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RIM Park‘s Rotary International Peace Park is a quiet place to relax and reflect panning more than two acres within RIM Park, Rotary _ International Peace Park is a picturesque retreat where visitors can relax, gather, and reflect on Rotary club‘s message of "peace, goodwill and underâ€" standing," says Barry Macleod, chair of Rotary‘s centennial committee. The first of its kind in Canada, _ Rotary _ Interâ€" national Peace Park is conâ€" veniently â€" situated along University Avenue and next to â€" RIM â€" Park‘s â€" multiâ€" use recreation | building. Macleod says the central focal point of the park will be a monument or sculpture (yet to be determined) and a plaza. The circular paved plaza â€" symbolizing unity, harâ€" mony and strength â€" is surâ€" rounded by a larger circle of turf grass, ideal for gatherâ€" ings and special events. The plaza‘s boarders are defined by an armour stone wall which provides seating and breaks apart in places to allow access to the plaza. At the plaza‘s edges, flowering cherry trees will provide much needed shade and four large steel panels, symâ€" bolic of "war, weaponry and conflic", will appear at each entrance way to the plaza. Over time, the panels will oxidize, becoming rusty in appearance. The messages contained on the panels will celebrate the history of the organization as well as its New book explains derivatives in plain English A University of Waterloo professor and his son have coâ€"authored a new book that explains in plain English what derivative financial instruments (comâ€" monly called simply "derivâ€" atives") are and how they can be used effectively. Prof. Phelim Boyle with the School of Accountancy, and his son Feidhlim, a financial analyst, wrote the 200â€"page, essentially mathâ€" free, book to help inform people about derivatives. _ Derivatives have changâ€" ed the world of finance as pervasively as the Internet has changed communicaâ€" tions, the pair said. They are used to transfer tisk in everything from interest rates to electricity prices. However, they are not well understood and are regarded as complicated, technical and even dangerâ€" "Our book is key to unlocking and demystifying the world of financial deriv atives," said Feidhlim Boyle, who will start work on Wall Street again in August. "It‘s a Derivatives for Dummies â€" without the yellow and black cover." local and worldwide accomâ€" plishments. _ 0 0 Inspired by Ontario‘s landscape, native _ trees, shrubs _ and _ wildflowers occupy the grounds surâ€" rounding the plaza, as does a naturally occurring tall grass meadow. East of the plaza, there will be white pines and north of these, a mature bur oak whose canopy spreads out near the plaza. Symbolic of strength, the estimated 80â€" to 100â€"yearâ€"old Bur Oak is a natural reminder of Rotary‘s positive influence and continued longevity. According to MacLeod, the idea for the Peace Park came about when represenâ€" tatives _ of _ Kitchenerâ€" Waterloo‘s five Rotary clubs (Kitchener, Kitchenerâ€" Conestaga, Kitchenerâ€" Grand â€" River, Kitchenerâ€" Westmount, and Waterloo} joined forces to create a livâ€" ing _ artifact â€" celebrating Rotary‘s upcoming 100th anniversary in 2005. Many events are being planned for the centennial, including a gala on Feb. 23, 2005. The basic elements of the park will be complete â€" this September, while compleâ€" tion of the monument and panels is scheduled for 2005. Rotary International Peace Parks currently exist in the United States, Japan and Australia. ance and usefulness" "This park demonstrates the fundamentals of Rotary," he says. "The Rotary clubs of Kâ€"W hope residents and visâ€" itors will use and appreciate the park. We also hope peoâ€" ple will continue to respect the work of Rotary." For more information about the Rotary International Peace Park or any other aspect of RIM Park, visit www.city.waterâ€" loo.on.ca/rimpark and watch for _ biâ€"weekly updates in the Waterloo Chronicle. Eâ€"mail questions and comments to rimâ€" park@city.waterloo.on.ca. Workmen lay bricks at the Rotary international Peace Park at RIM Park in Waterloo