June 03, 2010

The Chronicle T h e i n d e p e n d e n t d a i ly at D u k e U n i v e r s i t y

THURSDAY, JUNE 3, 2010

ONE HUNDRED AND SIXTH YEAR, Issue S3

www.dukechronicle.com

STRONGER THAN EVER

by Andy Moore THE CHRONICLE

BALTIMORE—Once again, it came down to the last series, the last shot, a game-winning goal.

Unlike Saturday, there was no game of cat-and-mouse, like when Ned Crotty stood dancing near the goal before finding senior Max Quinzani for the winning score. Instead, defenseman CJ Costabile cleanly won the faceoff to begin

the overtime period, barreled down the center of the field with the ball firmly tucked in the netting of his 6-foot stick, and, while never venturing past the vaguely recognizable center hashmarks of the painted-over football field, made it in front of goalie Scott Rodgers.

Stick up. Shot good.

Bedlam.

The longstick midfielder, who battled ankle injuries during the regular

season and was scoreless entering the NCAA Tournament, had scored on one of the biggest, baddest goalies in the sport. “Everyone thinks about that shot [as a kid],” Costabile said.

“To actually have it come through, it’s fairy-tale stuff.” It was only fitting that a shot worthy of myth would cap off one of the most dramatic five-year stretches for any sports team in history.

First came the canceled season and

the questions about the program’s future. Then, the heartbreaking loss in the national title game to Johns Hopkins in 2007, and two more missed chances at the title in the Final Four. And, through it all, the looming specter of the 2006 scandal.

But Monday at Baltimore’s M&T Stadium, there was redemption—Duke See m. lacrosse on page 10

Outlook positive for private Perwich resigns donations as fiscal year ends as Robertson

by Maggie Love THE CHRONICLE

As the University brings in more private donations this fiscal year than last, officials are still cautiously hopeful and planning another University-wide fundraising campaign.

As of May 29, the Annual Fund and the University as a whole have received 10 percent increases in private donations from a year ago, said William Conescu, executive director of alumni and development communications. Reunion givings are up 18 percent so far this fiscal year, said Hank Woods, assistant vice president for the Annual Fund.

This year’s increase in donations marks a turnaround from the decline in private support in fiscal year 20082009, when private giving dropped to $301.6 million from the record-high $385.7 million received the previous year, Vice President for University Development Robert Shepard said. Reunion givings fell 15 percent in fiscal year 2008-2009 from the year before, and the University’s overall private donations weathered a 23 percent drop as of mid-April last year.

Check Sports for more coverage of the lacrosse championship, Page 9

program director

“It was difficult last year with the downturn and the fact that there were some major pledges and gifts the year before that wouldn’t be renewed,” Shepard said.

Although the Office of University Development, which organizes University-wide fundraising, has begun planning its next fundraising initiative, its launch date is yet to be determined.

“No formal decisions have been made, but we’re looking forward and obviously waiting, to some extent, for the recovery of the economy to launch the next fundraising initiative,” Shepard said.

Conescu declined to specify in what form the fundraising initiative might take shape. In the last two years, the University has organized a Phonathon, raising more than $400,000 each year.

The number of donors so far this fiscal year, approximately 90,000 corporations, foundations and individuals, is consistent with last year’s data, Conescu wrote in an e-mail.

Just months after becoming executive director of the Robertson Scholars Program, Alex Perwich has resigned his post.

Perwich officially left his position as the head of the 10-year-old merit scholarship program June 1. He originally took on the position Feb. 15.

The Robertson program grants scholarships to 36 incoming freshmen—18 at both Duke and the University of North Carolina at Chapel Hill—covering tuition, room, Alex Perwich board, summer stipends and other fees.

Perwich would not address the details of his leave, but said he is relocating to Atlanta, Ga. to address personal matters.

See donations on page 6

See perwich on page 4

by Matthew Chase THE CHRONICLE

ONTHERECORD

“...I have to admit I have to figure out a way to get my college football fix on Saturdays during the fall.”

­— Professor Tod Laursen on life in Abu Dhabi, See Q&A page 5

Healthy Choice The University attempts to curb increasing costs of employee health benefits, PAGE 3

2 | THURSDAY, JUNE 3, 2010 the chronicle

Meet the President A photo essay by Christina Pena

At the invitation of President Barack Obama, the Duke men’s basketball team traveled to the White House in Washington, D.C. May 27. During the Rose Garden ceremony honoring the 2010 NCAA national champions, the president congratulated the team and exchanged lighthearted remarks with head coach Mike Krzyzewski. The president was also presented with a block of wood engraved with the 2010 NCAA bracket and a Duke jersey bearing his name and the number 1. For more on the ceremony, check out the full story on page 10.

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the chronicle

THURSDAY, JUNE 3, 2010 | 3

Fin. aid problems University looks to trim costs undermine online of employee health benefits course enrollment in fiscal year 2009-2010. He said a higher number of employees in the University and Duke University Health SysWith increasing costs in employee benefits for fiscal tem combined with rising costs in health care contracts year 2010-2011, Duke will consider changes to its health and prescription drugs increased expenses. care package within the next two years, University admin“A big driver last year was in our health care plans, istrators said Thursday. which now cost for this year approximately $145 million,” Executive Vice President Tallman Trask said Duke’s Cavanaugh said. “Twenty-five percent of that is in precurrent health care model is unsustainable and will likely scription costs. There was an 18 percent increase in preundergo significant changes in the near future. The bud- scription costs just last year because more medications get for next fiscal year projects a 14 percent increase in [and] more costly medications were utilized.” employee benefit expenses, Vice President for Filargely resulting from rising nance Hof Milam said the “Up until now we’ve tried really, University is primarily conhealth care costs.

Although administrators cerned with keeping the really hard to protect employee have not yet decided how to cost of health care affordmanage benefit costs, Trask benefits. We cannot continue to able without compromising said possibilities include quality. have that kind of increase.” restructuring salaries, rais“It is certainly not susing co-payments, reducing — Tallman Trask, tainable at the current rate insurance benefits and reof increase,” Milam said. executive vice president “And as far as what we’ll structuring Duke’s retirement contribution. do to deal with it, it just in“Up until now we’ve volves an analysis of tradetried really, really hard to protect employee benefits,” offs. There’s only so much we can sustain with compensaTrask said. “We cannot continue to have that kind of tion and benefits.... We have to decide how to strike that increase. We’re going to have to change the way we pay balance.” for [health care] because we don’t have enough money Although costs are rising, Cavanaugh said the Univerto move forward.” sity’s health care benefits are still “exceedingly competiBenefit costs encompass everything from health care tive” compared with similar organizations. and retirement to educational assistance and employee disTrask said Duke offers its health care and benefits packcounts. The total employee benefit package for Duke costs age at about 25 to 30 percent less than comparable instituapproximately $384 million, according to the University’s tions. He attributed lower costs to the University’s “history, 2008-2009 financial statements. About half of these expens- geography... brilliant management and a lot of luck.” es are federal and state taxes, and the other half largely reCavanaugh said last year the University hired an exsults from health care and retirement costs, Trask said. ternal consultant to compare Duke’s health plans with Vice President for Human Resources Kyle Cavanaugh said the cost of employee benefits rose by seven percent See benefits on page 5

by Joanna Lichter THE CHRONICLE

by Matthew Chase THE CHRONICLE

In a summer that marked the launch of off-campus and online courses, some interested students were unable to participate because of difficulties with financial aid.

