02-08-2012

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SDSU rides sustainable wave Conference to highlight sustainability in the surf industry

WEDNESDAY February 8, 2012 Volume 97, Issue 69 W W W.T H E D A I LYA Z T E C . C O M

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SDSU’S INDEPENDENT STUDENT N E W S PA P E R SINCE 1913

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Arturo Garcia staff writer The San Diego State Center for Surf Research is hosting a major surfing conference this weekend. The seminar will be an occasion to learn about sustainability initiatives in the surf industry, according to the Center’s director, Dr. Jess Ponting. “It is a great opportunity to mix and mingle with inspired and inspiring people affecting positive social and environmental change through their involvement with surfing,” Ponting said. The Center for Surf Research was inaugurated last fall. Ponting, also an assistant professor of sustainable tourism, holds the world’s first PhD focused on sustainable surf tourism management. The conference is titled “Surfing’s New Aloha: The Growing Trend of Giving Back.” Ponting said the conference’s purpose is to raise awareness about the issues of coastal environments. The event will be held for two nights. The first will be a screening of the film “Manufacturing Stoke” at 7 p.m. on Friday in Hardy Tower 140, with the film’s director and producer present to answer questions. The main event will take place from 9 a.m to 5 p.m. on Saturday at the Parma Payne Goodall Alumni Center. According to Ponting, there will be numerous presentations, as

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DUSTIN MICHELSON, STAFF PHOTOGRAPHER

well as a film screening, followed by a question-and-answer period with the filmmakers. One of the presentations focuses on the protection of whales, dolphins and marine life. According to “Surfers for Cetaceans,” the group is committed to activating “ocean-minded” people everywhere to support the conservation and protection of marine animals. A presentation named “A Case Study

in Corporate Philanthropy” will showcase the work of “Waves for Development.” According to the organization, surf travel should benefit the people and the communities where the travel is located. Projects of sustainable construction, recycled equipment from everyday waste and humanitarian work are among the prevalent themes that will be displayed, according to Ponting.

The closing exhibition will be the film “Minds in the Water,” with the film’s stars Dave Rastovich and Chris del Moro speaking alongside the director, executive producer and screenwriter. The cost is $15 for students, which includes both films, parking and lunch on Saturday. Students may register for tickets at cvent.com/d/9cqk1r/1Q. “It will showcase what we see as a growing trend against something increasingly catastrophic,” Ponting said.

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Court of appeals overturns Prop 8 Banning same-sex marriage declared “unconstitutional” Hutton Marshall news editor Yesterday, the 9th U.S. Circuit Court of Appeals ruled Proposition 8 unconstitutional. The decision is expected to be contested in the U.S. Supreme Court. Meanwhile, an uproar of commotion of the issue has erupted on both sides. Advocates of Faith and Freedom, a nonprofit law firm that claims to spe-

cialize in “protecting religious liberty in the courts,” released a statement today on its website claiming the overturn is unconstitutional. “The people of California first voted to preserve marriage between one man and one woman when it adopted Proposition 22 in 2000. The California Supreme Court overturned this initiative in 2008 and declared a new right to same-sex marriage. The voters quickly responded with the successful passage of Proposition 8, a constitutional amendment. Today, the 9th Circuit ruled in opposition to the People of California,” AFF wrote. Supporters have not been quiet either. Lt. Gov. Gavin Newsom

Wall Street recap Stocks started the week slightly down, with the Dow Jones industrial average down 17 points at 12,845, the Standard & Poor’s 500 down a fraction of a point at 1,344 and the Nasdaq off by three points at 2,901. Shares traded lower on Tuesday with the DJIA down 0.2 percent at 12,819, the S&P 500 down a half percent at 1,336 and the Nasdaq off 10 points at 2,891.

FINANCE BEAT

Facebook submits IPO paperwork Facebook filed a $5 billion initial public offering last week, launching the social media network into the Wall Street public trading arena. The stock will not be available for trading for another three to four months. Specific details are expected to surface in the upcoming weeks regarding how much individual shares will be worth.

praised Judge Vaughn Walker’s heavily researched decision. “The fundamental civil rights movement of our time is now processing along at a renewed pace, with renewed vigor and renewed energy,” Newsom said in a press conference. Women’s studies professor and advisor for LGBT studies at San Diego State, Dr. Esther Rothblum, commented on previous state rulings, and how they may influence the highest court’s decision whether or not to hear the case. “Every legal body in California that debated same-sex marriage so far has ruled that it is unconstitutional to bar same-sex couples from marrying. It will be interesting to see

According to a recent CNN report, Facebook estimates its stock will sell for approximately $29.73 a share. The IPO report Facebook filed shows the company’s value at $75 to $100 billion with approximately 850 million users. Majority shareholder and Facebook founder Mark Zuckerberg’s net worth will increase to $24 billion when trading begins. The move has sparked a high level of excitement among potential shareholders. Facebook’s stock has the potential to become the most profitable Internet startup to be publicly traded since Google. A recent New York Times article warns users this move could put their personal information at a greater risk. As Facebook moves to enter the public market, its operation will be more transparent than ever before. This will also force the social

if the U.S. Supreme court decides to take this on,” Rothblum said. The decision also had local support from San Diego Mayor Jerry Sanders, who was a long-time same-sex marriage opponent. According to an article in the Los Angeles Time, Sanders was said to have been swayed by his daughter, who introduced Sanders to the LGBT community after coming out as a lesbian. “Marriage encourages people to take responsibility for each other, provides greater security for children, and helps our country live up to the promises set forth in our founding documents. These are important values for a strong society and we should encourage them,” Sanders said.

media giant to yield substantial returns for new investors. Because Facebook’s revenue comes from advertisers, more information could be requested to target the audiences for personalized ad placement. Opinions are scattered about the state of the social media and technology industry, as many believe the nation is in the midst of a social media “bubble,” much like the dot-com bubble of the late ‘90s. Even so, demand is very high among institutional and retail investors for a slice of Facebook equity. The lead underwriter in the Facebook IPO is Morgan Stanely, with supporting roles going to Goldman Sachs, Barclays Capital, Bank of America, Merrill Lynch and JP Morgan.

–Compiled by Contributors Galloway and Edward Henderson

Chet

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T R AV E L & A DV E N T U R E Dr. Scetchy’s prescribes crafty classes for dramatic desires.

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W E AT H E R : PARTLY CLOUDY HIGH: 72 LOW: 49 SUNSET: 5:30PM


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02-08-2012 by The Daily Aztec - Issuu