open forum bridges communication gap...matic changes in the faculty over the next several months....

8
July II. 1994 The American (iruduale SchtMil of International Management WHERE'S THE MANAGEMENT? by Dave Eichom All of us here at Thunder- bird are in pursuit of a Master of International Management, yet it is possible to go through the program without taking a single management course. While the other powerhouse schools in the US and other coun- tries have required management courses as a pan of the curriculum since their inception, Thunderbird only got its management department going a few years ago. Is this right? What led to it and where are we going? This week I spoke with Dr. Caren Siehl to get her opinion on how management is being taught, the school's policy and the general direction Thunderbird is headed. Dr. Siehl holds a Ph.D in organizational behavior (OB) from Stanford's Graduate School of Business. Since receiving her degree, she has been teaching OB courses on the graduate level. At the University of Southern California, she taught thecore gradu- ate business management course alongwith upper level electives. Fol- lowing DSC, Dr. Siehl taught at INSEAD. Dr. Siehl has been at Thun- derbird for two years now and in sucba short tune ta> become one of the most popular and respected pro- fessors. She teaches both Funda- mentals of Management and Global Leadership, an upper level leader- ship elective. For several reasons. Dr. Siehl strongly advise;, that a student take management while ai Thun- dcrbirct Where manv see the courts as developing "soft" skills which are not valuable to a future employer or career, Dr. Siehl believes just the opposite. "It is as absurd to graduate from here without tak- ing a management course as it is to not take a finance or ac- counting course/' But don't jusi take her word for it. Several articles which have appeared over the past five years in Forbes and Fortune concerning manage- ment more than sup- port her position. An employer will be look- ing for at least a work- ing knowledge of man- agement and the other disciplines. What il boils down to is thai corpo- rations need international business executives who can work with people from all walks of lite. suc- cessfully lead small and large teams and understand and apply effective manasemem and leadership. Dr. Siehl also points to Thunderbird's competition. The ranking business schools in and out of the country have required man- agement courses in their programs. Some, like Stanford, have moved to requiring three management courses. How can a Thundrrbtrd student compete in the job market without a comparable education'1 Not having work experi- ence before coming to Thunderbird is also not advisable since it is next to impossible to discuss manage- ment in a vacuum. Harvard is one school, for instance, thai makes tw o years of work experience manda- tory before being accepted into the graduate school. For those students strongly recommends taking an in- ternship. Another argument for management is that compared with the other disciplines, it is truly the most J\ namie Where management could be taught as part of a market- in!: or finance course back in the Mi's. mis is no longer possible Management hastruK emergedinio its own discipline, and DA. Siehl is constaniK reading. writing and re- Continued on page 2 Open Forum Bridges Communication Gap by Rod Smith Mote than 150 students, faculty members and administra- tors attended the Open Forum spon- sored by the ASLC on June 29. After an introduction of the panel members and a snort job descrip- tion by each member, the floor was opened up to questions from the student body. Panel members in- cluded: RoyHerberger, DavidVan Ness,JimSmolesky,LeeStiddand, Dean Brian Bates, David Ricks, Cathy King-Todd, and Misha Semanitzky. The first question of the evening was about the long-term strategy of the school and Dr. Herberger's vision of the school. A student expressed his concerns that the school is overemphasizing the importance of professors publish- ing cases, potentially detracting from their efforts in the classroom. Dr. Herberger and Dr. Ricks stated that the school has neglected the importance of publishing cases, which builds the reputation within the academia arena. The school is seeking professors who are recog- nized and published experts witnin their fields, and we will see dra- matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard Business School has thou- sands. Thunderbird is no longer the the only school offering an MIM program and the school must be- come more recognized in this era of increased competition. In response to a follow-up question. Dr. Herberger hopes that with the recent AACSB accreditation, the school will break into the top twenty busi- ness schools in USN&WR's rank- ings this Fall, and place 5th in the country. Dr. Herberger also men- tioned the tuition rate increase which takes effect in the fall semester with- out any "grandfatbering" of old fees for current students. The tuition rates remain in the median range of the school's competition. Many students had ques- tions and comments regarding the foreign programs. Thepane! stressed the school's commitment to these programs as a foundation to differ- entiate the school fromotherMIM's. Additionally, the school is trying to make these programs more attrac- tive by increasing its offering of courses and faculty members. Sev- eral students who took DF&T during the Spring Semester in Geneva ex- pressed their frustration with a par- ticular instructor who has yet to turn in his grades for the class. Dr. Ricks and David Van Nefc expressed that they are making every effort to track down this professor and find out what has happened to the submis- sion of his grades. The weakness of the dollar is having a dramatic effect on ihe financial shape ot ihese pro- grams, especially in Tokyo. The Foreign Programs Task Force is ac- lively addressing numerous student concerns which came up ai the to- rum. Another quesu'on centered on the planned price increase of the dining facility's ten meal plan. The increase which will take effect in Fall effectively raises the cost of a lunch or dinner meal to S7 per meal. Lee Stickland expressed the dining facility'sdire financial situation and his efforts to keep prices in accor- dance with national university av- erages. The price increase is a busi- ness decision which will hopefully encourage more students to pur- chase the 19 meal plan and thus increase revenues for the dining facility. The Business Office is currently reviewing prices and is calling in a food services consultant before making a final determina- tion on the meal plan price sched- ule. The most surprising rev- elation of the evening was student opinions of the new IB1C. Several students expressed how the center is not conducive for studying be- cause of the lack of study cubicles. These comments were greeted with applause from the students and sur- prise on the pan of the administra- tion. Another studentasked Ms. Cathy King-Todd about the pro- cessing ot his fmancia! aid applica- tions and his work-study paycheck. lern-. She also announced the re- newal of the Financial Aid Ta.sk Force which is open to all students who are interested in improving operations in the Financial Aid Of- fice. Another question was asked about the perceived lack of student input in the decision to move to 5 week courses. Dean Bates and David Van Ness explained that stu- dents last summer expressed their interest in 5 week sessions during the summer semester. Unfortu- nately, the input provided last sum- mer effects students this semester and may not accurately depict the interests of these students. David Van Ness stated there will be no add/drop arrangements for the sec- ond 5-week session but the adminis- tration will consider such arrange- ments for next summer. Other topics brought up included day-care facilites on cam- pus, the marketing of the school in its recruiting efforts, the proposed fountain in front of the IBIC, the resume book, and how to get in- volved in the various committees on campus. The forum was videotaped in its entirety and is available in the ASLC Office if you are interested in viewing it. The ASLC would once again like to publicly thank the mem- bers of the panel for addressing stu- dent questions and concerns and bridging '.he communication gap between students ;md the iidminis- ;n>!it.;n This exchange of ideas and mfi:rmaiior! w^ . lewed by most pre- em as a poMin e and worthw rule endeavor, and the ASLC hopes to make this a semester event The ASLC" encourages studeni input on the various campus committees in- cluding Financial Aid Task Force and the IBIC Committee. Please inquire at the ASLC Office if you are interested in participating. IW. ,\7JV. A'OL 6 Be a Mentor by Connie Fu Most of us T-birds have travelled overseas before. We know very well that when we are in a foreign setting, we often feel lost and helpless, mostly Jue to lan- guage barriers and culture shock. It holds true for the foreign stu- dents on our campus too, who came all the way from their countries so this desert land. Have you thought about being a mentor to them and helping them adapt to the school and life in Arizona"1 The Foreign Student Mentor Program, organized by the Foreign Students Advisory Com- Summer semester for the first time. The program aims to help incom- ing foreign students adjust to life at Thunderbird and the sum Hindi n;_'x It matches students who \> iumeer to be mentors with the incoming foreign students to encourage friendships between them. Kimiko Thakur. the Chairperson of FS AC for summer, said that she was pleased with ihe 54 current students who volun- teered to be mentors. However, due to the time pressure to promote this new program, foreign students are not as, well-informed as the FSAC would like them to be. Therefore, there were only 10 in- coming foreign students who wanted to take advantage of the program. Kimiko would like to encourage more foreign students to participate in the program and make more friends during the pro- cess. "It was a partial success this semester," Kimiko said, "We would like to see more people join- ing the program next fall." She would also like toextendherthanks to the volunteered mentors this summer. The FSAC is preparing for the program to be implemented again in Fall 1994. Anyone who is interested in being a mentor or mentee, including foreign students, can contact Kimiko at 588-8320, or Gabriela Motxfino at 588-8313. Inside: Letters from Archamps aid Guadalajara, pg. 2 •ASLC.pg.3 •America, Russia, EE. pg. 4 » . Trap Shoot, pg. 5 59th Ave Journal, pg. 6 »DavidByme,pg.7 •The Ring, pg.7 No Talking in the Lib, pg. 8

