Advisory Board: Governor Kenny Guinn, Chairman; U. S. Senators Harry Reid and John Ensign, Vice Chairmen; U. S. Representatives James Gibbons and Shelley Berkley, and Las Vegas Mayor Oscar Goodman, Executive Directors.
U. S. Secretary of Labor Elaine Chao
Chairperson
Dr. Tony T. Lei
President
District Judges Mark Denton and Valorie Vega
Vice Presidents
Dr. William N. Thompson
Director of Public Administration Institution
Dr. E. Lee Bernick and Dr. G. Keong Leong
Deans of Graduate School of Business and Public Administration
Dr. Sue Fawn Chung
Director of Culture Institution
Justice of the Supreme Court William Maupin, Attorney General Brian Sandoval, and District Judge Stewart Bell, Honorary Chairmen of Clark County District Attorney and Police Civil Commission (CCDAPCC)
District Attorney David Roger and Clark County Sheriff Bill Young
Chairmen of CCDAPCC
(702) 255-9058
*It's our pleasure to pay a tribute to the above officials who dedicate to the civic and community service spects of our organization in an honorary or adjunct capacity.

------------------------------------------
The recent educational and academic publication of our Grazidio School of Business and Management of Pepperdine University

By Tiffany Chang

It's our pleasure to post the information about educational and academic study and research of the "Graziadio Business Report" of our Grazidio School of Business and Management. The School is one of the famous and achieved institution in Pepperdine University, Malibu, California, U. S. A..
We are also pleased to share the following information and knowledge with all our friends and faculty members of Washington Business and Technology Institute (WBTI):

We are pleased to announce that there is now a new issue online. We invite you to visit the home page at http://gbr.pepperdine.edu/ or to click through to one or more of the features and articles below.*1

Slips, Trips and Falls: A primer for businesses on the law of premises liability
Charles Hunt, J.D.
http://gbr.pepperdine.edu/041/liability.html
Inviting the public into your place of business - or even to walk on the sidewalk in front of your business - carries some risk. What is your responsibility if someone trips or falls down while on your premises? Where are the places that you might need extra security in order to avoid someone being harmed? What kind of practices will provide you with a good defense should something happen? (Hint: Proactive safety measures as a routine part of business are a good idea!) To see what else might be helpful, read Charles Hunt's primer on liability.

The Dollar vs. the Euro: How low will it go?
Peggy Crawford, Ph.D., Terry Young, Ph.D. and Julia Takhtarov
http://gbr.pepperdine.edu/041/devaluation.html
The fall of the dollar against most of the world's currencies over the past year requires that businesses consider another layer of complexity in making plans: How will the price of imported parts or goods (including oil), be affected by the slide of the dollar and how will that affect my business? On the other hand, can I sell more abroad if American goods cost less overseas? The authors tackle these questions, with a particular focus on the relationship of the dollar to the euro.

Currency Exchange Quiz
http://gbr.pepperdine.edu/041/quiz.html
When you have finished the article, or maybe before, you can try your hand at the Currency Exchange Quiz. It is an interesting way to see how well you understand the concepts - and no one even knows your score unless you want to brag.

Slowing Runaway Juries: Court decisions provide new guidance for punitive damage awards
Larry Bumgardner, J.D.
http://gbr.pepperdine.edu/041/punitive.html
Businesses facing a lawsuit over some alleged product defect or improper behavior often fear that they may face punitive damage awards in the millions or even billions of dollars imposed by juries determined to "send a message." A recent Supreme Court decision provides corporate defendants some hope of relief. Find out what the guidelines now are based on a recent Supreme Court decision.

Using Conflict to Your Advantage: Butting heads is not always bad.
Teri C. Tompkins, Ph.D., and Kathryn S. Rogers, Ph.D.
http://gbr.pepperdine.edu/041/learningteams.html
Based on an in-depth study by Tompkins of work teams in the aerospace industry, the authors provide a four-stage process for teams that want to grow into effective learning teams. They show that while conflict is endemic in organizational life, it need not always be negative. Those working together must understand the basic principles of how to use conflict to facilitate becoming a learning team that increases its capacity to take effective action through diffusion of knowledge and skills.

Wired! Hong Kong, China, and Japan flex their electronic muscles
Mark Chun, Ph.D. and Charla Griffy-Brown, Ph.D.
http://gbr.pepperdine.edu/041/itinfrastructures.html
Whether your business is B2B or B2C, if you are planning to visit or do business in China, Japan, or Hong Kong you need to understand the nature of the electronic infrastructure and whether or not you will be able communicate in the same way you are used to doing back home. Chun and Griffy-Brown provide an overview of how these infrastructures have developed and what you can expect. They also point out the need to understand the cultural expectations that will also be there.

Merging Successfully: The importance of understanding organizational culture in mergers and acquisitions
Kent Rhodes, Ed.D.
http://gbr.pepperdine.edu/041/mergers.html
Mergers and acquisitions as a growth strategy seem to be coming back into vogue. In this article Rhodes warns that creating a new company is not as easy as it may appear on paper. However he doesn't stop there. He identifies particular problems and then strategies to deal with the most elusive, but critical, element of the new company -- its culture.

