FRIDAY • OCTOBER 28, 2011
THE STUDENT NEWSPAPER OF THE UNIVERSITY OF CHICAGO SINCE 1892
CHICAGOMAROON.COM
ISSUE 9 • VOLUME 123
Suspect in custody for gunpoint mugging on quad Rebecca Guterman Associate News Editor On Monday evening the University of Chicago Police Department (UCPD) arrested the man suspected of robbing a U of C student at gunpoint on the main quad two weeks ago. Police charged 18-year-old Edward Davis, a resident of the 5400 block of South Dorchester Avenue, with the armed robbery of a student’s iPhone and backpack at 12:06 a.m. on October 10, with two other male accomplices. He was found with the student’s iPhone, according to the Chicago Police Department (CPD). UCPD spokesperson Robert Mason said Davis did not have a handgun on him at the time of the arrest. Davis was identified with the help of video cameras in the quad’s emergency phones and the cooperation of the victim. Because he was caught on camera, patrolling UCPD officers knew what Davis looks like, and identified him when they recognized him, Lynch said. According to UCPD spokeperson Marlon Lynch, Davis may be implicated in other armed robberies, which the CPD is investigating. “He is a suspect in other pending investigations for armed robbery in the Hyde Park–South
Kenwood community,” Lynch said. Davis was put in a police lineup before being charged. He appeared in Central Bond Court on Wednesday, a CPD spokesperson in an e-mail. Davis will be put in a lineup for other cases in which he could be a suspect, according to Perez. “He’ll most likely be held in other lineups, and if he’s identified he’ll be charged in those cases,” Perez said. CPD said they could not release a mug shot because it might compromise the investigation of detectives in the Chicago Police Area where the crime happened, which covers precincts 2, 7, 8, 9, and 21. Students say that the arrest does not change how safe they feel on campus. “It was kind of shocking that it happened on the quad. That and the other crime that night, [on] 57th and Dorchester, are places I wouldn’t have minded walking late at night,” second-year Kavya Minama Reddy said. “The arrest doesn’t necessarily make me feel safer.” First-year graduate student Chris Corrillie said that he had not heard of the arrest, but that his bicycle was stolen the same night as the armed robbery and that he had hoped CPD would SECURITY continued on page 4
Trick or treat The son of a University employee paints a pumpkin in McCormick Tribune Lounge for Family Fun Night, organized by the Reynolds Club Halloween Program. SYDNEY COMBS | THE CHICAGO MAROON
University to take on $200 million in debt Harunobu Coryne News Editor The University is looking to take in up to $200 million in new debt to finance a number of construction projects and renovations around the city. Among the funded projects are the construction of the upcom-
ing 265,000-square-foot William Eckhardt Research Center, renovations to the Booth School of Business’s Gleacher Center, and the Lab School campuses on 59th Street and Stony Island Avenue, and purchasing new property near Lake Calumet. Steve Kloehn, a University spokesperson, said that universi-
ties routinely issue debt to finance both major projects and normal operating costs. “The issuance of debt is not necessarily connected to a single project. I don’t want to create a false linkage there in the timing [of the proposal],” Kloehn said. “The issuance of debt is a fairly routine DEBT continued on page 4
Charter schools in mind if UCPD expands coverage Booth: Americans mad as hell
Chicago mayor Rahm Emanuel is proposing to close the 21st District police station at 29th Street and Prairie Avenue. Most of the Hyde Park-Kenwood neighborhood is within the 21st District. NICHOLAS SHATAN | THE CHICAGO MAROON
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Jonathon Lai News Editor
Kelsey Reid News Contributor
The UCPD is preparing a proposal to expand its coverage to include all four University of Chicago Charter Schools. If the new coverage area were to be approved by the City Council, UCPD would add three new sections to its jurisdiction, expanding the area where it can intervene in crimes. Each of the new zones is no bigger than a two-block radius around three of the charter schools. The expansion, which was included in a Memo of Understanding signed between the University and the City of Chicago over the summer, is not designed to expand the University’s reach in surrounding neighborhoods, according to UCPD spokesperson Bob Mason. “It’s not intended to really expand University patrol coverage, as has been done in the past in Woodlawn,” Mason said. “The reason for the expanded coverage of these schools is safe passage.” Mason added that the expanded patrol
It may be almost three years since the financial crisis of 2008, but public anger and mistrust of government financial institutions are at their highest levels in years, according to a leading survey copublished by the Booth School of Business. Just 23 percent of respondents say they trust the country’s financial systems, down from 25 percent last fiscal quarter, according to the most recent Financial Trust Index, a quarterly survey conducted jointly by the Booth School and Northwestern University’s Kellogg School of Management. Americans are particularly distrustful of banks, which only 33 percent of respondents trust, down from 39 percent last quarter. This drop was greater than the decreases in trust of the stock market, mutual funds, and large
UCPD continued on page 2
corporations. The Index, which began in December 2008, surveys 1,000 Americans at the end of each quarter. “Banks got favors from the government but were not held accountable for laws they broke or actions not taken,” said Luigi Zingales, co-author of the Index, and Robert R. McCormack, professor of entrepreneurship and finance at Booth. Public trust is lowest for banks that received stimulus money. Second-year Paul Kim, a member of the activist group Southsiders Organized for Unity and Liberation, said these banks have not allocated the resources they received appropriately. “We need to be looking at the political power financial institutions have and fight back for ordinary people’s interests so they are not put aside for the short-term BANKS continued on page 3
IN ARTS
IN SPORTS
Frightening times for horror flicks » Page 7
UAAs come to Montrose Harbor » Page 12
Steppenwolf spotlight on U of C alum » Page 7
Maroons attempt to solve Case Western » Page 12