HEIGHTS
THE
The Independent Student Newspaper of Boston College
EST. 1919
WWW.BCHEIGHTS.COM
MONDAY, SEPTEMBER 25, 2017
CHICAGO PREVIEW
THINGS FALL APART
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SPORTS
‘The Heights’ discusses how the theatre dept. is preparing for this fall’s mainstage performance.
BC had a chance to pull of one of the biggest upsets in program history. Then the fourth quarter hit.
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Union to Form, Elect Bargaining Committee It will then survey grad student employees to outline their priorities. BY CONNOR MURPHY News Editor After its successful vote to establish collective bargaining rights with the University, the Boston College Graduate Employees Union’s next step is to elect a bargaining committee, which they hope to do this fall, according to a union representative. Graduate student employees still need to determine the structure and size of the committee, particularly how many representatives will come from each school. Columbia University’s graduate employee union, for example, has a 10-person committee representing many academic disciplines. If the union decides that one worker will represent each school on the committee, there could be elections within schools. After the bargaining committee is selected, the union will send out bargaining surveys for graduate student workers to
outline some of their priorities and help the bargaining committee determine what the union wants to see from negotiations with BC. Once they get the surveys, the committee will develop additional bargaining goals, which graduate student employees will also vote to approve, the representative said. Once a tentative agreement is reached between the union and the University, the agreement goes out to union members to be ratified. There were 778 eligible voters in the election, all of which are now in the union. All votes in this process are decided by simple majority rule. Collective bargaining does not include graduate students in the theology department or the School of Theology and Ministry. The closeness of the successful collective bargaining vote, which passed 270-224, appeared to be unexpected by some, including Victoria Gabriele, a second-year Ph.D. student in physics, who said on Sept. 13, the night the votes were counted, that the margin was a surprise. In the lead-up to the election, several of
CELINE LIM / HEIGHTS STAFF
Can’t Go Wrong With Stokes Set Nico & Vinz amped up the crowd and livened up center campus over the weekend during the second annual Stokes Set, B7.
BC’s Endowment May Be Looking Up
See Union, A3
Strong returns at other schools could bode well for BC. BY COLE DADY Heights Staff
MADELEINE D’ANGELO / HEIGHTS EDITOR
Galit’s Brings Treats and Love to Newton Grutman opened the bakery after her son died in 2014. MADELEINE D’ANGELO Metro Editor Galit Grutman has been up since 5 a.m., but you’d never be able to tell. Her long chocolate-colored hair is pulled into a neat, low ponytail, and her apron is free of the stains or smears that plague many who spend their days in the kitchen. Her eyes are soft, but they still sparkle as she quietly moves between the front of the shop and the kitchen in the back. As customers wander in, picking up a loaf of challah bread or a selection of pastries from a shelf on the left, Grutman greets them warmly, switching from English to her native Hebrew with ease. She is completely at home in her Newton Centre bakery, something somewhat shocking considering that Galit’s Treats With Love only been open for four weeks. Pedestrians who regularly passed the storefront, once home to candy shop Sweet Tart, watched the space transform from an area papered over and hidden from view, to a cozy looking café within
INSIDE THIS ISSUE
the span of six months. So when Grutman opened the bakery in mid-August, quietly and without much fanfare, people were curious, knocking on the bakery’s glass door and making sure that they were allowed inside. Since then, word of Galit’s Treats With Love has spread through word of mouth, through the Newton community, and through the vibrant Israeli community threaded throughout the Boston area. These communities have grown in importance for Grutman since she moved from Israel to Newton with her husband and two young sons 18 years ago. As the family adjusted to their new lives, Grutman becoming immersed in the community of a local Jewish school, she couldn’t help but notice the pale comparison between the pastries and breads that she and her family had grown up with, and the ones available in the Newton area. “When we came here we didn’t like the pastry and the breads,” Grutman said. “It was different … it was a different texture, different tastes, different looks.” The challah bread, for example, became more of a cake that was “too squishy, too eggy, and too yellowish,” and
See Galit’s, A10
