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Wednesday April 5, 2017 vol. CXLI no. 36
{ www.dailyprincetonian.com } BEYOND THE BUBBLE
Tarullo delivers last address as Federal Reserve Governor By Jackson Caputo contributor
IMAGE BY JACKSON CAPUTO
Tarullo discusses work with stress tests during his time at the Federal Reserve
Rebecca Traister discusses book on the history of single women in the U.S. By Samuel Garfinkle Managing Editor
“There is a doctor who argues that women’s ovaries, and their teeth and skin, will dry out if their ovaries are not regularly bathed in male semen,” Rebecca Traister said in the face of nervous chuckles from the audience. She let slip that this was only a joke, and the crowd howled with laughter. Traister, a writer for New York Magazine, was invited to discuss the theme of her most recently released book. Published in 2016, All the Single Ladies discusses the history of single, unmarried women in the United States from its inception to the modern day. She began by discussing
the motivation for the piece, saying that she expected much of early history to be the literal burning of witches at the stake. The most noticeable statistic, however, appeared in the last 20 years. “The median age of first marriage for women f luctuated only between 20 and 22, and that is true through 1980 … In 1990, that age jumped to 23.9, and by 2010, it was over 27 nationally,” Traister exclaimed. Traister said her own marriage experience motivated the piece. She said she noticed that despite the age shift, marriage had remained the defining cultural transition to adulthood for women throughout the country. Starting in the days of colonial rule, Traister exSee TRAISTER page 2
U . A F FA I R S
Hidden Minority Council launches “FLI is Fly” week By Audrey Spensley Contributor
From April 3 to April 7, the Princeton Hidden Minority Council (PHMC) is holding a “FLI [first-generation low-income] is Fly” week to raise campus awareness about the specific experiences and challenges low-income and first-generation students face. “With this week, we really wanted to bring visibility to FLI students and get everyone to know what FLI is,” Council Co-Chair My Bui ‘18 said. “We wanted to start conversations about socioeconomic class on campus, because it’s a topic that often is stigmatized.” PHMC, founded in 2013, is an umbrella group consisting of students
from the Princeton Gates-Millenium Scholars, Princeton LEDA Scholars, and Princeton University Quest Scholars Network. The group’s mission is “to advocate for the first-generation and low income voices that aren’t being heard [on campus],” as stated on its webpage. The Council began the week of informational events with an ice cream social on Monday, April 3. “It was really an open house to start off the week by letting students know more about what [the Hidden Minority Council] does,” intersectionality chair Mark Smith ‘20 said. “It was very open, with a lot of conversations and discussions.” On, Tuesday, April 4, the group held a Resource Fair on the Frist See PHMC page 2
See TARULLO page 5
ON CAMPUS
IMAGE BY SAMUEL OH
Buoncore stressed the importance of Animal Equality’s message to the U. community
Princeton Animal Welfare Society surveys students for views on meat agriculture By Samuel Oh staff writer
The international organization Animal Equality began a three-day survey of the University student community’s eating habits on Monday outside the Frist Campus Center. Invited by the Princeton Animal Welfare Society (PAWS), Animal Equality investigated University students’ responses to international meat agriculture based on different modes of presentation. The Animal Equality booth outside Frist was manned by Emily Young and Sofia Otfinoski, staff members of Animal Equality, as well as Courtney Buoncore ’18, a member of PAWS. “What we are doing is conducting a study to measure people’s eating habits and food choices and also gauge how different kinds of outreach impacts people differ-
ently.” Young said. “So, we are doing a regular written survey, we are also showing a two-dimensional video some days, and on other days we are doing a virtual reality experience.” Young added that these techniques are being used to measure how people respond to eating animals. “This is not a general outreach, as we would normally do.” Otfinoski noted. “Our goals for this is to collect as much data as we can about how people’s behavior changes based on what intervention they received.” She added that their hypothesis is essentially that people are most impacted by virtual reality versus 2D or non-intervention and therefore will more likely make changes to their lifestyle when exposed to the virtual reality experience. Both Young and Otfinoski noted the hospitality and receptiveness of the University
In Opinion
Today on Campus
Senior Columnist Jacquelyn Thorbjornson responds to Ryan Chavez and Contributing Columnist Jan Domingo Alsina calls for revisions to the Honor Code. PAGE 4
7:30 p.m.: David Sedaris the “rock star of writers” performs at McCarter Theatre. Sponsored by the LGBT Center and McCarter Theatre.
community to both the survey and the organization’s message. “It’s been going very well.” Otfinoski said. “People at Princeton have been very friendly and had some really good questions for us.” She added that some people have been very shocked by the content of the video that was shown, but she noted that it is very representative of what happens to 99 percent of all meat farmed for food in America. “I would say I haven’t had anyone say ‘that’s it, I’m going vegan today’,” Young added, “but people are quite receptive and I think we are making an impact, even if people aren’t expressing that.” Buoncore stressed the importance of Animal Equality’s message to the University community both inside and outside the orange bubble. See ANIMAL page 3
WEATHER
ON CAMPUS
Top financial regulator Daniel Tarullo gave his last speech as a member of the Board of Governors of the Federal Reserve yesterday at the University. In his talk, Tarullo expressed his support for the Dodd-Frank Wall Street Reform and Consumer Protection Act and spoke out against financial deregulation. Tarullo joined the Federal Reserve in 2009 at the height of the financial crisis. From that time until announcing his resignation in February 2017, the once-failing banks and Wall Street institutions have recovered and seen profits in the financial world. Indeed, Tarullo’s time at the Fed has seen the highs and lows of the business cycle. His stepping down, many speculate, opens up the Board to greater influence from the new administration. His stepping down comes four years before
his term was set to end and his resignation letter gave no reason. “I think that [Tarullo] has been an excellent governor,” economics professor Elizabeth Bogan wrote in an email when asked about Tarullo’s tenure at the Fed. Tarullo is best known for his work with stress tests, a tool utilized by the Federal Reserve to ensure stability of major banks. These tests regulate capital while making other banking requirements more effective. The tests aim to force banks to remain solvent and to retain the ability to work as intermediaries in markets. Stress tests involve putting banks in hypothetical situations that assess whether a bank can take a certain level of loss and still remain able to lend and engage in typical banking affairs – most importantly if the bank can still lend. When the first stress test was conducted in 2009, banks
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