Vol. 96 Issue No. 27 Friday, January 6, 2012

Rotary News

The Madison, Wisconsin

The Lost Decades & The American Debt Crisis

On Wednesday, January 4, 2012, Professor Men-zie D. Chinn spoke to our Rotary Club on the

topic Lost Decades: The Making of America’sDebt Crisis and the Long Recovery which is also the

title of his most recent book. He is Professor of Public

Affairs and Economics at the University of Wisconsin’sRobert M. La Follette School of Public Affairs. He has

served in various roles at the International MonetaryFund, the Congressional Budget Office, the Federal

Reserve Board and the European Central Bank as wellas the President’s Council of Economic Advisers.

Professor Chinn did not varnish the causes or the so-lutions for America’s financial crises. He listed several

factors that have led to this current situation but stated

that among them the biggest factor was decreasedregulation, or in ways no regulation, of financial insti-

tutions. The solutions will have to include significantausterity in the way of decreased consumption and

increased savings along with decreases in governmentspending and increased taxation. As he said, “In other

words, nothing will be pleasant.”If we are to avoid another “Lost Decade,”Dr. Chinn said

the adjustment will be painful and conflictual. The an-

swers will not be technical but political solutions in a coun-try where policies and society itself resists facing conse-

quences. He feels that any of these solutions will result inall sectors sharing the burden. If we delay taking on these

burdens, the ultimate costs will only increase.Professor Chinn anticipates a long period of stagnant, or

very slow, economic growth and that all income levels willsuffer proportionately. He believes we all will be better off

by starting sooner rather than later.Our thanks to Professor Chinn for his presentation and to

Larry Larrabee for this review article.

His presentation will cover the history of theHonor Flight program, both nationally and

locally. Bartlett will provide updates on itssuccess which will include a brief video sharing

the highlights of the veterans' trip.

The Program Committee wishes to thank DebArcher for suggesting this program.

Members bringing guests are asked to contactthe Rotary office by Tuesday noon (email

rotaryoffice@rotarymadison.org or phone255-9164).

Join us next week, January 11, at the Innon the Park, when we will meet Steve

Bartlett, Director of Public Relationsfor Badger Honor Flight, an organization

whose sole mission is to fly veterans to

Washington DC to see the memorials built intheir honor. The Honor Flight Network

provides all amenities to the veterans,including all transportation, meals and

lodging. Everything is free to the veteransbecause of how much they have sacrificed

for this great country already.

Honor Flights for Veterans

Upcoming RotaryPrograms● January 18

UW Madison InterimChancellor David Ward

● January 25Rick PhelpsHistory in the Making:The Capitol EastDistrict and theDoubling of DowntownMadison

● February 1Fabu Carter BriscoJourney to Wisconsin:African American Lifein Haiku

● February 8Margaret JankowskiThe Sewing MachineProject

The Madison, Wisconsin Rotary News Friday, January 6, 2012

Page 2

The Rotary Tri-Quest Event-May 20, 2012: Legends ofBergamont

You have been hearing about the

Rotary Tri-Quest but now reallywonder how the event works:

The event will be held Sunday May 20, 2012, at the

Legends of Bergamont in Oregon. It includes a 5K run, 33Kbike and 18 holes of golf. You can participate as a 3-personcorporate team, where the event is divided among

competitors who compete in each leg of the event. You canalso form individual, 2-person and 4-person teams where

each of you participate in each leg of the event. There iscompetition in the male, female, co-ed divisions as well asage categories. Winners are based on overall positions in

each leg of the event compared to the rest of the field. Thegolf event is either, stroke play, best ball, scramble oralternate shot, depending on the format of your team. It is

non-handicapped event.Corporate Teams: Your designated corporate golfer tees

off at 7:00am, walking and plays 18 holes of golf, stroke playat scratch. Your score against the rest of the field will giveyou a position ranking. Your designated runner, runs the

5K at 8:00am with the rest of the field and completing therace in competition with the others in the CorporateDivision. Your run time against the rest of the field will give

you a position ranking. Your designated biker, runs the33K 9:15am with the rest of the field, completing the race in

competition with others in the Corporate Division. Yourrace time against the rest of the field will give you a positionranking.