The Office of Undergraduate Financial Aid, which learned about the courses just before the start of summer session I, did not have adequate policies in place to allocate funding to students who wished to enroll in these new courses, said Alison Rabil, assistant vice provost and director of Financial Aid. “Our policies didn’t sit with the way these courses were structured, so we didn’t know how to interpret our policies,” Rabil said. “So we said, ‘Now we need to develop policies for this,’ and that is not always quick. We don’t want our people to be cut short.”

Rabil added that she is meeting with administrators next week to work on fixing the problem.

The nature of the new courses presented problems for the office’s traditional method of distributing aid. One course is taught across both summer sessions, so students are enrolled as less than half-time students for each semester, disqualifying them for financial aid.

Other students were advised against using their aid to enroll in online or off-campus courses because they would not receive allowance for summer room, board or books.

“The implication was this is not the most effective use of the funds,” Rabil said.

English professor Cathy Shuman, who teaches ENGLISH 109S: “Writing the Experience: Civic Engagement and Creative Nonfiction” said at least three students withdrew from her course after hearing from the financial aid See classes on page 6

4 | THURSDAY, JUNE 3, 2010 the chronicle

DUPD completes investigation into officer-involved shooting

by Joanna Lichter THE CHRONICLE

Duke police have concluded their internal investigation into the March officer-involved shooting outside Duke Hospital that left a Durham man dead.

Although the State Bureau of Investigation is continuing to review the March 13 incident, Michael Schoenfeld, vice president for public affairs and government relations, said May 24 that the Duke University Police Department has completed its inquiry.

“DUPD has concluded its internal investigation of the incident and found that the actions of the officers were necessary and reasonable under departmental policy,” Schoenfeld said.

Schoenfeld declined to comment on the actions of the officers and the particular circumstances of the shooting.

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DUPD officers Larry Carter and Jeffrey Liberto responded to a report of a suspicious person outside of Duke University Hospital’s main entrance at approximately 1:09 a.m.

March 13. Durham resident Aaron Lorenzo Dorsey, 25, attacked the officers and attempted to take one of their guns, DUPD Chief John Dailey said in a statement March 17.

When other attempts to stop Dorsey failed, one officer fired his gun once, fatally injuring Dorsey, Dailey said in the statement. Dailey deferred all further comments to Schoenfeld.

Noelle Talley, public information officer for the North Carolina Department of Justice, declined to say when SBI will release further information about the case.

“When SBI agents complete their work, they will share their findings with the district attorney for Durham,” she wrote in an e-mail.

Schoenfeld said the SBI is typically involved in investigating officer-involved incidents and that it often takes a considerable amount of time to investigate cases.

Dorsey’s body was taken to the North Carolina Office of the Chief Medical Examiner in Chapel Hill for an autopsy and identification following the shooting. The autopsy report is not yet complete but must be released by June 13, 90 days after the incident.

One officer was slightly injured in the confrontation March 13. In March, Dailey declined to say which officer was injured but noted that he was treated and later released by Duke University Medical Center’s Emergency Department.

lawson kurtz/The Chronicle

University police have finished their investigation into the officerinvolved shooting just outside of Duke University Hospital.

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“This was a fairly unanticipated circumstance or set of circumstances,” Perwich said. “As I reflect on my career, more often than not I have sacrificed family for my career, and so in this case I chose the reverse. That aspect of the choice is positive for me, but having to give up what I think is just an incredible program, that’s a significant letdown.”

Jeanne Kirschner, Robertson Scholars Program associate director for finance, administration and planning, said the program has assembled a leadership team to find a replacement for Perwich.

Kirschner said she does not know when the team will complete its work, but said that it will meet throughout the summer. She said the team will include members of the Robertson Foundation, an external consultant and herself. Kirschner said she could not comment on the specifics of the process because every search is different.

Kirschner said Perwich’s leave will not significantly affect the scholarship program.

“We are still a tremendous program and we will continue to deliver a great program,” Kirschner said. “This should be nothing unusual for the scholars.”

Perwich added that he has received a “strong sense of support” from students and staff affiliated with the Robertson Scholars program since he announced his resignation. He said he thinks the program is very successful and will remain that way.

“This is a fast-moving train with lots of things going on all the time,” Perwich said. “It will thrive the way it’s thrived for the past 10 years. The hopes remain the same.”

Although Perwich said the Robertson Scholars program is constantly busy, his leave comes at a relatively slow time.

“As the organization sits right now, it is the summer so probably from an academic point of view that is a slack period,” Perwich said. He added that the program is currently running summer courses, preparing for the incoming freshmen and starting to recruit the Class of 2015.

Before heading the Robertson Scholars program, Perwich was unaffiliated with either Duke or UNC. He formerly worked as an economics professor at United States Military Academy at West Point and served as chief executive officer of the world’s largest collegiate honor society and as president of WaterDesk Corp., an alternative energy start-up.

Although his time at the scholarship program was brief, Perwich said he enjoyed developing “human capital.”

“The purpose of enabling human beings to realize their leadership potential just hits a very near and dear sweet spot for me,” he said. “There is a very warm place in my heart for developing exceptional human talent, especially young talent. You almost think of it parentally.”

Kirschner said she is disappointed to see Perwich leave, but also glad that he is able to take time to address important personal matters.

“Of course we were surprised,” Kirschner said. “We wish him nothing but the best.”

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the chronicle

THURSDAY, JUNE 3, 2010 | 5

Q&A with Tod Laursen

by Taylor Doherty THE CHRONICLE

Tod Laursen, chair of the Department of Mechanical Engineering and Materials Science, announced May 3 that he will leave Duke to become the president of Khalifa University of Science, Research and Technology, a young university in Abu Dhabi, United Arab Emirates. Laursen has been at Duke for 18 years and previously served as senior associate dean for education for the Pratt School of Engineering.

The Chronicle’s Taylor Doherty sat down with Laursen May 28 to discuss Khalifa.

The Chronicle: Could you tell me a little more about Khalifa University?

Tod Laursen: It has existed as Khalifa University for a couple of years. It is an en-

melissa yeo/The Chronicle

Professor Tod Laursen will leave Duke to serve as president of an engineering school in Abu Dhabi.

benefits from page 3 those of other local and regional organizations as well as comparable universities.

