AMERICAN GRADUATE SCHOOL OF INTERNATIONAL MANAGEAdENT

Vol. XX No. I 8Pag«s Oct. W, 1984

New Tools Revolutionize World of International Finance

By Paul M. DickieFutures, options, and swaps may sound

like new approaches to the dating game. But in fact they arc the new and heady tools of international finance Corporations and banks are increasingly using such tools to manage their interest rate and exchange rate risks. More surprising perhaps, these new tools mask the underlying trends in in­ ternational finance Hat are even more revolutionary.

Take, for instance, the position of the U.S. Between 1970 and 1978, the U.S. exported to the extent of over $75 billion. In 1979, the position reversed, and in the following four years the U.S. borrowed double that amount: a net total of $150 billion. In 1984 alone, the U.S. must not only renew those debts but must also attract an additional $100 billion to finance the forecasted current account deficit of this year. At this pace, the U.S. wUl become a net debtor in 1985.

"So what," you say, no need to read the next IF&T lecture in DAS TOR."

weH. these trends and the introductions oinew financial tools will ultimately ek»t»r

mine witvre Uw job* wffi be. what insata- lions to work for am the skills needed for advancement. The international financial marketplace wUl become a very different place over the next decade.

The consequences of the U.S. seeking $100 billion in new borrowings overseas this year are major. Here is perhaps the most healthy industrial economy seeking savings from Europe, Japan, and even from the LDC's to finance its growth. To attract such funds in­ terest rates in the U.S. must be maintained at high enough levels so that corporations, banks, and public entities are forced to bor­ row overseas where the rates are lower. Morever, to ensure that enough foreign sav­ ings could be attracted, in August the U.S. repealed its longstanding interest withholding tax on foreigners.

Previously, if a foreigner had a bank deposit to the U.S., 30% of the interest in­ come was withheld at source and paid to the U.S. Treasury. Under negotiated bilateral tax agreements, that rate of withholding

might be reduced for residents of countries like Canada. However, when you need $100 billion in one year, you cannot afford to fool around, and off came the interest withholding tax. The impact? The U.K.. Germany, and France followed in rapid order. An integrated, world-wide capital market free from restrictions, is coming sooner than many believe.

So we come closer to the financial concept of efficient markets InternatfonalSy thcr. what? Remember what happened to banks in the U.S. when the efficiency of the capital markets was enhanced? Large corporations began to use the capital markets directly without any intermediation from the banks. In some cases they were able to borrow directly at rates below what the banks paid. for example, with commercial paper. Banks were cut out of the large corporations' bor­ rowing program. The same thing is happen­ ing internationally. Thus international bank lending as we knew it in the 1970"s is a declining industry. On the other hand, inter­ national finance at the corporate level is in-cr«-a««r»Kiy important as numerous capital

assessed to ensure the lowest borrowing costs.

So why are those interest rate and curren- ty swaps used if international capital markets are increasingly efficient? How can one multinational or bank achieve fine rates in one capital market and not have ef­ fective access to other markets? There are still many remaining restrictions including those that are intended to do nothing more than protect the investor, as do the SEC regulations in the U.S. These U.S. restric­ tions effectively keep out foreign corpora­ tions oriented toward secrecy and those that wish to tap the U.S. capital markets quickly. Equally important are the restrictions in the Swiss and Japanese capital markets that in­ hibit ready access for large volume issues. Thus, there are still many reasons why swaps are an attractive way to gain ready access to other capital markets in the short term. Yet because of the gradual elimina­ tion of capital controls and the difficulties in

International Finance continued on page 3

World Affairs ConferenceTopic Overview

Ms. Virginia Mona Schlundt. President

Strategic Vision: The International Com­ munications and Information Group

Luncheon Speaker Mr. Gordon Cloney, Director International Insurance Advisory Council U.S. Chamber of Commerce

Panel I: Corporate Implications Transborder Data Flow

Mr. Bernard Vash, Expert Administration Control

VISA-USA Incorporated

Mr. Jerome Lobel, Manager, Computer Services

Honeywell Information System

Mr. William Strong. President

Teledyne Industries International

Panel II: Regional Implications Mr. Sergio Ahumada, Director Computer Services Mexican Department of Health

Mr. MorikazuTakahashiFirst Secretary, Embassy of Japan

Of Panel ni: Balancing Conflicting Needs Ms. {Catherine F. Hauser. Director. Telecommunications Policy

Services & Trade Policy Development Office of the U.S. Trade Representative

Mr. KarlSauvant,Transnational Corporation Affairs Of­

ficer UN Center on Transnational Corporations

Mr. James J. Basche.Senior Research Associate

International Business Management Group,

The Conference Board

Banquet Keynote Speaker.Mr. Philip Onstad,Director of Telecommunications PolicyControl Data Corporation

Jazz lovers in Sedona brave a brief drizzle.

T-birds Jazz it Up in Sedonaby Jim Bogin

Last Saturday at least 50 intrepid T-birds aided their personal procrastination pro­ cesses with a trip to hear some jazz on therocks' at an outdoor concert in Sedona. rtflile oincrs were slipping «, l».w..._tilanguage tapes, or waiting for the Horary doors to open, we were watching balloon practice over the airfield before heading up Route 17 at 7:00 a.m.

Around 1500 people assembled ten miles south of the city to hear the sounds of Les McCann. Francine Reed and others in a meadow between the mesas. Shuttled by bus from the parking lot, portaging sizeable coolers and blankets, the T-birds were ubi­ quitous, and famous too, as we were greeted over the loudspeakers as the future business leaders of the world. Some were drinking rum punch, and others beer or wine, smok­ ing unfiltered Indonesian cigarettes, some were huddling under quilts as the temperature plunged below 60, some were

munching homemade ribs at $2.50 a shot. some were standing in line for the portable toilets and others were independentlyresearching mother nature, and everyone

on piano proved a favorite, there was bluegrass. there was something a la Ella Fitzgerald. Les McCann had us dancing, trying to convince us to love one another, and Francine Reed regaled us with Birdland while balloons floated upward into the even­ ing sky.

The dust settled and we shuttled or hiked out of the canyon to our Dodges and Hondas, Toyotas and station wagons on the moonless night. Some headed home, others braved the line of Mercedes and other similar upscale vehicles in the Oak Creek Owl parking lot, still others sought the comforts of the Ranch Kitchen with their homemade chili. off the wall waitress, and canned fruit pies. A love­ ly time was had by all.

Bridging the Cultural GapBy Philip S.Gutis

As the commercial titans of the postwar world, most United States businessmen and women have tended to believe that everyone can or should speak English and understand American ways.

To correct that attitude among future managers, two graduate schools have developed intensive programs in what they call "cross-cultural communications," or global management." They combine a

study of the culture the political system, religion, anthropology and the language of a country or region, with traditional business school courses.

