The Daily Princetonian: February 21, 2020

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Friday February 21, 2020 vol. CXLIV no. 15

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U . A F FA I R S

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Twenty-eight run for Young Alum Trustee By Zachary Shevin Head News Editor

JON ORT / THE DAILY PRINCETONIAN

Nassau Hall aglow at dusk. STUDENT LIFE

Twenty-eight current seniors are vying to serve on the University’s Board of Trustees. The Young Alumni Trustee (YAT) retains the same rights, powers, and duties as all other University trustees, according to the University website. Each spring, a member of the graduating senior class is elected to the position on a four-year term. Currently, Sarah Varghese ’19, Myesha Jemison ’18, Achille Tenkiang ’17, and Azza Cohen ’16 serve in the position, with Cohen’s term expiring this year. The position was created in 1969. According to Deputy University Spokesperson Michael Hotchkiss, the average number of candidates since YAT began keeping statistics is 25. Last year, 30 students ran for the position, which Varghese eventually attained. The 28 seniors running are, in alphabetical order, Chelsie Alexandre, Jackson Artis, Grace Baylis, Sarah Deneher, Erin Endres, Jus-

ton Forte, Alaa Ghoneim, Erin Gray, Sirad Hassan, Jonathan Haynes, Taylor Jean-Jacques, Manasseh James Matossian, Jamie Mercurio, Ben Musoke-Lubega, Danielle Newton, Olivia Ott, Henry Parkhurst, June Philippe, Nathan Poland, Ben Press, Adhitya Raghavan, Rohan Shah, Ayushi Sinha, Meghan Slattery, Bobo Stankovikj, Mayisha Sultana, Katya Vera, and Zarnab Virk. Online voting for the primary election, in which only members of the class of 2020 may vote, will take place from Feb. 25 to March 5. Three finalists will advance to the general election, beginning in late April. Members of the classes of 2018, 2019, 2020, and 2021 will be eligible to vote in the general election. Alexandre, a politics concentrator, is a member of the BodyHype Dance Company and Triple 8 Dance Company and has been involved on campus in the Asian American Students Association and Princeton for North Korean Human Rights. As a YAT, she believes she would be able to bring a diverse set See TRUSTEE page 2

U . A F FA I R S

International students relieved as court enjoins Trump immigration policy Staff Writer

On Feb. 6, a federal court struck down a 2018 Trump administration immigration policy that allowed officials to enforce the consequences of visa overstays without any prior warning. Several of the University’s international students spoke with The Daily Princetonian, expressing relief regarding the potential impacts on their immigration status after the decision. Instead of warning an individual who has overstayed a visa before enacting a punishment such as deportation or a bar on re-entry, as has been United States Citizenship And Immigration Services’ (USCIS) procedure for years, this nowoverturned policy gave immigration officials the ability to execute immigration penalties without any prior notification to the offender. In a 26-page decision, U.S. District Court Judge Loretta Biggs for the Middle District Of North Carolina concluded that the policy was “both procedurally and substantively defective.” According to the opinion, the policy failed to properly implement a “notice and comment” process, as required by the Administrative Procedure Act (APA), and the policy in contention is therefore unlawful. The APA requires that a “legislative rule,” which includes the USCIS policy in question, must publish a “general notice of proposed rule making” in the Federal Register, “give interested persons an opportunity to participate in the rule making through submission of written data, views, or arguments,” and include “a concise general statement of its basis and purpose” with final version of the rule

