INDEPENDENT SINCE 1880
The Corne¬ Daily Sun Vol. 130, No. 49
TUESDAY, NOVEMBER 5, 2013
!
ITHACA, NEW YORK
16 Pages – Free
N.Y.Senator Endorses Clinton for 2016 Race Schumer declares support in Iowa By ALEX REHBERG Sun Multimedia Editor
RILEY YUAN / SUN STAFF PHOTOGRAPHER
Its business time | Several small business owners in Collegetown have come together to create a Small Business Alliance.
Local Business Owners Join Forces to Create Coalition By SARAH CUTLER Sun Senior Writer
Small businesses have it hard in Collegetown: with students gone several months of the year, businesses must meet their year-round operating costs in nine months of business. They also face high rents and what some business owners perceive as a lack of awareness among Cornell students and Ithaca residents of what Collegetown has to offer. To help each other survive in such a tough business environment, the owners of three Collegetown businesses have come together to form the Small
Business Alliance, a coalition they hope will grow to include all the businesses in Collegetown. Members of the Alliance want to attract more customers to businesses in Collegetown — in turn attracting more businesses to the area — by holding events to show students and Ithacans what is available. The Alliance will also be a way for owners to give each other informal business tips, its members say. Though the Alliance is still in its early stages, its members have been considering several ideas for See COLLEGETOWN page 4
Reporter Reflects on Social Media opportunity to develop a personal relationship with Boehner. “That’s the way to do things in Washington, Every morning at 6:30 a.m., Robert Costa, especially in the Republican Party. They’re so wary of the press, so wary of National Review’s Washington foreign relationships, that you editor and a CNBC political analyst, heads to Pete’s Diner. “You have to form the really have to go out of your way,” Costa said. “You can’t go The breakfast at Pete’s isn’t the personal bond.” through the press secretary. attraction — rather, it’s the Robert Costa You have to form the personal fact that Rep. John Boehner bond.” (R-Ohio), Speaker of the Costa, who New York House of Representatives, can Magazine recently dubbed the “golden boy of the be found eating there alone by the counter. Speaking at Cornell Monday, Costa said becoming a regular at the diner gave him the See COSTA page 5
with Clinton. He served alongside Clinton when they were New York State Senators from 2000 to 2009 and has also developed a friendship with her, according to the Washington Post. Schumer is currently the third-ranking Senate Democrat and one of the first currently-serving senators to officially and publicly
Speaking Saturday in the state often described as the first political battleground for the presidential nomination, Sen. Chuck Schumer (D-N.Y.) announced his support for Hillary Clinton former secretary of state. Schumer’s statement — which was “Run, Hillary, made at the Iowa Democratic Party’s run. ... If you annual Jefferson run, you’ll Jackson Dinner — comes well before win, and Clinton has conwe’ll win.” firmed whether she will even run for president. It also pre- Sen. Chuck Schumer cedes the January 2016 caucus and first primary announce his support for votes in Iowa and New Clinton in 2016. “I am urging Hillary Hampshire by 26 months. Still, Schumer was not shy Clinton to run for president, and when she does, she will about backing Clinton. “Run, Hillary, run.” have my full and unwavering Schumer said. “If you run, support,” Schumer said during a keynote address at the dinner. you’ll win, and we’ll win.” Schumer went on to call on “With a strong platform and Clinton to “vanquish” the Tea with Hillary leading the charge, Party and win the presidency we will ... create a generation of for the Democratic Party and Democrats who will make sure the middle class gets what it middle class Americans. Schumer has both personal and professional relationships See CLINTON page 5
MICHELLE FELDMAN / SUN STAFF PHOTOGRAPHER
By ALEXA DAVIS
Sun Senior Writer
Tweet it out | Robert Costa, the National Review’s Washington editor, speaks in Rockefeller Hall Monday on his work as a reporter during the government shutdown.
Cornell Law Prof Works to Create‘Occupy Card’ With Minimal Fees By HELEN DONNELLY Sun Staff Writer
A debit card that does not charge overdraft, transaction or card maintenance fees may sound like a dream to cash-strapped college students everywhere. Prof. Robert Hockett, law, is looking to make that fantasy a reality. Along with a former bank
director and a former British diplomat, Hockett is working to create Occupy Card, a prepaid debit card that he believes could make the banking system more ethical. The card — which will have no upfront cost but will include fees for A.T.M. withdrawals — will be launched if Hockett and his cofounders can raise $900,000.
Occupy Card will revolutionize the way users bank, offering “lowcost, transparent, high-quality financial services to the 99 percent,” its founders say on its website. “The ideal banking system isn’t looking at its depositors as people to exploit or people to extract various benefits or advantages from, but rather is something that would
function as a cooperative arrangement among members who would own the bank in which they deposit their funds,” Hockett said. Hockett said that fees — which include charges for transactions, card maintenance, overdrafts and A.T.M. withdrawals — are a major source of profits for corporate banks. If Occupy Card ends up making a profit from the low fees
it charges to cover administrative costs, the profits will be redistributed among the members, according to Hockett. The Occupy Card is not just for supporters of the Occupy Movement, according to the Occupy Cooperative website. It is for “people who are unbanked, See CARD page 4