A Conversation with Tom Ross:
CIO and Vice President, Information Systems Division of American Honda
Mark Chun, Ph.D.
http://gbr.pepperdine.edu/041/conversation.html
Professor Chun, who teaches in the area of information systems, talks with Mr. Ross about the Honda culture, about the issues involved in moving from a technical position to managing a business, and the importance of real communication for a successful business operation.

Don't Panic: Try the way of the trout
Charla Griffy-Brown, Ph.D.
http://gbr.pepperdine.edu/041/editor.html
The always-creative Dr. Griffy-Brown helps us understand the importance of being focused and constant, even in turbulent times. Using a number of metaphors from the sea and its life, she provides some good suggestions for business practice - along with introducing this issue of GBR.

The Book Corner
http://gbr.pepperdine.edu/041/books.html
The response to this new feature was very positive in our last issue. We are therefore pleased to bring four new suggestions for books. This time the range of topics is broad, but we believe that you will find all of these very worthy of your consideration. We have added a new feature where you can click directly through to Amazon and order the book if you like.

The Arcade: Consumer Credit Calculators
http://gbr.pepperdine.edu/041/arcade.html
Instead of a strictly business software package this time, GBR brings you some calculators that may help you sort out your own personal financial situation. In a time when many jobs have been lost to downsizing, or when people have decided to try their hand at consulting or beginning a new business, financial decisions are critical. You can use these calculators to help figure out your situation. And if you find that you are already swimming in those turbulent waters that Dr. Griffy-Brown writes about, then there are suggestions here for you as well.

We hope that you find this issue of the Graziadio Business Report informative and valuable. We also invite you to pass this message and information about GBR along to your colleagues and friends.

------------------------
References

*1. Graziadio School of Business and Management. 'Graziadio Business Report: The latest issue of the Graziadio Business Report is now online!' "An e-mail to Dr. Tony Lei from the Grazidio School of Business and Management, Pepperdine University," (April 27, 2004), Malibu, California: Pepperdine University.
*2. Ibid.

Advisory Board: Governor Kenny Guinn, Chairman; U. S. Senators Harry Reid and John Ensign, Vice Chairmen; U. S. Representatives James Gibbons and Shelley Berkley, and Las Vegas Mayor Oscar Goodman, Executive Directors.
U. S. Secretary of Labor Elaine Chao
Chairperson
Dr. Tony T. Lei
President
District Judges Mark Denton and Valorie Vega
Vice Presidents
Dr. William N. Thompson
Director of Public Administration Institution
Dr. E. Lee Bernick and Dr. G. Keong Leong
Deans of Graduate School of Business and Public Administration
Dr. Sue Fawn Chung
Director of Culture Institution
Justice of the Supreme Court William Maupin, Attorney General Brian Sandoval, and District Judge Stewart Bell, Honorary Chairmen of Clark County District Attorney and Police Civil Commission (CCDAPCC)
District Attorney David Roger and Clark County Sheriff Bill Young
Chairmen of CCDAPCC
(702) 255-9058
*It's our pleasure to pay a tribute to the above officials who dedicate to the civic and community service spects of our organization in an honorary or adjunct capacity.

------------------------------------------
U. S. Senator Harry Reid pointed out that "Academic research is essential"
By PAI of WBTI*1

Academic research is essential for educational institutions. To establish UNLV and UN Reno as leading universities, we need to upgrade their levels of academic research.

"The research grants announced (for UNLV and UN Reno) this week will help our students and faculties expand their academic horizons," said U. S. Senator Harry Reid on his recent "WHIP ROUND UP" in Washington, D. C. on April 30, 2004.*2

Reid for Nevada
Reid Supports Security Help for High-Risk Targets

Senator Harry Reid is supporting an initiative that will allow the Department of Homeland Security to provide assistance to high-risk non-profit organizations, including synagogues. Las Vegas has the fastest-growing Jewish population in north America, with an estimated 80,000 Jewish residents and 18 congregations in southern Nevada.

Reid, Ensign Announce Astronomy Grant

Students in Carson City will have an opportunity to explore the heavens thanks to a grant of almost $50,000 to the astronomy department at Western Nevada Community College. The grant was announced by Senator Reid and Senator John Ensign.*3

UNLV Gets $550,000 for Research

Researchers at the University of Nevada, Las Vegas will study women's health and the history of atomic testing in the state, thanks to $550,000 in grants announced this week by Senator Reid. The UNLV Women's Health Sciences Center will receive $298,000 to purchase equipment for research and education activities, develop curriculum specific to women's health issues, and operate for its first year. The UNLV Nevada Test Site History Project will receive $249,000 to cover salaries of the research staff, travel to conduct participant interviews, and the costs of processing and archiving records.*4

***Senator Reid joins students from Elko High School on the steps of the United States Capitol. The students were visiting as part of the Close Up program, which promotes civic values.

