February 9, 2011 issue

Page 1

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, FEBRUARY 9, 2011

ONE HUNDRED AND SIXTH YEAR, Issue 93

www.dukechronicle.com

Bair: recession a failure of accountability

UNC

DUKE

CAMERON • TONIGHT • 9 p.m. • ESPN

GAME TIME

by Alex Zempolich THE CHRONICLE

In her visit to Duke, the chairman of the Federal Deposit Insurance Corporation recalled failures that led to the financial crisis and offered suggestions for avoiding similar problems in the future. Sheila Bair, who was elected chairman of the FDIC in 2006, noted in a panel discussion Tuesday that a strong moral compass and sense of a responsibility would have gone a long way in avoiding the financial crisis. In the aftermath of a downturn intensified by failures of accountability, Bair and other panelists stressed the role of education in promoting business ethics and future crises. “I think everybody could have seen [the recession] if they were looking, but they were looking the other way,” Bair said. “There was a systematic breakdown in accountability.” Complementing the idea of vigilance in business, the panel criticized the common perception that regulation is harmful—an issue Bair consistently encounters in her position. “Culturally, we see regulation as an annoying thing,” Bair said. “I think public support for the regulatory practices is very

Outright lead in ACC up for grabs tonight by Tim Visutipol THE CHRONICLE

Students in the class of 2009 never felt the joy of a home win over rival North Carolina in Cameron Indoor Stadium. Last season, fans saw a much different story than the seniors from a year ago. Duke demolished the Tar Heels, 82-50. Tonight, the No. 5 Blue Devils (21-2, 8-1 in the ACC) have a chance to keep the bragging rights and the balance of power here in Durham, when they face off against No. 21 North Carolina (17-5, 7-1) at 9 p.m. in Cameron Indoor Stadium. The stakes are higher this year than the last. The outright lead in the conference is up for grabs, and Duke will take on its first ranked opponent since beating then-No.6 Michigan State on December 1st. See duke-unc on page 12

See bair on page 4

GRaduate YOung trustee finalist

undergraduate young trustee finalist

Makaron to use financial Davis stresses globalization, skill to build Duke brand draws on board experience by Nicole Kyle

By Stephanie Tsimis

As a former manager of the men’s basketball team and a current Fuqua student, Joshua Makaron is no stranger to the Duke brand. Makaron would like to continue to be a part of the ongoing development of that brand as a graduate Young Trustee. “I would love the opportunity to serve my peers to ensure that the graduate student perspective is conveyed as accurately as possible in the University’s decisionmaking process, with an eye towards building the brands of all of Duke’s programs in an increasingly competitive marketplace,” Makaron wrote in an e-mail Tuesday. The second-year MBA candidate concentrating in social entrepreneurship and finance is one of three finalists in the race for the

If elected Young Trustee, Matt Davis strives to enable students to benefit from their time at Duke even more than he has. Former president of Wayne Manor and a member of The Duke Student Publishing Company Board of Directors, Davis believes that his classroom, boardroom and organizational experiences prepare him to bring a unique perspective and impact to Board of Trustees meetings. “I’ve gotten a lot from Duke. It’s been a place where I’ve been presented with a lot of opportunities to grow. I want to make sure that those opportunities are present and available to students who follow after I leave,” Davis said. The senior will graduate with a major

See makaron on page 4

See davis on page 5

THE CHRONICLE

tyler seuc/The Chronicle

A second-year MBA student at the Fuqua School of Business, graduate Young Trustee finalist Josh Makaron looks to establish a “culture of entrepreneurship.”

DSG reviews programming in K-ville, Page 3

THE CHRONICLE

ONTHERECORD

“You don’t aspire to be like everyone you admire, but you admire everyone you aspire to be like.”

­—Senior Daniel Wong in “Are you doing too much good?” See column page 14

maya robinson/The Chronicle

Undergraduate Young Trustee finalist Matt Davis hopes to make New Campus a priority and continue to build on Duke’s globalization efforts.

Durham unemployment rate lower than state level, Page 3


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