"Historically, many international business courses spent most of their time speaking about international blunders by American businessmen," said Jerry Wind, director of the Joseph H. Lauder Institute of Management and International Studies at the University of Pennsylvania. "Now, we are trying to develop a cultural sensitivity."

As an example. Dr. Wind said, the in­ stitute is planning a course in which foreign businessmen and women square off against American students in mock negotiating situations. One of the nuances of interna­ tional negotiations of which the Americans will quickly become aware, he said, is physical space: Americans generally prefer to keep much greater distance between themselves than is normal in other cultures.

Still, "there is no checklist that says. If you are negotiating with X, you do YY* he said. If students are properly sensitized, they will get enough clues so that they will know what to do."

Robert Moran. director of cross-cultural communications at the American Graduate School of International Management of Phoenix commonly known as Thunderbird. after the deactivated pilot- training center that served as the school's first campus said his curriculum seeks to implant skills for life in other cultures. "We know they are different, but how do we work effectively with them?" he said.

To develop those skills, Thunderbird uses case studies and. like the Lauder Institute, role playing in which American students negotiate with foreign students. "After a short while," Dr. Moran said, "you can generally feel the nationalism, the restraints."

Cultural differences quickly surface, for example, in mock negotiations between American and Asian students. -The American team is prepared to make a deci­ sion fairly quickly," Dr. Moran said. The Asian team is not so willing. The result is frustration, and inappropriate, ineffective behavior that does not help the Asians make a decision, but hinders their process." To avert this, he said, American students are advised to refrain from putting pressure on

Gap continued on page 3

2— HAS TOR-Oct. », lf§«

To the Editor:Recycled Exam Papers

There has been a good response to my call for informa­ tion about professors who repeat old and sometimes not so old > exam papers I gave several examples of this to the Ad­ ministration in September, and I have just given them another one from the midterms.

If you are given an exam paper which you have seen before, please report it to Vice President Geer. Alternative­ ly. if you prefer to remain anonymous, please report it to me. and I will handle it discretely.

Fortunately, the problem seems to be narrowing down to only a couple of exceptionally lazy professors.

AJanSauran ASLC Academic Affairs Chairman

New Apathy is "Nouveau Chic"

Editor:Tuesday, November 6. is a general ejec­

tion, whia Includes electing our next presi­ dent. Unfortunately, close to half of the American populace will not cast a ballot. This percentage includes AGSIM students.

According to an informal survey on cam­ pus, many students are not voting, either by absentee ballot or directly. The pat excuses include: "My mother didn't send my absentee ballot;" 'They are both bad;" "I don't care."

1 find it appalling that supposedly adult students at a graduate school of interna­ tional business should carry such attitudes. A mentality that being politically blase and non-participatory in the electoral process is totally acceptable and Muvetu dUe per­ vades this campus. One apathetic T-bird ac­ cused me of "having politics on the brain." This is true. (What about sex. drugs and rock 'n roll?) Apathy is a cancer. H is a synonym for civic irresponsibility, intellec­ tual vacuity, and social sloth.

As educated Americans and rising inter­ national business people, we have a respon­ sibility to participate in tbe electoral pro­ cess. It is inexcusable to act otherwise. A nation can only be considered a democracy if tbe polity takes pan. As representatives of the U. S. abroad, we will be called on to answer for, and perhaps justify, the actions Of the most oouwrful «v"^^ of «*rtfa. The repercussions of IT. S. policies abroad «reoften condemned by other governments and their citizens. We will. In effect, be diplomats. This is an arduous role to play.

Political sophistication is an asset in the "real world." For this reason, institutions such as AGSIM teach courses on politics. In your business courses here, both marketing and finance, you may have noticed that political factors affect business, from ex­ change rates to Joint ventures. This is what the guys working in the White House, Capitol Hill, Pentagon and Foggy Bottom are all about. At the same time, political factors affect tbe status of the human race, i.e.. who eats and who doesn't, who fights and who doesn't. Keep all this in mind onTucsday BetsyCarr

________ Business Manager, Das Tor

AMEHKAN CHAOUATE iCHCOL Of INTCRNAriOMAI. MANACEMENT

THE GATEAt The American Graduate School

of International Management

978-7119

EDITOR: DANIEL MOSER ASSISTANT EDITORS: LEE YOUNG JOHN

SOULA STEFANOPOULOS COPY EDITOR: SHARENEREKOW BUSINESS MANAGER: BETSYCARR CARTOONIST: FRANK MATHEBPHOTOS: MARCGALLIN

DAN MOSER

DAS TOR accepts and encourages letters to be submitted on any subject with relevance to the Thundertwd community

To ensure the maximum expediency m publishing, afl submis­ sions should be typed, double-spaced and manjro Mt '£> and 7U

Letters should be sgned and are subied to revawn at the editor's discretion

SrriteS ^gatft.

Let's aenvoj/jK another five r*»fat/fltt. w(Hi,

Consider When You Vote...1. Republican politicians and voters have through history

smoked, doped, drunk and soed less than Democrats, were more intelligent more successful! <sic> in business before becoming presidents. Read John Flynn's "Roosevelt Myth," B. T. Washington's -Up from Slavery."

a. me Republican treed ttoe slaves (Lincoln)... Democrats opposed It.

3. Republicans have always favored greater individual freedom and less govt. meddling. Read V. Ill, H. Hoover's Memoirs. Depressions caused by bought and stored govt. commodities. Aside from the military, post office, and govt. service, govt. does nothing economically.

4. F. D. Roosevelt, the father of the Democratic Party as we know it today, was a failure in business, never made a penny, was the first to recognize Russia, had communists sleeping in Lincoln's bed, and after six years In the White House (during depression), bad more unemployment than at the beginning. Campaign speeches he made fat 1932 (about -planned economy") could have come out of Marx's writing. Read Bible, Manchester's Biographies.

5. Reagan's administration has seen greatly reduced In­ flation, much improvement in Job market, improved na­ tional dignity, more courteous police service, and a much- needed reminder to the American public that this nation can not survive when it's (sic) energies are constantly spent on smoking, doping, doping and endless pursuit of sex. Read Reagan's Where's the Rest of Me."

6. Abortion is simply murder, a madness, and the only ac- tion is to outlaw it. Hart's promises of free abortion appeals to degenerates... demagogery (sic).

7. People who do not smoke and drink and chase sex can take care of themselves (without govt. help) and anyone having employment and financial trouble should junk ob­ vious foolishness until they are solved.

8. The truth is that Democrats get themselves elected by appealing to the unimaginative, the stupid, the homosex­ ual, welfare recipients (a very high percentage of whom got in that predicament by immorality). Carefully examined. Social Security is a grass swindle, and Medicare is a madness. TV A was never economical. Read the appendix in Reagan's book, "Where's the Rest of Me." Handout money for abortions, degenerates and leeches is desperately need­ ed for defense.

9. This is written by someone who lives in the street and is not a millionaire. Democratic candidates are competing to see who will promise most abortions and handouts to whores and leaches (sic).