Continuing conversations with other universities also allow Duke to understand its responsibilities in light of new health care reform.

“As we start to look out for 2011 and beyond we are in the middle of doing quite a bit of planning,” Cavanaugh said. “Not only annual things, but all of the changes associated with national health care reform. We are working our way through how these changes will be managed for next year.”

Duke’s benefit plan continues to attract a high number of applicants for various positions at the University and DUHS, Trask said, adding that in bleaker times, people

gineering school, [and a state school] is the exact analog. ...This is the university that is particular to Abu Dhabi, which is the largest of the seven emirates. The ruler, very much [so], and the people on the board of the university are really taking it as a priority to diversify their economy away from oil. They know to do that they need to improve the educational system at all levels, and they really need an excellent state university, particularly in technology and medicine.

TC: Have you gotten a sense of how college life in the United Arab Emirates and America differ?

TL: I think I’m going to learn a lot more about that. Of course, the university now is in temporary quarters and so things like student housing—which will exist when the permanent campus is built—don’t yet exist.... I think that there are aspects of student life there that are still to be developed, and I think that’s one of the things that’s going to be kind of fun, to look into what the different traditions can be and what it will be like to be a student at Khalifa as opposed to other alternatives.

TC: Do you think that the character of the university will reflect the American influence that you bring as the school’s president?

TL: I think so, but it’s important not to just sort of impose that footprint, either.

Certainly, I think from the standpoint of, as I understand it, the sheiks, there is an interest in looking into the American system as sort of a way of designing the university, but I think that it would be a mistake not to be sensitive to local traditions. I think for me, it’s going to be very much a learning exercise.

TC: As president, will you have to completely give up teaching? Will you miss that time in the classroom with students?

TL: Well, I’m actually going to try [to teach]. I think it’s probably not realistic to do it right away, but it’s one of the best ways I know to get to know students better, to know what’s on their minds, to have a notion of what can sort of be improved, to know what level of preparation they bring, which is one of the other unknowns.

TC: As you consider your move abroad, what do you think you will miss most about the U.S.?

TL: I’m a sports nut. I love college basketball, but I actually love college football even more. For me, one of the things that I’ve liked about Duke and about being on American campuses in general is that I like the mix of academics, social [life] and sports. For me, the sort of totality of the campus experience is something that I really enjoy. I’m sure the campus in the United Arab Emirates will develop our flavor and have that, but I have to admit I have to figure out a way to get my college football fix on Saturdays during the fall.

TC: Well at least as a sports fan, you get to leave right after Duke won a national title in basketball.

TL: That’s true—it’s actually my first one in the 18 years. The back-to-backs [in 1991 and 1992] were right before I joined the faculty, and then in 2001 I took my sabbatical, so I was actually gone. I almost missed the boat.

TC: You’ve been at Duke for 18 years. What will you miss about life at the University?

TL: The thing that I love about Duke students—and that I very much hope that I’ll find there—is how generally interested

[they] are in everything. There are a lot of places, especially in engineering, where kids are very narrowly focused on engineering and may not have that many interests outside of it. You know, I suppose that can happen from time to time in Pratt, but far more often kids are really interested in very powerful stuff: music, economics, whatever it might be. It has made it a lot of fun to teach here.

TC: How did your family react to the news of your appointment?

TL: My wife and sons were totally enthusiastic about it. They were, at the outset, more enthusiastic than I was.... My oldest son is [heading to college in the Fall], so for him, it’s looking like a good place to spend his breaks, but that’s the extent of it. My younger son is 16, and so he’ll be looking at the last couple years of his high school [there]. He was actually a very big advocate and champion for doing this because... he is very interested in Arabic history and music and language.

TC: Through this process so far, what have you learned about the United Arab Emirates?

TL: The thing that I have really been struck by that I didn’t appreciate before this is how open a society the UAE is.... You’ve basically got a society that from a certain standpoint, at least economically, has every advantage. There have been times in the past when other cultures have sort of sat on their laurels rather than thinking about what the next thing might be. The sense that I’ve gotten in the UAE is that people really realize that the oil economy is very finite and that there are things that they’re going to need to do in order... to have a better future.

tend to understand and appreciate the quality of benefits Duke provides.

Last year, the University received a record number of applications for employment—approximately 124,000 applications for University and DUHS positions, according to Duke’s Human Resources website.

That same year, the University hired about 2,151 new employees—537 fewer than the year before.

“At a time when we’ve gone through the current economic crisis, we’ve become even more attractive,” Cavanaugh said. “In some cases, we have dozens and dozens of highly competitive people competing for the same positions.”

Trask added that retirement benefits may also account for the increased number of applicants. Several local employers have stopped paying for retirement, and Duke’s plan guarantees a pension.

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6 | THURSDAY, JUNE 3, 2010 the chronicle

donations from page 1 Donors to the Annual Fund include alumni, parents, students, faculty staff and friends of the University, Woods wrote in an e-mail. Donations from Reunions Weekend go toward the Annual Fund, which comprised approximately 7 to 8 percent of the University’s total annual private givings over the last two fiscal years, according to the University’s development annual reports from the last two fiscal years.

Although the University does not have a public fundraising goal for this fiscal year ending June 30, its Annual Fund goal is to raise $26.3 million from 45,000 participants, according to the fund’s website.

The Annual Fund has raised $21 million so far from just more than 39,000 donors. It raised $24 million last fiscal year and $26.1 million the year before.

“We certainly have done some projections and some planning and our hope and expectation was that donations would rise,” Shepard said.

With $5.3 million until the Annual Fund reaches its goal before the June 30 deadline, Conescu said previous patterns in giving show good chances of raising the remaining funds, as giving peaks at the end of the fiscal year.

“Knock on wood, we feel pretty good about the increases that we’ve seen,” Shepard said.

According to the Annual Fund website, 44 percent of this year’s Annual Fund goal can be attributed to reunion giving goals for alumni who celebrated reunions in 2010. For this fiscal year, the reunions giving goal is approximately $11.5 million.

University Development sets goals for classes preparing to attend reunions weekend based on a class’s initial size, age and

income as well as its prior giving patterns and discussions with the class’ volunteer leaders, Woods said. The Class of 1980’s 30th reunion this year, for example, would be compared to the Class of 1979’s 30th reunion last year. Goals this year range from $200,000 for the Class of 2005 to $2.15 million for the Classes of 1980 and 1985.

Five of the 10 classes that celebrated reunions this year have already reached, and in some cases surpassed, reunion goals.

Looking ahead, Conescu expanded on Shepard’s observation that certain major gifts made in previous years will not be repeated this fiscal year. Conescu noted that several of these gifts were made specifically to the Financial Aid Initiative, which concluded in 2008. The initiative raised $308.5 million, according to the annual report.

