News: In Memoriam of Lemon White Page 6
Opinion: Soleimani assassination Sports: Jamie Newman transfers to UGA reflects imperial policies Page 9 Page 7
Life: Uncut Gems is a chaotic film starring Adam Sandler Page 14
Old Gold&Black
WAKE FOREST’S STUDENT NEWSPAPER SINCE 1916 VOL. 106, NO. 14
T H U R S DAY, JA N UA RY 16 , 2 0 2 0 “Cover s the campus like the magnolias”
Deacons fall to Michigan State After an impressive season, the football team pulled up short in the Pinstripe Bowl, losing 27-21
Photo courtesy of Michael Noble Jr for the Winston-Salem Journal Graphic by Lillian Johnson/Old Gold & Black
BY RAFAEL LIMA Staff Writer limara17@wfu.edu At the legendary Yankee Stadium, Wake Forest’s (8-5) three-straight bowl game winning streak came to an end after the Deacs lost 27 – 21 to the Michigan State Spartans (76) in the Pinstripe Bowl on Dec. 27. In a game that had everything from a Spartan defensive lineman pick-six to a one-handed, 16-yard touchdown catch by Wake Forest true freshman receiver Donavon Greene, the Deacs ultimately came up short on a few plays. The Spartans were powered by an outstanding performance from senior quarterback Brian Lewerke on his final game leading the Michigan State offense. He threw for 320 yards and a touchdown while completing 70.27% of his 37 passes. Lewerke, and the Michigan State offense as a whole, continuously frustrated Wake Forest’s comeback attempts with timely, big plays down the stretch. All Wake Forest touchdown drives were subsequently matched by a Michigan State field goal or touchdown. Despite Michigan State’s big plays, the Demon Deacons still found themselves in multiple positions that would allow them to win the game. Ultimately, they were incapable of capitalizing on those opportunities. No sequence of play exemplifies this better than late in the fourth quarter when Lewerke had a 24-yard run on second and 17 to Wake Forest’s 16-yard line with 3:50 left on the clock. The run would set up an easy field goal to put the Spartans up two scores and effectively end the game. Instead, junior kicker Matt Coghlin missed the 28-yard field goal attempt, giving the ball back to the Demon
Deacons with 2:57 left in the game and down by six. What followed was an incomplete pass by junior quarterback Jamie Newman, a sack that knocked him out of the game for the last two plays and two slightly-off throws by sophomore backup quarterback Sam Hartman that sealed Wake Forest’s fate. After being handed a chance to win the game with a last-minute touchdown, the Deacs failed to muster a single first down. In what was a rather remarkable campaign by the football team in 2019, the loss to Michigan State will mark a sour end to the season for many Wake Forest fans. Reaching its fourth-straight bowl game under Head Coach Dave Clawson (a school record), winning the North Carolina Big Four championship and cracking the College Football Playoff Top 25 for the first time in school history are all accomplishments to be proud of.
See Deacons, Page 9
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Managing an endowment requires eco-consciousness In the era of climate change advocacy, universities like Wake Forest must invest responsibly BY ISABELLA KORNITSKY Contributing Writer kornik16@wfu.edu When it comes to a university’s endowment, a large increase in capital comes with an increase in visibility and responsibility in managing that money. Launched in 2013, the Wake Will Lead campaign promised opportunity in education by attempting to raise $600 million. In October, the campaign surpassed its $1 billion fundraising milestone. With this elevated endowment, the university now has the financial backing to better address current challenges. In the age of climate change, this means aligning the endowment with the values of climate action leadership already visible on campus. Higher education communities across the country push for climate leadership in managing university endowments. Although the university’s endowment does not maintain any fossil fuel investments, fossil fuel divestment campaigns are prominent at many universities, such as Harvard, which still invests despite criticism. In 2013, the then-president of Harvard University, Drew Faust, announced that Harvard’s $33 billion endowment “is a resource, not an instrument to propel social or political change.” At Wake Forest, a campus with a highly visible Office of Sustainability and other sustainability initiatives, the endowment is managed by Verger Capital Management, an Outsourced Chief Investment Officer (OCIO). While Verger seeks to align its mission with that of the university, specifically when it comes to sustainability and environmental, social and governance (ESG) investing, the question remains whether it is enough. Sustainability advocates argue that, in light of the current climate crisis, the influence provided by a large endowment gives a prestigious university like Wake Forest an opportune platform to lead. Verger’s Chief Executive and Investment Officer Jim Dunn formerly managed Wake Forest’s endowment internally as the vice president and chief investment officer. In 2014, driven by efforts to cut expenses through sharing operational costs with other endowments, the Board of Trustees voted to engage Verger as an OCIO.
See Climate, Page 4