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Volume 84, Number 28 – January 18, 2000 Scott Truex, Associate Professor of Urban
MEETING FUNCTIONS: Money Collectors - LYNNE ZACHMANOGLOU, 11:15 to 11:45, and CHRISTY SMITH, 11:45 to 12:15; Greeter - MIKE KING; Invocation - LEO KLEMME; Music - STEVE MOTT; and Donna Morrow, Vocational Student Guest, Ivy Tech State College. CLUB CONCERNS: Prior to the invocation today, President GENE requested members to keep the following in their thoughts and prayers: LINDA EWING, spouse of KEN; YB HALL; BOB HIATT; MARV PHILLIPS; JOE SICER; and BEV STONE. THANK YOU NOTES from JAY WILEY...Thank you for the living memorial contribution from Rotary to the Mary Margaret Center, St. Elizabeth Medical Center in memory of my dear ELEANOR; and from ALICE WRIGHT and family for flowers from Rotary at EV’s funeral...EVERETT enjoyed Rotary so much and was sorry he couldn’t continue. CONGRATULATIONS to FRITZ and LEONA COHEN (“JC” picture) who will be celebrating their 50th wedding anniversary with a reception following services at Temple Israel in West Lafayette, Friday, January 21st. MARGARET HALL leaving for Longboat Key, FL, will be gone for three months. ANNOUNCEMENTS:
COMMITTEE MEETING - (See back of “Ripples” for listing of Committee members):
SMALL GROUP DINNERS (Dinners): JANE TURNER announced that the next Dinner is scheduled at CHRIS and JACKIE FUNK’s home, 6:00 p.m., Wednesday, March 1st. Cost is $8.00 per person with a limit of 14; reserve space with JANE at 423-1371. VOCATIONAL SERVICE AWARD NOMINATIONS ARE STILL NEEDED, nomination forms are on tables at Club meetings or at GRIFF’s table. Deadline for submission is Monday, January 24th. Individual selected will be introduced at the regular Club meeting, Tuesday, February 22, 2000. ROTARIAN-OF-THE-YEAR AWARD NOMINATION FORMS are available on tables at Club meetings or at GRIFF’s table. Completed forms should be turned in to BOB BROCK, Chair, or GRIFF. The Rotarian-of-the-Year Selection Committee will receive nominations until February 1, 2000 and Rotarian selected will be introduced at the Annual Dinner, Tuesday, March 21, 2000. DECEMBER 100% CLUB: (Continued from last week - Salvation Army Bell Ringing has been recorded) Number indicates months of continuous attendance, no number indicates one month. ISMAIL; JACKSON (48); JANLE (29); JOHANNSEN; KAPP; KAVANAUGH (6); KECK (47); KEPLER (115); KLUSMAN (57); GRIFFIN KOEHLER (101); KOHLS (3); KOSMAN (20); KUIPERS; LOVELL; MAYES (12); MC CARTHY (19); MC GLOTHLIN; MC HENRY (52); MC KEE (246); MILLER, BILL R. (331); MITCHELL (121); MORRIS (8); MOTT (50); NELSON (62); PAPE (232); PARK (3); PEETERS; PLUMLEE; POLAND; PRITSCHER (2); RAHDERT (90); SATTERLY; SCHMIDT (254); SHOOK; SICER (295); SILVA (234); SMITH, KEITH (33); SMITH, SUSAN (90); ST. JOHN (123); STEVENSON; STUCKY; SUDDARTH (29); TAYLOR, HAROLD (420); TEDER, DAN (93); TEDER, LAWRENCE; TURLEY (150); TURNER, JANE (111); TYLER; VERPLANK (416); WADE (72); WALKER (176); WEST (78); and YOUNG. Congratulations to VICKI MAYES who had one year; to FRITZ COHEN and JEAN JACKSON who had four years; to JO WADE who had six years; to AL CHISCON who had 10 years; to BOB FEUER who had 16 years; to BILL HATFIELD who had 17 years; and to HAROLD TAYLOR who had 34 years of 100% attendance at the end of December. Contact GRIFF for lapel pins. MAKE UPS: LE ROY SILVA, Panama City, Panama City Beach (three times), and Tallahassee, FL. VISITORS: JANET ADAMS, spouse of BOB; Clay Koehler, son of JAN GRIFFIN KOEHLER; Caroline Hass, sister of MARGARET HALL; John Sanderson (Ivy Tech State College), guest of BETTY DOVERSBERGER; Bill Farner (Facilities Manager, Long Center For The Performing Arts) guest of JIM HANKS; Joe Krause (Retired West Lafayette High School teacher and City Council member), guest of BILL HATFIELD; Carl Braunlich (Restaurant, Hotel, Institutional, and Tourism Management), guest of ED HEMMER; and Jack Hatcher (School of Management), guest of BARB DOSTER. JEFFERSON HIGH SCHOOL GUESTS: Eve Wohlert and Kevin Philpy, guests of the Club and hosted/introduced by STEVE MOTT. STEVE presented certificates of recognition and President GENE presented information brochures about Ambassadorial Scholarships for future reference and Rotary travel mugs (4-Way Test on them) to Eve and Kevin. COMMUNITY AVENUE OF SERVICE REPORT: FRITZ COHEN, Senior Director, Community Avenue of Service submitted the following