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Page 1: Open Forum Bridges Communication Gap...matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard

July II. 1994 The American (iruduale SchtMil of International Management

WHERE'S THE MANAGEMENT?by Dave Eichom

All of us here at Thunder- bird are in pursuit of a Master of International Management, yet it is possible to go through the program without taking a single management course. While the other powerhouse schools in the US and other coun­ tries have required management courses as a pan of the curriculum since their inception, Thunderbird only got its management department going a few years ago. Is this right? What led to it and where are we going?

This week I spoke with Dr. Caren Siehl to get her opinion on how management is being taught, the school's policy and the general direction Thunderbird is headed. Dr. Siehl holds a Ph.D in organizational behavior (OB) from Stanford's Graduate School of Business. Since receiving her degree, she has been teaching OB courses on the graduate level. At the University of Southern California, she taught thecore gradu­ ate business management course alongwith upper level electives. Fol­ lowing DSC, Dr. Siehl taught at INSEAD.

Dr. Siehl has been at Thun­ derbird for two years now and in sucba short tune ta> become one of

the most popular and respected pro­ fessors. She teaches both Funda­ mentals of Management and Global Leadership, an upper level leader­ ship elective.

For several reasons. Dr. Siehl strongly advise;, that a student take management while ai Thun- dcrbirct Where manv see the courts

as developing "soft" skills which are not valuable to a future employer or career, Dr. Siehl believes just the opposite. "It is as absurd to graduate from here without tak- ing a management course as it is to not take a finance or ac­ counting course/'

But don't jusi take her word for it. Several articles which have appeared over the past five years in Forbes and Fortune concerning manage­ ment more than sup­ port her position. An employer will be look­ ing for at least a work­ ing knowledge of man­

agement and the other disciplines. What il boils down to is thai corpo­ rations need international business executives who can work with people from all walks of lite. suc­ cessfully lead small and large teams and understand and apply effective manasemem and leadership.

Dr. Siehl also points to

Thunderbird's competition. The ranking business schools in and out of the country have required man­ agement courses in their programs. Some, like Stanford, have moved to requiring three management courses. How can a Thundrrbtrd student compete in the job market without a comparable education'1

Not having work experi­ ence before coming to Thunderbird is also not advisable since it is next to impossible to discuss manage­ ment in a vacuum. Harvard is one school, for instance, thai makes tw o years of work experience manda­ tory before being accepted into the graduate school. For those students

strongly recommends taking an in­ ternship.

Another argument for management is that compared with the other disciplines, it is truly the most J\ namie Where management could be taught as part of a market- in!: or finance course back in the Mi's. mis is no longer possible Management hastruK emergedinio its own discipline, and DA. Siehl is constaniK reading. writing and re-

Continued on page 2

Open Forum Bridges Communication Gapby Rod Smith

Mote than 150 students, faculty members and administra­ tors attended the Open Forum spon­ sored by the ASLC on June 29. After an introduction of the panel members and a snort job descrip­ tion by each member, the floor was opened up to questions from the student body. Panel members in­ cluded: RoyHerberger, DavidVan Ness,JimSmolesky,LeeStiddand, Dean Brian Bates, David Ricks, Cathy King-Todd, and Misha Semanitzky.

The first question of the evening was about the long-term strategy of the school and Dr. Herberger's vision of the school. A student expressed his concerns that the school is overemphasizing the importance of professors publish­ ing cases, potentially detracting from their efforts in the classroom. Dr. Herberger and Dr. Ricks stated that the school has neglected the importance of publishing cases, which builds the reputation within the academia arena. The school is seeking professors who are recog­ nized and published experts witnin their fields, and we will see dra­ matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard Business School has thou­ sands. Thunderbird is no longer the the only school offering an MIM program and the school must be­ come more recognized in this era of increased competition. In response to a follow-up question. Dr.

Herberger hopes that with the recent AACSB accreditation, the school will break into the top twenty busi­ ness schools in USN&WR's rank­ ings this Fall, and place 5th in the country. Dr. Herberger also men­ tioned the tuition rate increase which takes effect in the fall semester with­ out any "grandfatbering" of old fees for current students. The tuition rates remain in the median range of the school's competition.

Many students had ques­ tions and comments regarding the foreign programs. Thepane! stressed the school's commitment to these programs as a foundation to differ­ entiate the school fromotherMIM's. Additionally, the school is trying to make these programs more attrac­ tive by increasing its offering of courses and faculty members. Sev­ eral students who took DF&T during the Spring Semester in Geneva ex­ pressed their frustration with a par­ ticular instructor who has yet to turn in his grades for the class. Dr. Ricks and David Van Nefc expressed that they are making every effort to track down this professor and find out what has happened to the submis­ sion of his grades. The weakness of the dollar is having a dramatic effect on ihe financial shape ot ihese pro­ grams, especially in Tokyo. The Foreign Programs Task Force is ac- lively addressing numerous student concerns which came up ai the to- rum.

Another quesu'on centered on the planned price increase of the dining facility's ten meal plan. The increase which will take effect in

Fall effectively raises the cost of a lunch or dinner meal to S7 per meal. Lee Stickland expressed the dining facility'sdire financial situation and his efforts to keep prices in accor­ dance with national university av­ erages. The price increase is a busi­ ness decision which will hopefully encourage more students to pur­ chase the 19 meal plan and thus increase revenues for the dining facility. The Business Office is currently reviewing prices and is calling in a food services consultant before making a final determina­ tion on the meal plan price sched­ ule.

The most surprising rev­ elation of the evening was student opinions of the new IB1C. Several students expressed how the center is not conducive for studying be­ cause of the lack of study cubicles. These comments were greeted with applause from the students and sur­ prise on the pan of the administra­ tion.

Another studentasked Ms. Cathy King-Todd about the pro­ cessing ot his fmancia! aid applica­ tions and his work-study paycheck.

lern-. She also announced the re­ newal of the Financial Aid Ta.sk Force which is open to all students who are interested in improving operations in the Financial Aid Of­ fice.

Another question was asked about the perceived lack of

student input in the decision to move to 5 week courses. Dean Bates and David Van Ness explained that stu­ dents last summer expressed their interest in 5 week sessions during the summer semester. Unfortu­ nately, the input provided last sum­ mer effects students this semester and may not accurately depict the interests of these students. David Van Ness stated there will be no add/drop arrangements for the sec­ ond 5-week session but the adminis­ tration will consider such arrange­ ments for next summer.

Other topics brought up included day-care facilites on cam­ pus, the marketing of the school in its recruiting efforts, the proposed fountain in front of the IBIC, the resume book, and how to get in­ volved in the various committees on campus. The forum was videotaped in its entirety and is available in the ASLC Office if you are interested in viewing it.

The ASLC would once again like to publicly thank the mem­ bers of the panel for addressing stu­ dent questions and concerns and bridging '.he communication gap between students ;md the iidminis- ;n>!it.;n This exchange of ideas and mfi:rmaiior! w^ . lewed by most pre- em as a poMin e and worthw rule endeavor, and the ASLC hopes to make this a semester event The ASLC" encourages studeni input on the various campus committees in­ cluding Financial Aid Task Force and the IBIC Committee. Please inquire at the ASLC Office if you are interested in participating.