Conescu also noted that cash donations from the Charlotte-based Duke Endowment, the University’s single largest donor, decreased from almost $78 million in fiscal year 2007-2008 to $40 million in fiscal year 2008-2009, a decrease likely attributable to the endowment’s fall in worth from a November 2007 peak of $3.3 billion. Conescu declined to reveal how much the Duke Endowment has granted the University this fiscal year.

Duke Endowment Chair Russell Robinson, Trinity ’54 and Law ’56, expects the losses to affect giving this fiscal year and likely into fiscal year 2011, The Chronicle reported in March.

Conescu declined to comment on the current private donation total to the University, or how diminished assets of the Charlotte-based Duke Endowment may affect donations. The Office of University Development will publish its 2009-2010 Development Annual Report by late summer or early Fall.

classes from page 3 office. The online course requires that students participate in a civic engagement program during the summer in addition to taking the course.

Rising senior Samera Beshir was one of those students. Beshir said she signed up for the class but received an e-mail from her financial aid counselor May 13 informing her that she was not eligible for financial aid because she would be enrolled as a less than halftime student. Beshir would have to enroll in another credit to qualify for aid, the e-mail said.

“I wouldn’t be able to afford summer school during the summer without financial aid, so I had to drop out,” said Beshir, who is participating in the DukeEngage program in Cape Town, South Africa. “It’s basically impossible to take two classes while you are engaging in servicelearning.”

Beshir, who said the course would have alleviated some pressure next year because it would have fulfilled some of her graduation requirements, added that she wishes the University could have worked out the issue.

“I think the school wants to give everyone the educational opportunities and doesn’t want money to get in the way of that,” she said. “But to have money again get in the way is disappointing and strays from the intentions of the University, I suppose.”

Rabil said she wishes that more students could have taken advantage of the new courses this summer.

“Unfortunately we had some students who dropped [courses] because they felt they had to drop [them],” Rabil said.

“They had tough decisions to make. And now we have to make the administration seamless.”

Shuman said she was upset to learn that finances prevented many students from enrolling in her course, especially since she said about 20 students initially expressed interest in the class, which was capped at 10. Five students are now enrolled, she said.

“Obviously I was disappointed when I thought I would have eight or nine and now I have five,” Shuman said. “I am also disappointed for the students. The course that I am teaching, it’s designed to be the only course that you take. I am really hoping that if we do it again, we start thinking about this issue... and we figure out a way around it.”

Rabil said she wants to fix financial aid issues for special courses run during the summer in the future.

“These things kept popping up in my office in not necessarily a consistent way,” she said. “We need to be included in these conversations [about developing new courses]. It wasn’t as well planned in terms of the impact financial aid would have on students as we would have preferred by virtue of the fact that it was a new offering. I am not particularly happy with the way it turned out.”

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The Chronicle

THURSDAY June 3, 2010

At the first day of the annual K Academy, head coach Mike Krzyzewski again said he had no interest in taking an NBA coaching job. The Cavaliers are reportedly interested

www.dukechroniclesports.com

Defense, few goals mark physical game

by Andy Moore THE CHRONICLE

BALTIMORE — How was Notre Dame able to hold Duke—the second-ranked offense in the country, with a scoring average of 13.83 goals per game coming into this weekend—to only six goals?

To answer that question, one must look no further than the Irish’s goalie, senior Scott Rodgers. Rodgers, a 6-foot-4, 254-pound behemoth, netted an amazing 15 saves Monday, including a game-saving snag on a Zach Howell shot that seemed sure Game to go in with 1:47 left in Analysis regulation. Rodgers was a force in the net the entire game, and his defense rallied behind him. “[He’s] always a nice safety net, and he has been there to support this team and give us confidence all year,” Notre Dame defenseman Kevin Ridgway said. “Scott [was] just a huge asset.”

During the fourth quarter, Rodgers tallied six saves, including one stretch at the beginning of the period where he saved back-to-back strikes from Justin Turri and Max Quinzani, one of which that would have put the Blue Devils ahead by one.

“If I knew the secret, I’d be telling people, but I don’t,” Quinzani said, when asked how to play against Rodgers. “He’s a great goalie and really the captain of that defense.”

Quinzani and Ned Crotty, Duke’s two leading scorers, were held to only one point each­ —Crotty’s assist on Duke’s opening goal and an assist by Quinzani with 1:24 left in the second quarter to midfielder Steve Schoeffel.

The two senior attackmen—who combined with Howell for 10 points against Virginia—saw increased defensive pressure and few scoring opportunities all afternoon, as the Fighting Irish decided to key in on the front line and leave openings for midfielders like Schoeffel, Turri and, of course, CJ Costabile.

“I felt like I had a lot of space to move christina pena/The Chronicle around and dodge. That was really helpful,” Schoeffel said.

Senior attacker Max Quinzani went horizontal as the Blue Devils celebrated their 6-5 overtime victory Monday.

The Irish used a deliberately slow-paced offense to curb the Blue Devils’ scoring by limiting their opportunities. And when Duke managed to get shots on goal, Rodgers made some point-blank saves to keep the Blue Devils off the scoreboard.

“We knew, especially on offense, [that] we needed to be mentally tough,” Howell said. “It’s tough going in knowing you may not have the ball as much as you would like, and we knew we had to be opportunistic against their defense.”

In the end, though, the lack of scoring didn’t matter for Duke. What mattered most were the final numbers on the scoreboard.

“I’m extremely happy and joyful for our students and anybody who has ever worn a Duke jersey,” head coach John Danowski said.

the road to monday

christina pena/The Chronicle

The final faceoff, won by CJ Costabile, ended with the sophomore sprinting all the way down the field and scoring.

Lacrosse fans bring their ‘spoons’ and spirit

by Rachna Reddy THE CHRONICLE

BALTIMORE — They came with sticks.

Whether set across the tops of strollers in Baltimore’s Inner Harbor or swinging in the arms of 11-year-olds in hotel parking lots, lacrosse fans brought their sticks and spirit to the NCAA men’s lacrosse championship games this weekend. A total of 116,289 fans sat in the blue seats of the city’s M&T Bank Stadium during the three matches. Many cheered for the Blue Devils.

Trevor Willis, 12, and his four lacrosse teammates from West Islip, New York— the hometown of midfielder Justin Turri—said people carry their sticks to throw the ball around while they wait for the game to start.

“We can practice our laxing,” Willis said. “Lacrosse is an adrenaline rushing

sport.”

Lacrosse is 10 times better than basketball, according to Willis’ teammate, Cameron Crazie tee-clad Conor Smith, 12, whose father, Sean, served on Duke’s head coach John Danowski’s staff from 1998 to 2006. Smith has attended the NCAA lacrosse championship games since he was one year old.

Jean Waagbo, 52, from Ellicott City, Maryland, said she brings her son, Justin, to the finals every year for his birthday.