10. Businessmen (Republicans) are much more tolerant of individual eccentricities than government beurocrats (sic). Police state and welfare state go together. Since Lin­ coln, Republican presidential candidates of higher moral character.

11. If you examine the story of their lives, you would see that the signers of the Declaration of Independence would all be Republicans today .

12. When I was a kid, 40 years ago, there was no mari­ juana, women did not smoke in public (and if she smoked at all she was considered a whore), there were not "GAY" Parades, and people inclined to this did not advertise it.

13. I've three brothers who are millionaires (though I have nothing) and they all made it on their own, starting with nothing, by hard work. Read Cooiidge's autobiography.

14.1 am well educated (MA 58 Vandertilt), read lots of history and biography and am crazy about Reagan. AD of his life be has displayed very high character.

15. Not necessarily to support all of his acts, but Hitler spoke truthfully in 1924 in Mein Kampf. "Let at never forget that the current leaders of soviet Russia are common Wood stained criminals, that they are the scum of humani­ ty, that they have overtaken a great nation (text tmmdabien that they have slaughtered and wiped out tent of thousands of (text unreadable)....

The above text was submitted by Jimmy fiodewald. woo received it as a letter from a New York City correspondent (If anyone is likely to be qualified to write on Coe courteousoess of police service, it is probably hint .1 So, tor what it's worth, there you have a political pulse taken on the streets of New Fort City, circa 1364.

In Our Midst...To the Editor:

My indoctrination to life in a large city came quickly. In 1970 my family moved from our woodsy nest in the nor­ theast to the then booming metropolis of Houston. During my first week of junior high there, my 3-speed bike was stolen. I had failed to realize the necessiry to lock it the first time I rode it to school. I never made that mistake again.

When I moved to Austin to attend college, my roommate and I found we were able to leave our house unlocked with no fear of thieving.

When I came to AGSIM I was happy to perceive an at­ mosphere even more secure than my neighborhood in Austin. We were living in a collegiate resort, buffered from the realisms of the outside world by acres of ballooning grounds and gaming turf. Those allowed in constituted a group beterogeoous in demographics, but surprisingly homogenous In attitudes. Together with a belief of understanding, and an appreciation for compromise and acceptance of differing cultures, we are ONE here at Thunderbird. That is why I was so surprised at the amaz­ ingly overt betrayal of this unity last Saturday (the 20th) at Monte Carlo night.

I am not so idealistic that I was not keeping an eye on the ASLC sound system, for which I have responsibility especially during the auction when people were gathered around the stage. But I was surely shocked when I saw a certain fellow begin to manipulate a bottle erf wine with his foot. < I had won that wine in an earlier raffle and had set it on the floor next to the sound system.) 1 watched closely to be sure it wasn't an inadvertent attempt to gain better footing to participate in the auction.

Once again he booked the bottle with bis foot and slid it behind bis legs. Standing five feet away. I was screaming at a with my thoughts, asking him if he really thought he could get away with this? I pointed out this apfwenttbett in progress to my friend standing next to me, and we decided not to approach this fellow unless he actually picked it up and started off with it.

My positioning was now such that be could not walk out without brushing shoulders with me. We watched in amaze­ ment as tmsfeUow reached down to scratch his leg and con­ tinued his reach to grab the neck of the wine bottle He regained his posture and started walking, carefully placinc tbe wine bottle inside his coat jacket By the time be-reach, ed me, the bottle was no longer visible and he appeared

In Our Midst continued on page 3

Cultural Gap in Our Midstthe Asians.

To operate effectively in Moslem coun­ tries, said William Voris, president of Thunderbird, "You must understand the Moslem religion, what the Koran means. The whole day is governed by the religion."

Thunderbird. which developed its cross- cultural communications program in 1976, and the Lauder Institute, which was started a year ago with a JlO million grant from the cosmetics family, have gor_e further than other business schools in internationalizing their curriculum. The goal, said Reginald H Jones, chairman emeritus of the General Electric Company and chairman of the Lauder board of governors, is to "export a cadre of American citizens that can handle themselves abroad."

Students at the Lauder Institute, which was established last year, take classes in a selected core curriculum at the Wharton School, and also enroll in liberal arts courses in their regional concentration: Western Europe, East Asia, Latin America or the United States and Canada for students studying English as a foreign language. They also spend two summers abroad, including one at a foreign corpora­ tion or a foreign subsidiary of a United States company. Students who successful!) complete the institute's two-year program earn two master's degrees ta business^d- ministration from Wharton, and in the art£

continued from page lfrom Its School of Arts and Sdencel.

Lite the Lauder Institute, ThunderbW focuses on training in business, language and culture. But the program, which leads to a master's degree to intematiooal management, takes one year to complete and does not involve any foreign intern­ ships.

Possibly the most significant immpact ol the Lauder program. Dr. Wind said, is the mternationalization of the entire Whartor business and management curriculums Professors who teach business courses for the institute must internationalize tbeii syllabuses, introducing an international ele­ ment to all their courses.

Robert H. B. Wade, director of tne Washington office of the American Assembly of Collegiate Schools of Business, said the trend toward global management programs is likely to accelerate.

He added that the largest obstacle to in­ ternationalizing business school cur­ riculums is the faculties' lack of apprecia Uon of its importance. "We find that most subjects are stUl being taught as if all business stopped at the water's edge," ht said. The most important objective now i$ to internationalize the existing courses."

f TTiis article is reprinted from the New York Times of October 7.1984, and was submitted (or your interest by Sandy Salgado, >

Actions Taken by Board of TrusteesThe annual meeting of the Board of

Trustees was held on campus October 12. ISM. Action taken included:

1. Approval of the changes in degree re­ quirements recommended by the facul­ ty for World Business ami Modern Languages departments, effective Fall 1985;

2. Appointment of a building committee composed of Edward B. Juliber, Gary Herberger, Clay Bedford, Willaim Voris, Berger Erickson, and Tom Bria;

3. Election of one new Trustee:James Parkel, Director, Personnel Ser­ vices, IBM;Re-electJon of U>c following Trustees:Norman E.Auerbach ShennanHazeiUne Edward B. Juliber Joseph M. Klein JamesA.Mcaung Alfred F.Mfossi JohnC.Pritzlaff,Jr. Richard Snell Charles M.Stockholm

Don B. Tostennid OanW D Witctser

4. Confirmation of Richard Snell as the School's representative to the AMA Board of Trustees:

5. Approval of the Thunderbird Alumni Association, Inc., as the exclusive organization to formally represent the alumni of the School;

6. Election of the following officers: Chairman, Joseph M. Klein Vice Chairman. Norman E. Auerbacb Vice Chairman, James F. Thorntoc Vice Chairman, William C. Turner President, William Voris Executive Vice President, BergerErtcksonV ice President (Academic Aiiairs).Marshall Gen-

Vice President (Corporate Affairs).Charles Mannel

Vice President (Business Affairs and Treasurer),C.UStickJand.Jr.