Week in Review

Reid Bill Would Cut Health Costs, Expand Coverage - On Thursday Senator Reid introduced The Healthy Employees, Healthy Small Businesses Act (HEHSB). The legislation would establish a new federal refundable tax credit to reimburse small business employers for part of the costs of providing health insurance coverage to their employees. Reid's tax credit would operate on a sliding scale, providing a significant tax credit to all businesses with fewer than 50 employees, but giving the greatest tax relief to the smallest enterprises. Companies with fewer than 10 employees could claim a credit of 50 percent of the cost of each eligible employee's policy, up to a limit of $1,500 for an individual policy or $3,400 for a family policy.

Senate Extends Transportation Bill- At Senator Reid's urging, the Senate on Thursday agreed to a two-month extension of federal transportation programs that were set to expire on May 1. Reid warned that a failure to extend the programs would sidetrack road and transit projects and force the government to lay off thousands of workers. The House and Senate have passed separate versions of a new six-year transportation bill and efforts to reach an agreement continue.

Ban on Internet Access Gets Four-Year Extension- The Senate voted overwhelmingly on Thursday to extend a four-year ban on Internet access taxes, which most experts believe will help keep Internet broadband access affordable and more widely available, particularly in rural areas. The House has previously approved a permanent ban, setting up the need for a conference committee to resolve the differences.

INSIDER'S CALENDAR
The Senate will convene on Monday, May 3, at 1:00 p.m. with a period of morning business until 2:00 p.m.
At 2:00 p.m. the Senate will resume consideration of the FSC-ETI bill under an agreement limiting first degree amendments.
No roll call votes will occur on Monday.
During the remainder of the week, the Senate may consider the Budget Conference Report. Under the Budget Act, debate on the report is limited to 10 hours.

Reid's Words
Academic research is essential to establish UNLV and UN Reno as leading universities. The research grants announced this week will help our students and faculties expand their academic horizons.

http://reid.senate.gov Fax: (202) 228-7362 Phone: (202) 224 - 2158

-----------------------
References

*1. PAI of WBTI is the initial of Public Administration Institution of Washington Business and Technology Insitute (WBTI).
*2. Office of Senator Harry Reid. 'WHIP ROUND UP,' "An e-mail to Dr. Tony Lei from the Office of U. S. Senator Harry Reid," (April 30, 2004), Washington, D. C.: Office of the Assistant Democratic Leader.
*3. Ibid.
*4. Ibid.

Advisory Board: Governor Kenny Guinn, Chairman; U. S. Senators Harry Reid and John Ensign, Vice Chairmen; U. S. Representatives James Gibbons and Shelley Berkley, and Las Vegas Mayor Oscar Goodman, Executive Directors.
U. S. Secretary of Labor Elaine Chao
Chairperson
Dr. Tony T. Lei
President
District Judges Mark Denton and Valorie Vega
Vice Presidents
Dr. William N. Thompson
Director of Public Administration Institution
Dr. E. Lee Bernick and Dr. G. Keong Leong
Deans of Graduate School of Business and Public Administration
Dr. Sue Fawn Chung
Director of Culture Institution
Justice of the Supreme Court William Maupin, Attorney General Brian Sandoval, and District Judge Stewart Bell, Honorary Chairmen of Clark County District Attorney and Police Civil Commission (CCDAPCC)
District Attorney David Roger and Clark County Sheriff Bill Young
Chairmen of CCDAPCC
(702) 255-9058
*It's our pleasure to pay a tribute to the above officials who dedicate to the civic and community service spects of our organization in an honorary or adjunct capacity.

------------------------------
Knowledge, experience, and professionalism with wisdom
By GSBPA of WBTI*1

The modern and creative philosophy of management is advanced on the following words of wisdom, among others:*2

***"The trees that are slow to grow bear the best fruit." --- Moliere
***"Luck is a matter of preparation meeting opportunity." --- Oprah Winfrey
***"The secret of joy in work is contained in one word -- excellence. To know how to do something well is to enjoy it." --- Pearl Buck
***"Plans fail for lack of counsel, but with many advisers they succeed." --- Proverbs 15 : 22 "Bible"

"As a bridge between the business and university, the integrity of community service and academic research of Washington Business and Technology Institute (WBTI) will help Nevada go advance for the cooperation and development in education, business, and culture among international countries. As an Adjunct Associate Professor of the Graduate School of Business and Public Administration (GSBPA) of WBTI, it's my pleasure to extend my knowledge, experience, and professionalism in public service for community and education at the adjunct capacity," said Jackie Glass, District Judge of Nevada, at the event and dinner party by Unity Council of Nevada in Lindo Michoacan Mexican Restaurant on April 28, 2004 in Las Vegas.*3

-----------------------
References

*1. GSBPA of WBTI is the initials of Graduate School of Businness and Public Administration of Washington Business and Technology Institute (WBTI).
*2. Chang, Tiffany. 'Some good personal traits for an individual to be successful in business and some golden words of wisdom for positive thinking,' "Newsbrief of WBTI," (April 8, 2004), Las Vegas, Nevada: WBTI.
*3. Glass, Jackie. "A writing paragraph with signature on my appointment by Washington Business and Technology Institute," (April 28, 2004), Las Vegas, Nevada: WBTI.

