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For the Summer Admission Prices Vary, Depending on Seat Location VOL. 46 NO.27 JULY 7, 2006 Rodeo parade has military flair By Wayne Amann Academy Spirit Editor If anyone knows how to march it’s the military. Service members from Front Range installations will collectively put their best feet forward Saturday during the Pikes Peak or Bust Rodeo Parade in downtown Colorado Springs. “The Legend Grows” parade signals the forthcoming 66th annual Pikes Peak or Bust Rodeo that runs Wednesday through July 16 at the Norris-Penrose Events Center. Academy Superintendent, Lt. Gen. John F. Regni, is this year’s parade Grand Marshall. The parade starts at 10 a.m. from the intersection of Tejon and St. Vrain, south on Tejon, past VIP bleachers then right on Colorado and right again on Cascade. The parade ends at the inter- section of Cascade and St. Vrain. Among the 69 local parade partic- ipants Saturday will be the Air Force Color Guard and Academy Band, the 21st Space Wing from Peterson Air Photo by Jamie Romero Force Base, a float from Schriever AFB and an Air Force fire truck. Fort Carson Well wishers will also parade a fire truck, plus its Parents line the Cadet Honor Wall overlooking the Terrazzo to get the attention of their favorite basics during mounted color guard, 5x5 marching the swearing-in of Class 2010 on June 30. Brig. Gen. Susan Desjardins, Commandant of Cadets, officiated the formal ceremony for the incoming class of more than 1,300, which includes 277 women, the largest number of platoon and its Harmony in Motion females ever to enter basic cadet training. One question remains... Which basic is Pookie? Marching Band. The rodeo will salute those who mold future Air Force officers with Academy Day, July 16 starting at 1:30 p.m. Hood goes pro…for the summer Admission prices vary, depending on seat location. Military personnel get 2006 AF grad eyed by during the competition, taking on Boston, 1,307 points. a $2 discount, excluding box seats. Dallas, Golden State, Houston and New The Nuggets kicked off the compe- The rodeo needs volunteers for NBA’s Denver Nuggets Orleans/Oklahoma City. tition against the Dallas Mavericks Academy Day. Hood led the Falcons to the NCAA Thursday. They follow that up against the Thirty-five people are needed for By Academy Athletic Media Relations Tournament last season by averaging a Houston Rockets today. After taking VIP parking, security, ushering and team-high 14.9 points per game. The Saturday off, Denver will resume play on various other duties. Three to 5 volun- Former Air Force Falcon standout Sugar Land, Texas, product, who was Sunday versus the New Orleans/Oklahoma teers are needed for stall management, basketball player Antoine Hood has signed named team Most Valuable Player, earned City Hornets and then rest again on plus 4-man teams for wild cow milking. to play for the Denver Nuggets’team that first-team all-Mountain West Conference Monday. The Nuggets will face the Golden Volunteering is not limited to active will compete in the Toshiba Vegas Summer honors last year and was named all-district State Warriors on Tuesday and close out duty folks. League. by the United States Basketball Writers the league against the Boston Celtics on For more information, contact The 2006 TVSL began Thursday at Association and the National Association Wednesday. Master Sgt. Jackie McCoy at 333-5533 the COX Pavilion on the University of of Basketball Coaches. Other notables on the Nuggets or [email protected] or Tech. Nevada-Las Vegas campus, and will run Hood is the school’s career leader summer league roster are Eric Chenowith Sgt. Teresa Hatch at 333-8839 or through July 14. with 118 games played and is 8th on (Kansas), Casey Jacobsen (Stanford) and [email protected]. The Nuggets will play five games the Academy’s all-time scoring list with Josh Davis (Wyoming). I N News Feature Sports S Grad commands Birds of a Karmondy tops I shuttle feather in MWC D E Page 3 Pages 16-17 Page 20 Academy Spirit 2 COMMENTARY July 7, 2006 Taming the credit monster By Master Sgt. Ben Seitz 341st Contracting Squadron first sergeant MALMSTROM AIR FORCE BASE, Mont. (AFPN) – “People do not plan to fail. They fail to plan.” It is an adage spoken countless times. Unfortunately for many, it rings painfully true in today’s easy- credit environment. In the past few months I have heard many stories of people who have put themselves into devastating financial hardship due to a lack of planning and fiscal self-control. I searched through the local phone directory and found no fewer than 15 “pay day” loan companies who prey upon those who fail to plan, often charging interest rates in excess of 600 percent annual percentage rate. Always