AND
Column
Resume:
Hype or
reality?
By Greg Stone
■ The Daily Pennsylvanian
U. of Pennsylvania
1 guess we are all a little
embarrassed bv selling our
selves on resumes. It seems so
uncomfortable and so neces
sary. We try to both stand out
and fit in. We estimate what the
tribunal of job-granters want,
and then mold our experiences
into a limited number of multi
syllabic words in an attempt to
satisfy them.
Exaggeration tempts all hut
the most principled. The
pressure is intense, and some of
the criteria seem relatively
innocuous. Who would ever
know whether you were presi
dent of the Finance Club
i According to Career Planning
and Placement tit the U of
Pennsylvania, 13 seniors
claimed that post last year.)
Why do we submit ourselves
to this inane procedure? Why do
we embrace the matching
resume, cover letter and enve
lope as a reincarnation of the
holy trinity?
I suppose it’s because we’re
insecure. We are awed by the
power of The Firms We so des
perately need the job, money
and acceptance that we’ll do
whatever it takes.
Problems arise, however, when
the resume links our lives and
our marketability. Our personas
become formatted, typeset and
stock white.
I'd bet that over three-quar
ters of the readership has par
ticipated in an activity because
of its appearance on an 8 1/2 X
11 sheet of paper. I still tend to
view my achievements in terms
of paper value as well as person
al satisfaction. But I do know
that hollow feeling of volunteer
ing without being interested.
Many of us do.
Making a difference is more
important than titles. I see that
that is what our society and our
own securities dictate, but do you
really want to work for someone
who hires sheets of paper and not
people?
Market madness
The AT&T collegiate challenge gives students an oppor
tunity to play the stock market without the risk
Pago 19
‘Pampered’ MBAs
Japanese business leaders sav hands-on experience is
more valuable than an MBA
Page 21
PAWNING: A quick fix for cash crunch
By Dana Albrecht
• College Heights Herald
Western Kentucky U.
When Maurice Mitchell
needed cash quickly last quar
ter, he went to a pawnshop
The Western Kentucky U
student came into the E-Z
Money Pawn Shop one day
last fall and handed some gold
necklaces to Sandra Mills,
whose husband, Edgar, owns
the shop.
After looking them over,
Mills wrote a description of
the necklaces and put them in
a small brown envelope. Then
she handed Mitchell a receipt
and some cash Mitchell said
it was his second trip to the
shop in tin1 last six months
“I come here when I'm in
trouble, like when 1 write a
bad check or have a money
shortage," Mitchell said,
adding he planned to get the
necklaces back and repay the
loan by Saturday.
Some people find pawn
shops a quick alternative for
fast cash Instead of signing
papers and waiting days to get
a bank loan approved, people
go into a pawnshop, put an
item up for collateral and
leave with cash in hand.
The process for pawning is
easy. People bring an item in
to pawn; the pawnbroker
determines the item's value and loans
that amount. People have up to 30 days
to repay the loan and get their items
hack Or, they can pay a small storage
fee for every 30 days that their belong
JOSEPH* GARCIA Li .i -r '.('! •«-iv: WtSttHN*fcNI>. «* .
Instrument are among some of the unclaimed merchandise for sale at
E-Z Money Pawn shop
ings are in the shop until they can pay
back the loan.
People who come to pawnshops have
“run out of money before the nextcheck,"
said the owner of the West date Pawn
Shop < 'harles Throneherry
The manager of the
Bowling Green Pawn Shop,
B •) Richardson, said mans
students come in needing
money for textbooks, tuition
or emergencies
Pawnshops are crammed
with items that were pawned
and never taken back or
bought from other shops and
wholesalers Their sales bring
in money to hum
Pawnshops have been m
America since around the
early 1800s but weren't recog
nized by state laws until the
late 1800s In Kentucky,
pawnbrokers must record a
detailed description of items
pawned and submit the
report to the police
Although it varies from
state to state, they also need
a license, Throneberry said,
and they can’t charge more
than 22 5 percent interest on
loans
Because of their work in jail
bonds, pawnbrokers have tra
ditionally had a seedy image,
said lowell Hughes, owner of
the Bowling Green Pawn
Shop
Pawnbrokers said they
hope the image of pawnshops
is changing
But, “pawnshops are the
tiling,’ 1 lugiies added, indicating
mat some shops are irancnismg
Pawnshops can be good businesses
depending upon the economic situation,
L&S Pawn ( Kvnor Larry Yeckering said
"The economy has to go up and down like
a yo-yo for pawnshops to work,” he said.
Pine dreams come true for loft makers
I
By Sonya Goodwin
■ The lumberjack
Northern Arizona U.
“The whole idea was to make a
lightweight loft that could he easily
shipped and could lx’ earned in a nylon
hockey bag," said Steve Schulte, one of
two Northern Arizona U. students who
has challenged the traditional concept of
lofts.
Schulte and John Hurry have
designed a loft made of polyvinyl
choloride pipe that is easy to assemble,
lightweight and durable.
Hurry said they want to call their ere
ation “K-Z Loft" and choose to market
women because "most guys want to build
their own lofts.”
Schultz said it takes five minutes to
put the loft together and fits in almost
any car
Constructed of3-inch white PVC pipe,
their first model stands 5 feet, (i inches
high, weighs about 35 pounds and can
See LOFT, Page 21
Making millions for the fun of it
By Roy R. Reynolds
■ The Shorthorn
U. of Texas, Arlington
Clay Jett, dressed in a pinstripe suit, sits on his desk in
the Finance Society office talking intensely on the phone.
Jett, a '22-year-old business major at the U. of Texas,
Arlington, looks like a typical stock market investor.
But the stocks he trades are not so typical.
Jett, president of the Finance Society, heads a group of
students that will participate in the second annual AT&T
Collegiate Investment Challenge.
The Challenge is probably the quickest way to turn $49 95
into $500,(XX).
For a $49.95 fee, any college student gets a
game packet that includes a portfolio, a list of stocks and
$500,000 of play money to invest in regularly traded stocks
on the New York Stock Exchange.
“Last year we were one of the six schools to put three play
ers in the top 100,” Jett said. “I think we can do better this
year.”
Student Rich Hahn increased his 500K by about 30 per
cent last year.
“I got in the top 10 percent of the country last year, and I
think this year I can do a lot better,” he said. “I've got another
year of experience under my belt."
Afler investing the $500,000 from last November until
Feb. 28, 1990, the player with the most fake money gets a
trip for two to the Bahamas and $25,000. In addition to the
top prize, there is a $ 10,000 prize for second; $7,500 for third.