Rose-Hulman Institute of Technology Rose-Hulman Scholar The Rose Thorn Archive Student Newspaper Spring 3-20-2009 Volume 44 - Issue 19 - Friday, March 20, 2009 Rose Thorn Staff Rose-Hulman Institute of Technology, [email protected] Follow this and additional works at: https://scholar.rose-hulman.edu/rosethorn Recommended Citation Rose Thorn Staff, "Volume 44 - Issue 19 - Friday, March 20, 2009" (2009). The Rose Thorn Archive. 148. https://scholar.rose-hulman.edu/rosethorn/148 THE MATERIAL POSTED ON THIS ROSE-HULMAN REPOSITORY IS TO BE USED FOR PRIVATE STUDY, SCHOLARSHIP, OR RESEARCH AND MAY NOT BE USED FOR ANY OTHER PURPOSE. SOME CONTENT IN THE MATERIAL POSTED ON THIS REPOSITORY MAY BE PROTECTED BY COPYRIGHT. ANYONE HAVING ACCESS TO THE MATERIAL SHOULD NOT REPRODUCE OR DISTRIBUTE BY ANY MEANS COPIES OF ANY OF THE MATERIAL OR USE THE MATERIAL FOR DIRECT OR INDIRECT COMMERCIAL ADVANTAGE WITHOUT DETERMINING THAT SUCH ACT OR ACTS WILL NOT INFRINGE THE COPYRIGHT RIGHTS OF ANY PERSON OR ENTITY. ANY REPRODUCTION OR DISTRIBUTION OF ANY MATERIAL POSTED ON THIS REPOSITORY IS AT THE SOLE RISK OF THE PARTY THAT DOES SO. This Book is brought to you for free and open access by the Student Newspaper at Rose-Hulman Scholar. It has been accepted for inclusion in The Rose Thorn Archive by an authorized administrator of Rose-Hulman Scholar. For more information, please contact [email protected]. T HE R OSE T HORN R OSE -H ULMAN I NSTITUTE OF T ECHNOLOGY T ERRE H AUTE , I NDIANA FRIDAY, MARCH 20, 2009 ROSE-HULMAN.EDU/THORN/ VOLUME 43, ISSUE 19 Dow VP speaks News Briefs Noel Spurgeon al;” business is no longer cen- By Andy Klusman N e w s E d i t o r tered on U.S. interests. Gam- brell first realized this in 1994, n March 16th, the when he moved to São Paulo Wal-Mart gives $2 Paustenbach lec- for Dow. The experience gave billion to US hourly Oture took place in him a sense of diversity, which, Rose-Hulman’s Hatfield hall. he said, is important for a lead- The lecture was named for er to grasp. As you expand, he workers and funded by Rose-Hulman said, “you have to get out of Wal-Mart Stores, Inc. has announced it alumnus Dennis Paustenbach, your engineering box;” that is, is increasing incentives to United States a toxicologist and industrial take an integrated approach hourly employeesto $2 billion. This hygienist who is president of and try to see the big picture award includes nearly $1 billion in bo- ChemRisk Inc. The lecture, of any situation. Gambrell re- nuses, $788 million in profit sharing and entitled “Thriving In Today’s marked that this is especially 401(k) contributions, and millions of dol- World- 5 Tips for Career Suc- the case with sustainability: lars in merchandise discounts and con- cess”, was delivered by Mi- engineers are going to be the tributions to employee stock purchase chael R. Gambrell of the Dow ones that have to “connect the plans, according to a memo released by chemical company, another dots,” and this generation of Wal-Mart CEO Mike Duke. Around one Rose-Hulman alumnus. Since engineers will be the first that million employees received a bonus on joining Dow in 1976, Gambrell have to do so. Thursday. These employees have an av- has served on the executive Building on the theme of erage hourly rate of $10.83. Wal-Mart is leadership, business opera- expansion, Gambrell’s second the second best performer on the Dow tions, management, and sus- tip for success is to “expand Tim Ekl / Rose Thorn Jones Industrial Average after McDon- tainability committees, and your abilities”. Although it is Dow executive vice president Mike Gambrell speaks at Rose-Hulman. ald’s Corp. currently serves as Dow’s Ex- an engineer’s job to “under- Gambrell, a Rose-Hulman alumnus, gave a lecture entitled “Thriving ecutive Vice President. stand the details,” this is only in Today’s World- 5 Steps for Career Success.” World economy to As the name suggests, the a small part of the skill needed speech was divided into five for a successful career. The shrink in 2009 sections, with an opportunity engineer’s role transforms as said Gambrell, “you’re going panies are looking for people for questions after the lecture a career matures: from under- to have to pull on everything who always have a ‘Plan B,’ and The International Monetary Fund pre- was completed. As Gambrell standing details to becoming a you’ve learned in order to know how to make tough calls. dicts a global contraction for the world became older, he said, he real- visionary, to being an innova- make elevated decisions… The more plans there