The tradition started when he was 10; he turned 27 Monday and is now a lacrosse coach. Waagbo’s daughter, Kristen, Trinity ’07, was chosen for Inside Lacrosse’s AllAmerican team her senior year at Duke.

John Koskinen, Trinity ’61, who supported Duke’s Koskinen Stadium with his wife Patricia, said he loves the sport because of its constant motion. “It requires

a lot of skill,” Koskinen said. Lacrosse fans are as spirited as those of other sports, but at lacrosse matches, adult fans stand up to cheer as much as students do, he noted.

Mark Lefkowitz, 44, who came down from New Jersey for the tournament with his 13-year-old son Adam, said he thinks lacrosse fans are especially passionate about their sport, because they often play it.

“It’s not like basketball or football,” he said. “Everyone’s here because they love playing lacrosse.”

In a parking lot surrounded on all sides by highway overpasses—good for shade in the 91-degree heat—Duke fans tailgated Monday afternoon before the final game against Notre Dame. Amid trunk-open mini vans, pretzel stick jars and charcoal-coated watermelon rinds on concrete, was a familiar face.

Herb Neubauer, known by most Duke fans as “Crazy Towel Guy,” had left Durham at 7 a.m. Monday morning to watch his first NCAA lacrosse championship game live in Baltimore. Neubauer said he has seen Duke win five national championships and does not want to miss this one.

“It’s always tough watching it on T.V. because you feel like you’re missing,” he said.

Richard Witmer, a graduate of Middlebury College, attended tailgate and the finals with his high school lacrosse teammates—one of whom is attacker Tucker Virtue’s brother.

Witmer described lacrosse fans as a small, close fraternity.

“If you’re a lax fan, and you meet another lax fan, that’s an instant talking point,” he said.

10 | THURSDAY, JUNE 3, 2010 the chronicle

men’s basketball

Blue Devils honored by Obama in Washington

by Andy Moore THE CHRONICLE

WASHINGTON, D.C. — Kyle Singler snapped pictures with his digital camera, Brian Zoubek clutched a much-needed water bottle on a blisteringly hot morning and Reggie Love received ovations, cheers and rounds of applause—just for putting the president’s speech on the podium.

Yes, it was Duke day at the Rose Garden in Washington, D.C., Thursday, May 27. The Blue Devils were honored around 10:30 a.m. by President Barack Obama in a celebration that Richard Brodhead called “the icing on the cake” to their national championship-winning season.

After lingering in the porticos of the West Wing, then marching to line up behind the podium, each player stood beaming as Obama walked out to a standing ovation. The president shook each player’s hand, stopping at Jon Scheyer to call him “my homeboy.”

“That was pretty cool,” Scheyer said later.

In his remarks, Obama repeatedly lauded the Blue Devils for their achievements.

He especially congratulated the seniors for their progress during their four-year career—from making it to the first round as freshmen, the second round as sophomores, the Sweet 16 as juniors and winning it all their final year.

“It’s really been a four-year journey for these guys. And each year, they’ve gotten better together,” Obama said.

The president even threw in a well-received Krzyzewskiville joke.

“You know, when I woke up this morning and I saw a few hundred students camping out on my lawn, I remembered that today

is Duke day,” he said.

The president also made light of his spat with head coach Mike Krzyzewski last year, which occurred after Obama picked North Carolina to win the national championship.

Krzyzewski, perturbed when notified of the president’s picks, said then that Obama should focus more on the economy than his bracket.

“Now, I know that all of you remember last year, when I filled out my bracket, I picked North Carolina to win it all,” Obama said. “It wasn’t anything personal.

Just trying to win some money. I was right.

Coach K wasn’t too happy. He basically told me to stick it.

“And then, this year, he went out with all these guys and he won, so he could come to the White House and crow about it. Payback is sweet, isn’t it, Coach?”

After the remarks, and after Scheyer and Zoubek presented a No. 1 Duke jersey to Obama, Krzyzewski handed the president a framed, wooden copy of the 2010 bracket, complete with a large Blue Devil logo in the middle.

“You see that, it says ‘Duke’,” Krzyzewski said, pointing at the line where the national title winner is scribbled in.

While the coach did get to have his payback at the president’s own house Thursday, he had nothing but kind words for his host after the ceremony.

“For him to take the time out and greet us in such a way was just terrific,” Krzyzewski said.

For more coverage of the event of the White House, check out Christina Pena’s photo essay on page 2.

christina pena/The Chronicle

Seniors Brian Zoubek and Jon Scheyer presented Barack Obama with a No. 1 Duke jersey last Thursday.

m. lacrosse from page 1 won its first ever national championship. On the sidelines were former players Zack Greer and Matt Danowski, reminders—along with fifth-year seniors Crotty, Mike Catalino, Tom Clute, Sam Payton, Steve Schoeffel, Devon Sherwood and Dan Theodoridis—of the program’s tumultuous recent history. All involved were fully aware of the win’s magnitude.

“They were all crying,” head coach John Danowski said. “It meant so much to them.

For me, the same thing. It’s been a very emotional time, but a very cool time....

There was so much emotion those first two years... And [they] walked on that field today and [felt] good.”

“To go these five years with the fifth-years this year, it really is amazing,” said Schoeffel, who had two goals in the game. “Those guys, the years ahead of us that didn’t win, they were all just as much a part of this, getting to this point. We won it for the guys on the team this year, but also for the guys in

on the record

“I was so proud of our guys. If I was told before the game that we were going to hold a team to five goals in the national championship game, I would’ve been delighted.”

— John Danowski “Guys who have been here before me... finally seeing them walk off that field with a big smile is the best part.”

— CJ Costabile

Christina pena/The Chronicle

In Duke’s 6-5 win Monday, the Blue Devil offensive attack was stymied by a swarming Irish defense and a deliberately slowed-down offense. Still, Duke came out on top. the past.”

But after the game, in the safety of the locker room, the players did not think about the overarching significance. It was time—finally—to celebrate.

“We turned on the music and we danced around that trophy like it was a voodoo doll,” said Quinzani, who signed with Duke even when the program’s future was in question four years ago. “It was crazy, but that’s just elation.” The game will go down in the history books as the lowest-scoring title game in NCAA Tournament history.

The Irish, eager to stifle the high-powered Duke offense, were able to control the tempo and ensure that every Blue Devil shot had to be earned through bruising defenders and perhaps the nation’s best goalie.

“It wasn’t the game that people saw the other night with Virginia, but we certainly hoped it wouldn’t be,” Notre Dame head coach Kevin Corrigan said. “We didn’t think we would be in good shape in a game like that, but we thought we could win a game like this.”

Duke was able to only muster 13 shots in the first half, while the Irish had 19. Part of

this was due to a deliberately slowed-down Notre Dame offense, which limited the number of possessions for both teams and created long stretches of scoreless play—in the second quarter, for example, neither squad scored until there was 1:24 left in the half.

The lack of offensive fireworks in the first half didn’t change for Duke when it came out of the locker room with a 3-2 lead.

