The Dartmouth 10/6/2016

Page 1

VOL. CLXXIII NO.123

SUNNY HIGH 72 LOW 45

THURSDAY, OCTOBER 6, 2016

HANOVER, NEW HAMPSHIRE

Morton residents adjust after Endowment fire destroys belongings loss in line with

national trends By MIKA JEHOON LEE The Dartmouth Staff

they could not find a place to stay for the night, the roommates said, it did not have any specific areas set aside. Buckley and Gabriele reached out to their friends for a place to sleep once news of the fire broke. Gabriele eventually spent the night “literally under the bed” of one of her friends before having to shower a couple of hours later in the Alumni Gym. The two did not hear anything about the state of their room until 11

Dartmouth’s endowment reported a loss of 1.9 percent on its investments for the fiscal year that ending in June 30, posting its worst performance since 2009. The endowment is now valued at $4.5 billion, down from $4.7 billion last fiscal year. The negative net return accounts for the $100 million net investment loss and subtraction of the year’s distribution of $200 million, offset by $119 million in endowment gifts and transfers. “The endowment was not immune from turbulent global markets,” Chief Investment Officer Pamela L. Peedin said in a press release. “But despite overall weak absolute results, we did see impressive relative returns from some managers who were able to capitalize on opportunities resulting from the volatility.” This fiscal year witnessed stagnant growth in major international markets and in domestic healthcare and energy sectors. “The Brexit vote hit in June and it really crushed a lot of asset markets,” economics professor Bruce Sacerdote said. “It was a big negative factor and that was included in this year’s performance.” Economics professor Eric Zitzewitz also emphasized the difficult investment climate. “This was a flag year for[Standard & Poor’s 500] and a down year for the international markets,” Zitzewitz said, referencing the stock index and the global economy respectively. “Hedge funds also had a tough year, perhaps

SEE FIRE PAGE 3

SEE CASH PAGE 3

ARTS

TEA IN SANBORN: A TRADITION PAGE 8

HOLLYE SWINEHART/THE DARTMOUTH

A four-alarm fire broke out early Saturday morning in Morton Hall.

By DEBORA HYEMIN AHN AND ANTHONY ROBLES The Dartmouth Staff

ARTS

DRAYTON HARVEY ’17, DANCE AND LOVE PAGE 8

OPINION

COPPOLA ’19, THE AMERICAN BERLUSCONI PAGE 7

OPINION

WILCZYNSKI ’20, A WHOLE NEW WORLD PAGE 6 FOLLOW US ON

INSTAGRAM @thedartmouth FOLLOW US ON

TWITTER @thedartmouth COPYRIGHT © 2016 THE DARTMOUTH, INC.

Early Saturday morning, Abigail Buckley ’19 and Monika Gabriele ’19, two members of a quad on the third floor of Morton Hall, received a call from one of their roommates informing them that their building was on fire. The pair stayed up together until 3 a.m., waiting not only for firefighters to put out the blaze but also any update from the

College. “We didn’t receive any Morton-specific information; it was all just sent out to campus like ‘there is a fire,’ not what’s going to happen to us,” Buckley said. Buckley and Gabriele are two of 67 students forced to relocate for the remainder of the fall term after Morton was rendered uninhabitable by a four-alarm fire caused by an unattended charcoal grill. Although the College requested that students contact them if

CPD hosts the graduate school fair By EMMA DEMERS

The Dartmouth Staff

Yesterday over 85 institutions participated in the third annual Graduate and Professional School Fair, giving students the opportunity to meet with admissions representatives from many schools. Hosted by the Center for Professional Development in the Hopkins Center, the fair provides students exposure to graduate programs in the arts and sciences, medical schools, law schools, business schools and other educational opportunities. Repre-

sentatives came from schools across the nation. Past fairs have drawn 120 to 170 students. The CPD gives students a list of potential questions to ask admissions officers, as well as a list of possible questions that the officers may ask them in return. “You don’t have to know now if you’re going to go to graduate school,” said project manager and CPD associate director Leslie Kingsley, encouraging students to take advantage of resources like the fair. Kingsley and the other CPD advisors involved in the fair work to

ensure that the schools present are those that are attractive to students. Medical schools and law schools were the most popular types of graduate programs represented at the fair, reflecting a high level of undergraduate student interest in both disciplines. However, for some attendees, finding the right school proved to be a challenges. Physics major Sam Greydanus ’17 said he enjoyed talking to many school representatives but was hard-pressed to find schools representing the sciences. “There was a lack of physics reSEE CPD PAGE 2

BIG ISSUES

HOLLYE SWINEHART/THE DARTMOUTH STAFF

Rand Beers ‘64, of Dept. of Homeland Security, speaks to Great Issues Scholars


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