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allery Features Contemporary Sculpture *»« Page 6
Volume 104, Issue 8
"Florida's Oldest Collegiate Newspaper"-
Stetson University DeLand, Florida
November 59 1991
SA Allocates Funds
By Robert Bullock
Reporter Editor
Over fifteen thousand dollars
from the student activity fee was
allocated to twenty student organizations by the Student Association Executive Cabinet in a
meeting held October 16 in the
CUB.
The allocations, approved last
week by the Dean of Campus
Life, were made by the S.A. Vice
Presidents for Senate, Programming, Publications, Judiciary,
Religious Life, Greek Life, Residential Life, and Athletics/Intra-
murals.
Thirty-one organizations made
requests totaling $57,249.54.
However, only $15,000 was available to be allocated.
The following organizations
received the following amounts:
Judiciary Council, $250; Student Association, $800, College
Bowl, $435; SUB Concerts, $2500;
SUB Special Events, $600; SUB
Rafters, $500; The Reporter,
$1200; Peer Educators, $1000;
Volleyball Club, $400; Crew,
$1800; Mad Hatters Glee Club,
$300;T/ie Hatter, $1500; AKPsi,
$600; Religions Life Council,
$200; Society for the Advancement
of Management, $258: Fellowship
of Christian Athletes, $250;
Homecoming, 1125; Alpha Chi
Omega, $125; Alcohol Awareness
Committee, $200; Phi Alpha Delta, $1000.
The moneys awarded must be
spent before the spring allocations
are made in January.
Any organization which is
recognized by the University and
is in good standing in the Student
Association may make a request,
however requests must be for
specific programs and those programs must benefit the whole
student body.
BCCI Buster Visits
By Derek Ashworth
Staff Writer
"The collapse of BCCI is the
most astonishing multinational
fraud in the history of modem
finance."
These were the opening remarks of Jack Blum, a Washington attorney and former U.S.
Senate investigator who played a
key role in bringing the BCCI
mess to the American public's eye.
Visiting the Stetson campus
last week, Blum addressed students, faculty, and guests as part
of Stetson's Pre-Law Day.
Blum explained that the scandal over the Bank of Credit and
Commerce International includes
historic dimensions of bribery,
corruption, money laundering, gun
running, drug smuggling, terrorism, and nearly $5 billion in lost
or stolen assets in more than 70
different countries.
Not to be left out, the United
States is among the nations touched by the scandal, including members of both political parties.
Additionally, the CIA (Central
Intelligence Agency) has been
linked to having had involvement
with BCCI.
BCCI had been established by
Pakistani financier, Agha Hasan
Abedi in 1972, creating the first
multinational bank of the Third
World.
However, with little regulatory
supervision, the bank became
involved in numerous "activities"
other than those involved in international banking.
Blum noted the cleverness of
Pakistani bankers who had "artistically" created books to give the
See BCCI page 5
Get To Know Nader
By Sandra Maltby
By now we have probably all
seen the posters around campus
advertising tomorrow night's appearance of Ralph Nader as part
of the Artists and Lecturers series.
However it appears that many
students have no idea who he is
or just why we should take time
out of our busy schedules to listen
to him.
Ralph Nader is the most,well-
known consumer advocate in the
country.
When he first took on General
Motors, one of the world's largest
corporations in the mid-sixties, it
seemed to be nothing short of
David facing Goliath.
Granted Nader was a Harvard
Law School graduate, but he'd
only been practicing law seven
years and was still unknown when
his book, Unsafe at Any Speed,
came out.
The book attacked the safety
of the Chevrolet Corvair, a move
which prompted GM officials to
hire private investigators to discredit Nader.
Ultimately, the attempt backfired as" the issue came before
Congress, the GM chairman was
forced to publicly apologize, and
book sales soared.
More importantly, the Corvair
was taken off the road, and a new
era of corporate accountability
arose.
Nader went on to hire dozens
of young people to investigate and
report incidents of government
regulations being overlooked or
being altogether inadequate.
The group, centered in Washington D.C. and coming to be
known as Nader's Raiders, overturned stone after stone to expose
problems found in both large
corporations and government
agencies.
As a direct result, bills were.
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passed creating the Occupational
Safety and Health Administration,
the Environmental Protection
Agency, and the Consumer Product Safety Commission.
His disciples have taken on
almost any and all aspects of
business and finance with a negative influence on consumers.
Nader continued to write many
books over the years, and worked
to set up numerous public interest
groups.
Examples include the Center
for Study of Responsive Law,
which serves as his headquarters,
and Public Citizen, a lobby with
50,000 members whose Health
Research Group -works agpinst
smoking, unnecessary surgery, drug
advertising, etc.
Overall, he has a varying degree of control over almost thirty
non-profit organizations with
combined revenues of nearly $80
million and assets around $23
million.
This has led some critics to
charge that Nader's consortium of
public interest groups has become
a sort of corporation itself, complete with the same amount red
tape and secrecy that he so often
criticizes.
Despite a period away from
See NADER page 5