IW. ,\7JV. A'OL 6

Be a Mentorby Connie Fu

Most of us T-birds have travelled overseas before. We know very well that when we are in a foreign setting, we often feel lost and helpless, mostly Jue to lan­ guage barriers and culture shock. It holds true for the foreign stu­ dents on our campus too, who came all the way from their countries so this desert land. Have you thought about being a mentor to them and helping them adapt to the school and life in Arizona"1

The Foreign Student Mentor Program, organized by the Foreign Students Advisory Com-

Summer semester for the first time. The program aims to help incom­ ing foreign students adjust to life at Thunderbird and the sum Hindi n;_'x It matches students who \> iumeer to be mentors with the incoming foreign students to encourage friendships between them.

Kimiko Thakur. the Chairperson of FS AC for summer, said that she was pleased with ihe 54 current students who volun­ teered to be mentors. However, due to the time pressure to promote this new program, foreign students are not as, well-informed as the FSAC would like them to be. Therefore, there were only 10 in­ coming foreign students who wanted to take advantage of the program. Kimiko would like to encourage more foreign students to participate in the program and make more friends during the pro­ cess.

"It was a partial success this semester," Kimiko said, "We would like to see more people join­ ing the program next fall." She would also like toextendherthanks to the volunteered mentors this summer.

The FSAC is preparing for the program to be implemented again in Fall 1994. Anyone who is interested in being a mentor or mentee, including foreign students, can contact Kimiko at 588-8320, or Gabriela Motxfino at 588-8313.

Inside:• Letters from Archamps

aid Guadalajara, pg. 2

•ASLC.pg.3•America, Russia, EE. pg. 4 » . Trap Shoot, pg. 5

• 59th Ave Journal, pg. 6

»DavidByme,pg.7

•The Ring, pg.7 No Talking in the Lib, pg. 8

Page 2: Open Forum Bridges Communication Gap...matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard

PaKe2

I0s» Zor July 11.1994

Manasement.-Conrinued from page !

searching to improve her courses and keep them current w ith what is being practiced by the best organi- /ations around the world. As a result, the courses she teaches to­ day are at "the cutting edge of man­ agement education." Dr. Siehlsays this is important because it is one of the two things she and the rest of the management group can do to keep students enrolling in their courses. It seems to be working Dr. Siehl averagesTOstudentsperclass. The other is to develop sequence courses. The professors are mov­ ing in misdirection by implement- ingthis fall WB4460and WB4466, the equivalents of the current WB 3400 and WB4400classes. The difference is that neither of these courses will be subject to waiver; the new WB34W will be taught as an undergraduate level course (sub­ ject to waiver and/or CLEP).

Despite the management group's efforts, however, students can still omit management from their schedules. It will be up to the cumculum committee and their chairman. Dr. Dennis Guthery, the World Business Department headed by Dr. Mathis. and the school to make management a re­ quirement. One point Dr. Siehl indicates might bring more atten­ tion to the subject would be a stake­ holder analysis. What isthe impact of having (or not having) manage­ ment at Thunderbird for students, future employers, the school, em­ ployees and others? It would be tough to find a group who would not benefit. Of course, it is the students who have the most to gain, and it is up to us to make sure we get what we want for our money.

furopcthis

Summer!

Pans $326" Amsterdam $391'London $395'Brussels $413'Madrid $435"Frankfurt $459'Athens $549'f*e tnaefi fcom (TOOT* txsea on «

120 E. University, Ste. E Tempe,AZ 85281

966-3544EURAILPASSES

Greetings from humid Geneva, where a spa! of very sticky 90+ weather has us longing for (he dusty days of Glendale. Unfortu- nately our air conditioning at the Hotel Citadines may have bit the proverbial dust itself, although ho­ tel management keeps insisting the technician will he in "next Mon­ day". After repealed trips to the front desk - and extensive reference to the strategy, "your best advertise­ ment at Thunderbtrd is a satisfied customer" - we've managed to get A/C working in all rooms but one

One of the non-Thunder- bird rooms was running some kind of escon service for several weeks. but after a few late-night disagree­ ments over global business strategy they seen to have relocated.

The classrooms in the countryside are beautiful. Every­ one is extremely pleased. The li­ brary has more books and newspa­ pers than we expected. A grassy meadow behi nd the converted farrn- house serves well for barbecues and for letting our adopted dog. a boxer/ shepherd, relieve herselt. 1 he down­ side is that classrooms are not A/C equipped, and by mid-afternoon the neat and humidity can be oppres­ sive. It's all pan of the summer experience at Archamps.

Three blocks from home is our neighborhood sweat shop, the Insititut Denis Fioraso. The owner

is a retired kick -boxer with a bit of a Napoleon complex and a permanent "I'm out for vengeance" look on his face A sign on the wall reads: "Je gueule mais je ne stiispasmeehant." Hours are some­ what limited but the machines and tree weights are excellent. Bring \ourown soap and towel and get ready to perspire - there's no A/C. no circulation, noteven a fan. At $35 a month, with no initiation fee, we can't complain.

Diane Hayton in Foreign Programs has a Genvea orientation book. However, if you have other questions about how to ship extra belongings, what to bring, how or whether to rent a car. etc.. please leave a note wihi Diane. She will forward it to us, and we'll be happy to write you back with suggestions. Also, we'll be having a Bam Sale soon and selling radios, shower cur­ tains.course materials, so check with Diane before packing those items.

We're all having a good time, eating well, enjoying the mu­ seums and culture of Geneva, ex­ ploring fall internships, and ravel­ ing as much as possible. Wish you were here'

South African Ambassador to the UNHis Excellency to Visit Thunderbind

The Arizona Women in In­ ternational Trade -Thunderbird. the International Business Women and the Africa Club cordially invite the Thunderbird community fora break­ fast with the Ambassador of South Africa to the United Nations, Vemon Rudston Whitefoord Steward. The breakfast will take place on Friday, July 15 at 7:30 a.m. in the Atrium (World Business Building). After the breakfast, at 8:30 am,. Ambas­

sador Steward will share his insights on South Africa and the United Na- tions in the AT&T Auditorium.

The breakfast is free for: AWIT-T members. $5 for IBW members and Africa Club mem­ bers, and S10 for other students and guests. The speech in the AT&T Auditorium is free for everyone.

R.S.V.P.:pleasecall Helen Lewis in the Public Affairs Office. Ext. 7761, prior to July 12.

"Scooter" Biers Hair Designs, Colouring t ferns

1722* N 43rd Ave • 8e!l3<r Plaza. Sate 107 • Phoenx. A? 853C8

PLEASE SUPPORT OUR ADVERTISERS.

THEY MAKE THISNEWSPAPER

POSSIBLE.

Carta de Guadalajaraby Tim I jrbier

Hello, how's it going in Glendale 1 Everything's fine down

here Mexico is a country nch in history, strong in tradition and abundant in cultural legacies. Bullet's face i t-we' re here to smoke Cuban cigars. Aside from crippling the Cuban economy over a tiff that has it's origins in the Kennedy administration, the embargo has denied the American population the nutty aromas, complex. spicy flavors and solid,

long finish of the Hoyo, Romeo y Julieta. and Castro's old favorite, the Cohiba Granted. Mexico makes a pretty mean cigar also, who can complain about the earthy spicy smoke, and medium-length finish of the Santa Clara or the herbal and vegetal flavors of the Te-Amo?

Which brings as to the topic of International Smuggling (no, its not a class). Being a fairly snaJlow person with an inkling for a cheap thrill. 1 wouldn't be able to sleep with myself if the attempt to bring back a box of Cohibas wasn't made. My original plan was to throw the box down my trousers and hope for the best. But my friend, the hard-throwing Chris Huber. advises me that the square crotch approach probably won't work. After a hearty debate, in which Spinal Tap was discussed and with an actual modeling of the look I'd be assuming. I camearound to his way of thinking. Embedding the box in the car was the next option considered. By my over­ whelming aversion to work ruled this approach out. Changing the box to a Mexican brand may seem like a good idea, but where's the thrill in that? Finally we settled on a quite ingenious plan. I'm going to put the stogies in my suitcase.