report to District Governor Jerry Erskine for possible inclusion in his District newsletter, “The Bridging Times”: During the past holiday season, the Lafayette Rotary Club carried out projects that turned the ideals of Rotary into realities. The Community Service Projects Committee, chaired by Rotarian Lew Runnels, assisted the Lafayette YWCA’s domestic violence program with its December holiday project. On two separate days, 14 Rotarians prepared and filled 125 boxes with food items and other gifts. On the following Saturday and Sunday mornings, six Rotarians loaded the boxes, averaging 75 lbs. each, onto trucks and delivered them to 100 families with 256 children. Although involving a relatively small number of Rotarians, all participants felt it to be a project worthy of our best efforts. Continuing a long tradition, the Club’s Salvation Army Committee, chaired by Rotarian Jerry McCarthy, organized and carried out a two-part project to support the local work of the Salvation Army. Club members were solicited to make monetary contributions, and/or to serve as bell-ringers for the Army’s Christmas Kettle Campaign. As of this writing, cash contributions totaled $20,781.00 establishing a new record. On 18 December 1999, 90 Rotarians, some accompanied by family members, manned 12 kettle sites in 2-hour shifts, and collected a record $6,304.00. Equally gratifying was the very personal commitment of time and effort in a good cause of helping those in need. In some cases, service provided an additional reward: the opportunity for companionship and better acquaintance. NOTES FROM CLUB, Monday, January 10th, and FOUNDATION, Wednesday, January 12th, DIRECTORS BOARD MEETINGS: Club Meeting Notes: (1) DALE MC HENRY, Treasurer, reviewed the “Cash Receipts and Disbursements Summary Report for December 1999” and “Fiscal Year Cash Flow Comparison of Year-to-Date Income and Expenses Through the End of the Second Quarter, 7/1/99 - 12/31/99 Versus 7/1/98 - 12/31/98”; (2) The following policy was established by the Board to monitor members’ request for financial aid causes: Financial aid causes that are unable to flow through existing Club procedures will need to be brought before the Board, in writing, by the member(s) requesting support, for approval.; (3) BOB BROCK, Senior Director, Club Avenue of Service, noted that six or eight nominations have been received for the Rotarian-of-the-Year Award, but some nominations need follow-up information regarding nominee’s Avenues of Service effort; and plans have started for the “New Member/Board Member Reception”; (4) FRITZ COHEN, Senior Director, Community Avenue of Service, report on Community Service Projects Committee and Salvation Army Committee is noted above; (5) SUSAN HYCHKA, Senior Director, International Avenue of Service, reported that International Youth Exchange Student, Enrico Pinto (Enrico), will be hosted by DAVE and ANDRIENNE BOUGH for the first half of this second semester; Enrico will transfer from Jefferson High School to Harrison High School; a host family is still needed for the second half of this second semester, i.e., May, June, and a portion of July, but due to Rotary sponsored traveling, Enrico will not be spending a great deal of time with the host family during this period; (6) JAN GRIFFIN KOEHLER, reporting for TOM SCHMIDT, Senior Director, Vocational Avenue of Service, reported that there was concern that no Vocational Service Award nominations have been received; (7) OSCAR HOPKINS, Chair, Annual Dinner Committee reported that progress is being made; Glee Club is scheduled to perform; putting together a nine-minute “Portrait of Progress” slide/data project (assisted by CHRIS FUNK and BOB GARRISON); ticket sales will start Tuesday, February 1st, and will probably be the same price as last year - $25.00 per person; (8) BOB GRIFFITHS, Vice Chair, new Rotary/PMO Service Above Self Committee (Committee), reported that BRIAN BREED, GENE COURTANEY, JIM HANKS, Chair, and he had met and there will be a 90-minute program by the Purdue Musical Organizations (PMO) for the benefit of the Long Center Restoration Project on Saturday, April 8, 2000; and this 28-member Committee will have their first meeting immediately after the regular Club meeting, Tuesday, January 18th; and (9) President GENE COURTANEY stressed the need for new members and urged Board members to bring in at least one new member by the end of the