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mt w -tutu Volume 13 Number 19 Erick Lau, pictured here with Coach Troy Martin, receives honors LW Oearomig Mouse Ice By Lynn F'.'ett John F. Lee, Executive Vice President of the New York Clearing House, addressed the Business Management seminar class Tuesday, Feb. 19. The New York Clearing House is the largest clearing house in the nation. Every working day the Clearing House makes 95,000 payments and handles $300 billion dollars. His department called CHIPS, Clearing House Inter Bank System, moves 90 percent of the funds that go from one institution to another anywhere in the world in a day. He entitled his remarks. "Everything You Wanted to Know About Banking but Were Afraid to Ask." Lightheartedly he began by explaining modern banking with the doggrel poem, "Money talks, I cannot deny, Budgeting Requires Lengthy Process By Gary Leonard Planning and approving a budget at U.T.C. is a lengthy and complicated process. Operating funds for the school do not mysteriously appear from out of nowhere. The current budget being considered by the legislature is the result of a process begun last May and involves everyone from faculty, to department heads, to administrators and the Board of -mmill. i.i -- 222 Students necessities at Pcovo campus cafeteria. Photo from U.T.C. Archives. THE OFFICIAL i 1 I heard it once. It said goodbye." Lee went on to explain that in his department everything is done electronically. A customer will call in , say a code word and, "Pay U.S. Steel $50 million." Then through an automated system the funds will be transferred. Lee mentioned that his department is for wholesalers and does not deal with retailing. CHIPS handles most foreign currency transactions and Euro dollar payments as well as domestic large dollar payments. Lee said this system is the basis for world trade, and is also the basis for the United States trade domination of the world. Lee added that, "If the system ever stopped or slowed, we would feel it in Utah just as much as the people in Tokyo would." Regents. Each spring faculty members meet with their department heads, a vice-president , and president of the college. Their "wish list" is examined and debated, then prioritized and incremented into the departmental budget. The budgets from each department of the school are are then reviewed by the President and four Vice-Presidents for submission to the Board of Regents, Governor and legislative analysts in 4 . A- will now be available in STUDENT NEWSPAPER OF UTAH TECHNICAL COLLEGE AT after sweeping tourney. Lee presently resides in New Jersey, but still calls Provo his home. He graduated from BYU and went to Law School at George Washington University where he graduated in t:.- top ten of his class. Lee a'so is the recipient of a degree from the Stonier Graduate School of Banking at Rutger's University. Lee was appointed to President Johnson's Banking Committee, and has served as general council to the FDIC. Currently he serves on the Governing Board to the New York State Bankers Association. Lee also worked as a trial attorney and counsel over the Salt Lake City Branch of the U.S. and Exchange Commission. He has also been a partner in private practice specializing in banking and securities law. December. These legislative analysts often make recommendations of their own and submit these along with the school's proposed budget to the subcommittee on higher education. This sub-committee again looks at all the proposals and makes their recommendations to the legislative appropriations committee for their approval. All of this takes place in January. The appropriations committee then sends the final budget Beginning March 1, 1985, the Provo Campus Bookstore will be closed until the start of spring quarter. Necessary student supplies will be available in the Provo Cafeteria during the remainder of the quarter. The Provo Bookstore will be open the first day of each quarter at 8 a.m.