There will be 5 places for winners and it will depend onthe cumulative total of your position ranking in each of the

events. An awards ceremony will be held during theluncheon at noon.

Individual, 2-Person, 4-Person Teams (Male, Female &Co-ed): In this event, you will participate in all threeevents. Your position ranking in each event will determineyour overall score. Winners and runners up will be awarded

in each category, and in some categories there maybe ageslevels depending on the number of participants.

Golf Event: Individual-scratch golf for 18 holes. 2-Personteam- 6 holes of alternate shot, 6 holes of scramble and 6holes of best ball. 4-Person team- scramble golf.

Visit www.rotarytri-quest.org for more information.

During break from college classes, a number of Rotary

scholars had a chance to attend our January 4 Rotaryluncheon. Each year, we have approximately 80 students

receiving four-year college scholarship assistance throughnamed funds within our Madison Rotary Foundation. The

majority of students have an assigned Rotary mentor as away to keep them connected to Rotary and to also be

available should they have questions about course selection,etc., during their college years.

During the Scholar Mentor session held prior to our

luncheon, students learned about a new section beingdeveloped on our website to connect scholars to Rotarians

who have internships available. Paul Riehemann also ledparticipants through an icebreaker exercise.

Ellie Schatz chairs the Scholar Mentor Committee, andshe annually organizes this January gathering as well as a

picnic in July before students head back to school. Thanks,Ellie, for making arrangements for the students to attend

our January 4 meeting.

Madison City ChannelWe would like to thank Madison City Channel forvideotaping our meeting this week. The program willbe rebroadcast on analog basic channel 98 and digitalchannel 994:

Monday, January 9, 2012 - 3:00 PM

Watch this program on the web athttp://www.cityofmadison.com/citychannel/

WelcomeRotary

Scholars!

Glad YouCould Join

Us!

Scholar Tahkaney Becknell & Lynn Phelps

Laura Peck & Scholar Rebecca Gollman

Scholar Tatiana Campbell & Rick Kiley

Mike Wilson, Scholar Jazzmin Franks & Pat Wilson

Wes Sparkman & Rob Stroud

Stu Levitan & Scholar Jessica Gorak

The Madison, Wisconsin Rotary News Friday, January 6, 2012

Page 3

Follow Us Online!www.facebook.com/RotaryClubofMadison

http://www.linkedin.com/groups?gid=135326&trk=myg_ugrp_ovr

Action By DirectorsThe following, proposed as new members, were favorably considered by the

Directors at a recent meeting. Members are accorded a period of ten dayswithin which objections may be filed in writing, stating the specific reason forthe objection and signed by the objecting member, and sent to the ExecutiveDirector in the Rotary office. Consideration of a membership proposal is to bekept confidential, and members should not discuss membership with anylisted candidate at this time. After the ten-day period, the sponsors will benotified of the status of the candidate.

Name: Cindy HerbstOrganization: Restoring Hope Transplant HouseClassification: Community ServicesSponsors: Boris Frank, Juli Aulik & Neil Fauerbach

Volunteers Needed For West HighSchool January 26

Our Vocational Opportunities Committeeis seeking volunteers for the “Start Your Own

Business”project at Madison West High School for asession on Thursday, January 26, from 8:15 –9:45 a.m. Oneweek in advance, each volunteer would receiveinstructions and one or two business plans prepared byhigh school students. Volunteers will review the proposalsand offer direct feedback to the students during theJanuary 26 session at West High School.

If you are available to help, contact the Rotary office at255-9164 or rotaryoffice@rotarymadison.org.

Fund Drive UpdateTotal contributions and pledges received through

January 3: $114,363.65 towards our $130,000 goal.

