101111 Chicago Maroon

Page 1

TUESDAY • OCTOBER 11, 2011

ISSUE 4 • VOLUME 123

THE STUDENT NEWSPAPER OF THE UNIVERSITY OF CHICAGO SINCE 1892

CHICAGOMAROON.COM

Mass corporate protests draw student activists Quinn: U of C a ‘model’ for Chicago schools Harunobu Coryne Associate News Editor Hundreds of Chicago’s most prominent minority- and womenbusiness owners poured into the Quadrangle Club last night for the University’s third annual Business Diversity Symposium, where Governor Pat Quinn hailed the U of C’s strategy for improving diversity among its contractors as a model for colleges statewide The crowd of 235 included local politicians and officers from several influential law firms, investment houses, and publishing companies. Quinn lauded the University’s work in reaching out to minorityand women-owned businesses.

“We have some big schools [in Chicago], like Northwestern, Loyola, Depaul, and ITT, and everybody may have their own approach, but [the University of Chicago’s] model really looks at outcome—outcome, as in how many businesses actually get to do business at the University of Chicago?” Quinn said in an interview after his speech. “The model is based on face-to-face contact, [on] personal relations, so that people can know what the rules are.” The event, hosted annually since 2009, has led to some highly lucrative contracts with money managers and other minority- and women-owned professional service providers—companies, like recentQUINN continued on page 3

Once rebuffed, students press for ethical investments A protester in Saturday’s Occupy Chicago rally chants at Lasalle and Jackson, where Bank of America’s office, the Federal Reserve Bank of Chicago, and the Chicago Board of Trade are located. DARREN LEOW | THE CHICAGO MAROON

Linda Qiu Senior News Staff Dozens of U of C students joined more than 7,000 protesters in five different marches downtown yesterday as part of Take Back Chicago, a week-long series of marches organized by the Occupy Chicago movement.

More than 30 University students from several activist groups were among the mass of demonstrators that shut down traffic on South Michigan Avenue from East Balbo Avenue to the steps of the Art Institute of Chicago. “What we’re doing here is a great thing,” fourth-year Kelvin Ho, a member of activist groups Students Orga-

nizing United with Labor (SOUL) and Southside Solidarity Network (SSN) and one of Occupy Chicago’s organizers, said. “There aren’t many venues and forums where a lot of people from different backgrounds can come together and talk about political issues that affect them. If you want a PROTEST continued on page 3

Marina Fang News Contributor Five months after students voted for its creation, a committee aimed at monitoring controversial University investments is rethinking its strategy. The Socially Responsible Investment Committee (SRIC), which emerged from a student-run campaign last spring, aims at challenging the University’s investment policy. The SRIC would review University investments, making sure that they

met certain ethical standards. Although the referendum authorizing the SRIC passed with over 80 percent student approval last spring, fourth-year Nakul Singh, one of the students who spearheaded the campaign, says there are serious issues that University officials must reconcile in order to create the committee. The first is that the U of C continues to stand by the Kalven Report, which “asserts the neutrality of the University as an institution,” according to SRIC continued on page 4

Becker Friedman economist makes for 87th Nobel

COURTESY OF JOE STERBENC

William Fernandez News Contributor Former faculty member and current Becker Friedman Institute Visiting Lecturer Thomas J. Sargent was awarded the 2011 Nobel Prize in economics Monday morning, making him the 87th University affiliate to receive a Nobel Prize.

TUES

WED

79° 60°

74° 59°

THURS 63° 51°

FRI 59° 47°

Temperatures in Fahrenheit - Courtesy of The Weather Channel

Sargent, who was the Ford Foundation Visiting Research Professor in Economics from 1976 to 1977 and the David Rockefeller Professor in Economics from 1991 to 1998, shares this year’s prize with Christopher Sims of Princeton University. According to a Nobel Prize Committee press release, Sargent and Sims share the award “for their empirical research on cause and effect in the macroeconomy.” Both recipients have worked independently on economic analysis to better understand the importance of people’s expectations of economic policy. Sargent is most well-known for his insights into structural macroeconomics, analyzing permanent changes in economic policy. Sargent is the 26th University affiliate to win the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel since the award’s inception in 1969. “I am thrilled and excited that Sargent and Sims received the prize. This was long overdue and is much deserved,” Chairman of the Economics Department Harald Uhlig said in an October 10 press release.

David Rockefeller Distinguished Service Professor of Economics and the College Lars Peter Hansen, a former student of both award recipients and current research director of the Becker Friedman Institute, also praised the pair’s work in the same release. “Among many other insights and contributions, their work helps us understand the effects of monetary and fiscal policy on economic activity. Methods they developed have inspired a large and influential body of research, including my own,” Hansen said in the press release. Sargent, who now teaches at New York University, is a Distinguished Fellow at the Becker Friedman Institute. He came to campus last year as a Visiting Fellow during spring quarter and plans to return to the University this coming spring as part of his three-year appointment as Distinguished Fellow. Sargent is the second University affiliate to win a Nobel Prize this year; Bruce Beutler (M.D. ‘81) won the Nobel Prize for Physiology or Medicine last week.

Don’t Suet it A worker cleans the glass on Mansueto library in preparation for Tuesday’s dedication ceremony. KELLY FRYE | THE CHICAGO MAROON

IN ARTS

IN SPORTS

Clooney’s campaign isn’t personal; it’s just politics » Page 8

Seeing the way » Page 12

Nancy Holt goes inside the great outdoors » Page 8

Family inspires visually-impaired runner to go the distance at the Chicago Marathon.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
101111 Chicago Maroon by The Chicago Maroon - Issuu