Secretary, Evelyn L. Theobald

continued from page 2quite surprised when I

stopped him to ask for my wine back. Ap­ parently without guilt, only embarrassment at being caught, be apologized, saying. "I'm sorry. I didn't realize it was yours, I thought it wasa prize to be auctioned." In Us mind it was all right to steal from the Marketing Club's selection of prizes.

I am not sure bow this aspect of his character will translate (if at all) when this fellow attempts to carve his career in inter­ national management; but to him, I propose a toast with Dubonnet:

The happiness (and profits) we seek stem not from deceit but from honesty, sincerity and

perseverance.. DavidBurks

Grade Inflation

Do you feel that you have been receiving higher grades than you deserve?

Grade inflation is a subject being discuss­ ed within the administration and the dif­ ferent departments. The top* wiB be fur­ ther discussed by the Faculty Senate duringthe 1985 Spring Semester.

I spoke with Prof. Christa Britt, Chairper­ son of the Faculty Senate; Dr. Greer, VP of Academic Affairs; Dean Beaver; Dean Ar­ thur, Dean of Admissions: and the Chairper­ sons of the International Studies, World Business, and Modern Language depart­ ments. The following comments, sugges­ tions, and concerns were raised: _

Grades are higher than they have been in the past. More and more students are teceWngA's; why? Are theglasses less challenging? Are the goals and objecUves set by some professors too low? Arepr* fessors being pressured by students. Grades are seen as an indicator of student

ability and, consequently, affect the school's reputation. Evidently the school loses credibility when more and more students graduate with higher GPA's. The school's administrators feel there should not and will not be a set curve or quota relating to pass­ ing and failing.

Suggestions: Academic standards must be raised through strengthening of course goals and objectives, requiring more from students (quality work). It was felt by a few administrators that higher grades should be expected from graduate students. Or maybe the potat to stress is learning, and grading" should not be an excuse to satisfy statistics. The statistics 1 received on the grade inflation seem to show that the ML department has given out more A's than the other departments. But we must keep in mind that the ML classes are smaller. The grading is done in a more subjective way (progress and achievement) than with a quiz or test that indicates a specif ic grade.

1 leave each of you to decide what you think about grade inflation.

The administrators I interviewed are very interested to your input. I am in the process of organizing a forum where you, the students, can voice your opinions to the ad­ ministrators. (The date and time wttl be advertised.) to the meantime, any com­ ments, suggestions or constructive criticisms can be placed to my box 2089.Thank you.

MarkaiPlangeASLC Academic Affairs

At the request of ASLC. I have tabulatecaverage grade given by department for aUof the terms on the data bank:

MLFall 1982 3.53Spring 1983 3.58Summer 1983 3.56Fall 1983 3.54Spring 1984 3.61Summer 1984 3.63

3.563.613.603.503.573.63

3.333.423.373.363.433.33

Oct. 2f, MM—DAS TO*-3International Finance Revolution

continued Iroi& psgcbilaterally matching needs, me field is necessarily limited.

It is interesting to note that no interaa- tional organization has jurisdiction over capital controls. GATT looks after trade restrictions while the IMF looks after cm-­ rent payment restrictJoos. Overseeing oi capital flows fell through a crack to the post World War II financial planning and im­ plementation. Capital flows were not con­ sidered important at that time.

Now capita! flows are the tail that is wag­ ging the dog. Capital moves not just to finance trade and investment, it flows to find the highest return. la this competition for capital, the international monetary and trade arrangements have been turned on their heads The IMF only permits countries to maintain restrictions on current payments to ensure control oi capital flows where they do not have any jurisdiction If these countries are now going to nave to compete actively for capital, the only way they can get it is to free up capital controls and offer an attractive economic environ­ ment. The elimination of capital controls will, indirectly, solve the current wave of protectionism in trade. Those countries that choose not to compete for international capital will doom their citizens to economic growth rates far below potential.

International banks in the 1970's under­ took the recycling of the OPEC surpluses. They now have an overexposure to LDC's and are attempting to manage the situations with the aid of economic restructurings, whkh are often overseen by the IMF. To ob­ tain new capita], these LDC's are going to look elsewhere - to MNC's and other

private capital providers. Such flows will not be attracted to countries with capital controls.

Because of the problems that banks have bad in their international lending, con- trollership functions are being enhanced. In­ ternational lending in its traditional role is befag downgraded whie fee income produc ing activities such as cash management ser­ vices, swaps and options are increasingly important. It is not mat international ten­ding will be eliminated, it is just that other areas of banking expertise are growing relatively more quickly, and mat's where you want to go to achieve the best op­ portunities.

As international capital markets become more efficient and more directly accessible by corporations, MNC's will need the exper­ tise to access these markets directly. Thus international skills in the corporate environ­ ment are going to be at a premium. The cor- porate market is a growth area.

Then too toe security firms and invest­ ment banks are invading each other's capital markets and. as this happens, inter national financial skills become very impor­ tant.

And don't think Just because most finan­ cial transactions are conducted in English that foreign language and cultural skills are wasted. They are not. And it is those language and cultural skills that allow you to be truly international in outlook and per­ mit you to effectively deal with finance on an international scale The changing world of international finance provides outstan­ ding opportunities for AGSIM graduates with their tripartite education

Pop and Classical Music at Bargain Basement Prices

By Betsy Can-Starved for live classical music in this

Glendale cultural vacuum? The Phoenix Symphony Orchestra has student rush

the afternoon to confirm the availability o» tickets (264-4754). The schedule Is divided into five categories: classics, romantics, celebrity, chamber and pops. These include a variety of top international performers. Concerts are held at the Phoenix Symphony Hall at 8p.m., except where noted.

The classics series: November 8/9 (Thurs/Fri! is the date for Phoenix Sym­ phony conductor Tbeo Alcantara and Lynn Harrell. a world-renowned cellist who won a Grammy award in 1981 for his recording of the Tchaichovsky Trio with Vladimir Ashkenazy and Itzhak Periman.

On November 29/30 (Thurs/Fri), OarkE. Suttle, the Phoenix associate conductor, and Peter Zazofsky, the Queen Elizabeth Violin Competition winner, will be on stage together.

On December 13/14 (Thurs/Fri), Alcan­ tara will conduct a concert with pianist Ruth Laredo, considered the foremost female pianist of this era.

For you winterimites, two fine concerts are happening in January. On the 3/4, (Thurs/Fri), Joseph SUverstein of the Utah Symphony will be conductor and violinist in a Mozart and Beethoven program. On January 17/18 (Thurs/Fri), the highly- acclaimed violinist, Itzhak Pertman. will

perform works by Strauss, Hindemith and Beethoven.

The Romantics series: on October 30/31

works to be performed include Sorcerers Apprentice by Dukas, Mozart's Overture to Dot Diovaani, and Gounod's Funeral March of a Marionette.