A total of 379 members or 75% have participated to date.Send in your contribution to our annual fund drive

campaign today!

Our Rotary WellnessFellowship Group members,Martha Casey (left) and FrankStein (right), learn aboutAccess Community HealthCenter’s delivery of healthcareto the undeserved and theirplans for expansion from fellowRotarian and CEO Dr. KenLoving (center). Thepersonalized tour was held onWednesday evening,December 7.

Members in the NewsCarrie Wall was quoted in an article on the

YMCA’s financial assistance program. WSJ12/30/11

Barb Dimick was pictured and quoted inan article announcing her retirement from the Madison PublicLibrary on February 24. WSJ 12/30/11

Dan Nerad was pictured and listed among the top 5 peopleto watch for 2012, and summaries were given for Kaleem

Caire and Russell Panczenko among the top 5 people from2011. WSJ 1/1/12

Our Sympathies…to Mike Gotzler, whose father, Jim Gotzler, passedaway on December 31 in Waukesha. Our

condolences to Mike and to his family.

Rotary Youth Exchange NewsMajo Andrade Ponce, our Rotary

Youth Exchange student from Ecuador,spent the holiday break in Florida, andwe thank Karen Christianson and herfamily for inviting Majo to join them fortheir family vacation.

Upon her return to Madison at theend of this week, Majo will move fromRuth Shelly’s home to her next host

family, the family of Rotarian Kathryne McGowan.Pictured above is Majo (right) with Kathryne’s daughter,Sarah, at our club’s Holiday party on December 14.

Majo attends Memorial High School. She continues to beeager to learn more about our American culture and wouldwelcome an invitation from Rotarians to attend a familyouting, a sporting event or an event at the Overture Center.Contact Carrie Wall, our Rotary Youth Exchange Chair, orthe Rotary office to invite Majo to join you for an upcomingfamily outing.

Our thanks to Ruth Shelly and to Kathryne McGowanand their families for hosting Majo this year.

REACH WITHIN TO EMBRACE HUMANITY2011-12 Rotary International Theme

The 2012 RotaryInternational Conventionwill be held in Bangkok,Thailand, on May 6 throughMay 9. To register for thisevent visit:

http://www.rotary.org/en/members/events/convention/pages/ridefault.aspx

The Madison, Wisconsin Rotary News Friday, January 6, 2012

Make up your missed meetings.City or Club Day Time PlaceMadison Breakfast M 7:30 am Vitense Golfland, 5501 W. Beltline Hwy.Madison South M 12:15 pm Sheraton Inn, 706 John Nolen Dr.Oregon T 6:45 am Independent Bank of Oregon, 744 N. Main St.

Sun Prairie T 7:15 am Colonial Club, 301 Blankenheim LaneMadison East T Noon Howard Johnson’s, 3841 E. Washington Ave.Fitchburg/Verona T Noon Pancake Café, 6220 Nesbitt Rd. (1st & 3rd Tuesdays)Madison Horizons T 12:10 pm Radisson Inn West, 517 Grand Canyon Dr.

Mt Horeb W Noon Bistro 101, 101 E Main St.DeForest Area W Noon Grobe & Associates, 819 S. Main St.Stoughton W 12:10 pm VFW, 500 Cty Hwy N

Madison West Th 12:15 pm The West Side Club, 437 County Rd. MWaunakee Th Noon The Innkeeper,301 N. Century Ave.Madison WT-Middleton F 12:12 pm The West Side Club, 437 County Rd. M

eClub One Anytime http://www.rotaryeclubone.org/Second Harvest Foodbank Volunteer for one hour and receive a make-up.

Call 223-9121 to schedule your time.

Red Cross Donate a pint of blood and receive a make-upNOTE: Make-ups must be 14 days before or after the missed meeting. For other cities, visit Rotary

International’s website: http://www.rotary.org/en/Pages/ridefault.aspx

Periodicals, Postage Paid, Madison, WI

Happy Birthday!Jan. 10 -- Sharyn Alden -- Adm. Date: 9/8/2009 Writer.