- 3 a.m. and 5 p.m. to 7:30 p.m. and continue the daily openings By D.J. Zale Utah Tech's newest star athlete, Erick Lau, swept the Region 13 Association of College Union-International Table Tennis Tournament which was held at Utah State University on Feb. 14 and 15. Erick, along with his coachmanager, Troy Martin, was the sole entrant from UTC to attend this competition. Competitors from thirteen universities and colleges from Arizona, Colorado, New Mexico, and Utah vied for first place. Four of the entrants were also ranked nationally. In the best 2 of 3 elimination round held on Friday, Lau soundly defeated four competitors from Colorado State University, Utah State University and Weber State. He played four matches and won eight straight sets. During the Saturday finals which were best 3 of 5, Erick Pees. AcOcflpesses SIMeinifls John F. Lee pictured with June Brown and Hugh Rode lectured to Seminar. Lee has a national reputation in business excellence and Photo by John Pack. to be voted on by the legislature, usually in February. If approved and signed by the Governor, the money is sent to the Board of Regents and is available to the school on July first to start the new fiscal year. However, before any money for fiscal year 1986 is even received the school administrators will be busy planning the budget for fiscal year 1987 and the battle will begin again. L1C through the first three weeks. After the first three weeks, necessary student supplies will be available through food services, behind the counters. "We're not trying to eliminate the needs of the students, but trying to stay in line the the State Board of Regents policy." said Tom Hover, Director of Auxiliary Services. The policy states: "Auxiliary PROVO-OREM took on James Castillo of New Mexico State and easily defeated him, 21-8, 21-9, and 21-9. Erick's next adversary was Keith Kalny of the University of Colorado. This quarter final match proved to be his toughest match. Yet, Lau beat Kalny, 17-21, 21-13, 24-22, 17-21, and 21-16. Arizona State University's Bernando Leal was Lau's next adversary. The UTC student managed to walk over the Arizonan with scores of 21-13, 21-8, and 21-15. In the finals, Kalny advanced through the loser's bracket and was once again matched up against Erick. Kalny was the only competitor who came close, yet Lau defeated him, 19-21,21-16, 21-7, 18-21, and 21-17. Erick's calm attitude and presence attracted quite a crowd for the final match. "His unusual way of holding -.y h: vr- UTC to Host Tourney Debate and speech students at Utah Technical College at ProvoOrem will host sjx colleges from Idaho, Utah and Arizona in a pre-regional tournament February 22 and 23 on the Orem campus of the college. Over 100 students will participate in the two-day tournament which will match community and junior college forensic students in readers" theatre, duet acting, interpretive poetry, mixed prose, impromptu, persuasive, informative speaking and communicative analysis store ft enterprises are essential elements in support of the educational program, and conceptually, should be regarded as self-supporting." The Provo Bookstore does not maintain the self-supporting concept after the first three weeks of operation during the quarter. "Self-supporting is defined as producing sufficient revenue to cover applicable direct Thursday, February 21. 1985 his paddle perplexed his competitors. Erick's "chopstick style" torments the other players because it's hard for them to read his next move," commented Lau's coach, Troy Martin on Erick's unorthodox paddle grip. Erick is currently attending UTC and majoring in Engineering. He has lived in Utah for one and a half years and originally comes from Hong Kong. Lau's whole family plays table tennis and exhibit superior skills. Under the guidance of Martin, who is also a UTC student from Tennessee, Lau has been training every day in hope of attending the National Championship yet to be scheduled. Coach Martin comments, "In this region, nobody even came close to beating him! He will definitely place at Nationals!" -1 5 1 V 1 the Businees Management was an excellent speaker. presentations. Sweepstakes awards will be presented to the top three students. Representing UTC at ProvoOrem in the competition will be Steve Nixon, Provo; Scott Tinck, Vancouver, Washington; Melody Danger-field, Austin, Texas; Joe LeFevre, Spanish Fork; Judy Jameson, Orem; and Dave Doering, New York. Each student will participate in a variety of competitions under the direction of Kim Brewster, instructor for the College forensics program. 0se operating costs, allocated indirect expenses, charges for renewal and replacement, debt service requirements, working capital needs including recovery of losses." This is the Regents policy statement. Hover continues to explain, "Costs of keeping the store open is not generating enough revenue to keep it open after the third week."
|Title||UTC Press, 1985-02-21|
|Description||UTC Press was the name of the student newspaper for Utah Technical College at Provo/Orem from February 07, 1985 to June 1, 1987.|
|Publisher||Utah Valley University|
|Subject headings||Utah Technical College at Provo/Orem--History; College student newspapers and periodicals;|
|Source||UTC Press, 1985-02-21|
|Rights||Copyright 2013 Utah Valley University|