Advisory Board: Governor Kenny Guinn, Chairman; U. S. Senators Harry Reid and John Ensign, Vice Chairmen; U. S. Representatives James Gibbons and Shelley Berkley, and Las Vegas Mayor Oscar Goodman, Executive Directors.
U. S. Secretary of Labor Elaine Chao
Chairperson
Dr. Tony T. Lei
President
District Judges Mark Denton and Valorie Vega
Vice Presidents
Dr. William N. Thompson
Director of Public Administration Institution
Dr. E. Lee Bernick and Dr. G. Keong Leong
Deans of Graduate School of Business and Public Administration
Dr. Sue Fawn Chung
Director of Culture Institution
Justice of the Supreme Court William Maupin, Attorney General Brian Sandoval, and District Judge Stewart Bell, Honorary Chairmen of Clark County District Attorney and Police Civil Commission (CCDAPCC)
District Attorney David Roger and Clark County Sheriff Bill Young
Chairmen of CCDAPCC
(702) 255-9058
*It's our pleasure to pay a tribute to the above officials who dedicate to the civic and community service aspects of our organization in an honorary or adjunct capacity.

----------------------------------
Clark County school administrator Edward Goldman appointed to Taxicab Authority board
By PAI of WBTI*1

On April 30, 2004, a leading Clark County School District administrator was named to fill a Nevada Taxicab Authority board seat recently vacated by its former chairwoman.

"Dr. Edward Goldman, 53, who serves as the county's associate superintendent for education services, was named by Gov. Kenny Guinn to fill the seat formerly held by Lia Roberts," reported the Las Vegas Review-Journal.*2

"Goldman's first board meeting should be at the next public session on May 18. At that time, the board is expected to elect a new chair. Goldman joins the board amid a debate about taxi driver security. The board has rejected a plan to mandate surveillance cameras in all cabs. Instead, the board opted for studying the issue for a year.the newspaper continued," the newspaper continued.*3

The following is our post for the most recent Press Release of the Office of Nevada Governor Kenny Guinn:

FOR IMMEDIATE RELEASE: April 30, 2004 Contact Greg Bortolin or John Trent 775-684-5670

Goldman appointed to the taxicab authority

CARSON CITY - Governor Kenny Guinn today announced the appointment of Edward E. Goldman of Henderson to the Taxicab Authority.*4

"Throughout his career in education in the State of Nevada, Dr. Edward Goldman has been a man of high integrity and innovation," Gov. Guinn said. "He will bring a unique perspective to the Taxicab Authority. His background as a skilled administrator with a keen eye for detail should prove to be quite beneficial to the Taxicab Authority."

Goldman, 53, is Associate Superintendent of the Education Services Division of the Clark County School District. His professional career has included Dean of Students at Woodbury Junior High School in Las Vegas, Assistant Principal at Bonanza High School in Las Vegas, Chief Negotiator and Assistant Superintendent for Administrative Operations, and Region Superintendent of the Clark County School District. He received is Doctor of Education from UNLV.

"I am humbled and honored that the Governor would ask me to serve on this public board," Goldman said. "I will do my best and I appreciate the opportunity that he has given me and I am grateful for his confidence and support."

The Taxicab Authority consists of five members appointed by the Governor. Among other things, the board adopts regulations for the administration and enforcement of Nevada statutes pertaining to the conduct of the taxicab business and the qualifications of and the issuance of permits to taxicab drivers. They also have the authority to investigate an alleged violation of any provision of the Nevada statutes and may issue an order requiring the certificate holder cease and desist from any action that is in violations of the statutes.*5

Goldman replaces Lia Roberts of Las Vegas.

Office of the Governor Grant Sawyer State Office Building
101 North Carson Street 555 East Washington, Suite 5100
Carson City, NV 89701 Las Vegas, NV 89101
Fax: 775-684-7198 Fax: 702-486-2505

-------------------------------------
References

*1. PAI of WBTI is the initial of Public Administration Institution of Washington Business and Technology Institute (WBTI).
*2. Review-Journal. 'Taxicab Authority board vacancy filled --- Clark County school administrator named,' "Las Vegas Review-Journal," (May 1, 2004), Las Vegas, Nevada: reviewjournal.com.
*3. Ibid.
*4.Ofiice of the Governor. 'Press Release from Governor Kenny C. Guinn - April 30, 2004; Goldman appointed to the taxicab authority,' " An e-mail from the Office of Governor Kenny Guinn to Dr. Tony Lei," (April 30, 2004), Carson City, Nevada: Office of Governor Kenny Guinn.
*5. Ibid.

