Word: investmentsâ
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However lofty that principle, it is difficult to maintain when large investments???in scholarship money, facilities, travel expenses and television revenues?are at stake. Already basketball coaches are luring transfer students to their campuses with no fear of penalty: the A.I.A.W., unlike the N.C.A.A., does not require transfer athletes to sit out a season. A 5-ft. 10-in. forward with a good fadeaway jumper can, and increasingly does, play musical colleges. Michigan Athletic Director Donald Canham watches from the sidelines and notes: "The women had a golden opportunity to establish an athletic program with the men's mistakes...
Already the OPEC countries have been the recipients of by far the greatest international transfer of capital in history. Because many nations are becoming poorer while the oil exporters become richer?and much of the oil money is neither spent nor placed in long term deposits or investments???the huge transfer of wealth threatens to choke the international monetary system and strangle world trade...
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