The Fordham Ram Serving The Fordham University Community Since 1918 Volume 101, Issue 21
FordhamRam.com
November 20, 2019
College Political Groups Debate
Angel Fund Invests in Student Businesses
By JULIA AGOS
By HELEN STEVENSON
CONTRIBUTING WRITER
While the rest of the world has their eyes glued to cable news coverage of impeachment proceedings, the Fordham College Democrats and Republicans managed to steer clear of the topic during their twice-annual debate. Instead, they swapped ideas on issues like climate change, Brexit, immigration and the Senate filibuster. The last 20 minutes of the debate were dedicated to a “bipartisan issue”: the filibusters allowed on the Senate floor. Debaters took their places, one member from the College Republicans and one member from College Democrats on either side of the stage. Fordham College Democrat President Michael Fissinger, FCRH ’21, said the groups decided to address the fillibuster in an effort to debate a traditionally bipartisan issue.
SEE DEBATE, PAGE 7
NEWS EDITOR
JENNIFER HOANG/THE FORDHAM RAM
The College Democrats hosted Ben Rhodes for a speaker event in Keating First last Thursday.
Ben Rhodes Discusses Tenure as Senior Advisor to President Obama By SOPHIA GIATZIS
CONTRIBUTING WRITER
The College Democrats hosted Ben Rhodes on Thursday, Nov. 14, for a speaker event in Keating First. Rhodes spoke about the international order outside of the United States, relating it to American democracy and
the House impeachment hearings into President Donald J. Trump this week. Rhodes worked as a senior advisor to President Barack Obama, beginning as a speechwriter in 2007 and serving as his deputy national security advisor for two presidential terms. In 2018, he published his New York Times bestselling book, “The World as It Is,” dis-
cussing the most important moments of Obama’s presidency. He is currently a regular political commentator for MSNBC and cohosts a podcast, Pod Save the World. Rhodes, along with his cohost, Tommy Vietor, discuss foreign policy and global issues. SEE RHODES, PAGE 7
Tax Data Reveal Economic Mobility By ERICA SCALISE and KRISTEN McNERNEY
JESSICA PELAYO/THE FORDHAM RAM
Jeffrey Pelayo, FCRH ’21, represented FUPAC in the annual Mr. Philippine-Island pageant and won.
FUPAC, Jeffrey Pelayo Wins Annual Mr. Philippine-Islands Pageant By MAGGIE ROTHFUS COPY CHIEF
On Sunday, Nov. 17, at Columbia University’s Roone Arledge Auditorium, Fordham University Philippine-American Club (FUPAC) won the annual Mr. Philippine-Islands
(PI) pageant through Jeffrey Pelayo, FCRH ’21. The annual event hosts Philippine-American clubs from 20 New York–New Jersey schools in the third district of Filipino Intercollegiate Networking Dialogue (FIND), a nonprofit that unites Filipino American students.
The competition celebrates Filipino culture and includes three categories: the Barong walk, culture and talent. Following the three main events is a question and answer portion for the top five contestants. The show opens with an introductory SEE MR. PI, PAGE 6
Analysis based on millions of anonymous tax records by the Upshot, The New York Times’ data subsite, found that Fordham students are, on average, wealthier when entering the university than they are later in life. Upon entering Fordham, the average student is in the 78th income percentile in New York state and in the 72nd income percentile as a postgraduate, around age 34. The study is part of a larger analysis on economic diversity and student outcomes which recognized Fordham as a university with one of the highest mobility rates, a ranking that measures the chance a lower income student has to become a higher income adult and whether recent graduates’ income brackets will surpass their parents’. A similar report by the Chronicle for Higher Education ranked Fordham number 10 of 40 private four-year instiSEE MOBILITY, PAGE 6
The university has dedicated $100,000 to the Fordham Foundry for the Fordham Angel Fund (FAF), an organization that will provide graduate and undergraduate students with a source of funds to grow their businesses. The Foundry will make individual investments of up to $25,000 exclusively for active student entrepreneurs at the university. According to Albert Bartosic, executive director of the Fordham Foundry, FAF uses a traditional venture-capital process, in which student businesses are evaluated by a team of investment committee professionals from outside the university. This team consists of five venture capital professionals, including Vipin Chamakkala, Bronson Lingamfelter, Kevin McQuillan, Donna Redel and Jerome Wong. “What we want to offer students is a real ‘venture capitalist’ experience,” Bartosic said. “So, if you want to get funding from a venture capitalist, there are certain steps you will need to take. You have to have a business, you need a pitch, you need to go to an investment committee and you need to convince them about the efficacy of your business.” Bartosic said the FAF has the ability to recreate this process and allows students to obtain funding for their business while building Fordham’s ecosystem around entrepreneurship. The FAF accepts applications on a rolling basis with no formal deadline, but the first meeting of the investment committee will be in January 2020. The first group of potentially investable companies will go before the committee in February. FAF is looking to make its first investments in March and seeks to invest in one to four companies. SEE FAF, PAGE 5
in this issue
Opinion
Page 9 Why Indigenous Peoples Day and Columbus Day are Irreconcilable
Sports
Page 24
Women's Basketball Stands 3-0
Culture
Page 18
The Jetes Prepare for Their Fourth “Nutcracker”