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FEBRUARY 26, 2016

THE INDEPENDENT STUDENT NEWSPAPER OF THE UNIVERSITY OF CHICAGO SINCE 1892

UCMC TAKES

UChicago Has Highest Freshman Retention Rate, Says U.S. News BY FENG YE NEWS STAFF

The University of Chicago, along with Columbia University, has the highest fi rst year retention rate among ranked U.S. universities and liberal arts colleges, according to U.S. News. A total of 1,354 schools were included in the “Freshmen Retention Rate” college ranking. The retention rate of the University of Chicago far exceeds the average for most colleges. For students who entered in the fall between 2010 and 2013, the average freshmen retention rate at the University of Chicago was 99 percent. The ACT Institutional Data Questionnaire, an annual online survey of information collected from two-year and four-year postsecondary institutions, found that an average of 64.2 percent of full-time, first-time students who started school in fall of 2013 returned in the fall of 2014 to pub-

lic institutions and 70.2 percent returned to private universities and colleges. The reasons for not returning to college, according to U.S. News, include family problems, loneliness, academic struggles, and a lack of money. For the University of Chicago, transfer does not appear to be one of the reasons. Zero percent of students transferred to other universities or colleges for cohort 2008, according to data in the University Registrar’s Graduation Rate Survey 2014–15. Graduation rate for students at the University, however, is lower than the freshmen retention rate by more than 10 percent. The four-year graduation rate for students who started in fall 2008 is 87% at the University of Chicago, compared to 90% at Columbia University. In “Highest 4-Year Graduation Rates” of U.S. News, the University of Chicago ranks sixth.

SENIOR NEWS REPORTER

Standard & Poor’s, a financial services company that rates the financial outlook for businesses and other institutions, downgraded the University’s credit rating one grade to AA- due to elevated debt and operating deficits. Moody’s and Fitch, two other financial rating services, affirmed the University’s Aa2 and AA+ bond ratings, respectively. All three credit ratings are classified as “stable” by the rating services, and despite the downgrade from Standard & Poor’s, are used to describe high-quality and low-risk outlooks. A bond is a type of security that essentially functions as an IOU. Investors loan money to corporate entities, and then collect the money back with interest. According to the report by Standard & Poor’s, the University has persistent op-

The Country Doth Protest Too Much Page 6 As India’s youth rises up in protest, the government abandons its ideals in response.

STEPS TOWARD TRAUMA CENTER BY PETE GRIEVE NEWS STAFF

year. The teach-in was held in two parts. It began with an overview of the competing contracts by Michael Meng and the Campus Dining Advisory Board (CDAB). Although Meng could not reveal any specifics about each company’s contract due to their proprietary nature, he emphasized that regardless of which caterer the University chose, the dining system would undergo massive changes in the upcoming year. “Aramark’s [contract] will be about $2 million more expensive [than it is currently], Sodexo’s will be the cheapest, and Bon Appétit will be about $1 million more expensive,” Meng said. He then went on to say that although those numbers are large, all the options are still feasible and speak directly to

Last week, University of Chicago Medicine announced that it has submitted for state approval a $269 million proposal to build a Level I adult trauma center on campus, to expand and relocate its emergency room, and to convert Mitchell Hospital into a cancer hospital. UChicago Medicine expects the Illinois Health Facilities and Services Review Board (IHFSRB) to hold a hearing on the plan in May. In September, UChicago Medicine announced a $40 million investment in a joint plan with Sinai Health System to bring a Level I adult trauma center to Holy Cross Hospital, located at West 68th Street and South California Avenue. The announcement followed years of protests from the Trauma Center Coalition (TCC), which had urged the University to bring a Level I trauma center to the South Side since 2010. In December, UChicago Medicine abandoned that plan, announcing a new proposal to bring an adult trauma center to its Hyde Park campus and to expand its emergency room. UChicago Medicine’s most recent press release regarding its application to the IHFSRB indicates that the plan has since expanded even further to include a redesign of Mitchell Hospital, currently an adult inpatient care facility at 5841 South Maryland Avenue, into a dedicated cancer center. The press release pitches the three components of the expanded plan, dubbed “Get CARE,” as essential to giving South Side residents access to “integrated” specialty care. “This Project has three related and interdependent components, each of which is necessary for the success of the other two,” reads UChicago Medicine’s certificate of need application to the IHFSRB. Some critics are concerned that combining the trauma center proposal with the hospital’s broader plans for expansion will complicate the state approval process.

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Van Gogh Under the Covers at the Art Institute of Chicago

Squad Will Make Case for Playoff Bid Against Rival Wash U

Contributing to the Maroon

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Back page

Van Gogh’s greatest skill was shining beauty and interest on the ordinary.

The game against the Bears will be the culmination of a memorable season.

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Standard & Poor’s Downgrades University’s Credit Rating to AABY KATHERINE VEGA

VOL. 127, ISSUE 31

erating deficits and will most likely accumulate more debt in 2017. According to Fitch, “UChicago’s ‘AA+’ rating primarily reflects its international reputation for academics, research and patient care; strong demand characteristics and exceptional student quality, as well as substantial balance sheet resources and demonstrated fundraising prowess.” However, the report also noted that increased debt is keeping the credit rating from being as high as it could be. In an effort to boost its academic ratings, the University has increased its debt in the years since the recession, unlike most peer institutions that downsized or postponed projects. Joseph Neubauer, chairman of the University of Chicago’s Board of Trustees, said in a statement that the University’s balance sheet is strong and that it has reduced risk in its endowment. He also Continued on page 3

MSNBC

Senator Bernie Sanders (left) responds to a question by Hardball host Chris Matthews.

The Bern Returns BY ANNIE NAZZARO DEPUTY NEWS EDITOR

Democratic presidential candidate Bernie Sanders (A.B. ‘64) was interviewed by Chris Matthews for MSNBC’s Hardball College Tour on Thursday night at the Quadrangle Club. About 150 students attended the event, which was hosted by the Institute of Politics (IOP). Matthews’s questions focused on the sticking points of Bernie Sanders’s campaign, including

his strength in foreign policy, how the government would pay for the social programs that Sanders has suggested, and how he would reach minorities. “Damn right I can do what I say,” Sanders said, when Matthews questioned his ability to follow through on campaign promises. “One of the reasons I’m running for president…is to transform American society, to take on a corrupt campaign fi nance Continued on page 4

RSOs Host Ethical Dining Teach-In BY ISAAC EASTON NEWS STAFF

On Tuesday night, students gathered in Cobb Hall to discuss the University’s upcoming dining contract referendum and the ethical dining practices surrounding it. The four student organizations involved with the teach-in were UChicago Climate Action Network (UCAN), the Fight for Just Food (FfJF), Phoenix Sustainability Initiative (PSI), and University of Chicago Animal Welfare Society (UCAWS). Aramark is undergoing a periodic review as the University’s sole food provider on campus. As part of this process, the University has invited two new catering firms, Sodexo and Bon Appétit, to submit contract proposals for the upcoming

Sem Co-Op Gets to the Heart of de Kerangal’s Newest Novel Page 8 “Manipulating language is manipulating time...”

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Excerpts from articles and comments published in T he Chicago Maroon may be duplicated and redistributed in other media and non-commercial publications without the prior consent of The Chicago Maroon so long as the redistributed article is not altered from the original without the consent of the Editorial Team. Commercial republication of material in The Chicago Maroon is prohibited without the consent of the Editorial Team or, in the case of reader comments, the author. All rights reserved. © The Chicago Maroon 2016


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