What are they going to do? Search me?

World Cup update. Mexico beat Ireland a coopte of days ago and the town went nuK. I watched the game in a local bar- the place was jam-packed at 1OJO am on a workday. Finally a country with priorities I can relate to. The US A is also making a name foricslf down here. Generally the Mexican folk don't want to see the US win. basically because if the "Gringos" advance to the second round, that will leave a "real" team behind- I think that it's a pretty weak attitude, but I'm usuallyout-numbered when the discussion arises.

Mexico tied Italy and took first place in their group. Again, the country down-shifted for the game and afterwards went a bit nuts. They'll play either Nigeria or Bul­ garia in the round of 16. either of which they can beat (sic). It's gen­ erally assumed that nothing will happen in Chinas untilaftertheelec- tion on August 22. And, the rebels would be shooting themselves in the foot, as far as public support goes, if they did anything while Mexico was soil in the World Cop. But if everything holds, the PRI wiD rig the election, win again, and prob­ ably attempt to crush the Zapatistas. The Zapatistas aren't dumb, mey're just really pissed off. Assuming they' ve studied history (their leader, Marcos, is a pretty smart fellow), I can't imagine that they think this election will be fair. So what do they have to gain by letting PRI get another six years so easily?

People are saying they'B wait until after the election, but my two cents says watch for somethingbefore who knows when—but anelection disruption would certainly get some attention, and aside from land reform, world-wide attention wouldn't hurt In any case, I think Vegas would put the odds of this eixtagDeacenJlyright up there with the odds on the USA winning the World Cup. As always, take these

The Gate"Wherever we travel, whenever we pass from one country to

another we must go through a gate. However. Has 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 failed.

Bas Jor must therefore bean open forum for debate, a clearing | house of ideas that may further prepare us for the international community and further augment the reputation of this youthful

! institution."-Bob Morabiio, Tovnding Editnr, J969

Angela Gblledge Rex Stepp Robert Pearlstein Susan Mitchell

Editor In Chief Managing Editor Design Editor Finance Editor Financial Manager Ad verti sing Manager

Lcocrs to the Editor aftSgjrirunsilJwd form. Opinions expressed therein arc not necessarily those of «» Zor. the student body, the faculty as a whole, or the administration.

I» Car 15249 North 59th Avenue. Glendate. Arizona 85306 (602)-978-7119 Fax: (602) 978-7971"

P» &>r is produced on Apple® Macintosh

Page 3: Open Forum Bridges Communication Gap...matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard

July 11,1994

By Keiry Boyle, ASLC Publicity Chair ami Susan Grille, ASLC Stu­ dents Activities Chair

The following is a series of questions that have been posed to us and we thought that the entire Thunderbird community would benefit from the answers. Why are no "Area Nights'* sched­ uled for this semester?

Due to the length of the summer semester and the large num­ ber of club on campus it is very difficult to schedule area nights for all clubs. In an attempt to be fair to all clubs, we have planned instead an "Around the World Party." This party will be held on Saturday July 16 at 8pm in the TAG All of the area clubs will be participating in the event. Each club will be having food, drink, music, and dress spe­ cific to their region. For those of you who have participated in the Interfest activities, this event will be an "adult version." The event is FREE, with a nominal charge for alcohol fn addition, each area club has will provide prizes to be won in a raffle ranging from a bottle of wine to dinner for two at a local area restaurant The grand prize, obtained

by the ASLC, will be two round trip tickets and hotel accomodations in either Cabo San Lucus or Mazadan! Look for members of area clubs sell­ ing raffle tickets this week. This should be a great event and we look forward to seeing you all there.

Is the ASLC sponsoring any other events this summer?

Yes! Look for information in the coming weeks about Movie Night. Presently, the ASLC and the Tower Cafe are going to co-sponsor a Movie Night complete with a for­ eign film, popcorn and drinks, hi addition, almost all events that hap­ pen on campus are sponsored by ASLC. As examples, global career expplccation, the open forum, and the majority of club activities.

How can I advertise ASLC funded evens or specific clubevents?

ASLC has designed a weekly calendar of student events that is published once a week. This calendar contains any event that a students wants to know about. If you would 1 ike to have your event primed r»n the calendar, place a note in the Publicity Chair's mail box in the ASLC offices by 5pm of the Wednes­ day priorto your event. Thisdeadline ensures that the calendar is received

by Das Tor in time to be published in their Monday issue.

If anyone has any further questions or comments please feel free to contact an ASLC member either in the ASLC offices or during Steering Committee Tower Hours. The ASLC office is open from 8:30 - 4:30. Monday - Friday and mem­ bers of the Steering Committee are available during designated office hours and Wednesday and Thursday 12 to 1 pm. in the Tower Cafe.

In addition.... Notes from the Graduation Committee

The Class photo will be held on Wednesday July 13.1994 to the area in front of the Tower, hi addition, any one interested in carry­ ing their country" s flag in the Gradu­ ation Ceremony should see felly Boyle immediately following the photo. A lottery system will be used to determine who will participate in the Flag Ceremony. Finally, there will be a cap and gown fining on Thursday July 14,1994. All of this information will be contained in the information rackets which gradual-

t &

ing students will be receiving soon. If you have any questions, please contact one of the Graduation Chairs. Britta Dempsey, Lisa Kite or Alicia Fins.

A Letter to First Semester StudentsDear First Semester Students:

We would like to let you know what has been happening dur­ ing the past couple of weeks with ASLC and" how it effects you, as first semester students.

One of the areas that has seen a lot of development is finan­ cial aid. A task force is being estab­ lished to study the problems and find possible solutions. The first meeting will be Friday, July 15, at 4:30 P.M. in the World Business building rooms 1, 2, & 3. If you would like to be involved, please

show upand let your voice be heard!!! Furthermore. Financial Aid has agreed to host a question and answer session if enough people are interested. If you would like to attend, please con­ tact Jon Lipsitz and let him know what times would be good for you. There will only be a workshop if enough people are interested and will attend.

After considerable talks with the administration, we unfortu­ nately have to report that no changes will be made to add/drop procedures for this summer's classes.

On the bright side, we have

What is the CSSC?by Julie Payne

There are three main ques­ tions I've been asked this summer and I'd like to answer them now.1. What is the CSSC?

The Career Services Stu­ dent Committee (CSSC) has three main functions. They are to act as a liaison between the student body and the Career Services Center (CSC), to oversee the regional ICO's (Interna­ tional Career Opportunities) and to organize special career oriented e%-ents such as the Exe. Exchange.2. What has the CSSC done mis summer?

Every Tuesday at 3pm and every Friday at 10am we lead CSC tours. These tours have been de­ signed to help students learn what kind of information the CSC has and where to find it. We also made CSC Maps. Ifyou're notable to makeone of the tours you can pick up a map of the CSC from the representative at the CSC help desk.

We also organized a focus group for the Graduate Associates (GA's) and formed a task force to

work with the CSC staff to deter­ mine and implement the top 10 im­ provements in the CSC. (If you have any suggestions, send them to my Campus Box #850.) 3. How do I begin my job search?

First, get to know the CSC Go in and walk around, read things, and most importantly ask questions! The CSC staff is there to help you in your job search - let them do their job.

Check out the resources in the CSC Library. The library offers books and videos on resume and cover letter writing, regional busi­ ness practices, specific company information, and helpful alumni lists. A good way to learn what the library has to offer is to volunteer to work therefor 1 houraweeMseeJeaniein the CSC).

Get career planning infor­ mation. Talk to the full-time career counseling staff in the CSC and at­ tend the resume and interview ses­ sions offered by the GA's.

Come see me if you have any questions/problems regarding the CSC. My office hours are Mon 12-1, Tues 12-land Wed 34.

learned that updating the computer system is one of the top priorities of the administration, and noticeable improvements should be made over the next several months.

