The Michigan Daily - Monday, October 26, 1992 - Page 3
I
Bush: U.S. to normalize
relations with
JOHN KAVALIAUSKAS/Daily
A smashing good time
Jason Gunder takes a swing at a car on the Diag Friday in the Evans Scholars' annual 'Car Bash.'
Cots offers students ch anCe
to invest money in stock market
BANGKOK, Thailand (AP) -
Nearly 20 years after the United
States and Comrnnist Vietnam
ended their conflict, Washington fi-
nally appears ready to normalize
relations.
Critics of Washington's Vietnam
policy maintain it was revenge-seek-
ing which prolonged the normaliza-
tion process, contrasting with
America's quick generosity to
vanquished enemies like Japan and
Germany.
But U.S. administrations have
simply stated that relations would be
restored once Vietnam met certain
conditions, most notably to provide
as full an accounting as possible of
America's missing in action, or
MIAs, from the Vietnam War.
Friday, President Bush said
Vietnam had agreed to turn over all
its material, including more than
4,000 "photographs, artifacts, de-
tailed records" on the American war
missing.
Describing this as a "major
breakthrough" in the MIA saga,
Bush said that in return the United
States would provide some humani-
tarian assistance to Vietnam as a step
toward establishing friendlier rela-
tions with Hanoi.
Although Bush hinted at prob-
lems still to be resolved, his state-
ments along with those of commen-
tators indicated that normalized rela-
tions were not far off, irrespective of
whether he or Democrat Bill Clinton
reside in the White Housea
Nov. 4 elections.
Hanoi Foreign Ministry c
have also predicted a resumf
ties in the coming months, a
there certainly will be no barn
up from their side.
Eager to revitalize its pr
economy through internatio
and trade, Vietnam has long
for diplomatic ties with the
States.
Such links would mean th
of a crippling U.S. trade e
'There are some pi
who do not appro
our cooperation
the United States.
--Le
Foreign Ministry c
which not only prevents A
businessmen from opera
Vietnam but has served t
loans and grants from the
Bank and other major inter
financial institutions.
Well before the so-called
breakthrough," Vietnam
tially stepped up cooperatio
MIA search and fulfilled ot
ditions laid down by Was
including a military pullo
Cambodia and release of]
prisoners of the former
Vietnamese regime.
Just how useful the stack
tographs and documents wi
Vietnam
after the to resolving the cases of more than
1,650 MIAs in Vietnam remains un-
)fficials clear, as does the question of why
ption of Hanoi chose to release them at this
nd said time.
iers put Both Democrats and Republicans
say this was no vote-seeking
rimitive October surprise by the Bush admin-
nal aid istration but the beginning of the last
g called chapter in the 30-year history of en-
United mity between the United States and
Vietnam.
e lifting Vietnam moved from an occa-
mbargo sional return of MIA remains and
grudging releases of bits of informa-
eople tion to extensive joint, U.S.-
ve of Vietnamese joint searches of crash
with and burial sites, the 20th of which
began last week. To date the remains
of nearly 500 U.S. servicemen have
' Bang been returned.
fficial Vietnamese officials contend that
mcan they have had to tread carefully with
ting in their own public. "There are some
o block people who do not approve of our
World cooperation with the United States.
national They think we concede too much
time and effort in cultivating rela-
i "major tions with the U.S. and don't pay
b enough attention to our own 300,000
n on the MIAs," said Le Bang, a senior
her con- Foreign Ministry official, in a recent
hington, interview in Hanoi.
ut from Indeed a number of Americans
political visiting Vietnam as well as diplo-
r South mats of nations close to the United
States have found unseemly the al-
of pho- most obsessive search for a rela-
ill prove tively small number of men.
by Adam Anger
Daily Staff Reporter.
Many college students who feel
like they have trouble making ends
meet, could have the opportunity to
4est their money-making skills in the.
stock market.
Although the $500 base account
is fictional, The AT&T Collegiate
Investment Challenge allows stu-
dents to "invest" in the stock market
with the possibility of winning
prizes.
The competition was created by
Wall Street Portfolios, a financial
investment company in conjunction
with AT&T.
For the last five years, the U-M
has participated in this annual pro-
gram. Between November and
February, students have the opportu-
nity to buy and sell stocks, using real
stock market prices to determine
appreciation.
Participants deal directly with a
real stock broker from Boston in or-
der to make up to 50 trades through-
out the four months.
