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November 2008

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November 2008 Published twelve times a year by the International Men’s Club of Zug IIIIIIIIII IIIIIIIIIIIIIIIIEditor • Andrew DeBoo • e-mail: [email protected] IMCZNEWS NOVEMBER 2008 IN THIS ISSUE FRONT PAGE PRESIDENTIAL DISPATCH • New Members • Presidential Dispatch IT'S RAINING MEN! • Editor's Subtext Hallelujah, it's raining men! • Future Events EVENT NEWS Now, having re-read that I'm already beginning to regret having • Grimselworld Excursion written it. First, because I'm REALLY hoping that you get the refer- ence to the 1982 disco hit by the Weather Girls. Then of course, • ZIWC Fondue Dinner because I'm showing my age in bringing it up. Not to mention that on the Zugersee it's a disco tune. But just the same - at the IMCZ, it's raining men. • Zug4You/IMCZ Etter Thursday, October 16th we held our second semi-annual New Distillery Visit Members Reception (NMR) at the Parkhotel. Some 42 members - • Theater at Chnuschper Hüsli both new and veteran - were in attendance. It was a great way to • ZIWC Booksale at Zugerland meet some of our many new members. We had 43 members • ZIWC/IMCZ TGIF attending, 15 of them new since April, with three joining at the • Rinspeed Visit event. • ZIWC Christmas Dinner The IMCZ now boasts 235 members. Since the previous NMR in Dance 2008 REMEMBER mid-April, 38 have joined. Since the beginning of the year, 20 more. • Galarena Christmas Show In the last 12 months we've had a total of 71 new members join HEALTH the IMCZ. All in all, we seem to be doing something right. • Enemy of the State #1: Many of those new mem- Aspartame! bers have come through CULTURE your referrals - thank you, • The Naked and The Dead, to attend the Stammtisch and keep up the good work. by Norman Mailer every Thursday evening Others have stumbled upon • Gossip, Glitter and our website and have been Glamor / Gershwin 18:00 – 20:00. convinced to join. Our newsletter makes a great • Kunsthaus Zug: calling card, we have IMCZ Richard Tuttle Join us at the flyers and business cards SCIENCE/TECHNOLOGY . being distributed now in Zug and people are slowly starting to • GPS Applications Park Hotel in Zug hear about us. Then of course, the Stammtisch also makes a great BUSINESS/FINANCE Through the bar in place for someone to drop by and meet a good percentage of our • Investor Sentiment - membership on any given Thursday. the Dining Room between Greed and Fear The IMCZ Stammtisch • Investment Corner ! For those of you who haven't dropped by on a Thursday evening SPORTS recently, you won't know that the Stammtisch has become a very • From the Lanes: On Strike popular event. Twenty members - what used to be a record - is now at the Cherry Bowl a slow night at the Stammtisch. Average attendance is now over 20, HUMOR with over 25 not unusual. Over 128 different members have attend- IMCZ ed since January - some 54% of the club! Our largest Stammtisch • Selections from Introducing…new members - the April NMR had 51 members in attendance. We've had over IMCZ Members THE IMCZ WELCOMES: 740 Stammtisch visits. I'm guessing that that probably means that BITS AND Abul Fazal originates from continued on page 2... • Fachstelle Migration - Singapore, and speaks English, Canton Zug Services Tamil, Hindi and Arabic. Abul works for Foreigners as a system analyst with Convergent Consulting in Zurich. He lists his future events • Member's Marketplace home address as being the same November 12: IMCZ/Zug4You Etter Distillery Visit • IMCZ Rates as his work address, but we home • Corporate Space this is either oversight or a very November 20 - January 4: Galarena Christmas Show convenient coincidence. Abul enjoys November 21: Chnuschper-Hüsli – Hilarious Swiss Dinner Theater • Adieu sports and outdoor activities. November 21-22: ZIWC Booksale at Zugerland November 28: ZIWC/IMCZ TGIF Colin Mason is British, and speaks English and French. Colin December 2: Rinspeed AG Visit works with Burger King Corporation December 2: Chuckles English Comedy Night Zug here in Zug as back office project December 6: ZIWC Christmas Dinner Dance 2008 lead for Europe, Middle East and December 8: Gossip, Glitter & Glamor Africa. A cultured sportsman, he December 9: Gershwin, etc. enjoys skiing, squash, hiking and January 24: Burns Night art. Colin lives in Walchwil. January 28: IMCZ AGM continued page 5... IIIIIIIIII EVENT NEWS• over 700 liters of beer have been consumed, but then, there are some statistics even I can't track… Fall Back? “Look, Dave… you've probably got a lot to do. Editor's I suggest you leave it to me.” America Enters - HAL, in Stanley Clarke's “2001: A Space Odyssey“ Subtext A New Age