Advisory Board: Governor Kenny Guinn, Chairman; U. S. Senators Harry Reid and John Ensign, Vice Chairmen; U. S. Representatives James Gibbons and Shelley Berkley, and Las Vegas Mayor Oscar Goodman, Executive Directors.
U. S. Secretary of Labor Elaine Chao
Chairperson
Dr. Tony T. Lei
President
District Judges Mark Denton and Valorie Vega
Vice Presidents
Dr. William N. Thompson
Director of Public Administration Institution
Dr. E. Lee Bernick and Dr. G. Keong Leong
Deans of Graduate School of Business and Public Administration
Dr. Sue Fawn Chung
Director of Culture Institution
Justice of the Supreme Court William Maupin, Attorney General Brian Sandoval, and District Judge Stewart Bell, Honorary Chairmen of Clark County District Attorney and Police Civil Commission (CCDAPCC)
District Attorney David Roger and Clark County Sheriff Bill Young
Chairmen of CCDAPCC
(702) 255-9058
*It's our pleasure to pay a tribute to the above officials who dedicate to the civic and community service aspects of our organization in an honorary or adjunct capacity.

----------------------------------
The reward for work well done is the opportunity to do more
By GSBPA of WBTI*1

The advancing and good work performance by the search engines giants Google.com, Yahoo.com, Infoseek.com, among others has inspired Washington Business and Technology Institute (WBTI) to share the following golden words with its friends and faculty members:

***"The reward for work well done is the opportunity to do more." --- Jonas Salk, MD
***"Those who trust us, educate us." --- George Eliot
***"Few things help an individual more than to place responsibility upon him and to let him know that you trust him." --- Booker T. Washington

It is our pleasure to post the most recent information by a feature article through the courtesy of Las Vegas Review-Journal about this modern technology and industry:

Apr 30, 9:43 AM EDT

Search Engine King Google to Go Public

By MICHAEL LIEDTKE
AP Business Writer

SAN FRANCISCO (AP) -- Internet search engine leader Google Inc. filed its long-awaited IPO plans Thursday, thumbing its nose at Wall Street's traditions even as the company prepares to cash in on its meteoric success.

Without specifying a price per share, Google said it hopes to raise $2.7 billion with an initial public offering that has created the biggest high-tech buzz since the dot-com bubble burst four years ago.

The IPO is expected to give Google a market value of at least $20 billion, creating scores of new Silicon Valley millionaires - including many of the company's 1,900 employees.

"Feels great!" Google employee Edwina Beaus said as she walked between buildings at the company's Mountain View headquarters - a hub known as the "Googleplex."

But even as it prepared to dance with the Wall Street bankers who will take it public, Google warned investors that it won't take its marching orders from the markets.

"Google is not a conventional company. We do not intend to become one," co-founders Larry Page and Sergey Brin wrote in an open letter included in the IPO filing.

As expected, Google said the price of its IPO will be determined through an auction designed to give the general public a better chance to buy its stock before the shares begin trading, most likely in late summer or early autumn. IPO shares traditionally have been restricted to an elite group picked by the investment bankers handling the deal.

Google picked two long-established investment bankers - Morgan Stanley and Credit Suisse First Boston - to manage its populist IPO approach.

Although Google's stock won't be sold for several more months, the filing represents a significant milestone in the 5 1/2-year-old company's evolution from a fun-loving startup to a corporate adolescent that will be held more accountable for how it manages its money.

Google has done well so far, according to a filing that shined a light on the privately held company's finances for the first time.

Depending almost entirely on advertising linked to online searches, Google earned $105.6 million, or 41 cents per share, on revenue of $962 million last year. Google got off to an even better start this year, with a first-quarter profit of $64 million, or 24 cents per share - more than doubling its earnings of $25.8 million, or 10 cents per share, at the same time last year.

By going public, Google will be under greater pressure to produce steady earnings growth - an expectation that some executives say leads to shortsighted management decisions.

As a public company, "you become sharper in some respects, but it also can cause you to make some decisions just so you can show growth from quarter to quarter," said Steve Berkowtiz, chief executive of Ask Jeeves Inc., a Google rival and business partner.

But Google says it won't fall into that trap, striving to remain true to the vision of the iconoclastic Page and Brin, former Stanford University graduate students who founded the company in 1998. In one of its first rebellious steps, Google will refuse to project its earnings from quarter to quarter, according to the letter signed by Page and Brin.

"A management team distracted by a series of short-term targets is as pointless as a dieter stepping on a scale every half hour," they wrote.

Industry veterans, though, doubt Google will be able to buck Wall Street once it goes public.

"After the IPO, they're going to have to think in terms of predictable quarterly results and momentum," said Gordon Eubanks, who took software maker Symantec Corp. public in 1989 and now is CEO of Oblix Inc., a security startup. "You have to have a level of predictability and experience to warrant being a public company."

To insulate themselves from outside pressure, Page and Brin are creating a two-class stock hierarchy designed to give them effective veto power. The company is selling Class A common stock to the public, but Page and Brin will control Class B stock, which will have 10 times the voting power.

The setup is similar to systems used by several major media companies and Berkshire Hathaway Inc., run by stock market sage Warren Buffett.