are, the economy this year, the first in sixty years. ized that his role had become tor. In order to successfully ex- and you’re just beginning to lower the chance of failure. In their forecast for 2009, the economic that of a coach, mentor and pand one’s abilities, one must learn.” However, in order to make body cites the extended financial crisis as teacher to train and prepare understand what is happening Gambrell’s third tip for suc- these decisions, workers also having “battered global economic activ- the next generation of engi- in a global context, so one can cess was learning to adapt to have to learn to compartmen- ity beyond what was previously anticipat- neers. In his lecture, he said, determine which skills to fos- change. In fact, he said, Dow’s talize: to mentally separate ed.” Previously, the IMF predicted global he would attempt to condense ter. These skills become more need to respond to corporate the things one can and cannot growth at 0.5%. The IMF also predicts that thirty-three years of experi- important the higher a worker meltdowns and the global fi- control. The current econom- advanced economies will decline by three ence into twenty minutes. is in a company. “Everyone nancial crisis was a real-world ic climate is going to be very percent, and hardly grow in 2010, with a Gambrell’s first recommen- grapples with the same ques- example of the importance of complex, and decisions will be growth of less than 0.5%. In addition, the dation for career success was tions; but some of them have a this principle. This is why it is difficult for even the most ex- IMF warns that the banking crisis must be to “expand your worldview.” lot more zeroes behind them especially important for new perienced engineers. tackled head on by world governments to Today, “the world is truly glob- than others.” At some point, hires to be adaptable. Com- Continued on page 3... prevent the economic conditions from de- teriorating further. The Group of Twenty Finance Ministers and Central Bank Gov- Reception features local artists ernors are estimated to spend 1.8% of the Gross Domestic Product ($780 billion) in Tim Ekl schools in this regard,” Steve to give several more such hibition. Rather, his pieces on 2009 on fiscal stimulus, which is not far off Staff Writer Letsinger, Rose-Hulman art tours. display are meant to be a “30- from the IMF’s recommendation of 2%. curator, said. “I hope [this The Moench exhibition year retrospective on his work,” ose-Hulman offers opportunity] serves an edu- features a variety of works according to Letsinger. Dollar falls against its students many cational purpose and that from each artist. Some, such By contrast, Hines, Novak, Rinteresting and it’s a pleasure for people.” as Hines, have as few as six and Bekkering are all allowing unique opportunities. But Students have been mostly pieces on display; others, their works to be purchased euro, others one such recent event lay in receptive to the exhibition, like Carlson, have over 100. while on display. Although After the United States Federal Reserve an area completely unrelated The art- Rose-Hulman is displaying the announced the plan to buy $1.2 trillion of to engineering: the arts. It’s a... unique opprotunity we ists are pieces at no cost to the artists, debt to boost the US economy, the dollar Since January, Rose-Hul- have here... where we can show also all lo- the college does collect a 25% fell against all major world currencies. In man has exhibited the work cal. Three fee on any works sold. addition to falling 4.2% against the euro and of four local artists on the the arts. live in “[The artists] are very 3.9% against the British pound, the dollar first and second floors of the Terre pleased with this arrange- also declined against the yen, the Norwe- Moench Hall. Dave Novak, H a u t e ment,” Letsinger said. “Their gian krone, the Brazilian real, and the Aus- Karen Bekkering, Fred Carl- -Steve Lestinger a r e a , prices are very reasonable… tralian dollar. The Federal Reserve decision son, and Peggy Hines all w h i l e There seems to be a lot of in- to buy debt effectively creates new money, submitted selections of their “ Carlson is terest.” which has sparked concern from investors works to be shown at no cost with some going so far as to from Pennsylvania but has The works will be on dis- about the over-supply of dollars. The Fed through May 2009. purchase the works on dis- a son at Rose-Hulman and play through the end of the will buy $300 billion of government debt, “I think that we all know play.