The Administration Fo­ rum that took place on June 29 was videotaped. We encourage every­ one who could not attend to see this tape. Please get involved There are a lot of committees that need student members. Unless we are willing to help improve the system we really should not complain. Contact any of your first semester representa­ tives or the ASLC office for more information on how to be a part of the solution!

Sincerely,First Semester Representatives Cyndi Hanna Box 580 Birgit Roessler Box 740 Ed Beck Box 108 Chen-Pin Huang Box 613 Jon Lipsitz Box 1234

;: ASLC Meetingi * ^i j When: Even- Monday

: Where: T.V. Lounge. Tower Building Time: 4:30 p.m.

Agenda For Monday Meeting. July 11,1994

I. Call to order

II. President's RemarksOpen ForumIBIC celebrationCredit Card ChargesDanka meeting

ffl. Old BusinessPool PolicyGosswalkWeightroomAround-ihe-World Party

IV. New BusinessElections: foreip programs Graduation: flag ceremony Funding: skills series

V. Committee ReportsScholarship Committee Graduation Committee IBIC Committee

VI. Open ForumTraffic tickets

VII. Adjournment of Meeting

ASLC meetings are open to any member of the student body.Any student who wishes topui an issue en the ASl£ agenda fora Mondaymeeting can do so by submitting a motion to the Steering Committeebefore 4.30 p.m. on Wednesday of the week before.Yael CoifmanASLC President

SUMMARY OF LAST MEETING. JUNE 27.1994 'Election hours were voted on. They will be extended from 8:30 am to 5:00 pm in order to get students before their 9:00 am classes. 'Dodie and Yael are compiling input from students on the policy of family and guests using campus facilities. They will present their report at the next meeting."Denise. the TQM rep will start doing an internal survey and organiza­ tional chart of the ASLC in order to help us run more efficiently, less like a government and more like a business."The ASLC decided to recommend to security that they purchase security whistles. We will handle the distribution of the whistles.*Go$swalk problem. The ASLC will post warning sijms to all students re: the possible jaywalking tickets in the apartments across the street. Yael and Rod will also meet with the GlendaJe City Manager to discuss ways to make the crosswalk work.* The Steering Committee will be holding "Tower Hours"every Wednes­ day and Thursday, from 12-1 p.m.

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Page 4: Open Forum Bridges Communication Gap...matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard

Page 4 Bss Cor July 11,1994

America the Beautifulby Rod Smith

So another 4th of July is past. It was a great weekend to dot the i's and cross the t*s on my Tech Transfer paper that I've been working on dili­ gently since the begin­ ning of this semester (yea,right!). Ifyouwere fortunate to crawl out of town for the holiday on one of the local intemates, you probably thought there was a civil defense evacua­ tion drill in Phoenix. All kid­ ding aside, this holiday is a great opportunity to truly reflect on the real meaning of Indepen­ dence Day.

Without trying to come across as the "egotistical, ugly American," I am proud to have served in uniform (as have many other T-birds) to protect and defend one of the world's newer societies an oldest and most durable democ­ racies. But as we read a newspaper or watch TV, we're bombarded by stories such as the 0 J saga, the NRA fighthis the recency approved Hand­ gun Control Bill, the ongoing acri­ monious battle over abortion, etc.

Is this a country gone mad when thousands of people line the

freeways in LA and cheer a munier suspect? Is the media portraying OJ as guilty before a trial has even started? Why can't the average law-

abiding citizen keep an AK47 in his house? When

does a human life begin? When does the exercis­ ing of free speech be­ come illegal?

Is this really what life, liberty, and the pur­

suit of happiness have evolved into?

What would Thomas Jefferson think if he was to come back to life today? Would the brave men who signed the Declaration of Independence do so again today? The US. despite her flaws, is truly a great nation and offers freedoms and rights unequalled anywhere else. These liberties and rights do evolve over time, and they have evolved at great personal sacrifice. The 'land of the free and the home of the brave" is a iand rich with opportunity, and we enjoy an independence that our forefathers sought. I believe Tho­ mas Jefferson would be proud of his gamble in 1776.

T'Birds in Hong Kongby Andrf Doumitt

Despite my nearly being turned away for wearing tennis shoes, and then having to borrow a pair of dress shoes from the man­ agement, first Tuesday went off without a hitch in Hong Kong June 7th, with 40-odd FBirds choking off the bar at JJ's in the Hyart Regency. There were graduates working for Hutcchinson, Cham­ pion, Goldman Sachs, and Merrill Lynch, to name but a few, as well as several just passing through, and at feast one person working an in­

ternship (me) while still two semes­ ters our (I guess you could say I haven't earned my wings yet.)

The Hong Kong T Birds are getting organized under the able stewardship of Amparito Lee ('92) and several committee members. There is talk of organizing an. in­ vestment seminar, a discussion on marketing in Asia, a Peking Duck Thanksgiving dinner (a cross cul­ tural fowl).and they'veeven floated the idea of a FBird Junk trip. . For more info contact Amparito Lee at (852) 522-0195 or fax (852) 845- 2093. JoiQuin!

f Patrick L. Dobc&h, D.DJS.(ftncraf'Dcntistn/ *

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Russian Independence?by Ray Scurr

The concept of independence is a strange one to translate into the expe­ rience of Russia The Soviet Union was built on egalitarianism and Marx­ ist ideology, not independence. The term could be interpreted to mean political independence from com­ munism. Yet, even this doesn't re­ late weU tome American experience. From the American perspective, in­ dependence is the historic act of America breaking its political and economic ties with England. How­ ever, contemporary Americans also associate independence with self- sufficiency and personal freedom (i.e.the bill of rights). These con­ cepts, individual rights and nation- state relations, are a strange when viewed in a Russian context

A few years ago. Gorbachev initiated the policies of Glasnost and Restructuring. Glasnost gave the people of the Soviet Union persona] freedom of expression, al­ lowing open criticism of the govern­ ment. It seethe stage forthe eventual call for independence of the repub­ lics. The republics broke away, against Gorbachev'sdesiretorestruc- ture the political and economic sys­ tem while maintaining the Soviet

Union. Gorbachev had to give up control over the republics or risk great bloodshed. Then Gorbachev and the communist party fell from power beginning with the coup of 1992.

In one sense this led to a Russian independence, in that Rus­ sia was freed from its obligations as a hegemon of maintaining a mon­ etary, legal and defense system throughout the former Soviet Union. The real gain to Russia was to elimi­ nate its financialsupport to roe other republics. Yet Russians still blamed Gorbachev for tearing down a stable economic system and replacing it with chaotic market economy with inflation of 20% pet month. The new economic system left the ma­ jority of people with a rapidly falling standard of living and great uncer­ tainty about the future. Many called for a return to the old communist political and economic system.

Russia now had its politi­ cal independence from a one-parry system. Yeltsin eventually called for a presidential election the first of its kind in Russia. Yet the voter turnout for the election wasn't high. Many Russians (like many Ameri­ cans today) felt that there wasn't a meaningful choice to make voting

worthwhile. This may have been due to the Ixk of organization ofthe newly formed political parties.

Yet a true democracy win be difficult to achieve in Russia in any case as their culture tends to empower authority figures. For example. Yeltsin has been able to sub$taWi% increase the president's power of decree. In order to address the rapid increase in crime, Yeltsin has also given much greaterpowers of enforcement to the police. (e.g. the ability to detain a suspect for op to 30 days without charging them with a crime). Anyone getting rich in Russia is assumed to have ties to mafia and so must be criminal. So far Russians have only seen the worst of capitalism: a rapid in­ crease in business-related crime, exorbitantly expensive Western goods, and the inequity of the richgetting richer and the poor ga­ ting poorer.

For the average Russian, independence is associated win far more negative aspects man posi­ tive. Itissadrnartheycarmotshare Americans' reverence for indepen­ dence. It is only because they have had too many hopes and dreams shattered due to it. As Janis Joplin once sang, "Freedom's justanomer word for nothing left to lose."