In Opinion

when it becomes law. Going even further, Biggs’s decision outlines a direct conflict between the policy directive and the 1965 Immigration and Nationality Act. In the end, the opinion calls into question the legality of the policy change and brings up questions of executive versus legislative jurisdiction. At the heart of this legal challenge was the issue of international students at American universities. Some universities worried that students could inadvertently overstay visas during the summer or after graduation. Indeed, it was a conglomerate of universities and educational institutions, including Pennsylvania’s Haverford College and North Carolina’s Guilford College, that filed the case against the administration. During the proceedings, the University signed an amicus curiae brief alongside 65 other U.S colleges and universities. Among other things, the brief asserted that “rules changes such as this make the United States a less welcoming place for international study and have a demonstrable impact on international interest in American higher education. Consequently, the new rule will be detrimental to both our institutions and the larger American economy.” Several international students at the University who spoke with the ‘Prince’ reacted with relief, even though many were unaware of the 2018 policy until now. “The court decision makes me feel more at ease,” said Tiffany Agyarko ’23, a student from Ghana. “I would have been extremely horrified if, after the amazing year I’ve spent here, I was not allowed to come back.” Nigerian student Blessing See LAWSUIT page 2

Columnist Arman Badrei defends those who wear glasses for the aesthetics, columnist Claire Wayner affirms bats’ ecological importance, and Victoria Higgins ’16 argues that by pursuing corporate careers that intersect with the fossil fuel industry, Princeton students contribute to the climate crisis.

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BEN BALL / THE DAILY PRINCETONIAN

22 Chambers Street, where PRINCO is located.

U. holds $30M in Uber, $13M in aerospace company per recent SEC filing By Zachary Shevin Head News Editor

A recently released quarterly holdings report, which accounts for just under half a percentage of the University’s $26.1B endowment, reveals University investments in seven companies, including the rideshare app Uber, aerospace component manufacturer TransDigm, and plantbased meat substitute producer Beyond Meat. The Princeton University Investment Company (PRINCO) filed its holdings with the U.S. Securities and Exchange Commission (SEC) on Feb. 11. The filing listed around $127.6M in University holdings, which comprise about 0.49 percent of the total endowment. Quarterly filings back to 2018 are available online. The most recent filing showed more stock value than the four reports filed in 2019, each of which listed under $80M in University holdings. In the most recent filing, shares in the D.C.-based real estate firm JBG Smith comprise the largest portion. According to the report, the University holds

1,759,817 shares of JBG SMITH. Past filings show the University holding the same number of JBG SMITH shares since May 2018. The shares have increased in value by $10.9M in the last 21 months, rising from $59.3M to $70.2M. According to JBG SMITH’s website, the University is the 17th largest investor in the company, behind BlackRock Inc., Vanguard Group Inc., JP Morgan Asset Management, and various other investment firms. PRINCO is also not the only Ivy League university fund invested in JBG SMITH, as Yale University Investments possesses over $24M worth of the company’s stock. Uber represents the University’s second largest listed investment, with over 1M shares amounting to $32,419,000. Uber’s stock price has risen over 30 percent since the start of the year. Number three on the list is aerospace company TransDigm, of which the University possesses over $13M in shares. The Cleveland-based business produces various pumps, valves, motors, actuators, batteries, audio systems, and safety restraints for

Today on Campus 8:00 p.m.: University Organist Eric Plutz will perform selected preludes and fugues, in keys from “A” to “G”. Free and open to all! Princeton University Chapel

commercial and military aircraft. TransDigm contracts with the U.S. Department of Defense. The University also possesses around $6.4M of stock the Utahbased consulting and training company Franklin Covey, around $2.8M of stock in the cancer research company Forty Seven, and around $1.6M of stock in the genetic medicines company Audentes Therapeutics. Ten thousand shares, worth $821,000, comprise the University’s investment in in Beyond Meat. Beyond Meat’s stock has risen over 68 percent since the start of the year, and Campus Dining began serving Beyond Burgers in the Frist Gallery last semester. The SEC requires investment managers with more than $100 million of assets, such as PRINCO, to disclose securities holdings annually. Though managers are not required to report mutual fund holdings, they must include exchange-traded funds. Both Deputy University Spokesperson Michael Hotchkiss and PRINCO President Andrew Golden declined to comment.

WEATHER

By Omar Farah

HIGH

38˚

LOW

22˚

Sunny chance of rain:

0 percent


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