Program for Friday July 25, 2003 Douglas Howe Managing Market Risk - "Don't let the airbag deploy after the accident" As a First Vice President of Investments for UBS Financial Services, Doug Howe focuses on retirement planning and portfolio advisory services for privately held businesses and corporate executives.With over twenty years of experience in the financial services industry, Doug has built his clientele on a philosophy of goal setting, asset allocation and responsible investing. Doug works with clients ranging from the individual investor planning for college funding or retirement, to the small to medium sized business owner designing retirement plans and stock option programs. Doug graduated from the University of California at Berkeley where he studied Economics.  He is currently an active member of the Olympic Club.  Doug and his wife Kathryn (UC Berkeley '82), and their three children make their home in Burlingame, California. Door Duty: Michael Fenley and Bill Reid * * * * * * * * * Program for Friday August 1, 2003 Sally DeWitt Peres School Volunteer Door Duty: Jim Young and Mike Ready * * * * * * * * * Program of July 18, 2003 Agnes Somogyi, Past President of the Rotary Club of Budapest-Danube (Hungary) described with a video the conditions at the orphanages she is trying to raise money for.  The orphanage has 400 children of Hungarian, Romanian, Bulgarian, decent.  They also have some Gypsy children.  The orphanage family unit is 8-10 children with two adults.  The government pays a stipend to these families of $15 per child per month.  She says they need to raise the stipend to $30 per month.  To solve the problem The Rotary foundation is proposing a matching grant with cooperation from clubs like her's, ours and others in the US and Europe.  Her English was a bit broken; she teaches English in Hungary, and I though it was unclear how much progress she was making.  She clearly made a good case that they truly do need assistance. Our second speaker was Jack Knox our five term assemblymen.   He says humorously "after I had three children is college I could no longer afford to be an honest politician"'  He started by promising us that he would not "fill our pockets with a lot of smoke" by giving us a bunch of political doublespeak. His talk was titled "An Oral History of the Rosie the Riveter Story"  Jack believes like, the many of use, that the WWII story of Richmond is a particularly rich and fascinating slice of American history.  Oral histories are what they sound like.  A trained historian visits and interviews people from all walks of life in one-hour sessions.  The recording is used to prepare a transcript, which the interviewee reviews and edits before it is published.  Jacks oral history was conducted by University of California at Berkeley Oral History Department.  Jacks years as a legislator were the reason he was targeted by the history dept. Jack wants to extend this process to look closely at the WWII Richmond experience.  $80,000 is needed to explore and record this segment of American History.  Jack was asked by our program chair to comment on the following issues:  "Is it true that you were listed on both the republican and democratic tickets?  Would you please comment on the annual budget drama now playing out in Sacramento.  In response to the first question he was in fact on both tickets because of the write in process which made for an awfully boring fall election" he said. Regarding the second question: He says that to pass a budget you need a 2/3 vote of both houses which is very hard to get especially when you have only 80 in the assembly and 40 in the senate.  He singled out term limits as the biggest single culprit in the worsening situation.  Without a "Willie Brown" type with years of experience as chair of Ways and Means, who knows where all the skeletons are buried, who has built up alliances and knows how to motivate people, you get chaos.  But term limits are here to stay and we will just have to live with the situation he says.  He also blames proposition 13 for shifting revenues to Sacramento and thus making localities more dependant upon chaotic state government. Of course the day would not have been complete without a comment on the current recall effort of the Governor Davis.  "This recall effort has been largely financed by a wealthy legislator against the will of the people who just elected him.  This special election is going to cost the taxpayers $35 Million and this rich legislator is not offering to pay for any of that".  Jack thinks the $20 million used to finance this

` Last Week President Stoney rang the bell and issued a call for a silent prayer for peace.  John Nicol was selected to lead the club in saying the Pledge of Allegiance.  Afterward Stoney's wisdom for the day was: "Better to go to hell alone than to heaven with the crowd" Visiting Rotarians Bart "AKA Guam Boy" who the army is paying to stay at the Hotel Del in Coronado visited the club with his son a star soccer player. There was also a gentleman visiting from the New Rochelle, NY club who is the father of Richmond's assistant district attorney. Guests  President Stoney brought Sydney Metrick to the club.  Sydney is coordinating an exchange student program for French students that she thinks will improve French and American relations.  She still needs homes for her students.  I you are interested in hosting a student she can reached at Symetric@attbi.com. Announcements Sydney Metrick wants people to help her host French Students.  Contact her at the above email. David K had nothing to report which is good news. Credit Card applications were handed out on each person's table which if used by a Rotarians rebate to Rotary International .005% of all purchases.  The interest rate is 9.9 %.  Sounds like a no brainer to me.  But that is because I have no brain. Coming Speakers 8/08  Jim Briggs Outside the Box-Decision Making 8/15  Steve Grossman Oakland's Airport of the 21st Century 8/22  Dr. Robert Hirst PhD Tales of the Mark Twain Archives 8/29  Dr. Joseph Marshall The More You Know, The More You Owe! Recognitions President Stoney recognized only one person today and that was Henry Kelman's B day.  But Henry couldn't remember if it was his 20th,  40th or 53rd B day.  What would you guess?  The club got a donation of $100 from Henry for the recognition.   Happy/Sad $$ Rich Brandes donated $10 happy dollars to celebrate a wonderful bareboat sail charter trip to Polynesia with his family.  Except for a few mild cases of seasickness it was as good trip.  You can be sure it was better than he said so we should ask for another donation next week. Mark Howe fined himself $20 for forcing the club to listen to a subject that is only of interest to himself (i.e. sailing). Dan Ercolini also had $5 happy dollars to celebrate another victory for his softball team. Raffle Charley Wong won the raffle but not the Yellow ball.  $175 was in the pot. Hasta Luego Viernes Mark R. Howe

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