Notre Dame, however, found a quick spark. The Irish erased their deficit quickly with a diving shot by David Earl that fooled freshman goalie Dan Wigrizer with only 1:19 gone from the clock. Aerial acrobatics

by Zach Howell, who would finish with two goals, put the Blue Devils back on top, 4-3, at the 9:30 mark. But the lead proved to be short-lived, as Notre Dame midfielder Zach Brenneman rifled a shot with 1:12 left in the quarter past Wigrizer to bring the two teams to a tie going into the final period.

Coming out of the gate in the fourth, a quick series of shots by Justin Turri, Quinzani and Howell all failed to get by the hulking Rodgers, who finished the game with 15 saves. The Irish took possession, and with 11:56 left in the game, took their

first lead since the beginning of the first quarter with a Sean Rogers goal.

Turri quickly tied it up, and neither team could take the lead during the contest’s final eight minutes.

In overtime, it all came down to the first faceoff. Costabile, who was part of a threeman rotation at the X along with Payton and Terrence Molinari, got the nod. He did not fail to deliver. “[Faceoffs] were a battle throughout the game,” Costabile said. “To come out clean, to get my hands in there and pull it out really quick—the ball popped out in front of me, it was awesome.” Danowski was realistic about the break that Duke got in winning the faceoff, and the quick goal that came from it.

“Winning—it’s awesome,” Danowski said. “But you also know that if the faceoff went the other way, I wouldn’t be sitting here, maybe, and it’d be 6-5. I’ve been around long enough to know that, too. It goes both ways.”

Danowski had been on the wrong end for several years at Duke. But Monday, he, along with the rest of his squad, finally got to see what it’s like on the other end of the draw.

the chronicle

men’s tennis

Cunha and Carleton’s reign at No. 1 comes to end Henrique Cunha and Reid Carleton embarked upon a brilliant run in their first season as doubles partners, rising all the way to the top of the rankings toward the end of conference play.

But despite being the No. 1 tandem in the NCAA doubles championship, the pair couldn’t overcome Virginia’s top doubles team Saturday, falling 6-4, 6-7 (6-8), 6-3 to the Cavaliers’ Michael Shabaz and Drew Courtney, the eventual champions of the doubles tournament. The pair of Cunha and Carleton ended the season with a 41-6 record, including an impressive 22-2 mark in dual matches.

“Anytime you lose, it is tough, but when you look at the full body of work for those guys it is pretty amazing,” head coach Ramsey Smith said. “They had a great run in the NCAA Tournament and even though it ended earlier than they hoped they were playing great tennis.”

Cunha and Carleton had played the Cavaliers’ No. 1 doubles team three times prior during ACC play and the postseason. Duke won the first match 8-6, and the ACC and NCAA tournament matches were abandoned when Virginia clinched the doubles point, although both were headed to or already in tiebreaks. The fourth meeting between the two pairings proved to be equally tightly contested.

Virginia went up a break on Cunha’s serve at 2-2 in the first set after an hour-long rain delay. The Cavaliers took adavantage and held serve to take a 4-2 lead. The two teams traded serve the rest of the set, giving the Cavaliers a 1-0 advantage.

The Blue Devils came back stronger in the second set, but again failed to break the Cavaliers’ service, leading to a tiebreaker. In the tiebreaker, Virginia seemed poised for a straight-set victory, with double match point at 6-4, but Cunha and Carleton fought back to win four consecutive points and tie the match up at one set apiece.

“Virginia served really well and got up a set,” Smith said.

“We didn’t break in the second but forced a tiebreaker, and after UVA played great to get up 6-4 in the tiebreaker our guys played two amazing points to save match points. They gave themselves a chance by winning the second set.”

In the decisive set, Shabaz and Courtney once again broke Cunha’s serve to go up 3-1. The Blue Devils were on the verge of breaking back in the next game, up 40-love, but the Cavaliers reeled off five consecutive points to hold serve and carried that momentum to break Carleton in the next game and take a commanding 5-1 lead in the third set. Duke then broke Courtney for the first time to extend the match, but Shabaz held serve for the win.

Cunha, the overall No. 1 seed in the individual tournament, failed to recover from the defeat, also bowing out in the singles semifinals the next day to the eventual champion, Stanford’s Bradley Klahn. The 6-2, 6-2 loss ended the freshman’s 24-match winning streak and prevented a storybook ending to a record-setting season in which Cunha captured ACC and National Rookie of the Year honors as well as ACC Player of the Year.

Cunha never found a rhythm in the semifinals. He led 1-0 and had break point on Klahn—the 2009 National Rookie of the Year—in the first set, but play stopped due to weather. When the match resumed, Klahn took control of his serve and broke Cunha twice to win the first set. The second set was more of same as the Cardinal sophomore broke Cunha twice more to punch his ticket to the final.

The Brazilian freshman ended the season with 39 wins, the most in school history.

—from staff reports

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THURSDAY, JUNE 3, 2010 | 11

fromstaffreports Ellah Nze Falls Junior Ellah Nze fell to Baylor’s Nina Secerbegovic 3-6, 6-0, 6-1 in the round of the 16 of the NCAA Individual Singles Tournament last Wednesday to end her season with a 25-17 overall record.

Nze won the first set easily, 6-3, before falling off in the second and failing to win a single game. After the blanking by the 20th-ranked Secerbegovic in the second set, Nze was unable to recover and lost the third set 6-1.

Clarkston Hines Inducted It was announced Thursday that Clarkston Hines, wide receiver for Duke from 1986 to 1989 will be elected into the College Football Hall of Fame in a ceremony at the Waldorf-Astoria in New York City December 7. Playing under Steve Spurrier and leading the Blue Devils

to the ACC title in 1989, Hines amassed 189 receptions for 3,318 yards and 38 touchdowns in his career. He graduated as the NCAA’s all-time leader in touchdown receptions and was honored as a first-team All-American his junior and senior years. He also still holds career records at Duke for pass receptions, receiving yards, receiving touchdowns and 100-yard receiving games.

Duke sits in 27th after NCAA’s first two rounds Playing at the Honors Course in Chattanooga, Tenn., the Blue Devils currently stands at 27th after two rounds of playing the NCAA Championship.

Roach was the lone Blue Devil to shoot under-par Tuesday, firing a three-under 69 to move to a tie for third place. Roach benefited from back-to-back birdies on holes No. 4 and 5 after a bogey on No. 3. Roach wasn’t far from that ledger Wednesday, shooting a 73 and falling to 15th place.

Long was the No. 2 golfer for Duke Tuesday shooting a 1-over 73, and was on his way to shooting around that number Wednesday before play was halted due to darkness.