"The AT&T Investment
Challenge gives students a hands-on
experience to manage a portfolio,"
said Lisa Nollet, director of promo-
tion and public relations of Wall
Street Portfolios.
Students are ranked weekly ac-
cording to their gained appreciation
value. USA Today sponsors a
weekly publishing of the rankings of
the top students and the top ten col-
leges or universities with the highest
average appreciation value of their
students.
Wall Street Portfolios representa-
tives evaluate the students' portfo-
lios Feb. 26, the final day of the
competition. Students are ranked in
order of earnings.
More than 15,000 students na-
tionwide participated in the program
last year. With 118 participants, the
U-M received first place with an
average value of a 92 percent gain
over the four-month period.
Russel Anmuth, a School of
Business Administration graduate
who now holds a position with
Individual Investors Magazine, was
awarded third place in the nation last
year. He won a two-person, five-day
trip to the Bahamas, $7,500 in cash,
calculators, and free AT&T long-
distance phone calls.
The top 10 collegiate winners re-
ceive cash awards ranging from
$1,000 to $25,000, flights from
Delta Air Lines and a five-day stay
at a resort for the winner and a
guest. The first place winner will
also receive a new 1993 Pontiac
Grand Am.
Tom Kippola, campus promoter
for the AT&T Investment
Challengeand 1990 U-M graduate,
said that the U-M has been
represented very well in past
competitions.
"I was a participant in the compe-
tition, and I liked it so much I asked
to be a representative on campus,"
Kippola said.
"As a result of playing the game,
I learned some things that I currently
use to buy and sell real stocks with
great success," he added.
Students find SEX with Madonna
Economist predicts Michigan will
suffer a decade of economic decline
shocking,
by Angela Dansby
Daily Staff Reporter
Former U-M student Madonna
included all taboos in her latest con-
troversial project - her book enti-
tled SEX . The text, available for
$55-per-copy, delves into such sub-
jects as lesbianism, bestiality, sado-
masochism, group orgies, whips,
chains and shocking close-ups.
"It's calculated to shock and of-
fend," said Josh Bass, a Borders
bookstore employee. "Reactions
have been from near outrage and
relative shock to mere bemusement
and laughter."
"It equals something at a news-
stand for $5," said Chris Grieb, a
prospective U-M first-year student.
"There's not much artistic expres-
sion in it - it's just a waste. I don't
think people should go around ex-
pressing themselves in this way."
"It's her - exactly her," said
Andrea Tremore, who viewed the
book at Borders. "It's not offensive
really, but it is pretty trashy. It's ex-
actly what I thought it would be."
For others, however, expectations
were different.
"Everything that Madonna has
done in the past had a point, but this
doesn't," said Andrea Peterson, a re-
cent U-M graduate. "As a popular
icon, Madonna has succeeded in
pushing the boundaries of American
culture but this book has jumped
outside of those boundaries into
ornographi
something that already thrives in our
culture - pornography. It's more
vulgar as opposed to sensual."
Although it is primarily com-
posed of photographs, the book also
includes Madonna's written sexual
thoughts and fantasies. In the form
of letters and stream-of-conscious-
ness passages, her writings serve as
giant captions for individual
photographs.
All copies are pre-reserved at
Borders. Forty-five copies have al-
ready been sold since last week and
another 75 are on order.
"I think it's a big marketing ploy
myself," Bass said. "It's very sug-
gestive without showing much."
Peterson added, "Considering
this is the same woman who was
entertaining 13- and 14-year-olds a
few years ago and who is currently
an AIDS and social rights activist,
the book has really cheapened her
thrust.
"It doesn't do anything for
women," Peterson said. "When I
saw it, I was numb. I wasn't moved
in any way. It was very
dehumanizing."
"Sealed with a kiss" by Madonna
with puckered lips on the face of a
silver mylar wrapping, the book is
safety packaged for consumer cen-
sorship and an increase in hype. The
label on the wrapping which states
"Non-refundable if opened" has cer-
tainly aroused public curiosity.
, expensive
"Madonna is the greatest market-
ing queen in the universe," said
Charlie Murphy, assistant manager
of Borders book store. "The book is
absolutely hilarious - it's nothing
but a big cheesy hype."
Madonna cut an unprecedented
deal with Warner Brothers
Publishing to issue the non-refund-
able policy and to encourage retail-
ers not to publicly display copies.
However, some bookstores are
showing singular in-store display
copies.
Borders bookstore has had mass
congregations around its display
copy at the front desk since the book
arrived last week.
"Every couple of minutes people
come in to look at it," Bass said.
