The Oberlin Review
DECEMBER 4, 2015 VOLUME 144, NUMBER 11
Nancy Dye Memorial Service Today A memorial service for Nancy Dye, Oberlin College’s first and only female president, will take place at 5 p.m. today in Finney Chapel. Dye passed away at 68 years old on Wednesday, Oct. 28 after suffering from a rare neurological condition. She served as president for 13 years from 1994 to 2007, raising $175 million in a capital campaign that funded new construction, financial aid and faculty salaries.
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0 DEATHS
AVON LAKE 0 DEATHS
SHEFFIELD 0 DEATHS
AVON
LORAIN
0 DEATHS
55 DEATHS
AMHERST VERMILION 3 DEATHS 1 DEATH
NORTH RIDGEVILLE 1 DEATH
ELYRIA 12 DEATHS
SOUTH AMHERST
JURISDICTION OF THE LORAIN COUNTY SHERRIF
0 DEATHS
10 DEATHS
OBERLIN 0 DEATHS
GRAFTON
KIPTON
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0 DEATHS
LA GRANGE 0 DEATHS
WELLINGTON
MURDERS PER 10,000 PEOPLE
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(TOTAL 2000–2013)
ROCHESTER 0 DEATHS
8
4
2
1
0
TOTAL MURDERS IN LORAIN COUNTY 2000-2013
14 12 10 8 6 4 2
Data courtesy of the Ohio Office of Criminal Justice Services Data not available for 2014 or 2015.
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
0
Infographic by Hazel Galloway
Moody’s Downgrades College’s Credit Rating Oliver Bok News Editor The College has too much debt and depends too heavily on students for revenue, analysts from Moody’s Investors Service say.
Moody’s, one of the two most important credit-rating agencies along with Standard & Poor’s, downgraded Oberlin’s credit rating from Aa2 to Aa3 on Nov. 24. Moody’s based its downgrade on the College’s relatively low endowment growth, dependence on
Construction workers assess the situation within the new Lewis Gateway Center, which the College borrowed $18 million to build. The rating agency Moody’s Investors Services recently downgraded the College’s credit rating partially because of the College’s debt level. Clover Lihn Tran
tuition and high debt levels. The credit-rating agency anticipates that net tuition growth, which averaged 6 percent from 2011 to 2015, will fall in the near future and that the College will have to make adjustments as a result. “Given management’s indication of more moderate net tuition revenue growth increasing revenue from other sources or more aggressively containing expenses will be critical to carry out its plan to reduce reliance on supplemental endowment draws in [ fiscal year] 2017 which have been used to support capital projects and the fundraising campaign expenses,” according to the report. Moody’s also noted that the College’s ratio of total debt to operating revenue, 1.1, is higher than the median Aa-rated private university, which has a ratio of 0.8. The College gets 68 percent of operating revenue from student charges, higher than other Aa-rated institutions.
Meantime Manager City Council selected Finance Director Sal Talarico as the new interim city manager.
LORA IN COUNT Y MURDER RATES 2000–2013 SHEFFIELD LAKE
2003
Machmud Makhmudov Named Rhodes Scholar Machmud Makhmudov, College senior and class copresident, was selected as one of 32 students in the United States to receive a Rhodes Scholarship. Makhmudov will pursue a Masters in Public Policy at the University of Oxford in the United Kingdom next October with full financial support from the Rhodes Scholar program. He also earned a scholarship from the Truman Foundation last year and has served as an intern for the White House Domestic Policy Council, the City of Atlanta Office of Sustainability, the Environment Defense Fund and the office of Congressman John Lewis.
Twenty-four-year-old Steven L. Davis was found shot to death in his apartment last Tuesday, Nov. 24 — the first murder in Oberlin since a 1999 stabbing. Oberlin Police Department officers received a 911 call at 12:12 p.m. by a man who claimed to be Davis’ cousin. He reported that Davis was bleeding and requested an ambulance to 40 Locust Street, Davis’ home address. Police confirmed Davis as the victim on Friday. The initial responding police officers observed a single gunshot wound to Davis’ chest. Dr. Stephen Evans, Lorain County coroner, told the The Chronicle-Telegram on Wednesday that Davis died of multiple gunshots to both the chest and the head. Craig Robinson, one of Davis’ neighbors, said he didn’t hear any shooting during the time the murder took place. But he said that the woman who lives in the front apartment with her boyfriend did. “She said she heard three loud noises that night,” Robinson said. “But she just thought it was her uncle who fell out of bed or something.” The investigation by the Oberlin Police Department is in its preliminary stages. Police Chief Juan Torres confirmed that they believe the case was a homicide but stated that the officers do not currently have any suspects or persons of interest. “We are trying to determine the victim’s movements prior to the incident,” Torres said. “We go talking to neighbors and different people, and we send some evidence to be processed, and that’s where we are right now.”
The Ohio Bureau of Criminal Identification, which runs the state crime lab and provides crime scene units to local law enforcements across the state, is assisting the local authorities in Oberlin with the Davis case. According to the Ohio Attorney General’s Office, unlike many large cities like Columbus or Cleveland which have their own crime scene units, smaller communities like Oberlin often do not have the resources. “The other issue is one of volume,” said Dan Tierney, an officer from the Ohio Attorney General’s Office. “[Larger cities] have unfortunately larger crime rates that would result in there being experienced officers in the situation. But in small towns, there might not be a shooting for five or ten years at a time, so as a result you want somebody who has experience to assist the crime scene or the investigation. … Quite frankly, when the law enforcement agency doesn’t have the experience, they go to the [Bureau of Criminal Identification] for assistance.” A total of three murders, two of which happened in 1998, occurred in Oberlin in the years between 1995 and 2000, according to Office of Criminal Justice Services Crime Statistics and Crime Reports in the Ohio Department of Public Safety. During the first five years for which records are publicly available, 1995–1999, 16 murders occured in Lorain County. The number stayed nearly constant at 15 for the next five years, before tripling to 43 in 2005–2009. Murders peaked at 13 in 2009 and have declined since then, although figures have not been released for 2014 or 2015.
2002
City Enters Transit Deal with Lorain County Oberlin city officials and Lorain County commissioners reached an agreement Wednesday to provide residents with public transportation services next year, beginning on Jan. 4, as part of an ongoing effort to increase transportation accessibility for residents of Oberlin and surrounding towns. The city will provide $22.26 per hour and $50 a month in administrative costs to help fund the project.
Xiaoqian Zhu
2001
News briefs from the past week
Oberlin Man Murdered in Apartment
2000
Local News Bulletin
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Plant Power Presenters defend merits of vegan diet for athletes.
Dinosaur Dud The Good Dinosaur paled in comparison to other Pixar favorites. See page 10
INDEX:
Opinions 5
This Week in Oberlin 8
See page 15
Arts 10
Sports 16
However, the agency also described the College’s financial outlook as “stable” and noted Oberlin’s “robust philanthropic support” and “consistently strong net tuition revenue growth” as two of the institution’s primary financial strengths. Vice President of Finance Mike Frandsen said he did not anticipate the College’s borrowing costs would increase as result of the downgrade and noted that the College’s credit rating remains strong. “First, even with the downgrade, Oberlin is still rated as ‘investment grade’ debt of ‘high quality and very low credit risk,’” Frandsen wrote in an email to the Review. “We are in good company with peers like Colgate, Macalester, Mount Holyoke and Wesleyan, among others, holding the same rating. Moody’s is just one rating agency. The other major agency, See Building, page 2
on the
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