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Diversions Shoe Chris Cassatt and Gary Brookins

Dilbert Scott Adams

Doonesbury Garry Trudeau

The Chronicle how we celebrated the lax championship: put on my croakies and a sweet pair of shades: ���������������������� toni do i get chicks? yes: ����������������������������������������������������������tay-dough raged in my pinny: ������������������������������������������������������������������ x-tina she came... with sticks: ��������������������������������������������������������� rachna drove to l.a. it’s a pretty chill place: ���������������������������������������andyk wore pastels. yeah, i went to boarding school: ������������������melissa went out and had a toss, brah: ������������������������������������������� pennna that’s how you get the nice lettuce: ��������������������������� adolph rupp Barb Starbuck likes to lax, and she likes to party: ������������������ Barb

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14 | THURSDAY, JUNE 3, 2010 the chronicle commentaries

Return to glory Five seconds into over- proud of the team, not only time, the men’s lacrosse for its victory, but also for team scored against Notre maintaining Duke’s repuDame, beating its opponent tation as a bastion of both 6-5 and nabbing Duke’s first academic and athletic exnational chamcellence. pionship in the Obviously, editorial sport. winning a In each of the past four national championship reseasons, the team has ad- quires a substantial time vanced to the Final Four. commitment from players.

Monday, the team finally took Accounting for this, it is imthe extra step and scored the pressive that the players have goal that led to its long-await- managed to rise to the top of ed victory. their games while upholding The Chronicle Staff respectable standards of acawould like to congratulate demic achievement. Team the Blue Devils on their win, members are all expected which reflects their talent to graduate and their averand dedication and brings age grade-point average is a the University its 12th na- 3.2, with 70 percent having tional athletic title. The at least a 3.0, according to Duke community should be ESPN’s telecast of the cham-

“

onlinecomment

As an ex-player at Duke and alum, I would welcome the time when the efforts of today’s players can stand on their own without a revisiting of the Duke response to the charges against the players in 2006.

”

—“bluedevil2” commenting on the story “With 6-5 overtime victory, Duke captures first national title at site of 2007 heartbreak.”

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pionship game. This reaffirms Duke’s unique standing as an institution that truly succeeds in recruiting “student athletes,” and does not simply pay lip service to this idea.

The Blue Devils should be applauded for their victory for another reason: they have overcome obstacles that have plagued lacrosse since the 2006 incident surfaced. In that year, President Richard Brodhead canceled the remainder of the team’s season and the players were unsure of their status going forward due to false charges of rape.

Since the false allegations against three players

became a major national story, Duke lacrosse players have represented the University favorably and shown that the team is not simply defined by the scandal. The seven fifth-year seniors who were present during the height of the lacrosse scandal and have led the team to a national championship have undeniably seen the team progress from the lowest of lows to the highest of highs.

This leads to one final point: Duke lacrosse need not—and should not— continue to be synonymous with the 2006 scandal. Although it has been four years since, the public as a whole continues to as-

sociate the incident with the team in a knee-jerk fashion. This should not be the case. The scandal and success are separate issues, and one does not define the other. The scandal should not overshadow the team’s victory and the team’s victory does not provide closure to the scandal; both are integral to the history of the University as a whole and to the lacrosse team in specific. Hopefully, the public will recognize this difference and view the team for what it currently is—a talented group of student athletes who have made an incredible journey to deliver their University the highest athletic honor.

A liar’s fail Is there ever a good time for a lie? The anSo I continued the lie I had started—and elabswer that has been drilled into our brains since orated some more. we could ever remember is no, never. Although Before the end of the taxi ride, I became a there are of course extraneous situations when high school dropout who learned all her English lying is more permissible, there are people (like by watching English movies, had just recently me) who should never attempt such a hopeless moved to Chengdu to become a tour guide and cause, much less contrive an entire life story with- was going solo in the tourism business, exclusivein the span of one taxi ride and expect not to get ly targeting Americans. I became everything that conned out of a lot of money. Then why did I do I was not in real life. it? Let me explain.

But did my lies serve a purpose?

For a weekend, we, a small group of Duke I suppose so. Humans are supposed to students, had to travel to another have an innate ability to make part of Sichuan from where we informed judgments about a were stationed. On the way back, particular person even through the bus stranded us on the outbrief interactions. Most people skirts of the city; it had dropped predict how others would beus off on a highway bridge, 50 feet have based on how their own above solid ground. reaction to a similar situation.

Imagine: dusk is falling; light This is a form of empathy, or is fading; a group of conspicuous more specifically: mind reading.

Americans and one naive-looking We project stereotypes or our rui dai Asian get off the bus, desperateown personalities, beliefs and summer column ly needing a taxi for transport. feelings onto others depending What’s a cab driver to do, but on first impressions. make a killing off of us?

Therefore by manipulating the cab drivers’ Being the only person who looked native, first impressions of us, I change how he will the taxi drivers assaulted me on all sides, be- expect us to act. By not acting like a naive collieving that I was the tour guide and translator lege student, but as a tour guide, I appear to for the group. know more about what I am doing. The taxi In China, tour guides and taxi drivers are driver hopefully will perceive me as someone usually partners in crime; the former hires the who knows what I am doing. He is then less latter for a whole day at a discount, and both likely to cheat us. both end up benefitting. However, just because However, I can’t say that my charade worked or the cab drivers saw me as one of them did that the taxi driver didn’t cheat us out of a lot of not mean that they weren’t going to swindle money. In fact, I’m pretty sure that he did. whatever they could from us. Four cab drivers Generally, taxi drivers in marked taxi cars teamed up and appealed to my supposed sense are relatively honest; there usually is a name of camaraderie. They hawked out overpriced placard in the front of the taxi that states evfees and refused to back down when we tried to erything you would need to report any suspihaggle: they called me a traitor who quibbled cions of foul play. The meter also makes the for “foreigners.” fare more transparent.

I did not correct their assumption that I was However, the driver of our taxi had taken the a tour guide and lied instead. I replied, with my placard down, which was the first sign after we’d best imitation of a tour guide and Sichuanese di- driven off that we were being cheated. The fact alect, that the “foreigners” wanted a marked taxi that the fare meter looked as though it had been with a running meter. When I said this, none of manipulated and the fare was twice what an unthe taxis, not even those with marked cars, were marked car offered didn’t help. willing to do it.

Perhaps I went a bit too far in my lie. Maybe We knew we were being cheated.

