INDEPENDENT SINCE 1880
The Corne¬ Daily Sun Vol. 138, No. 39
TUESDAY, NOVEMBER 30, 2021
n
ITHACA, NEW YORK
8 Pages – Free
News
Arts
Science
Weather
Black history
Sleep
Decarbonization
Scattered Showers
Prof. Derrick Spires will discuss Black intellectual history in a webinar on Wednesday.
Dylan McIntyre ’24 explores our perceptions of sleep in college and wider society.
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The City of Ithaca has partnered with a climate start-up and Cornellians to decarbonize all 6,000 of its buildings. | Page 8
HIGH: 46º LOW: 34º
Biden Nominates Cornell Law Professor to Oversee Big Banks
Winter wonderland
Several lawmakers oppose Prof. Omarova’s nomination By SURITA BASU
(D-Va.) and Kyrsten Sinema claim, saying that she supports (D-Ariz.), who expressed their free-market capitalism but also opposition in a phone call to wants to prevent big banks from Prof. Saule Omarova, law, Senate Banking Committee reaping all of the rewards from was nominated on Nov. 2 by the Chairman Sherrod Brown government bailouts. “I want to protect the Biden Administration to head (D-Ohio), along with Senators the Office of the Comptroller of John Hickenlooper the Currency. However, several (D-Col.) and Mark “The White House continues to lawmakers remain opposed to Kelly (D-Ariz.). strongly support her In particular, her nomination. have The Office of the Comptroller Republicans historic nomination.” of the Currency is an independent taken issue with bureau of the U.S. Department Omarova’s upbringing White House official of the Treasury and regulates in the former USSR assets held by large national and a proposal she banks. The Biden administration wrote for the Federal Reserve to American taxpayer, basically, announced their intent to nom- start providing loans to consum- from holding the bag,” Omarova inate Omarova in September ers, which would take business told the Wall Street Journal. Senator Brown also stood by which was quickly met by oppo- away from private banks. Tester sition from Republican lawmak- and Warner also both raised con- the nomination and reporteders who attacked both Omarova’s cerns about Omorova’s oppo- ly described Republican attacks against Omarova as background and aca“McCarthyism.” demic work. Despite the oppoOmarova has “I don’t think I’ve ever seen a more radical sition, the Biden been openly critichoice for any regulatory spot in our administration has cal of Wall Street, federal government.” stood by their choice arguing that the of Omarova. A White current financial Sen. Pat Toomey House official reportsystem allows big edly told Axios that banks to engage in unnecessary risk, citing specu- sition to the 2018 Economic “The White House continues lation that occurred during the Growth, Regulatory Relief and to strongly support her historic 2008 financial crisis. Omarova Consumer Protection Act, which nomination.” has expressed her goal to make she opposed due to the fact that banking “more inclusive” for it eased financial sector regula- Surita Basu can be reached at everyday Americans and has tions that were put in place by sbasu@cornellsun.com. also advocated for guaranteeing the 2010 Dodd-Frank Act after a fair and competitive market the financial crisis. Speaking on the Senate where small and midsize banks Floor on Oct. 6, after Biden expressed his “I want to protect the intent to nominate Omarova, Sen. Pat American taxpayer, Toomey (R-Pa.) basically, from holding accused Omarova of opposing the bag.” free-market capiProf. Saule Omarova talism, and said “I don’t think I’ve ever seen a more radical choice for any regulatory can thrive. Axios reported on Nov. 25 spot in our federal governthat five Democratic senators ment”. In an interview have told the White House they won’t support the nomination. with the Wall Those senators include Sens. Jon Street Journal, Tester (D-Mont.) Mark Warner Omarova refuted this Sun Assistant News Editor
ASHLEY RAMYNKE / SUN STAFF PHOTOGRAPHER
Fall is quickly turning into winter on Cornell’s campus with the first snow of the season dusting the buildings and trees on the Arts Quad.
Students Advocate for Veteran’s Day Holiday Undergraduate veterans, student representatives support proposed resolution for university holiday By RORY CONFINO-PINZON
ticipate in events on Veterans day as opposed to after,” said Roland Molina ’22, president On Nov. 11,Veteran’s Day of the Cornell Undergraduate is celebrated across the coun- Veterans Association and try every year with many U.S. co-sponsor of a resolution first government agencies and busi- introduced in the Graduate and nesses closing and many cities Professional student assembly to hosting parades across the coun- officially make Veterans Day a try. However, Cornell students, University holiday. This year, staff and facCornell events ulty will still Veterans be expected “I would like to actually for day included a to come to participate in events walking tour of their classes on Veterans Day as Cornell’s varand jobs. For ious Veteran many, this opposed to after.” Memorials either means Roland Molina ’22 across the cammissing out pus and a speech on on-campus by Brigadier celebrations or making arrangements for their General Joseph Bieler, who spoke on the military’s role in other responsibilities. While some Cornell stu- supporting states during crident representatives and under- ses, including the 9/11 attacks graduate veterans are trying to and the COVID-19 pandemic. make next year’s Veterans Day However, without a day off, a University holiday, not all many undergraduate veterans, members of Cornell’s veterans including Molina, were not able community see it as necessary. “I would like to actually parSee VETERANS page 3 Sun Contributor
SARABETH MANEY / THE NEW YORK TIMES
Senate hearing | Prof. Saule Omarova, law, testifies before the Senate Banking Committee on Nov. 8.