Eastern Europe: What Happened in 1989?by Nacho Vazquez

To understand Eastern Eu­ rope, we must look to the past. After the end of World War II. the winnersdivided European countries between the East and West The USSR re­ ceived control of all Eastern COUIH tries; East Germany, Albania, Hun­ gary, Poland, Romania, Czechoslo­ vakia, Yugoslavia andBulgaria. This leadership by Russia included the installation of the Stalinist's Com­ munist Model, different from the original model of Karl Marx

Eastern Europe bad sym­ pathy for the USSR as their libera­ tors from the fascism of Hitler, but they never thought of the price they would have to pay. Peace was the price for making Russia bigger and expanded her hegemony in Europe. The line from the Communist Party was mandatory to all Eastern Coun­ tries. Their planned economy gave jobs to everyone for ten years. They produced more than enough goods in order to maintain full employ­ ment, but that did not matter. They had very low efficiency and produc­ tivity in factories because of this reason. The State was the owner of

means of product on.The structure of the gov­

ernment and the communist party was often confused because they were the same people in both places. It was almost the same working for the government or for the party.

The only party was the communist party, so there were no free elections. Between 12 and 20% of the population were members of theComrnunistParty, veryhighcom- pared to other countries.

It was not easy to become a member of the party. A 5 year proba­ tionary period was the norm before one could become a party member. Party members would receive ben­ efits that a normal citizen would not receive such as higher salaries and better education.

This Planned and Central Economy forgot to take care of the ecology, and there are some parts in Eastern Europe totally destroyed by industry.

Suddenly the Gorvachev factor arrived Until 1986, the satel­ lite countries had been regulated by the Brezchnev line, and then Gorvachev saw the opportunity and the necessity of installing the Sinatra

doctrine mywy which liberated other communist parties from Rus­ sian protection and their communist line. They did not have to obey the CP any more. These countries were afraid and did not know what to do.

The citizens were tired of standing in line every day for shop­ ping, tired of not having liberty and democracy, and tired of not having enough. They started to look to the West Tourism among the Eastern countries was very common and cheap. The East Germans were the first: they traveled to Czechoslova- ta and askedfor asylum in the West German Embassy and when they got it, the irony was that they had to travel through East Germany by train to get there. The sadly celebrated "Berlin Wall" began to fall. This was the beginning of a new story. The Cold War was over. Commu­ nism in Eastern Europe was over (though still alive in communist parties). It was very dramatic to watch the young Germans trying to escape from slavery in their own country and look with anxiety for liberty in another (also German) country.

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Page 5: Open Forum Bridges Communication Gap...matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard

July 11,1994PageS

Soccer Arizona Style-Ain't No "One-Nothin" Games Here

by Derek McCallum

The World Cup is draw­ ing to a close and America is about to experience soccer withdrawal. This can be alleviated however. The magical solution lies with The Arizona Sandsharics who are members of the Continental Indoor Soccer League.

This league is in the middle of its second season and is building on the tremendous success of its inaugural season of last summer. TheCISLnow has a league of fourteen teams, sixofwhich are expansion teams. Not only that, this is an interna­ tional league with a team in Monterray Mexico and more ex­ pansion bids in England, Canada and another in Mexico.

This game takes all the excitement of outdoor soccer and brings it indoors into a more per­ sonable en vironment. The teams ore seated dour, to six players per side: one goalie, two defenders, two midfielders and one forward This game calls for more touch, more control and more style and finesse. Not to mention this game also becomes more physical in the closer environment including boards to rub out the other guy (no pads on the boards because "pads are for wimps").

What else makes the game so cool? Not only can you make the opponents part of the boards, but since there are no out of bounds you can also use the boards as a tool for passing. Thereareno offsides, and just like in hockey, you get to harass the goaltender by standing in his path. Also like hockey, you change on the fly and get put in the box for two minutes forseriousfouls,calledabluecard.

Two blues equal a yellow and three a red, which means ejection.

You have two offi cials roam­ ing the fields calling the game and

Peter Ruah, Head Coach &TBirdGrad

also a third in the box watching for illegal changes and other violations. Because of this closed-in field of play, combined with the intensity of the game of soccer, there is always hold­

ing, pushing, grabbing and of course the ever popular trash-talking. Hey, there are even all out brawls which I must admit, adds to the excitement of

any sport.So what's up with The

Sandsharics? Not only are they a part of the Colangelo miracle mar­ keting network, they also supply a fast-paced high-intensity entertain­ ment event Sure the marketing spectacle of fireworks, music, free give-aways all make the evening worthwhile, but if you're a soccer fan. which everyone should be by now. this is more than a game.

Indoor soccer will not pro­ vide you with 1-0, or 3-2 games. Try 10-8 or 13-6 games. The scor­ ing is high, the shots are hard and the set-ups are more picture perfect than a Wayne Gretzky-Mario Lemieux goal. For example, the fewest goals scored by one team in a game is three, the most goals scored by a single team in a game is fifteen, the fewest shots faced by a goaltender...only twenty-four. And of course The Sandsharks have one of the most potent offenses in the league, with players who all have explosive speed and moves that would undress a virgin.

Also included in this Sandshark entertainment package is the Fin-Heads. Three soccer junky-gymnasts who run around the

field doing flips and with a giant sling-shot fling bails and T-shirts into the crowd. And on top of that, after every Sandshark goal, the player who scores will toss the ball into the audience as well....another souvenir for a lucky fen. There is also the Roaming Shark, a plush shark at­

tached to a remote-control truck, who hunts down the refs as well as opposing players.

RnallythereisPeterRuah, a '78 grad from Thunderbird as the headcoachof the Sandsharks. prov­ ing that T-bird grads do whatever they hold as thier ambitions. Now why is Peter so special? The fact that in the bench clearing brawl that I witnessed he was in the middle of it helping bis players...that is com­ mitment to your team.

So here we have it An international sport, an international league, international players, acoach with a degree in international man­ agement, and an article in an inter­ national paper at an international school. The Arizona Sandsharks have proved one very important thing to me, there is exciting soccer after the World Cup, all just down the street at the Shark Tank (America West Arena).

I've always wanted to try.......Trap and Skeet Shootingby Pete Dill

As we are all students and have somewhat stressful lives, we need a way to release this stress. Why not pull out a shotgun the next time you get frustrated with your favorite professor! That is, why not head to the local trap and skeet club and knock a few "birds" out of the sky.

Trap is the most popular of the two sports mentioned above. In this sport, a shooter stands at one of five stations arranged in an arc around a concrete trap house. A machine launches a series of clay pigeons which resemble 4" diam­ eter frisbees. The machine ocillates to throw the birds at difTerentangJes. The shotgun must be pointed down- range for safety reasons and is placed on the shoulder when one is in the ready position. Each shooter does his best to shoot the pigeons before they reach the highest point in their flvjno arc Dependis" en* O ——— J»»..-»———— £, ——— .

the event, the shooters are any­ where from 16 to 27 yards from the bunker.

Skeet is similar but dif­ fers in that the shooters attempt to knock the birds out of the sky as they are flung from two houses located on either side of the range. In each house there is a high and low target launcher. The clay pi­ geons can be launched individually or in doubles. Due to the variety of locations for targets to originate, skeet shooting tends to be more difficult to learn, but wonh the ex­ perience.

Let's talkfirepower. Both Trap and Skeet require a twelve

gauge shotgun. Other gauges may also be used in Skeet sbootingS-tlO, 28.20). Want to impress your friends with an explanation of gauge relative to shotguns? Maybe it'll be a Trivial Pursuit question, or you could throw it in on the IPE final wtei your knowl­ edge of Gilpin seems a bit shallow. Gauge has to do with the Kill Zone ex- size of circle a shotgun will make at a certain distance. A twelve gauge shotgun will make a 30" circle in a target at forty yards. As the gauge increases, the circle becomes smaller. The other aspect here is the choke, which deals with the spread of the pellets. In other words the size of the circle the pellets will make once they are shot out of the shotgun. Trap uses a full choke which makes a tighter, denser curie havingmore punch while Skeet uses more of an open choke, resulting in a wider circle having a better chance of hitting the bird al­ though with less force.