I should have just stopped at, “Hi, I’m a tour So we continued down the winding ramp and guide.” The taxi driver probably saw through my reached the hub of taxis. In the end, we finally absolutely horrid acting skills. found a marked taxi willing to take us on a runBut hey, next time I try to impersonate a delinning meter. But after such a bad venture with quent tour guide, I’ll know what not to do. taxis, we were still suspicious that we were being Rui Dai is a rising Trinity sophomore. Her column ripped off and didn’t want to appear as green as runs every other Thursday in the summer. we really were.

the chronicle

commentaries

THURSDAY, JUNE 3, 2010 | 15

Take two

Wall Street 101

My grandfather always had a pair of dogs. His side, a moment that would surely be mimicked mulreasoning was precise and very logical (though I tiple times on Lifetime? She would have decided not doubt that is why he really did it). It was, in essence, to eat, gotten sick from something the vet could not a cycle of dogs: one would get older and pass away, cure, and died with us saying, “She just could not live at which point my grandfather would get a new one on without her master.” to keep the other going. I always believed that there But, alas, Muffin lived on. She keeps my grandwas something more, and that he knew breaking in mother company every day, and has fallen asleep a new dog would give him something to keep him on the same three pillows every day for the past two busy, but I digress. The important part years. I always believed Muffin slept by of this story is that he would always get those pillows because she was searcha second dog. ing for something—anything—that That is why I should have realized she could hold on to. It is hard to something was wrong when he deciddeal with loss, and some things spark ed not to get another dog. Soon after, our memory. After falling asleep on I found out he had terminal cancer my grandfather’s lap every night, it and was going to die (Told you it was is not surprising that the dog associimportant). It was a sad time for all of ated a certain smell with her vision of us, but I tried to learn as much about antonio segalini my grandfather. So late at night she my grandfather as I could in the short will jump up onto the pillows and fall summer column time we had together—this was my asleep, remembering the owner she “Tuesdays With Morrie” phase, when I adored. realized being “zen” does not prevent a New Yorker And that is one of the many reasons I have fallen from giving you the finger. He and I talked about for her. Muffin quickly became a part of all of our various things that I should remember but don’t. But lives and embodied what my grandfather was to all one that seemed to take permanent residence in my of us. She is a reminder of a man who had passed memory is his lauding of his current dog, exclaiming too soon, a man whose wisdom I had only begun that she was the best he had ever had. to tap. She also watches over us all and makes sure My grandfather was not one to give out compli- we’re all OK. She is the link I have to my grandfaments, and for a man who always lived with dogs this ther. It may seem petty that I use a dog in this manwas big. I mean, the best? Maybe it was the drugs, but ner, but I truly believe that we all need something I had met dogs that did absolutely everything, so this to hold on to. was complete nonsense to me. This dog, Muffin, was A month before he passed away, my grandfather not the best. gave me an envelope with money in it. He was too sick My grandfather died almost two years ago, and to make it to a store to buy me a card, but he wanted the dog has now become one of my top seven women me to have something for my birthday. Last Monday, (girlfriend, mom, both grandmothers make the list, I looked at the envelope and remembered the many as do Erin Andrews—the poster child for attractive things he would have told me on my birthday. I guess woman turned sportscaster—and Emma Watson, who sometimes we just hold on to the little things. almost fell of the list due to going to Brown). But I cannot help but feel my grandfather’s comment was a Antonio Segalini is a rising Trinity sophomore. His coltad bit overzealous. Shouldn’t Muffin have died by his umn runs every other Thursday in the summer.

Wall Street, and finance in general, is a subject that can be not only confusing to the untrained ear, but overwhelmingly intimidating as well. It comes, as any specialty does, with its own private lexicon; terms like “credit default swap,” “backwardation,” and “volatility.” For insiders, phrases such as these serve as a familiar set of signifiers, used to navigate their way through newspapers and discussions and deals. For those of us on the outside, however, the jargon can oftentimes represent a foreboding barrier to the finance universe.

This does not have to be the case. Even if the keys to an understanding of high finance lie behind years of education and practice, there are things that an individual with no knowledge of the industry can do to further his chris bassil investment in the field. summer column For one thing, a healthy summer reading list can work wonders when attempting to penetrate the seemingly puzzling world of Wall Street. It doesn’t have to feel like summer school, either; books like Andrew Ross Sorkin’s “Too Big To Fail” inform while they interest, making them easy to read and useful as tools of learning. The book, which begins in the midst of the recent credit crisis and follows several investment banks on their way to bankruptcy or buyout, is built on the endless detailing of countless behind-the-scenes conversations between top government officials and financial executives, giving it the feel of cliffhanger drama. Written for a broad audience, Sorkin’s book is exceptionally approachable for the economic newbie, with the need to look up a key term or phrase arising only occasionally.

“Too Big To Fail” is not alone in this respect; Michael Lewis’s “The Big Short” represents another work that is both informative and fun to read, according to Duke professor Emma Rasiel, a former executive director of the London office of Goldman Sachs. She also recommended to me in an e-mail “Random Walk Down Wall Street” by Burton Malkiel and “Devil Take the Hindmost” by Edward Chancellor as two books that provide more general overviews of the market and are not as closely linked to recent financial developments. “Liar’s Poker,” again by Michael Lewis, and “Monkey Business” by John Rolfe and Peter Troob are both good for an entertaining take on Wall Street, but come with the warning of providing a heavily biased picture.

Of course, there are other places to turn for information on the economy, newspapers probably being the most obvious alternative. Rasiel pointed me in the direction of The Wall Street Journal, which she cited as a strong reference due to the fact that it is one of the key sources used by Wall Street itself. For a more global perspective, try The Financial Times, which is especially pertinent now given the recent economic developments in Europe. The Economist, though not a newspaper but a magazine, is both very well written and well researched, according again to Rasiel.

A beginner may want to be wary, though, when making the move past print and publications. Sources like television talk shows and news programs, probably the most easily digestible form of media in any sense, oftentimes advertise their positions as simple, definitive stances that are prepackaged for the viewer’s benefit. Rasiel warned me that these are among the most biased of sources, and that they also tend to incorporate a large amount of the “incrowd” lingo that deters novices in the first place. As far as the project of a self-made familiarity with Wall Street goes, then, television is most likely best left out of the picture, or at the very least taken with a hefty helping of salt.

Of course, to alienate one form of media from the others based solely on an accusation of bias is a little like the pot calling the kettle black. It’s true that the television programs can be more slanted than most, but that’s certainly not to say that the aforementioned books and papers, even the best of them, don’t have their leanings. After all, most of these works were conceived by their authors with purposes or messages to send, so naturally many of them will tend toward the thinking that created them. The trick is to spread your study across a wide smattering of the starting points listed here, and any others you might find, in order to cultivate from them a varied and diverse beginner’s understanding of Wall Street.

Eventually, expertise will inevitably trump these fundamental lessons, and at some point a formal education in finance is the only practical gateway to higher and more advanced understanding. For now, though, it’s vacation and time exists in abundance, and so a little summer reading is a good place to start.

Want to read columns before they run?

The Chronicle is looking for Editorial Page Managing Editors for the 2010-2011 academic year. Gain valuable experience with copy-editing columns and shaping editorial content. No prior experience is necessary. If interested, please e-mail bmb21@duke.edu.

Chris Bassil is a rising Trinity junior. His column runs every other Thursday in the summer.

16 | THURSDAY, JUNE 3, 2010 the chronicle

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