be cognizant of the fact Illustration by Staff Sgt. Tim Jenkins that although financial responsibility the use of credit cards for emergency interest, and if you are only making After 12 months, upgrade to a $4,800 is a personal matter in the civilian situations. The dollar amounts of the minimum payment, chances are car that should last two years. world, military members can be emergency funds vary according to they will not be paid off for several Continue making the $400 deposits charged under the Uniform Code of the person, but in general, a military years. for 24 more months and you will have Military Justice for financial irre- person should have one month’s If you have outstanding credit $9,600 to purchase your next car. The sponsibility. So how can folks avoid salary set aside to cover potential balances, develop a plan to pay them habit you are developing will have financial pitfalls and manage their unknown situations. off as part of your budgeting process. you driving newer vehicles in no time finances skillfully? Once a budget is developed, a Many experts recommend paying off and you will never have to go into The first step to financial inde- person needs to get a handle on his or the lowest credit card balance first by debt for them. pendence is developing a budget. For her credit liabilities — what he owes paying as much as possible on it Always check with your insurance the next two months, itemize all of to others. Credit cards can be a good while paying the minimum required company before purchasing a vehicle your expenditures to include those thing when managed properly. Too payment on all other cards. This can to find out the monthly cost of insur- quick lunches, café mochas from the often, though, people misuse their give a person a quick sense of accom- ance for that vehicle, and ensure the coffee stand on the way to work and credit cards to purchase things they plishment, and it eliminates another amount is part of your monthly the lottery tickets you purchased at do not really need and then pay the monthly payment. Soon a person will budget. the gas station. This can be an eye- minimum payment required monthly. be down to paying the maximum If you need help, visit the finan- opening experience for some. At the This can turn that flat screen televi- amount possible on one remaining cial experts at the Airman and Family end of two months, look at where sion you purchased on sale for $1,500 card. Readiness Center, formerly the your money is going, and develop a into an overpriced investment of Finally, a few words about Family Support Center, and set up an plan to harness your spending to meet $2,500 that will take an additional purchasing a vehicle. If buying your appointment. They can assist you in a your objectives. two to three years to pay off. first car, buy only what you can wide array of services, including One critical component of any If you have credit cards with afford: that means cash in hand. If setting up a budget and arranging budget is an emergency fund, which outstanding balances you cannot pay that’s a $300 junker from the lemon payment terms with credit card can reduce the burden of unforeseen off at the end of the month, you need lot, then that will have to do. Then companies. Best of all, their services events like car repairs or unplanned a plan. Most department store credit bank the $400 per month you would are free to all active-duty and civilian travel expenses. It also helps mitigate cards charge in excess of 20 percent have had to pay on a new car loan. personnel. United States Air Force Academy Mission: To educate, train, and inspire men and women to become officers of character motivated to lead the United States Air Force in service to our nation. Directorate of Public Affairs mission: The Academy Spirit is published by of the products or services advertised. Submissions To responsibly inform and educate the Colorado Springs Military Newspaper Group, a Everything advertised in this publication shall Academy community and the public about the private firm in no way connected with the U.S. be made available for purchase, use or patron- Send submissions to: HQ USAFA/PAI, 2304 Cadet Air Force, under exclusive written contract with age without regard to race, color, religion, sex, Air Force Academy Drive, Suite 318, U.S. Air Force Academy, CO 80840- the U.S. Air Force Academy. This civilian enter- national origin, age, marital status, physical 5016 or deliver to Suite 318 in Harmon Hall. Lt. Gen. John Regni — Academy Superintendent prise Air Force newspaper is an authorized pub- handicap, political affiliation or any other non- Deadline for free classified ads on a space-avail- Lt.
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