Publisher guidelines contend that
the book is not supposed to be sold
to minors.
"We keep it at the front desk for
regulation," Murphy said.
However, bookstores may go so
far as to card consumers for ID
when purchasing Madonna's book.
"In New Orleans, bookstores are
supposed to ask people for ID just to
view the book," said Greg Martin,
who recently visited the city.
"One bookstore was even charg-
ing a dollar for a peek," he said.
Though many people have come
in to to see the book, it is hard to
judge how much more business has
increased as a result, Murphy said.
LANSING, Mich. (AP) - Mired
in a sluggish economy, Michigan
faces a $275 million budget deficit
in the fiscal year that just began, and
up to $900 million in red ink next
year, a Lansing think tank predicts.
And economist Robert Kleine
said there's even worse news.
Michigan faces a decade of poor
fiscal health and has little ability to
shore up its economy, said Kleine, of
Public Sector Consultants Inc.
'I never felt the future was this
bleak," Kleine said last week, as he
prepared to issue a paper on global
economic trends and the Michigan
economy.
"It's going to hang on a long
time. I expect this economy to
continue throughout the '90s."
Kleine, generally respected by
state government officials for his
analyses of the economy, served as
director of the office of revenue and
tax analysis under former Gov.
William Milliken.
Some government officials were
surprised by Kleine's projections.
And one expert in the Engler
administration challenged his
gloomy scenario for the 1990s in
Michigan.
Several cautioned that fiscal
forecasting is an imperfect art, and
that new economic forecasts are
scheduled soon from other sources,
including a closely watched
prediction from the University of
Michigan.
And Gov. John Engler won't
formally put forth his budget
estimates until he issues his 1994
spending plan early next year.
"I would disagree in general,"
said Nick Khouri, chief deputy
treasurer in the Engler
administration. "You could make the
other argument, that we are poised
for a decade of growth."
He noted that inflation is down
and productivity is up, benefiting
"leaner and meaner" companies.
"There's a tendency for
forecasters - When things are bad,
they're always going to be bad, and
when they're good, they're always
going to be good - and neither is
usually true," he said. "During the
current slowdown, people tend to be
too pessimistic."
But Kleine defended his dismal
predictions.
"I can't even say that's (his
predicted budget deficit is) the upper
limit," he said. "The risks of the
economy are on the downside. The
chances are more that it will be
bigger than it will be smaller."
"And if voters approve the
Proposal C property tax cut plan on
Nov. 3, another $416 million should
be added to the 1994 deficit," he
warned.
V *1
I KNOW WHAT I KNOW. WE COME & WE GO.IT'S IN THE BACK OF MY EYES
b LL
Student groups
Q Club Field Hockey, Palmer
Field, 5:30-6:30 p.m.
Q Environmental Action Coali-
tion, meeting, School of Natu-
ralResources,room 1040,7p.m.
Q Indian American Students As-
sociation, board meeting,
Michigan League, room A, 7
p.m.
Q Michigan Women's Rugby
Club, practice, East Mitchell
Field, 8-10 p.m.
Q Newman Catholic Student As-
sociation, Bible Study, 7:30
p.m.; RCIA, 7 p.m.; Saint Mary
Student Chapel, 331 Thompson
St.
Q Shorin-Ryu Karate-Do Club,
nractice CCR Martial Arts
Events
Q "Electronic Structures in Ac-
tive Sites in Copper Proteins:
Contributions to Reactivity,"
lecture, Chemistry Building,
room 1640,4 p.m.
Q "Focus on Michigan," photog-
raphy contest, City of Ann Ar-
bor Parks and Recreation
Department, accepting entries
until December 1, contact Irene
Bushaw 994-2780.
Q Guild House Writers' Series,
writers reading from their own
works, Guild House Campus
Ministry, 802 Monroe St., 8:30-
10 p.m.
Q "Komar and Melamid on
Themselves," lecture and re-
cention Shnol of Art .Chrisler
U "Overseas Internships for En-
gineering and Science Stu-
dents," lecture and information
session, Electrical Engineering
and Computer Science Build-
ing, room 1500, 7-8:30 p.m.
Student services
U Northwalk Nighttime Safety
Walking Service, Bursley Hall,
lobby, 763-WALK, 8p.m. -1:30
a.m.
U Psychology Undergraduate
Peer Advising, sponsored by
Dept. of Psychology, West
Quad, room K210, 10 a.m. - 4
p.m.
U Safewalk Nighttime Safety
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