Thursday's filing didn't spell out how large the founders' stakes will be after the offering, although they are listed as the company's largest individual shareholders. Both are expected to become billionaires after the IPO. Google paid each man $356,556 in salary and bonuses last year.

The filing also emphasized that both Page, 31, and Brin, 30, intend to remain Google's hands-on leaders, making all key decisions with CEO Eric Schmidt, a former top executive at Sun Microsystems Inc. and Novell Inc. who joined the company in 2001.

Google is already one of the world's best-known brands, with an online search engine that processes more than 200 million queries daily.

Despite its rapid success, Google faces an uncertain future as it tries to fend off stiffening competition from two much larger rivals, software giant Microsoft Inc. and Yahoo! Inc., which runs the world's most popular Web site.

Through February, Google held a 35 percent share of the search engine market, with Yahoo at 30 percent and Microsoft's MSN at 15 percent, according to comScore Networks, a research firm.

"Someone could still come out of left field and blow Google out of the water," said independent technology industry analyst Rick Broadhead. "What they are doing isn't rocket science. Everyone talks about how they have become one of the biggest successes since the dot-com bust, but they still could become one of the biggest flops, too."*3

----------------------------
References

*1. GSBPA of WBTI is the initials of Graduate School of Business and Public Administration (GSBPA) of Washington Business and Technology Institute (WBTI).
*2. Liedtke, Michael. 'Search Engine King Google to Go Public,' "Las Vegas Review-Journal," (April 30, 2004), Las Vegas, Nevada: LVRJ.
*3. Ibid.

Advisory Board: Governor Kenny Guinn, Chairman; U. S. Senators Harry Reid and John Ensign, Vice Chairmen; U. S. Representatives James Gibbons and Shelley Berkley, and Las Vegas Mayor Oscar Goodman, Executive Directors.
U. S. Secretary of Labor Elaine Chao
Chairperson
Dr. Tony T. Lei
President
District Judges Mark Denton and Valorie Vega
Vice Presidents
Dr. William N. Thompson
Director of Public Administration Institution
Dr. E. Lee Bernick and Dr. G. Keong Leong
Deans of Graduate School of Business and Public Administration
Dr. Sue Fawn Chung
Director of Culture Institution
Justice of the Supreme Court William Maupin, Attorney General Brian Sandoval, and District Judge Stewart Bell, Honorary Chairmen of Clark County District Attorney and Police Civil Commission (CCDAPCC)
District Attorney David Roger and Clark County Sheriff Bill Young
Chairmen of CCDAPCC
(702) 255-9058
*It's our pleasure to pay a tribute to the above officials who dedicate to the civic and community service aspects of our organization in an honorary or adjunct capacity.

----------------------------------------------------------------------------------------
For our alumni and friends of Tunghai University, among others --- A message from the United Board for Christian Higher Education in Asia
BY GSBPA of WBTI*1

The Graduate School of Business and Public Administration (GSBPA) of Washington Business and Technology Institute (WBTI) is eager to post the golden words from the Bible about wisdom again. On the Proverb 2:3-6 of Bible, it stated that,
"If you call out for insight
and cry aloud for understanding
and if you look for it as for silver
and search for it as for hidden treasure,
then you will understand that fear of the LORD
and find the knowledge of God.
For the LORD gives wisdom,
and from his mouth come
knowledge and understanding."*2

While the beautiful Christmas card from the United Board for Christian Higher Education in Asia to Dr. Tony Lei has been designed and posted to the WBTI website last December, we are also pleased to quote some idea of the letter from its Director of Alumni Giving and Communication in order to advance their effort for the higher education in Asia from America.

The letter begun with a warmest Christimas wish to all dear friends of the United Board.
Director of the Department Nan Hawkins wrote that "This season is such a delightful time of anticipation and joy. It's also, of course, a time for reflection, especially about our faith, which forcuses on the realizatiion of the extraordinary promise God made through Babriel to Mary, and to all of us: that with the birth of Jesus, God, fully divine, would become fully human...fully present in our world."*3

The late Dr. Paul T. Lauby, United Board's president emeritus, made the daring decisions that led us to expand our work to new schools and new regions, and he oversaw our return to our original roots in mainland China. He was the prime mover in launching the alumni rpogram, which has become so important to the schools, the United Board, and, of course, to you.

"You, Dr. Lei and all our dear friends, too, are wonderful examples of God's presence in the world, especially in the many ways you demonstrate your loyalty to your alma matters in Asia. We are deeply grateful for your support for those schools and their work, your caring commitment validates and confirms the work of the United Board, which was so much a part of Dr. Lauby's life," wrote Hawkins.

The Director hoped that all our friends would consider making a contibution to the United Board to honor Dr. Lauby's memory, for your schools in Asia, for another aproved project, among others. "We will remit the full amountof your gift to the school you specify, with never a reduction for our overhead costs or any other fees," he added.

