconds later you glance skywards to see five silhou­ ettes briefly block the sun as they gendy glide past 10 metres above you. The grace. The beauty. The power. The magnificent aerody­ namic bodies. Welcome to the Dol­ phin Reef. All of a sudden you view three dolphins coming towardsyou. They gently glide past and allow you to slide your hand along the entire length of their bodies. Their rubbery, chamois-like skin is soft to the touch. A cute three-month old baby clings close to its mother, but eyes you curiously. During the en­

suing 45 minutes, you get to interact with these incredible creatures, and you are actually able to sense their intelligence.

Humans have always had a certain fascination with dolphins over the centuries. Ancient Greek sailors had great respect for dol­ phins, and some even owed their lives to being saved by dolphins while adrift at sea Today we con­ tinue to be captivated by these mam­ mals. Studies have shown that they are among the most intelligent in the animal kingdom.

More research continues, andanumberofidolphin experience? programs like the one described above are popping up all over the

globe. A couple that are

a link closer to home include the

Dolphin Research Center in the Florida Keys, the Hyatt Waikaloa on the big Island of Ha­ waii and another program in the Bahamas. The programs offered at these facilities range from swim­ ming, snorkeling and/or scuba div­ ing with dolphins to educational seminarsdesigned to increase aware­ ness and understanding about the animals.

So the next time you are in the area of one of these centers, consider spending a day with die dolphins. Ins a fascinating experi­ ence you wonft soon forget.

As of July 14, 1994, the Marketing Club is officially recog­ nized by the American MaricetingAssodation., and will now be called the "Thunderbird Chap­ ter of the American Mar­ keting Association."

Look for details about the upcoming re­ ception celebration to be held the week of July 25th.Those interested in joining please contact Vice President ofMem- bership, Donah Bergler at 843-1795.

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