Sharyn L. Alden Communications, Inc. Formermember of club 1997-2008

Jan. 11 -- Mitch Javid -- Adm. Date: 6/26/1968 Colleges& Universities-Professional School-Retired. Director 1975-76 PHF (4)

Jan. 11 -- Elaine Mischler -- Adm. Date: 11/5/2008 Physician. MischlerConsultants, LLC

Jan. 11 -- Gregg Tipple -- Adm. Date: 8/22/1984 Business Services, Supplies& Technology. G-I Office Technologies Director 1990-92, Sgt.-At-Arms1988-91 PHF

Jan. 12 -- Suresh Chandra -- Adm. Date: 8/28/1985 Physician. UW Dept. ofOphthalmology & Visual Sciences PHF (2)

Jan. 12 -- Carol Koby -- Adm. Date: 4/7/1993 Communications. KobyCommunication Services LLC Director 1995-97 PHF (4)

Jan. 13 -- Laura Davis -- Adm. Date: 7/10/2002 Architecture. IsthmusArchitecture Director 2011-13 PHF (3)

Jan. 13 -- Mary Wright -- Adm. Date: 3/2/2011 Financial Institutions.WHEDA

Jan. 14 -- Gene Kroupa -- Adm. Date: 5/13/1981 Business Services, Supplies& Technology-Retired. PHF

Make-up ArtistsBredeson, D at Horizons 12/13;Christensen, J at Bahrain Sulmaniya 12/9;

Cummings, N at Oregon 12/13; Gutknecht,K at Hilo, HI 12/2; Kazamias, V at South12/12; Long, T at Wautoma 12/7; Overby,A at Breakfast 12/12; Smith, L at West12/15; Welton, K at Naples, FL 12/13,

12/20 & 12/28

GuestsTracy Earll at Jeff Tews; Julie Holberg ofJuli Aulik; Juan Becerra, Tahkaney

Becknell, Tatiana Campbell, JazzminFranks, Rebecca Gollman, Linda Gomez,Jessica Gorak, Lucian Grand, AriaGuglieimina, Giney Rojas, & Pat Wilson ofScholarship Committee; Cindy Johnson of

Dave Johnson; Scott Sorensen of Dan Stein;

Visiting RotarianAlan Sherwood from Chico, CA, guest ofSusan Prest

January 4, 2012

Meetings and EventsJan. 10 4:30pm Rockefellers Fellowship

Group at MadisonConcourse

7:00pm Bridge Fellowship Group atBeckers’Home

Jan. 11 11:00am Tri-Quest Committee Mtg atInn on the Park

11:15am Member DevelopmentCommittee Mtg at RobStroud's Office

6:20pm Bowling Fellowship atBadger Bowl

Jan. 12 6:30pm Notable Books FellowshipGroup at Takara-WhitneySquare

Jan. 16 5:30pm Scotch Whisky/Lew HarnedSociety at Ken Axe’s Home

Official Publication of the Rotary Club of Madison - Club #71 –Organized March 30, 1913

Editor: Patricia L. Jenkins •Assistant Editor: Jayne E. Coster

The Rotary News (UPS 471-420) is published weekly for $24/year.

POSTMASTER: Send address changes to: Known Address of Publication:

The Rotary News The Rotary News

22 N. Carroll St., Ste. 202 22 N. Carroll St., Ste. 202

Madison, WI 53703-2724 Madison, WI 53703-2724

Phone: 608-255-9164 •Fax: 608-255-9007

E-mail: rotaryoffice@rotarymadison.org

Web: http://www.rotarymadison.org/

Attendance RecordTotal Total Active Attending

Date Members Active (include Make-ups) Percentage1/5/11 488 371 420 (178) 113.21%1/4/12 497 403 474 (202) 117.62%