"With God's grace, the seeds of understanding, knowledge, and tolerance that Dr. Lauby sought to sow through his ministry in the U. S., Asia, and at the United Board will continue to flourish at this season and in the new year," Nan concluded the letter.*4

As one of the first Class of Tunghai University, Dr. Tony Lei was deeply impressed by and heartily appreciated to the Mission and efforts of the United Board for its great love, contributions, and accomplishments to many of the students, schools, educations, and countries in Asia.

It's our pleasure to reprint the following feature article in order to have some response to the launching of the above announcement by the Director of Alumni Giving and Communication of the United Board for Christian Education in Asia:
------------------------------------------------------------

Nevada State and CAAAN welcome and commend TEFA and Tunghai Reunion
By Tiffany Chang

Starting from July 4th, Independence Day, to 8th of 2001 were a long holiday season for casinos and tourist industries in Las Vegas. Numerious visitors were crowing to here, yet Tunghai University had brought good conference and reunion news for Chinese American academic and educaton community of Nevada.*5

On July 6, gathering to Las Vegas had been the directors and members of Tunghai Endowment Fund for Academic Advancement (TEFA) and 12 - 13th classes of Tunghai Reunion. VIPs were invited by Dr. Tony Lei, President of Washington Business and Technology Institute (WBTI) having champagne dinner at Gee Joon Chinese Restaurant of Horseshoe Casino and Hotel. Gerri Schoder brought the certificates of award by Congresswoman Shelley Berkley to the dinner party. TEFA returned with the best Taiwanese box of tea to Shelley. After the pleasent dinner, all the members of party group were treated to enjoy the famous show "Naked Angeles" by Dr. Tony Lei.

On the 8th of July, a Welcome Tea Party was held by Dr. Tony T. Lei, Chairman of Chinese American Academic Association of Nevada (CAAAN) and Mrs. Judy K. Lei. It was held for the celebrating of the incorperation of TEFA USA and the Global Tunghai Reunion in Las Vegas.

In the conference, Dr. Lei expressed sincere welcome in his short speech to both the Corperation and Reunion. He then introduced Theresa Malone, Member of the Nevada Board of Education, and Denise Brodsky, Las Vegas School Board of Trustees to deliver welcome speeches.

Malone spoke for U.S. Senator Harry Reid's welcome to the Conference and announced Reid's certificates of commendation to TEFA and CAAAN. "Yet, with our differences we have a goal that is the same: to provide many opportunities for our citizens to learn and develop their knowledge, skill, mind, and character by formal scholling," Malone said. "With support of organizations as the Tunghai Endowment Fund for Academic Advancement, and the Washington Business and Technology Institute, but most importantly You, we will fulfill our goal to promote opportunities for education. On behalf of the Nevada education community, thanks you for sharing your time and goals with us," she added.*6

Brodsky announced in her welcome speech that U. S. Congresswoman Berkley was giving TEFA and CAAAN each a certificate of Congessional commendation. She recognized that the Mayor, WBTI, among others are sharing their same legacy to include building Las Vegas a community where future generations will have even more opportunities and advantages to live a prosperous life.

The highlight of the tea party at Bellagio was the Congressional Recognition by Congresswoman Shelley Berkley presented through Malone and Brodsky to TEFA and CAAAN. On behalf of the TEFA, Chairman Wu and Dr. Wang President of Tunghai University received the Certificate. Dr. Lei also received the Award for CAAAN from Berkley. Thunders of applause from all the guests and participants brought a climax of this event in the Conference Room of Renoir 2 during the presentation of the awards.

Chairman Wu gave a thanks speech to appreciate Senator Reid, Congresswoman Berkley, and Chairman Dr. Lei. for their hospitable welcome and supports. He was acknowledged with the invitation by Reid to meet the Senator through Dr. Tony Lei. President of WBTI Dr. Tony T. Lei, Chairman of CAN-DO Dr. R. D. Prabhu, among others are going to hold a significant theme party and dinner at August 24, 2001 in Las Vegas for Harry Reid in congratulating his being the U. S. Senator and Majoity Whip of U.S. Senate.

Dr. Kang-pei Wang, President of Tunghai University, was also invited to give a speech. He thanked the nice welcome and supports by the Washington, D.C. Scene, Nevada State, Las Vegas City, and Clark County. Acknowledgement is that this has been one inspired revelation that Dr. Tony Lei's long years of honest and excellent efforts to encourage and promote the academic research and coummunity service in Nevada are significant and fruitful. He said that Tunghai University*7 is a developed university with many departments, graduate schools, and colleges. The diligent attitude of teaching by professors and the concrete research accomplishment of the graduate schools have launching this University to one of the famous educatonal institutions in the wold. He also welcome all Nevadans to have a visit of Taiwan and Tunghai University.

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References

*1. GSBPA of WBTI is the initials of Graduate School of Business and Public Administration of Washington Business and Technology Institute (WBTI).
*2. New International Version (2000)
"Wisdom,' "God's Words of life for Dads," Grand Rapids, Michigan: The Zondervan Corporation.
*3. Hawkins, Nan. 'Christmas 2003,' "A Letter to our dear friend Dr. Lei,' (December, 2003), New York, N.Y.: United Board for Christian Higher Education in Asia.
*4. Ibid.
*5. Chang, Tiffany. ' Nevada State and CAAAN welcome and commend TEFA and Tunghai Reunion,' "Nevada Examiner," (2001), Las Vegas, Nevada: Nevada Examiner.
*6. Ibid.
*7. Wang, Kang-pei. 'The education and research of Tunghai University,' "Tunghai University Information," (October, 2003), Taichung, Taiwan: Tunghai University.