The celebrity category: on January 8 (Tues), Misha and Cipa Dichter, a highly- acclaimed piano duo, will perform Mendlessohn and Grieg.

The Chamber series: these conceits are held at the Scottsdale Center for the Arts at 8 PM. On November 1 CThurs), an all- French program by the Phoenix Chamber Players will take place with a harpist, oboist and trumpeter, which includes pieces by Ravel. Barber and Ibert. On December 6 (Than), the Chamber Orchestra will per­ form a to-be-announced evening of chamber music.

The Pops series: the heralded Dave Brubeck Quartet (modern Jazz) will per­ form on November 15/16 (Thurs/Fri) at Symphony Hall and November 17 (Sat) at the Sundome. On January 10/11 (Thurs/Fri) at Symphony Hall, Doc Severinsen will con­ duct a salute to the Big Band Era. (Andhere's ...Johnny:)

For further info, call the number above orstop in the DAS TOR office to see the schedule.__________-______

Stereo fee sate: Sansal radio and tuner

Excellent

condttton, looks brand new. Call Jorgen at 439-2230.

10% Discount to aU AGSIM studentsAGSIM Staff & Faculty

(I.D. Required)Complete Domestic & Foreign Car Service

Towing & Insurance Work Availablecusuirs ion EUTICE, IK

** f _ _ ,Tj»^* ^fmllf '

6826 N. 56th Ave.Just South of Glendale on 56th

937-3051

m mm mmtwm _"« « ^ »«.- - ?

We make service calls to campusOpen Mondays thru Friday

7a.m. to6p.m. Saturday 8 a.m. to noon

==.--- --=»

4—DAS TOR—Oct. 29.1984

Too Damn Nice or Not Drunk Enough???

In life there is the all too famous fast lane, the less talked about but well traveled slow lane, ami the somewhat nebulous concept known as the service road of life. For all those with absolutely nothing better to do on a Sunday evening, the two mental midgets aspiring to rule the fabulous fifty managed in no uncertain terms to provide the clearest of definitions to the service road concept. Neither of the paper mache duo ever made it onto the damn freeway of life. Those fee­ ble pedestrians missed the damn on ramp, forever destined to operate at half speed.

Rats you might say, thinking this to be of harm to both of the hapless aspirants. Wrong pizza-head. Rondo is at his best, at half speed, which of course, is his full speed. Warp Qualuude. Slow us down Scotty.

God, Grecian struck gold with some of the mindless incoherence. The shimmering Pacific, purple mountains majesty ... baseball, hot dogs, apple pie and Ron. Ole Bonzo waxes poetically perfect, when he says absolutely goddamn nothing. Beautiful Mindless babble for the populace; look good and don't fall asleep Ronnie; yes Nancy. Ah, the liver aches in tandem with the bowels at the inadequacy of that old simpleton.

And please, oh please, what ghastly spec­ tre opposed the Gipper, what ghoulish owl- head was resurrected for the task of public­ ly assaulting God's candidate? O!' fishead looked like he just got off a serious three day drunk in Mexico. Hell. it looked tike he was storing some serious tequilla right under the eyes.

Both candidates had some excellent answers ... unfortunately, they had nothing in common with the questions. Debate ... horse-goshy washy and golly gee whiz no. Damn rehearsed garbage, worse than your average press conference. Polite conversa- t ion with your G randma. It's 1 ike a date with your girl friend; you know you will doo.k.

So much for the boring national scene, let's talk about old Camp AGSIM Well, that just about covers the most exciting points, so let's talk about the rest of the fast break­ ing stories. Scandal at the Das Tor.

Y*D. and somoon* «v«t> edited oarporttanjea! bunch candidates for Rupert Murdoch publications Well I. fightin Ti, ain't gonna take that one sitting down. I'll take it drunk at the Pub, thank you, laughing all the way Some of the over­ sensitive ..no. make that hypersensitive student body would have the old Tor emasculated down to the next week's menu at the Caf Dream on. Fight back, fine, but cutteth not offeth what maketh things fun. A good brawl is damn good for a change of pace at this wondrous institution of in­ teresting education. Parasitic pop-off ar­ tists whine daily of the injustices done to them in print. Thus, the following.

Humour is an interesting concept; ex­ tremely relative, extremely judgemental. Taste also falls into this nebulous category. Now is the true level headed and mature" students were to wreak havoc upon the pre­ sent levels of freedom in the DAS TOR, there would be precious little of anything resembling humour ta the Tor; actually nothing left, straying from bland to bland to bland. Tasteless tripe for the truculent blood-sucking narrow-minded wimps who can't take the beat. Well brothers and sisters, it's a cold world out beyond the cosy and comfy confines of AGSIM, with plenty of cold hearted bastards ready to rip your liver out for a ten spot. If you can't take the heat from a student newspaper, than your ass is grass. End of sermon.

Having previously seen articles decrying the problems between Males and Females at ol' CampT-Bird, I find it necessary to in­ nocently intercede on behalf of a few fine young ladies I have had the pleasure of be­ ing slapped and insulted by, spit upon, ridiculed and debased by and thus just dog- gon enjoyed the company of. Although the situation is deplorable Captain, no need to beam up just yet, cause there exist possibilities. Yes, I know some nice, attrac­ tive young ladies who can't buy a date. Wake up slugheaded slime balls: You can cry till the last beer is quaffed, but all you'll end up with is a free trip to the porcelain God, it hurts to be nice to girls. Probably just bad chemicals 1

Ahh. speaking of last beers, 1 am present­ ly sucking ceremoniously through my last.

Why live, until the last beer bottle is Emp­ ty ." The walls are closing in and the haze is gathering. Little left remains to be said. Election "84. the sapsucking battle of the network stars has taken its toll. Boredom has found new excess; the gods of Inaneness and Irrelevance rejoice at the bountiful sacrifices which have been so constantly laid at their feet. And the population sleeps. Vote your pocketbook. Hell, vote your horoscope No difference We all lose, and the media wins. Cause it ain't whether you can run the country, it's how you play the Eam« And Bro. the game Is network nonsensical nuance, we're talking gnarlmess never heretofore seen You win if you look" good And in the battle of the loathsome two, jowls just manages to beat or owl eyes Rejoice, all ye Falwellian fanatics. Ye shall be saved, even as your children are doomed. Wow, and golly gee Beav, prophecy. Whippy-I-Dingdong. Who gives. Just drink heavily, and remember, with Bonzo or the Fish, not only the good wUl die young.

Yours laughingly losing it. Dr. Ticonderoga Kildaire

Mr. Peanut to attend Balloon Race.

COUPON VALID AT 35th & BELL ONLY. PLEASE BRING COUPON.

SEE TOM ODDO FOR DETAILS. CALL 843-3247.