Trap is governed by the AmateurTrapAssociation(ATA)and Skeet falls under the guidance of the National Skeet Shooting Association (NSSA). There are also state organi­ zations which maintain local stan­ dards and promote these sports. Don Brown of the Phoenix Trap and Skeet Club is an outstanding source of in­ formation on this subject. This estab­ lishment is located at 12450 West Indian School RoadPhone 935-2691. For about ten dollars you can head out and give this sport a shot. Equipment Cost: Shotgun $400-22.000 shells 5forS25 clay pigeons 4 for $25 eye protection $5-30 ear plugs also required

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Page 6: Open Forum Bridges Communication Gap...matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard

Page 6 JuIvII.1994

IDE 591H AVENUE JOURNALWatching the Fed

While the United States' dol­ lar continues to soften against major currencies and even hit record lows, nationwaichers wonder how the gov­ ernment will react Any action taken to support the dollar will have significant implicationselsewhere in the economy, domestically and internationally. Any step taken for such external purposes will interrupt the •~——~ economicrecov- .... ,cry that the do- We cannot be sure anymestic economy action taken will haveis struggling to ^ Haired effectachieve. On the "1C Urc>ircu CI1CLI international ^-^ « ^ ^ ^ arena, we cannot be certain that any action taken will either have the de­ sired impact of supporting the dollar or be interpreted as supporting the dollar and not combattingdomestic inflation.

And what is this mysterious action that federal officials might take? It is one that should attract additional investment from overseas and there­ fore create a demand for the dollar by foreign currencies. In other words it is one that would make the Untied States a more attractive place to invest. The simplest way for the countrytoachJeve this is by providing a higher expected return on investment. This higher ex­ pected return is simply the interest rate. Foreign investors must perceive that this interest rate increase will al­ low for an overall risk and return pro­ file which is better than elsewhere. Herein lies the uncertainty of the exter­ nal effect of an interest rate increase on the dollar,

And why is it so "simple" for U.S. authorities to raise the interest rare? The ans-aws bes with the Federal Reserve Board <Fed>. It has se\«rai tools available to it which are aimed at controlling the money supply. It can alter Reserve Requirements for finan­

cial institutions, which, if tightened, will mean thai less funds are avail­ able to be pushed into the economy, causing the increased demand over supply of funds «o increase rates. The Fed can also set Margin Re­ quirements on the amount of securi­ ties financial institutions can pur­ chase. An increase in the margin == reducestheamount

that brokers/lenders may invest, tight­ ening the money supply. Through changing the Dis­ count Rate, the Fed

can encourage or discourage bor­ rowing by the banks. A higher rate, which would be desirable for pur­ poses of attracting foreign invest­ ment, would actually constrain the money supply and discourage do­ mestic lending. These three meth­ ods require very public statements by the Fed. »hich nuy not be Je- sired at this time.

Through Open Market Operations, the Fed can quietly implement interest rate changes without disrupting the financial markets. By selling treasury bills, bonds, notes or other securities, li­ quidity is reduced in the domestic system, causing rates to rise. These transactions are done in isolation from the total financial system. It is these techniques that we would ex­ pect the Fed to use, if any. in current circumstances.

We «. ill have to watch tor upticLs in short term rates when inflationary pre^ure- are not the cause We will HC much like those foreign ime^tors concerned about the return on :m cement. Forexter- naJ Fed » atchcrs. isolating the rea­ sons behind thesr actions is not easv.

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What's News-

FORADSimulation Update

The following is an up­ date of the progress of the Simu­ lation Games for WB5250 Multi­ national Corporate Finance class (FORAD). Each week, new glo­ bal political, economic, and fi­ nancial news will be printed in this section of Das Tor. This information influences the deci­ sions made by the teams parrci- pating in the games. We will update readers on student invest­ ment group standings and progress.

FORAD TEAM STANDINGS: .After Period 2

I During period 1 FORAD companies were severly impacted by slumping exportvsales and the sharply depreciating dollar. Every ie'am - s stock price fell during the period. Despite these tough economic conditions. Bear Essentials jumped from 4th to 1st place. Candace Cramer. from the Bear Essentials management team, reacted to ihe news. "Wow! I knew our conservative approach would pay offT

I After a major new stock issue. Mavericks Holding pulled into ; second place. As the investment banter's fees are amortized in riie j coming periods, will they be able to hold onto this position1

Economic Report Third Period

The United Kingdom:Althogh real GDP

growth came in below forecasts, the Bank of England has not moved to cut rales, some analysts say. because of inflation concerns.

However. Mr. Mark Brown, bond and currency strate­ gist at JP Morgan, said he thought the government was more con­ cerned about conditions in the real economv thaii inflation He predicted that the Bank ot En­ gland might wait for a clearer picture of inflation.

The skyrocketing pound has hit British exporters, and fur­ ther heightened concerns over the

dollar/pound exchange rate. Some analysts are expecting the Bank of England to move to improve the chaotic economic conditions.

Germany:Following the

Bundesbank's actions in period 1, inflation fears have further de­ clined. This, combined with a drop in interest rates, precipiiateda

After j 10rr appreciation of the D- mark against the dollar in the first period, the DM dropped 15% in the fourth quarter, moving back toward previous values. The Bundesbank has decided that an easing of monetary supply will be necessary, and it is expected to stablize the fluctuations of the last two quarters, white growth in Ger­ many is forecasted to be high.

The United States:In the elections tor the

Arizona senate seat in November. Mahoney w on witha landslide vic­ tory. He so impressed president Clinton that he has already been appointed to head a special com-

mission to the United Nations forthe study environmental concerns. Mahoney was equally as quick in appointing John ConkJin as his pri­ mary anache to the UN. With the success of his environmental tax policies in Germany, will Conkhn attempt to persuade the rest of the world to follow Germany's lead?

Economic growth is boom­ ing, fueling inflationary fears be- Cuuse of j Mxuurigiy unsustainable rate The dollar gained ground against the D-Marie, however, it fell sharply against the Pound Sterling.

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Page 7: Open Forum Bridges Communication Gap...matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard

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The Ringrn Kick M.UIUI

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Thunderhird Ring I thought it was ugly, gaudy, and may he I.Kis might've u orn one. As the semes­ ters came and went. I became in­ creasingly interested in the Ring because 1 was becoming a Thun­ derbird. Maybe it had something to do with my friends buying that nng or maybe it was that 1 became ac­ customed to seeing it. OK, I was corrupted. 1 no longer wanted one. I needed one. It's the only proof of the Thunderbird Mystique.

I've wondered where the Thun­ derbird myth came from and was it the same as the Phoenix. The man who designed and makes the Ring. Konni.t Liiuiam, informed me that the sen bbly design around The R i ng originates from the Yucatan-based Mayan culture. It represents the sacred migration symbol which is found at Mayan temples. The Ring's thunderbird is representa­ tive of the many different thunderbird designs which can be found in the Southwest. And I still have no idea if the two birds are related.

'Jtii ll.iiinrM|uii the rat race at ( in a ( iilu I ?SA wi came out to (In it-iii* wild hi* wilr Beny andtlrli Iwn ymint; i htklrrn Beforetii.-. MN< .Liy\. IK- was a Green Hr c-i I Irjhujtirrkk-d the Defense I a IJMIJJ.T IriMiIulr. (idcthe Insti- lui , ,nui {.tnnltiaird from the L'ni- vc -,iiy i»l Ninth Carolina. As an <-ii iluyrr nl TIK.I Cola USA. he tci initrd iminy ["Birds and just w.inii-dii throne of them While at I" Hiiil. hr taught flying to other students Alter graduating, he de- ndrd that IK- wanted to do his oun tiling, soiiR-thing non-traditional. dillcrent. unique, something Tom I'eters-ish Thai's when he got the uk'a of designing the most distinc­ tive- ring in the world

Originally, Hannis sold Indian jewelry at school. He noticed that anything with a TBird sold well 'Ikit's when he decided to create the. now famous. Thunderbird Ring. Initially, there was some resistance to the idea of having a different kind of college nng. Since that time, things have changed. Former Presi­ dent Voris wears one. Sheik Yamani has one. and soon I'll have one too. I'm getting it on the recommenda­ tion of a business contact. He said. "If you come io iiic school and you don't do anything, get The Ring. Because if you're going to do a presentation in international busi­ ness, they're (TBirds) always there."