Advisory Board: Governor Kenny Guinn, Chairman; U. S. Senators Harry Reid and John Ensign, Vice Chairmen; U. S. Representatives James Gibbons and Shelley Berkley, and Las Vegas Mayor Oscar Goodman, Executive Directors.
U. S. Secretary of Labor Elaine Chao
Chairperson
Dr. Tony T. Lei
President
District Judges Mark Denton and Valorie Vega
Vice Presidents
Dr. William N. Thompson
Director of Public Administration Institution
Dr. E. Lee Bernick and Dr. G. Keong Leong
Deans of Graduate School of Business and Public Administration
Dr. Sue Fawn Chung
Director of Culture Institution
Justice of the Supreme Court William Maupin, Attorney General Brian Sandoval, and District Judge Stewart Bell, Honorary Chairmen of Clark County District Attorney and Police Civil Commission (CCDAPCC)
District Attorney David Roger and Clark County Sheriff Bill Young
Chairmen of CCDAPCC
(702) 255-9058
*It's our pleasure to pay a tribute to the above officials who dedicate to the civic and community service spects of our organization in an honorary or adjunct capacity.

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PRESCRIPTION MEDICINE PLAN TO SAVE NEVADANS UP TO $5 MILLION
By Kenny Guinn*1

Last week, Nevada joined several other states in an unprecedented plan to pool their collective purchasing power to gain deeper discounts on the prescription drug medicines provided by their state Medicaid programs. This innovative new plan will result in long overdue savings for taxpayers.*2

The multi-state purchasing plan announced by U.S. Department of Health and Human Services Secretary Tommy Thompson includes Nevada, Alaska, Michigan, New Hampshire, and Vermont. By working together with state and federal officials, these states have joined together to reduce the costs of prescription drug costs for their citizens. As a result of the innovative plan, these states will utilize the proven private sector technique of pooling resources as leverage to negotiate lower prices with drug manufacturers.

The costs of prescription drugs unfortunately continue to escalate every year. This year, our state will spend about $100 million on prescription drug medicines for our most needy citizens. As a result of the new purchasing plan, Nevada’s Medicaid program prescription drug costs could be reduced by as much as $1.9 million this year. And, once the plan is fully implemented, savings will grow to about $5 million per year.

Finding innovative and cost-effective ways to help our citizens receive more inexpensive prescription drug medicines has been one of the primary goals of my administration. This focus has included the creation of our successful Senior Rx program and other assistance programs for elderly and disabled citizens. I would like to thank Secretary Tommy Thompson for helping us develop this new multi-state purchasing plan.*3

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References

*1. Dr. Kenny C. Guinn is the Governor of Nevada, U. S. A..
*2. Ofiice of the Governor. 'A Message from Governor Kenny C. Guinn - April 28, 2004;
PRESCRIPTION MEDICINE PLAN TO SAVE NEVADANS UP TO $5 MILLION,' " An e-mail from the Office of Governor Kenny Guinn to Dr. Tony Lei," (April 28, 2004), Carson City, Nevada: Office of Governor Kenny Guinn.
*3. Ibid.

***About the Author:

Kenny Guinn, 67, earned undergraduate and graduate degrees in Physical Education from Fresno State University and later obtained a doctorate in Education from Utah State University in Logan. He was named Superintendent of Schools in Clark County and served with distinction in that position until 1978.

In his work for the Clark County School District, Guinn was recognized as an effective administrator committed to educational excellence at a time when the county was experiencing exponential student growth. His service to Clark County students was honored when Kenny C. Guinn Junior High School was named for him.

In 1978, Guinn began applying his management skills in business as Administrative Vice President for Nevada Savings and Loan in Las Vegas, which later became PriMerit Bank. At PriMerit, he was appointed as Chairman of the Board of Directors of the Las Vegas-based bank. Soon thereafter, Guinn was recruited to the energy business as the President of Southwest Gas Corporation and eventually became Chairman of the Board of Directors of that utility in 1993.

In 1994, Guinn was recruited by the University of Nevada Board of Regents to serve as interim president of the University of Nevada-Las Vegas.

In addition to his one-year term at UNLV, Guinn served the state in leadership roles on a variety of committees and commissions, including the Clark County Community College Advisory Committee, the UNLV Foundation Board of Trustees, the White House Conference on Children and Youth, among others.

Guinn has also worked in his community in a variety of volunteer roles, ranging from involvement in the Boy Scouts and Pop Warner Football to the United Way of Southern Nevada and the Southern Nevada Independent Youth Athletic Association.

Dr. Kenny Guinn is now the Governor of Nevada, U. S. A. at his second term.