One SemesterNAUTILUSSPAS

Johannes Jensen swings Betty Altus to the Sedona jazz beat

Rugger NotesCaptain Jim Hersbey led the AGSIM rug­

gers to a hard-fought 1M triumph over the Sierra Vista club. Hershey's pinpoint ac-

PRICES SUBJECT TO CHANGE I

John Proctor calls a line out.

curacy in kicking for touch enabled the T- bird side to continuously apply the pressure. AGSIM scored their first try on a 30 yard sprint by T.K., set up by a pjctureperfect pass from Hersbey. AGSIM's next score resulted from a tremendous effort on the part of the entire scrum, allowing Dave

Bulldog" Smith to notch his first try of the season. Brad Cowie managed an unbelievable conversion against a strong wind, and the AGSIM side was ahead to stay. Cowie booted through a 3 point penalty kick, leading to the final 13-4 margin of vic­ tory.

Also turning in excellent ef forts on the day were forwards Rob Spence and Scott Helm, and backs Bill Hogan and Jeff Luce. Spence dominated scrum play throughout the game, crushing all foolish enough to oppose him.

The squad faced ASU and Yuma over the weekend and wiU meet those infamous wen­ ches, the RUGGER MUGGERS to mortalcomtiat this Saturday at AGSIM. Come view the carnage CHEERS.

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Have You Heard About?1. The Ore alarms: They might have been hard to ate two weeks ago An in­ spector was testing me alarms around campus. Other things have been known to trip the alarm:' stray hands, dust to the smoke detectors, and fire There was a Ore In the TAG this fear; a tee in East Apartments two years ago.

Good advice: It you bear an alarm, check for a nearby inferno. If you spot one. call the Glendale Fire Dept; their number is glued to dorm phones. And please call Security (7223), so they can lead the Ore truck through campus, (the fire alarms are not Ued into a central system.) If no catastrophe is in sight, phone Security. They will check more thoroughly, then, re-set the alarm.

Two other points: Please don't use fire extinguishers as doorstops in classrooms (specifically. No. 31 and 32). And for residents of East Apartments your heaters have been known to set off the detectors. Please don't turn the alarms off. Call Security and have taeas re­ set the alarm. Otherwise, when there is a fire...2. Profits from cans: An idea passed on from a Graduate Business Student (an authority, no doubt) ... Money-hungry dubs need look DO farther than the Coke machines for revenue. If a club can come up with col­ lections boxes, and if they can secure permission from the Administration to site said boxes in convenient spots, and if their fellow

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Flamingos End Slide

Francine Reed regales T-birds with Bfrtfland.

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The flaming Pink Flamingoes ended two- game losing streak with an incredible display of both of fense and defense this past Friday. Heather Nordlinger, back on form, pitched a no-hitter for three full inningsbefore being gre^tod with m bloof» mingle inthe top of the fourth. Bobby venus flytrap" Clark displayed Ills major league defensive skills with some moves that would have as­ tounded Brooks Robinson.

The "Rag-Tags" played well but were simply overcome by the superior ball play­ ing of the ex-champs. Ernest Francis Watts III, filling to for absent coach ami father figure Karl Brown, gave full credit to his oft- maligned infield. Sure these guys will have an off game now and then," he said, "but let's fact it, they've played together now for almost a full year, and there is no better or more solid infield to all of Arizona, and that includes the Phoenix Giants and the ASU teams."

Clark, returning to form after a mysterious cerebral injury over the break, added, "I thought for a while that it was time to give softball up, and devote myself to video tennis in the Pub, but now I see that I have a few good semesters left in me."

Even Mike Tulley. who was last week quoted as calling his teammates scum" in this weekly report seems to have beenmellowed by the victory- 'They all still suck." he said. But hey. so does everyone

Kicarcla .McKall emerged as a real learn leader by drinking a very respectable quan­ tity of beer during the game and stilJ cat­ ching the ball when it was hit to her. "I would like to thank my mother and my father." she said, "and my cat Eduardo. John at the Pub, Everyone in Latin America, Fidel Castro, Louise Fletcher, and Jerry FaJwell." Ricarda's stomach was pumped successfully.

The highlight of the game came in the top of the fifth when CraigShuman came to bat with the bases loaded. He hit the ball solidly four times, all four, then struck out He received a standing ovation.

Editors note: Our usual correspondent was unable to write this article at to normal tone, after UK game. So be wrote it before UK game, and there may be stone (actual errors, although the Flamingoes did indeed win in an impressive manner. ____ __

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Campus Notes Speakers Committee Presents Amnesty International

Mr. Alien Wallis, Undersecretary of Sate for Economic Affairs, will speak on the In-

Balloon Race Also Alumni Homecoming

On Friday. November 9, the 10th Annual Thunderbird Invitational Balloon Race will begin with a silent auction and international buffet. Saturday's events begin early with lift-off. Featured will be many international food booths and a day of entertainment which will bring a festive air to campus Sunday, again, features toe early launch with balloon race awards at 1:00 p.m.

The Balloon Race will feature 123 hot-air balloons and tea gas balloons. The Navy Skydiving team and the Leap Frogs will per­ form twice dally. The Navy Balloon will be tethered and available lor free rides during the weekend.

Balloon Race weekend is also Homecom­ ing weekend for Thunderbird alumni. Fri­ day, November 9, at 6:00 p.m., the Hot Air Affair" with a Silent Auction and Interna­ tional Buffet will kick off the festivities.

IBW SpeakerMs. Pam Carside of Health Central, a

health services management corporation, will speak to the International Business Women dub on 'Health Service Industries Internationally" on October 30 at 7:00 p.m. in the Thunderbird Room,

HealthThe Health Center is providing flu shots

for $2 every Monday and Wednesday after­ noon from l :00 to 4:00 p.m. for as long as the flu season lasts.

Asia Club

temattonal economic situation He will ap­ pear in the auditorium at l:30p.m. on Tues­ day, October 30. Don't miss it.

Astronautical Memories LETS FLY TO THE MOON," presented

by Astronaut Ron Evans, at 8 p.m. November 3 in the Glendate College Per­ forming Arts Theater, will give an insight as to what it's like to travel in outer space.

Captain Evans, Apollo XVII command module pilot, takes you with him on his Hight and shares a delightfully entertaining and educational experience through slide pictures and lecture.

Along with space craft commander Eugene Oman and lunar module pilot Harison Schmitt, Evans' journey into space was the last manned moon mission for the United States and the only manned night launch.

This mission broke several records in­ cluding: longest manned lunar langing flight, (301 hours, 51 minutes); largest lunar sample return. (249 pounds); and longest time in lunar orbit < 147 hours, 48 minutes).

Evans lives with his family in Scottsdale and is Director of Space Systems Marketing for Sperry Flight Systems.

Tickets are $4 general: $2 senior citizens; and are available at Diamonds' Box Office, The Campus Cashiers' Office and at the door one hour prior to curtain.

For information call 93*-22ll X230.