While Boston College’s endowment returns will be released Oct. 1, several other universities have already released theirs for fiscal year 2017, including Harvard University, the Massachusetts Institute of Technology (MIT), and the University of Virginia. BC had a 7.5 percent return on its endowment in fiscal 2015, but in fiscal 2016, its returns were negative 4.3 percent. The University’s net assets decreased by $67 million. Gross plant assets increased in excess of $186 million with the construction of the 2150 Comm. Ave, the renovation of 2000 Comm. Ave, and the renovation of the McMullen Museum of Art. Revenue grew at 4 percent, and financial aid funds increased by 5 percent. All told, BC’s endowment fund decreased by $150 million to $2.2 billion. Endowment net returns for colleges and universities dropped by 1.9 percent in 2016. This statistic is much lower than the 7.4 percent median annual return
2017. Harvard’s endowment, the largest of any university in the world, now stands at $37.1 billion. MIT returned 14.3 percent on its investments for 2017. Its endowment at the end of the fiscal year was $14.8 billion, excluding pledges. MIT received a 0.8 percent return on investment in fiscal 2016, with an endowment of $13.2 billion. The University of California received a 15.1 percent return on its investments, topping its benchmark of 12.2 percent. Dartmouth College had a 14.6 percent return. The University of Virginia had a 12.4 percent return. Many other universities had doubledigit returns for fiscal year 2017. Ohio State University had a 14.46 percent return, the University of Iowa had a net 10.3 percent return, and the University of Texas had a 13.4 percent return. In 2015, BC implemented a performance-based compensation plan for its investment office, a method of compensation many other large universities use. Chief Investment Officer John Zona received a $1.1 million pay package in 2015, which included a $550,00 salary, a $266,200 bonus, and $242,700 in deferred compensation. His pay package was doubled from the previous year.
Student Center Still Planned, Admin Says The space was not in the new 10-year plan released last month. BY HEIDI DONG Asst. News Editor Late last month, Boston College released its new 10-year plan, Ever to Excel: Advancing Boston College’s Mission, which outlines four strategic directions for the University to pursue and has as its most ambitious plan an Institute for Integrated Sciences and Society (IISS). But the plan lacked something that BC has wanted for years now: a student center. Last year, the Undergraduate Government of
NEWS: Improving Transparency METRO: Feel the Peace
UGBC passed a resolution increasing communication with students...........A3
endowments need to maintain their purchasing power over time. Universities with endowment assets of over $1 billion funded an average of 15.9 percent of their operating budgets from their returns. The drop in the value of university endowments can be contributed to a period in which colleges increased spending, chipping away at the endowment. “In spite of lower returns, colleges and universities continue to raise their endowment spending dollars to fund student financial aid, research, and other vital programs,” John Walda, president and CEO of the National Association of College and University Business Officers, said to 247wallst.com. Harvard University had a negative 2 percent return on its endowment in 2016. Robert Ettl, the former head of the Harvard Management Company (HMC), a subsidiary of the university which manages its investments, said the poor performance had been triggered by low interest rates and market volatility. HMC returned 8.1 percent on its investments in fiscal year 2017. HMC’s CEO H.P. Narvekar described the returns for fiscal year 2017 as “disappointing,” as Harvard has one of the lowest returns out of the institutional investors who have released their returns for fiscal year
Bostonians attempted the world record for the largest human peace sign..................... A4
BC advocated that the construction of a student center be a top priority in the new strategic plan, but when it was left out, some students wondered why. According to BC administrators, though, a student center is still very much part of BC’s plan. “It’s not unusual for a strategic plan not to name specific buildings when they’re doing it,” Vice President for Student Affairs Barb Jones said. Jones explained that the previous strategic plan also did not name a student center building—rather, the plan outlined Student Formation as one of its primary tenets, and named a student center, new residence halls, and a new recreation center in the capital plan, which came separately,
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in 2008. According to Jones, after the strategic plan is approved, there is a process to look at, based on what is outlined in the strategic plan, the capital projects that need to accompany it. “We’re not quite far along enough for the capital projects to come out of the plan yet,” Jones said. Mary Nardone, BC’s associate vice president of capital projects management, did not respond to multiple requests for comment. Vice President for Planning and Assessment Kelli Armstrong said she would not add to what Jones had already discussed. Many of the projects that were in
See Student Center, A3
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Vol. XCVIII, No. 30 METRO......................A4 SPORTS......................B1 © 2017, The Heights, Inc. OPINIONS................... A6 SCENE.......................B8 www.bcheights.com