In fact, it's not just statistics that I can't always track, Last weekend North Americans switched their clocks back to winter time, or because I DO have a lot to do. When IMCZ member Hal standard time, and could oversleep without worry they'd wake up behind Trufan recently asked if there was “something he and would need to plunge headlong into the day without time to think or that could do” for the IMCZ, I thought that his advanced stabilizing caffeine injection. “Spring ahead,” they say of what took place six IT skills might come in very handy indeed. months ago, the mnemonic device offered to help us remember in which When I joined the IMCZ in 2006, I did so - or attempted to direction to turn the dial, so now it's “Fall back.” do so - through the club website at www.IMCZ.com. After But this year “Fall back” seems to have an additional, almost symbolic mentioning that it was functioning “sub-optimally” and meaning, if we look around the world and consider the changes the year has that I could help as a software engineer, I promptly found brought economically and what stood in the balance in the General Election myself with weeks of work on my hands getting the web- in the United States. site into shape. With the initial development complete, The world is girding its loins for what could be a long economic winter, there's still a lot of behind-the-scenes activity required to arriving early and lasting beyond April. In response to a credit crisis that has keep the information up to date and the website running bristled through globally-intertwined economies, heads of state and national smoothly. There are also various improvements which banks moved swiftly to shore up their financial systems. we're considering implementing. The injection of capital into leading banks has been massive. The British gov- Thanks to Hal, who has very graciously offered to take on ernment has injected the equivalent of USD 35 billion into flagships RBS, the job as IMCZ Webmaster. And if HAL doesn't shut HBOS, Lloyds, and Barclays, while Germany will issue credit guarantees for down the crew's life-support systems, I won't yank out his inter-bank lending of up to €400 billion and set aside a €100 billion fund to memory banks… inject capital in financial institutions and acquire illiquid assets. France expects to guarantee up to €320 billion in inter-bank loans and provide €40 bil- Annual IMCZ / ZIWC Bowling Challenge lion in new capital for banks. Total European banking system support has Thanks also to Steven Butterworth, who has been approached USD 3 trillion (www.thebankwatch.com, 12 Oct 2008). diligently organizing the monthly IMCZ Bowling. We've On the other side of the Atlantic, the United States government's injection of been bowling now for nine months, with an average of 20 some USD 125 billion to nine leading banks was similarly large. Bank of bowlers a month, with 68 different IMCZ and ZIWC America, Citigroup, JPMorgan Chase and Wells Fargo each received USD 25 members trying their hand. When will we see you at billion, Goldman Sachs and Morgan Stanley each received USD 10 billion, and the lanes? the Bank of New York and State Street got USD 2 billion apiece. A further USD 125 billion will be spread throughout the system, with the US government, as On Monday, November 17th, it's again time for the its counterparts in numerous other countries, effectively taking stock while annual IMCZ/ZIWC bowling challenge. Come out and join trying to stabilize the system (Peter Cohan, The Cohan Letter, 14 Oct 2008). us at the lanes for the annual competition for the prized bowling cup (there is one!). The IMCZ has taken home the While these actions by national governments are a credit to their economic cup for the last several years. This year, as we have nine wherewithal and prudence, the effect on investor sentiment has not yet brought the desired stability. With encouragement that you proceed to read months of scores from the regular bowlers, we're going to IMCZ member John Smith's article in the following pages, markets around the add a handicap to the scoring to even the playing field world have been rocked with volatility. Major exchanges lost between 3.2% between the two clubs. (NASDAQ) and 9.6% (Nikkei) on 24 October 2008 (IHT, 25 Oct 2008), with The club will be organizing a pre-bowling apéro and prizes 3-month changes ranging to date between -26% and -45%. What will things will be awarded to the 1st, 2nd and 3rd best IMCZ and look like by Christmas? ZIWC bowlers. Hope to see you at the lanes! Not wanting to promote doomsday thinking, the Americans could go to the polls this week well rested after a breathtaking presidential campaign.
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