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Tuesday, January 17, 1984
University of Southern California
Volume XCV, Number 6
Central American discussion grows
By David Jefferson
Assistant City Editor
A group of over 20 specialists on inter-American relations convened at the Davidson Conference Center Sunday and Monday for a workshop to review the Kissinger report on Central America.
Although some of the scholars who attended the conference said the Kissinger report is a good evaluation of the Central American issue, the majority were quick to point out the report's flaws, said Dario Moreno, a graduate assistant to Abraharrr Lowenthal, chairman of the conference.
Sponsored by the School of International Relations, the two-day conference was designed as a forum for debate on the 132-page report which was released last Wednesday by the National
Bipartisan Commission on Central America.
The national commmission, which is chaired by former Secretary of State Henry Kissinger, agreed in its report with President Reagan's view that United States security interests are at stake in Central America.
Endorsing the president's request for an increase in military aid to the region, the commission recommended that S8 billion to S12 billion in U.S. economic and development aid be given to friendly Central American nations over the next five years.
At a one-hour public forum in Hancock Auditorium Monday afternoon Lowenthal and four of the visiting scholars presented some of the issues they had
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CHRIS ISLEIBOAiLY TROJAN
Visiting scholars (from left to right) Richard Millett, Albert Fishlow, Abraham Lowenthal and Ambler Moss discuss Kissinger report.
Ph.D. to Lakers
scribing how he amassed his fortune and dispensing advice to the hopeful millionaires in the audience.
"If you're really serious about becoming a millionaire — work an extra day a week," he said.
He advised the audience to wiselv invest the money made from that extra work day.
"Making money is a slow process, it's a relatively easy process, and the greatest pitfall is not to have patience," he said.
Buss suggested that the money made from the 'extra day of work — about $3,000 to 54,000 per year — be invested in something that would return about 14 to 15 percent a year on the investment, and by reinvesting the profits eventually it will come out to $1 million.
Buss said he met many businessmen who were saving a few thousand dollars a year and investing it, but they weren't millionaires because they got "over anxious."
He said he knew of many people who had gotten impatient, invested in schemes that were purported to earn 30 to 40 percent a year and lost their money instead.
After accumulating his first $10 million around the age of 40, Buss said he decided he had "sufficient money" to start looking into what he was going to do with the rest of his life.
He decided he wanted to "get into" major league sports, and although he joked about playing one-on-one with Magic Johnson, he said it wasn't because he is a frustrated athlete.
"I never really had a fantasy about being a great athlete," Buss said. "I've always admired them, but much in the same sense that I admire dancers, ballet dancers, etc.
"If I had a fantasy it would have to be going to Sweden someday and walking up and winning the Nobel prize," he said.
Buss' first sports acquisition was the Los Angeles Strings, a tennis team he said he "enjoyed enormously."
He said as his holdings continued to increase in value he became interested in acquiring a major league team. When his wealth reached $100 million he started negotiations with Cooke to purchase the Lakers, Kings and the Forum.
"That was five years ago, and I can honestly tell you I haven't regretted a moment of it," he said.
Buss said, after studying professional sports extensively he learned that when owning a professional franchise one has to operate it as a business.
"If you look around, you'll see that the teams that are successful in winning championships are also those teams that are very successful financially," he said.
Buss said the single most important ingredient in his success is something he learned here at the university.
"What education gives you is a certain amount of confidence, and that confidence is the thing that is most necessary if you would like to set a goal for yourself and if you would like to attain that goal."
Jerry Buss: from
Businessman gives advice to prospective millionaires
By Sheldon Ito
Assistant City Editor
In 1957, shortly after graduating from this uni-versity with a Ph.D. in chemistry, all Jerry Buss said he wanted to do was "stay here for the rest of my life, teaching." But, there was a problem.
Speaking before a near-capacity crowd in Hancock Auditorium last night, Buss said he would have made only $25 more a month as a professor than he was making as a student from his scholarship and a job at the Coliseum.
"After being in school for so long, it seemed kind of ridiculous to go to work for a $25 raise/' he said.
Twelve years later, after investing and reinvesting in apartment buildings with a group of friends, Buss was a millionaire. He had since lost his desire to teach, giving it up to pursue the "intrigue, excitement and ease" of business.
Today, Buss is best known as the owner of the Los Angeles Lakers basketball team, the Los Angeles Kings hockey team and the Forum, which he purchased from Jack Kent Cooke in 1979 for $67.5 million. His personal wealth is estimated at over $500 million.
Buss spent the major portion of his speech de-
JERRY BUSS
Review board warns Troy Week violators
By Catalina Camia
Assistant City Editor
The 26 students involved in a food fight at UCLA during Troy Week last November were brought before the Student Peer Review Board Friday to determine the disciplinary actions to be taken against them by the university.
While no official statement has been made by university officials, one student involved said "sanctions" were made against the group "in the form of warnings."
Logan Hazen, director of residential life, declined to comment on the exact wording of the sanctions saying, "Unless the university decides to make a formal announcement (of the decision), it is up to the students involved to decide whether or not they comment."
However, Hazen reiterated "nothing malicious" was meant by the incident, and that the whole affair "could have been worse."
The food fight occurred after 26 university students — most of whom live in the residence halls and four of whom are resident advisers — arrived at Rieber Hall wearing cardinal and gold colors and entered the cafeteria without permission.
The original intent of the students was to bolster school spirit by playing a tape of the university fight song and yelling university cheers, and to end their activity with the traditional So-Cal spell-out.
Marie McGrath, a Troy Hall resident adviser, said in an earlier interview with the Daily Trojan that it was during the spell-out that UCLA students began throwing food.
It was then that the situation escalated to the point where students from both schools were detained for questioning by the UCLA police, and the respective student affairs divisions were notified.
After Hazen met with officials from UCLA it was decided that the students would be disciplined according to the rules of this university and not those of UCLA.
All students involved were brought before the peer review board — one of five student review panels in the university — to determine the necessary disciplinary actions.
Hazen said all of the students were brought through the peer review board "as students" first.
Any specific action to be taken against those students who are resident advisers has yet to be made, he added. That decision will be made by the Office of Residential Life.
Hazen said the issue has been slow in being settled because it was necessary to meet with UCLA officials in order to determine damage estimates and appropriate disciplinary measures which were agreeable to both universities.
Disciplinary action was delayed until after the annual football game with UCLA in order to allow the rivalry brought on by the annual festivities to die down.
Hazen said what has happened has been a lesson in "thinking twice."
"The students learned that even the most well-intentioned activity can get out of hand," he said.
Vicki Jones, a Bimkrant resident adviser who participated in the incident, also declined to comment on the extent of the sanctions, but said she felt good about the decision made.
"I think it's fair," she said.
David Detwiler, a Trojan Hall resident adviser and another participant, did not want to elaborate, other than to say that the
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