But it's the stories which intrigue me the most. I love the idea that The Ring guarantees three flybacks, six interview's, unlimited job offers, makes beer taste better at the Pub. and helps with dialogues Oh sure. maybe it hasn't held true for every­ one but Hannis swears no one has

come back to complain.The very first story which got

back to Hannis about the ring was about a time when a TBird was drinkmgata Mexican cantinaanda bottle of tequila am ved at the table. The owner's son was a TBird and the father recognized The Ring. Since then, the stories have poured in It seems that this nng really attracts attention Another reason for me to get one

All fooling aside, the one story uhich impresses me the mostis a story about a TBird who u orked in Saudi Arabia hut came tack to America. While kicking around hack in the Stales, he went to a cocktail part) in Tampa. Florida A man recogni/ed him as a TBird because of The Ring. The poignant aspect of this exchange v. as that the man who recognized the Ring, uasn't himself a TBird. As a re­ sult, the TBird got an interview. This story can be corroborated b> Trevor Stansbury of Ecotech.

{Each Thunderbird Ring is hand­ made and has been individually- inlaid vith a unique mosaic of natu­ ral semi-precious stones. Hannis also makes a tie pin, a stick pin. and can .special order other iterr.:, :,ach as cuff links. I can't wait to get my very own ring. I ordered the gold nng with the green fluorite because. like turquoise, it's a by-product of copper mining. And Arizona is the Copper State.

Hannis also makes the official nng for the U.S. Air Force Thun- derbirds. Don't worry, it's differ­ ent than ours.

You can catch Hannis and his wife at the Post Office at the begin­ ning and end of every semester.

David Byrne

Weenies Need Not ApplyBy: Terry Hearst

Grasping forthe next hold, you stretch your arm. The tips of your fingers touch the rock and you start to move. The rock rips loose from the faceof the cliff and you fall away from the rock to....bounce to a stop as your safety line stops you from squishing against the ground.

Rock climbing. Safe? Dangerous? or just stupid? To the uninitiated this fascinating sport seems mostly dangerous. To the initiated this sport seems like calcu­ lated risks for the differently minded.

Climbing has become the team building sport of the 90's. Even here on campus, a wall was set up to build team spirit. What makes it so popular for this? Rock climbing requires that members trust each other implicitly. Many times it is only with the assistance of another member that the climber can reach the top of the "cliff". When the consultants take their group to the real rock, the situation changes, from a fall to a grass lawn to a fall on

rocks. How much do you have to trust your partner? As my climbing partner said to his wife when she asked, "1 trust him with my life." Exaggeration? Writer'screative lib­ erty? No.

Contrary to popular be­ lief, bulging biceps and rippling pec's are not mandatory for this sport. Flexibility and endurance are the greatest assets that one can bring with them to the rock. This exciting pastime can be broken down into categories. Bouldering is the art of finding large rocks and climbing on. around, over, or between them, with­ out touching the ground. While this may appear simple.onemayquickJy find himself in a compromising situ­ ation. Rock climbing can be sepa­ rated into top-knotting, lead, and free climbing. Top-knotting is the easiest and perhaps the safest. It consists of tying an anchor to the top of the cliff, dropping a rope over the edge. One end is tied to a harness on the climber and the other to the Delayer (person on the ground). As the climber ascends the rock, the

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Delayer takes up the slack in the rope. If the climber should slip, the belayer keeps them from falling to the ground Simple.eh? Lead climb­ ing requires that the first person attach anchors in the rock as they climb, if they fall they fall to the last anchor. Free climbing is bouldering on a cliff.

Arizona's climate that al­ lows for year round climbing. Dur­ ing these hot summer months the less hot climate of the north is a great place to retreat to. However, if the drive to Payson, Prescot, or Flagstaff is too much, there arc still places here in the VaJley to try. For the beginner, there is a climbing gym in Mesa that will teach you the basics in a safe environment. For the advanced climber the gym of­ fers an airconditioned environ mem to perfect your moves. The gym supplies all the equipment needed, for a mere SI 3. (S5 for the equip­ ment and 58 for a day pass).

For more information you can contact Terry Hearst at 978- 6353.

bv Mark Hardt

Former lead singer of the Talking Heads. David Byrne. has recenth re­ leased an album on Sire Records. Th^ marks Byme's return to his signature sound after for­ ays into Bru/il- lan and World music. It is all here ringingguitars, quirky sounds and way- out-there lyrics.

Scottish bom Byme has made a dense and complicated, but very listenable aJbum. He has ditched synthesizers for standard rock instruments played in his dis­ tinctive way. The f/f>i s,ingie is "Angels." It demonstrates David's melodic, quirky sound with con­ founding lyrics. Get a load of this "there are no angels left in America anymore, they left afterthe Second World War heading west."

Sonically the album has a deep bass and REM-hke guitars with a multitude of sounds like church bells and unusual sounding drums. ThisCDisaveri'ablesonic garden. "You and I" sports psy­ chedelic guitarnfts. The third song. "Crash" has a irninge guitar with cacophonoustempochanges. "Sad Song" fuse-> Jim Momson-style poetry with Bra/ilian dance mu­ sic. You could play it during a Salsa-Meringue class. "Nothing at All" pairs up an ultra-cheesy NHL hockey game organ with the guitar rift from the Suicidal Tendencies cult classic "Institutionalized" while making religious metaphors about Baby Jesus and Holy Moses. The funny thing is, only a talented but twisted musician like David

Byrne cm pull it off. "Lillys of the

Field" features clicking drum sticks", pounding bass line, and a funky guitar *ith David singing about childbirth and sinking boats. All of this is con­ nected <* ith a cho- rt)sexdaimmg"we are all JM lilliesof the volley" Pre­ tentious'1 Perhaps in the hands of a less taleniedlyn cist

and musician.This is a very challenging

aJbumand thus a never boring album to the ears If you like the old Talking Heads stuff you will he delighted with the dease and sonically packed songs. This is definitely no parry aJbumand has more in common with Pink Floydthan Byme'salhums w ith the Talking Heads. No "Burning Down the House" here. If you lean more to pop or soul you maj find this album irritating.

If you can only listen to one song to make your purchase deci­ sion, listen to "Strange Rituals," It is an almost operatic piece lasting about 5 minutes. The whole album con be summed up in its drug free halluci­ nogenic lyrics accompanied by eery guitars, ringing bells.chanting voices and David's emotional and soothing quasi-baritone voice. He sings some real gem lines like "I met some peope in the a remote village proudly wear­ ing digital watches" and "J saw a French corporation that doesn'trnafce .. .anything" (so true). Is he the Bob Dylan of alternative rock? Bob used to say it is all in the phrasing. Byrne has that down to a science. If you like "Rituals" buy the whole album. If you don't like it. try the Village People reunion album

Page 8: Open Forum Bridges Communication Gap...matic changes in the faculty over the next several months. Currently. Thunderbirdhasapproximately I'V) cases in iis case library while Harvard

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party will be an caes- sion of the main event, with bee; pop, and mundues; we win cel­ ebrate with a disc jockey ontO 5:00 am. The dress code for the party is semi -formal. Suits for men aid cocktail dresses forwomen are most appropriate

An ultracoovenient shuttle bus will be avalable to trans­ port you and your guesc to and from The Poinie from the Thunder- birdCampus, TheGraduatk»Qsn- minee urges you to use the stonte sen-ice if you plan to drinkd!

Advanced tickets sales will sell between July 18 and 29 at a price of S25. The price in August will be $30, while at tbe door you will be charged S35.

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