year; and noted that Hugh Baker, Indianapolis Rotary Club, was selected to be District Governor for the 2002-2003 Rotary year. Foundation Meeting Notes: (1) DAVE LANDGREBE, Treasurer, reviewed the Treasurer’s 2nd quarter report of 1999-2000, October 1, 1999 - December 31, 1999; and there was discussion regarding the transfer of $10,000.00 from the Investment Committee account to the Treasurer’s account for payment of $5,000.00 to each the Museum of Prophetstown and Long Center, first payment of the five-year commitment of $25,000.00 to each; (2) President GENE COURTANEY reviewed specific points from the December and January Club Board meetings; (3) There was discussion regarding alternatives for recognizing Rotarians at the various levels of giving; and (4) Quarterly report tentatively scheduled for Tuesday, February 1st, during regular Club meeting (several Double Diamond, Diamond, and Golden Service Awards to be presented). NOTE: Both Club and Foundation Treasurer Reports are available upon request to GRIFF. BETTY NELSON introduced Dr. Herbert London, Tuesday, January 11th,
BETTY NELSON introduced Bradley E. Turner, today, who too made a most interesting presentation by offering a framework for thinking about a financial perspective which involved demographics, public’s current fascination with stocks, and technology in general and Internet specifically. Demographics - He noted that demographics is the most predictable variable and cited the current baby boomer population, i.e., one baby boomer reaches 50 years of age every seven seconds; maturation toward investing/saving for retirement; interested in trading up to luxury homes and vacation property; crest of baby boomers, maximum number reaching retirement age, 63, in 2008; 2008-2010 will start to liquidate savings, demand for healthcare services, demand for entertainment, i.e., cruises; this will become a golden era for not-for-profit philanthropic enterprises, i.e., estate planning, etc. Public’s current fascination with stocks - He noted that records of excessive periods of enthusiasm do not end well. Technology in general and Internet specifically - He noted that technology does change the world, most often for the better, but new technology does not always mean profitability; and enthusiasm in effect lowers capital potential. Mr. Turner closed by offering his five observations on wealth and wealth creation: (1) Start early and stick with it; (2) Those with wealth seem to understand, intuitively, diversification and concentration balance - maintaining wealth over the years requires diversification; (3) Investors are uncomfortable in crowds; (4) People with wealth understand what their circle of confidence is; and (5) Play to win instead of play to play. COLLECTORS: LYNNE ZACHMANOGLOU and CHRISTY SMITH; Greeting by WALT VALENTINE; Invocation by BETTY SUDDARTH; Singing led by MAURI WILLIAMSON; Rotary piano by REX KEPLER; and Free Meal Drawing - DANA SMITH and JEFF WEAVER.
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Planning and Director of the Community Based Projects, Ball State University, will speak on “Creating A Vision For Downtown Neighborhoods: Lafayette Charrette ‘99.” Prof. Truex will be introduced by BETTY NELSON, Program Coordinator for the month of January; programs in January, Tuesday’s program is no exception, have focused on the future.
who made an outstanding presentation regarding a look at the future. Dr. London, under time limitations, expressed his views on three current future concerns: (1) Arable ground - felt that with production and newer processing of foods that this would not be a major problem; (2) Over population - felt that population decline to be serious, particularly in Europe where by 2050 there will be a decline and the challenge will be to find a working population to support the older adults; and over population means that populations cannot feed themselves and the lack of food becomes a political factor, i.e., food is a weapon; and (3) Running out of energy and minerals - felt that when there is a lack of minerals, the price goes up, and alternatives are sought and sighted one time lack of copper and fossil fuels as examples of this. Dr. London closed by: (1) Citing several predictions that have been made over the years and what the realities were of these predictions - quite amusing; and (2) One of the greatest tools that we have is to be hopeful about the future.