May 1985 Graduates!Final formal resumes must be turned into

the Career Services Center by 5:00 p.m.. Friday, November 16.1384, in order to be in­ cluded in the Thunderbird Graduates Resume Book.

Anyone interested in photographs of Asia Nile should contact Sham Shah in East apartment 48B. Snawn has all the photographs in an album for easy viewing and selection of your favorite shots, far more info call 978-7397 or 8434013. Photographs can also be viewed at our AtM Ctob meetings, Monday, Oct. 29, 7:30 p.m..

ConnectionsIBWs women's network book, CONNEC­

TIONS, is currently on sale in the bookstore or during any IBW meeting for $4.00. Con­ nections is a directory of AGSIM women alumnae from around the world who are willing to be contacted for Job or relocation information. Put a CONNECTIONS in your

Thunderbird Windsurfing

We will be having a Club meeting this Wednesday, October 31, at 7 p.m. in the Col- eman Lounge. All interested Thunoerbirds should attend this meeting if you are plann­ ing to help out with our food booth at the Balloon Race. At this meeting we will also be planning the schedule (or our club trips for the month of November. Come find out how you too can begin to learn the great sport of Windsurfing. Aloha... For our cur­ rent events information call 843-8012.

AmnestyAmnesty International, the Nobel prize-

winning human rights organization, will give a presentation Thursday, November 8 at 7:30 p.m. in the auditorium. Mr. Nick Riz- za, the California Director for Amnesity, will present a discussion on international torture and outer civil rights violations. Amnesty International has established itself as a non-partisan activist organization and

Honorary Degree for Goldwater

An honorary degree of Doctor of Interna­ tional Laws will be conferred on Senator Barry Goldwater at the December com­ mencement. This degree is being presented for Senator Goldwater's service to the coun­ try and to the School.

King CrownedBill King, professor of Modern

Languages, has been elected to the "Ex­ ecutive Committee of the National Council of Teachers of English." Installation will take place in Detroit in mid-November.

Internationalhas been as strident in its criticism of com­ munist regimes as of Western governments.

The Speakers Committee urges all students to attend this lecture. It's not often we get the opportunity to host as well-town and controversial an organization as Amnesty International. It should be a very interesting evening.

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Computer Security Expert at WAG

JEROME LOBEL, Manager. Computer Security and Privacy, Honeywell Informa­ tion Systems, will bea panelist oo the topic Corporate Implications of Transborder

Data Ftow" at the Nov. l. World Affairs Conference.

Mr Lobel received his B S and M.B.A. degrees from UCLA and is a member of Beta Gamma Sigma. a national honorary society. He has had dozens of data process­ ing articles published in professional jour­ nals and is listed in "Who's Who in the West" as a result of his articles and numerous educational seminars on the sub­ ject of data security. He is presently com­ pleting a book on the subject of computer security and privacy which win be publish­ ed by McGraw Hill in 1985.

Mr. Lobel has been a frequent speaker at National Computer Conferences. He was the keynote speaker at the First International Federation of Information Processing Societies' Computer Security Congress in

1983. and was the Program Chairman far the 1984IFIP Congress.

His present responsibilities at Honeywell include the coordination of compute' securi­ ty and privacy educational programs, and the planning of computer security re­ quirements for future Honeywell Informa­ tion System products. He is also the originator and chairman of HoneyweB's An­ nual Computer Security and Privacy Sym­ posium.

Mr. Lobel's career in data processing spans 26 years. Approximately half of this time has been spent to projects associated with computer security and privacy. He Is recognized as an International authority on the subject and has consulted with a large number of government agencies and com­ mercial organizations. He is also an Assis­ tant Professor and faculty member in the Computer Science Department of Arizona State University.

Placement CommitteeWould you like to make contacts in the

business community, serve as a liaison bet­ ween the student body and Career Services administration, gain an in-depth understan­ ding of Thunderbird's placement pro­ cedures and services, meet great people and have fun at the same time? If your answer is yes", then the Placement Committee

would like to encourage interested students to apply.

The primary objective of the Placement

Computer ClubInterested in the field of high-tech

marketing? Need to know the facts and fallacies of this specialized field? Ed Jens- ings, a corporate account marketing representative for Intel and a summer -84 alumnus, will discuss the thrills and spills of high-tech marketing and present a video on Intel's custom product development at the next Computer dub meeting, Wednesday.October 31 at «:30 p.m. In room 3S. It cbouldbe a real treat!

Committee is to provide Thunderbird students with a thorough understanding of our Career Service Center and to enhance job search skills through such act!vites as Career Day and Career Roundtable.

Applications should be picked up and returned to the Career Services Center byNovember 16th. For questions or more in­ formation, please contact Cathy McCurdy, Box823orRena£aRippa,Box281.

GET INVOLVED:: APPLY NOW::

ASU-WestThe ASU West campus of Arizona State

University will be renting classroom space at Thunderbird next spring.

Bicycle ClubQ: How can you tell a happy Bicyclist?A: He's got bugs in his teeth.Come to the next Bicycle Club Meeting

Tuesday. October 30th at 5:30 in room 31.Also, don't mis* our weekly ride every

Sunday at 8:30. We ride every Sunday at 8:30. We meet by the pool.

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Draught from the PubByJohnSchuldt

My professional bartenders and 1 would hke to thank everyone who has participated with The Great PUB Survey As the results are made known.! will address the key com­ ponents in later columns One thing which must be stated is that the staff here at our paradise is the most professional staff that I haveever worked with, and 1 think that you, our adoring public, would agree with me on this. So the next time you are in the PfB, or see one of Ox surly gals and guys that are unequivocally the best, say. Thanks, you surly person,... You work hard and I ap­ preciate that." I know it will make their day a little brighter, and it may even make yours better also

There is a phenomenon currently going on in the PUB which is not a pleasant one to speak about For some reason we have bad aa alarming increase In people fighting with... THE WALL: Now I know that sometimes these walls get pretty damn

snotty and they will not snut up. but is that any reason to you to punch them' If you think about It, and WALL cannot really bit back and is truly at your mercy; pits the WALL doctor charges enormous sums of money to make a house call. So, next time you pick a fight with the WALL remember these points, and that goes for those of you who see our friends ami compatriots fighting also I mean, it is almost like clubb­ ing a baby seal to death

My bartenders, professional as always, am! I have come up with a new speci al this week to tantalize those taste buds of yours It is Moosehead Beer from Canada, and we will be featuring it for the low price of Jl 00. So come in and see our professional moosey bartenders, because they love to see you.Remember this fellow RUBBERS: A creative person is oae who forgets why an ideawon't work. Think about it fellow PUB- BERS. and see you in the PUB.

Student Body Well FormedEnrollment at the Thunderbird Campus of

the American Graduate School of Interna­ tional Management is 1,182 for the fall semester.

