October 28, 2014

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THE INDEPENDENT STUDENT NEWSPAPER OF THE UNIVERSITY OF PENNSYLVANIA | TUESDAY OCTOBER 28, 2014

INSIDE NEWS EARLY DECISION PREVIEW

ESTHER YOON Staff Writer

With early decision applications due Nov. 1, what is Penn expecting?

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OPINION A MATTER OF DISCIPLINE Why the OSC’s failure to disclose disciplinary information is unacceptable PAGE 4

SPORTS 3 KEYS FOR FIELD HOCKEY We take a look at the trends that have defined Penn field hockey this year PAGE 9

NOT DWELLING ON YALE

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ONLINE UA RECAP Check out the latest updates from the UA’s meeting this past Sunday THEDP.COM

Students to carry mattresses in protest of sexual assault MICA TENENBAUM Contributing Writer

SOPHIA WITTE Staff Writer

As SEPTA union members could potentially go on strike starting next week, Penn has a plan to provide alternative

transportation options. Though SEPTA union members voted unanimously on Sunday in support of a strike, union leadership announced today that a strike does not seem imminent. “There will be no strike in the immediate future. I can’t promise anything beyond this week,” TWU Local 234 Union President Willie Brown said

during a press conference this afternoon. Brown said SEPTA will give the public 24 hours’ notice if a strike is called, although SEPTA spokesperson Jerri Williams told the Philadelphia Inquirer that “we would hope that our riders would get at least 48 hours’ notice so they can make alternative plans.” Penn has been prepared

for this possibility since it released a SEPTA Strike Contingency Plan in April, when SEPTA workers had previously threatened to strike. In collaboration with Drexel University, Penn Health System and the Children’s Hospital of Philadelphia, Penn Transit Services outlined a plan to offer a campus bus service and make parking areas available

to people who usually rely on SEPTA to get to work. For example, busses will pick morning commuters up in front of Fado Irish Pub at 15th and Locust streets and by the 69th Street Terminal. After work, busses will run from 33rd and Walnut streets back to the two locations. SEE SEPTA STRIKE PAGE 6

Endowment returns fail to outpace the pack KRISTEN GRABARZ Deputy News Editor

40

ENDOWMENT ACROSS THE IVIES

25 VE

35

15

RI

TAS

30 25 20

CORNELL

ONLINE AT THEDP.COM

BROWN

SOURCE: BUSINESS INSIDER

0

COLUMBIA

0

PENN

5

DARTMOUTH

10

PRINCETON

15

YALE

HARVARD

CORNELL

5

BROWN

10

VE

RI

TAS

HARVARD

20

COLUMBIA

SEE ENDOWMENT PAGE 6

RETURN % ACROSS THE IVIES

PENN

Penn’s endowment returns were just average compared to its peers during fiscal year 2014. Penn led the Ivy League in investment returns during fiscal year 2013, with returns of 14.4 percent. The rest of the Ivy League averaged returns around 12 percent that year. This year, Penn is keeping pace with peer institutions, ranking fourth in investment performance. Reporting returns of 17.5 percent for the year ending June 30, 2014, Penn still saw its endowment value climb to $9.6 billion, a record high for the University. Boasting returns of 20.2 per-

cent for the last fiscal year, Yale topped the Ivy League in investment performance, bringing its total endowment to $23.9 billion. Princeton University and Dartmouth College followed suit, reporting returns of 19.6 percent and 19.2 percent, respectively. Penn and its peers’ endowment growths are unsurprising, given the success of public equity demonstrated by Standard & Poor’s 500 Index’s 24.6 percent growth in the fiscal year ending on June 30. “We benefit from being able to take a time horizon longer than the vast majority of investors can,” Penn’s Chief Invest-

DARTMOUTH

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Busses will pick up commuters at 15th & Locust, 69th St. Station

PRINCETON

SEE MATTRESS PAGE 7

Penn prepped for potential SEPTA strike

YALE

Penn students are joining the ranks of the Columbia University-born movement to fight sexual assault by carrying mattresses on their backs. On Wednesday, Oct. 29, Penn will participate in “Carrying the Weight Together” National Day of Action. Students across the country will carry mattresses and pillows in protest of sexual assault and in support of Emma Sulkowicz, a junior at Columbia University. Sulkowicz made national headlines when she began carrying a mattress around campus in protest of Columbia’s handling of her sexual assault. Sulkowicz was allegedly raped by a fellow student in 2012 and filed a complaint with the University last year. After Columbia found her alleged rapist innocent, Sulkowicz set a protest through performance art in motion, which has become viral. Two months into her protest, student activists at Columbia have launched “Carrying the Weight Together” to spread awareness across the country by encouraging college campuses nationwide to follow in Sulkowicz’s footsteps. At Penn, students will demonstrate support for the cause on Wednesday by carrying around their own mattresses and pillows. As the demonstration’s title suggests, one of its central messages is that of collaboration — the difficult task of carrying a 50 pound mattress can be alleviated if others help carry it, just as solidarity can fuel progression in fighting rape culture.

OSCAR RUDENSTAM, EMILY CHENG/ DESIGN ASSISTANTS

SOURCE: 2014 CAREER PLANS SURVEY REPORT, 2013 CAREER PLANS SURVEY REPORT

ENDOWMENT (BILLION $)

FUNNY MONEY

Employment numbers rose by 6.2 percent for alumni of Penn’s most recent graduating class, compared to the Class of 2013. Preliminary results from the Career Plans Survey Report, released annually by Career Services, revealed that around 73 percent of graduates obtained full-time employment, an increase from 66.8 percent full-time employed 2013 graduates. Director of Career Services Patricia Rose explained that the increase in full-time employment rates for graduates is because of a “stronger economy.” According to Rose, full-time employment has consistently risen since the Class of 2010. “It’s a good time to be graduating from Penn,” Rose said. “There are many studies out there that show how many recent college graduates are not able to find jobs. But that’s not true at Penn. Our students are sought after by employers across a wide range of fields.” Like in previous years, financial services and consulting continued to be the most popular industry choices among graduates, with 25 and 16 percent, respectively, going into the two fields. Wharton and Engineering sophomore Sangmin Oh, who returned after serving two years in the South Korean military, said he found the full-time employment rate to be “generally high.” “But I’m not surprised it’s high, since it’s Penn,” Oh said. “Given the level of professionalism we tend to display and the general career-oriented atmosphere, I’m not surprised at all.” Forty-eight percent of full-time employment respondents found their jobs through Career Services. Of these Career Services users, just more than half found their jobs through on-campus recruiting. For Engineering junior Aravind Rao, who plans to work full-time upon graduation, on-campus recruiting “is not something that has benefits as opposed to searching online.” “I feel like a lot of the tech companies that I apply to have search engines that are so good that there’s no real advantage in doing OCR,” he explained. “But for financial firms, OCR definitely helps because a lot of them are selective about who they take resumes from.” More than 80 percent of the Class of 2014 had responded to the survey by Oct. 23, but it does not officially close until November when the full report will be issued, according to Director of Career Services Patricia Rose. In addition to the undergraduate career plans survey, surveys for each of the undergraduate schools will be completed in December. Rose estimates that by the completion of the survey, there will be an 83 percent survey yield rate.

RETURN %

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GRAPHIC BY HAILEY EDELSTEIN

CONTACT US: 215-422-4646


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