March 24, 2010

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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

WEDNESDAY, MARCH 24, 2010

ONE HUNDRED AND FIFTH YEAR, Issue 117

www.dukechronicle.com

Duke Endowment feels downturn Sharp drop in assets means University’s largest donor will fund fewer projects by Lisa Du

THE CHRONICLE

In December 1924, James B. Duke established the Charlotte-based Duke Endowment with a gift of $40 million. Of the original donation, $6 million went to Trinity College, which became Duke University, and the remaining money was invested, with its income awarded to educational, health care, religious and child care organizations in North

and South Carolina. Now, more than 80 years and $2 billion in grants later, the Duke Endowment has not been able to escape the turbulent economy unscathed. The Duke Endowment pledged almost $57 million in 185 new grants to North and South Carolina institutions in 2009. Along with money allocated to continuing multi-year projects, the foundation distributed about $105 million last year.

The total amount awarded in 2009, including money donated for both new grants and ongoing projects, dropped about $57 million from the $162 million given in 2008, said Jeri Krentz, assistant director of communications for the Duke Endowment. In addition, the 2009 figure for new grants decreased approximately $148 million See Endowment on page 6

Flogging Molly, two more to join Jay Sean by Ray Koh and Lindsey Rupp THE chronicle

Jay Sean and Flogging Molly will deliver some European flavor to the Last Day of Classes festivities this year. LDOC committee co-chairs Liz Turner and Christie Falco, both seniors, announced Tuesday afternoon that R&B artist Jay Sean and Irish rock band Flogging Molly will co-headline this year’s LDOC concert, scheduled for April 28 at 6 p.m. Pop-rock band Rooney and ska band Big D and the Kids Table will open the show. LDOC is an annual free event sponsored by the LDOC committee and open to the entire Duke community, including undergraduate and graduate students, faculty and staff. The event is not open to the public and extra measures will be taken this year to ensure the safety of students and the campus, Turner said. For example, all Duke students must have their DukeCards with them throughout the entire event. “We took those measures because we

graphic by lisa du and hon lung chu/The Chronicle

source: the duke endowment

DSG PRESIDENTIAL CANDIDATE // Will Passo

Passo seeks to create a ‘new Duke’ for students by Matthew Chase THE CHRONICLE

Duke has seen significant change in the last 20 years, but for Duke Student Government presidential candidate Will Passo, the “new Duke” has not yet come to fruition. For Passo, that new Duke will include more civic engagement activities in Durham, an increased awareness of lesbian, gay, bisexual and transgender michael naclerio/The Chronicle issues and continued Student Duke Student Government presidential Organization Finance Comcandidate Will Passo, a junior, is cammittee reform to make receivpaigning on the theme of a “new Duke.” ing funding easier for student

Blue Devils welcome No. 1 Wildcats, Page 9

Lineup for LDOC finalized

groups. “You can point to things like DukeEngage, the campus in China, the creation of the new Sanford School [of Public Policy] and you can really point to how Duke has asserted itself on the national stage and asserted itself on the international stage,” said Passo, a junior and current DSG vice president for Durham and regional affairs. “But I think until we make core changes with student life and the undergraduate experience, then elements of See Passo on page 8

See LDOC on page 8

Pres. Obama signs landmark health bill By Roger Runningen The Washington Post

WASHINGTON, D.C. — Marking a victory that appeared beyond reach two months ago, President Barack Obama signed into law Tuesday a sweeping rewrite of health-care policy that will touch every American and affect onesixth of the economy. “Today, after almost a century of trying, today after over a year of debate, today after all the votes have been tallied, health insurance reform becomes law in the United States of America,” Obama said before putting his signature on the measure. The East Room, the largest in the White House, was packed for the ceremony with Democratic lawmakers who supported the bill

ONTHERECORD

“Trust me, if I were my boss I would’ve rather hired a...team.”

­—Second-year biology student Inderpreet Jalli on GPSC’s decision to have students redo its Web site. See story page 4

and advocates for the cause of revamping the health-care system. They included Victoria Kennedy, the widow of Senator Edward Kennedy, who made enacting the legislation one of his central goals. Obama spent a year and much of his political capital pushing the legislation through Congress. That struggle, which some Democrats have compared to the fight for civil rights legislation in the 1960s, is likely to shape Obama’s presidency as well as the makeup of Congress next year. The law passed Congress without getting a single Republican vote, a partisan divide that promises to make health care the defining issue in November’s elections. See health care on page 7

Duke pounds Dartmouth in home victory, Page 9


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