The total includes 266 foreign students $7 different countries for

almost 25 percent of the student body. Ger­ many is the largest foreign group represented on the campus. It is followed by Japan. France, Brazil, Spain, Norway and the Republic of China

Students are also enrolled from 33S American colleges and universities in­ cluding Stanford, Georgetown, Duke. Har­ vard, and the University of Chicago.

Women comprise 33 percent of the student

body, a decrease of 5 percent from last fall; 11 percent of the students are married.

The enrollment also includes 19 students from the European Business School near Wiesbaden, Germany. They are attending Thunderbird for one semester under an ex­ change program between the two schools. A comparable number of Thunderbird students will attend the European school in the spring.

"We sffsislJy liniit oor cmuuinctu to under 1,000 students, and there is usually a waiting list. At this time, we are admitting students who will actually register in sum­ mer or fall of 1985," according to John Ar­ thur, Dean of Admissions and Registrar.

Discover the Ring Mystique <Mft« t«u, *^«« A »** f ___ J- - . - -I ^.- . . ... .- _Is it really true that 9 out of

10 of the AGSIM graduates who fly their own Lear jets wear Thunderbird Rings? "As near as we can tell, that's an accurate state­ ment" says T-bird Ring designer and creator Hannis T. Latham, 111. TGSIM "72. The Thunderbird Ring seems to be one of the quickest and most enlighten­ ed ways to get that Thunder- bird mystique.

"In 1978 my wife and I were selling turquoise Jewelry at the balloon race. A number of students asked us for Indian rings with thunderbirds on them. Because of their interest we decided to design a ring for the school which would be truly distinctive. We wanted the ring to be unique so that one T-bird could recognize another T-bird just be seeing the ring no matter where in the world they might be and

under any imaginable cir­ cumstance, be it across a smoke filled board of direc­ tors room, a crowded airport lobby, or an exotic bar.

We know now that we were successful in creatingthat Mntl of rtng Wf'v*heart some truly » «*««g stories about the T-bird ring. In fact, John Undholtz has become a collector of these stories and an expert on T- bird Ring lore. What started out to be a non-traditional school ring in one sense has become a school tradition in another."

There are numerous varia­ tions of the American Indian Thunderbird. The one chosen for the ring follows as closely as possible the original architectural lay­ out of the buildings and grounds of the Thunderbird Army Air Field.

' Turquoise chip inlay was used to give a blue sky effect

^isfiflfe^

and accent the silver T-bird. Turquoise is meaningful in a symbolic sense in that it is a semi-precious stone which is indigenous to Arizona.

Appearing above the T- bird on the top of the ring is a pyramid which has come to be recognized as prehistoric evidence of the crowning achievement of man's triumph over the physical world through education and understanding. The design around the side of the top of the ring is taken from anti­ quity. The design has been named the migration sym­ bol" by archaeologists and anthropologists. There seems to be a no more ap­ propriate design for those who have graduated from this most unique institution of higher learning, than one which in someway sym­ bolizes the geographical dispersion of its alumni over the entire face of this planet.

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TMVELJNC.Rawhide Travel expands in AGblM's neighborhood! Now we're just 1 mile from you!! 6318 Wtst M Road (Bell Tow* Plaza)

979-3381"NO FEE, WE'RE FREE"

*•"• wo* our MdM off to gM you *• lowwt paafeb abfera to yowrdMtlnotion.

D6COVER RAWHIDE'S WOftlDTICKETS BYPHONE-AU. CREDIT CARDS A.CCBTED

I7JO WEST BELL ROAD 6318 WEST BELL ROAD(AamsmOMIMFttMMOBQ (KUTOWBIflAZAI

942-0214 979-3381

Rx Eyeglasses Contact Lenses

15% Discountto AGSIM Students Faculty & FamiliesBELL OPTICAL43rd Ave. & Bell Rd. NearSkaggs&Bayless

978-3545

YOU...Nome the SubjectLevel of DetailWE...Will Research it,let you select frommany references.Research Ready

In 48 Hour* fa mort information caH

266-0403

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3538 W. Boll Rd. 97W772

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of Wednesdayccs. Individual

arrangement! to be made between the professor *ad students In his/her class.

James Olkezifl beefs up the Rugby Team.

O *Neil s Secretarial Service• Cov»r le>n»ri • Special Student Rates

• Notary • Quality Typing

16436 north 46th drive glendale, arizona 85306

938-3397o o o e a »»ottteta»ttottot

Genghis Khan RestaurantMongolian Barb«qu«

Mongolian Firepot151 W. Camelback

265-3308M-F 11-10Sat 12-10Sun 4-10

15% DISCOUNT for AGSIM Students,Dinner* Only

RESUMESLETTERHEADS • ENVELOPES

Temporary Schedule AGSIM Post Office/Bookstore Lobby Tuesdays and Thursdays: 5-5:30 p.m.TYPE5ETTIHQ SPECIALISTS

5201 North 19th Avenue, Suite 110Phoenix, Arizona 85015

246-1975

JUTAliTOMOTIVI

DISCOUNT CENYEn

FREE: AUTO SAFETY CHECK LUBE, OIL &1. Inspect Brake System 6. Inspect Axle Seals • Cll TED

2. Inspect Suspension 7. Inspect Hoses & Belts I • Ifcl CW

3.Inspect Shocks 8.Inspect Battery | Si iSoI ^^ • I *^ ̂ ^ 5 QTS 30 W4. Inspect Exhaust System 9. Inspect Alternator | | | QuakerStateQy

5. Inspect U-Joints 10. Inspect Cooing System I Expert Chassis SenflCC

FRONT END ALIGNMENT

>95 MOSTCARS

FMC Computer Equipment

{••••••^•^•H

AUTOMATICTRANSMISSION

TUNE-UP{95 M°ST

• New Filer • New Pan Gasket • New Fluid dean & Inspect System

TUNE-UP j FRONT OR REAR4cyl. 6cyl. 8 cy. j BRAKE SERVICES3095 S3595 S4095 1

Electronic Ignition • | MOST CARS I

MOSTCARS

• Precision Work• Electronic Equipment

'FANiiur

I Complete Professtonal Service | *Semi-MetaBic Extra

•MBMMaBflBafliM..!*..!

SHOCK•^•I^UW •aPtkih • •• VMPI • Vi>V^iPlm

REPLACEMENT! ABSORBERS1 BeH............... $16i8 j2Brtts................ <2811 J

4BeKs................ $4611 !Total Price Installed

Heavy Duty by Monroe

I InstalledI STRUT CARTRIDGES I FREE: ELECTRICAL SYSTEMS

Heavy Duty by Monroe | CHECK^nnQR J1-Check Starter 4. Check Regulator99 PR. J 2 Check Battery 5. Check Cables

installed-MOST CARS I 3 - Check Alternator

4322W.THUNDERBIRDRD.43RD AVE. & THUNDERB1RD (GEMCO CENTER)

PHONE 993-2 170 OPEN7:30-6M-F.7:30-4SAT