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 MONDAY THROUGH FRIDAY lOAM TO 5PM PROCEEDS GO IN PART TO SUPPORT FREE PROGRAMS IN THE MICHIGAN UNION 1 1 l ImnN MICHIGAN GROUND UNION FLOOR nMr "WAM. - , I- - --av.-MAr id - - - - -I