Today's Paper

Page 1

T H E O L D E ST C O L L E G E DA I LY · FO U N D E D 1 8 7 8

NEW HAVEN, CONNECTICUT · FRIDAY, FEBRUARY 1, 2013 · VOL. CXXXV, NO. 80 · yaledailynews.com

WEEKEND INSIDE THE NEWS // FRIDAY, FEBRUARY 01, 2013

MORNING EVENING

SUNNY SNOWY

32 29

CROSS CAMPUS We’re going retro! Sort of. Did

The 13th college? Not quite, but there’s a new housing structure coming to Yale. Griffin Collier’s ’13 project “The Treehouse at Yale” is quickly gaining steam and, if successful, would establish a treehouse in the Yale-Myers Forest. As of press time, the effort boasted 181 backers who pledged a total of $9,536 — a significant leap from Collier’s original goal of $5,000. Kickstarter funding for the project will end on Saturday.

20

Too much money in the bank.

Now that incumbent Mayor John DeStefano Jr. is not running for re-election, the long-term politician needs to decide where to place the nearly $70,000 he still has in his campaign fund, according to the New Haven Independent. DeStefano has a few options: He can donate the money to any nonprofit organization or return it to his contributors. He cannot, however, give the money to another political campaign before the election.

Weighing in. Yale Law professor Bruce Ackerman LAW ’67 penned an op-ed in The Huffington Post yesterday that discussed the Supreme Court’s “war on the twentieth century.” According to Ackerman, this is the dominant question raised by the Supreme Court’s recent series of decisions, including the health care ruling. It’s a digital world. Harvard

Law School debuted its first-ever online course on Monday, a 12-week class called “Copyright” that is taught by Harvard professor William Fisher III. The class, which accepted 500 students out of 4,100 applicants, is being offered through Harvard’s branch of the online learning platform edX.

Keeping count. The

Connecticut Coalition to End Homelessness has teamed up with New Haven Public Schools to improve the city’s count of its homeless population, which typically numbers around 500, the New Haven Register reported.

THIS DAY IN YALE HISTORY

1942 The Engineering School releases revisions to its curriculum to prepare students better for the war effort. Submit tips to Cross Campus

crosscampus@yaledailynews.com

ONLINE y MORE cc.yaledailynews.com

MUSIC

MEN’S HOCKEY

Ph.D. students in their sixth year hunt for University funding

UNUSUALLY LARGE MUSIC COLLECTIVE DEBUTS

Bulldogs face Ivy and cross-town rivals at Ingalls Rink

PAGE B3 WEEKEND

PAGE 5 NEWS

PAGE 9 CULTURE

PAGE 12 SPORTS

GRAPH ANNUAL UNIVERSITY ENDOWMENT RETURNS 30

weekend kicks off Harry Potter Weekend at Yale, a magical adventure organized by the Sophomore Class Council and filled with Quidditch workshops, the Yule Ball, a Harry Potter movie marathon and a Horcrux scavenger hunt. For those of you still upset that you never received your letter from Hogwarts, now’s your chance. Seize the moment. Let your inner 11-year-old shine.

GRADUATE SCHOOL

Yale’s return tops average

you like yesterday’s blackand-white issue? If so, you’ll love today’s paper. Again, #printerproblems.

Magic for Muggles. This

TECH AT YALE HACKING INTO THE FUTURE

25 15 10

CASE INVOLVING SUSPENSION OF PROFESSOR JOHN DARNELL INCLUDED IN REPORT

5 0 -5

Sexual misconduct complaints decrease

2002 2003 2004 2005 2006 2007 2008 2009 2010

-10

2011

2012

cent endowment return in fiscal 2011, Jarvis said Yale’s performance last year was “actually quite respectable.” Schools with larger endowments can take more investing risks, said Matthew Spiegel, a finance professor at the Yale School of Management, because they can afford to “gamble a bit more” in the hopes of earning a higher return. While smaller endowments saw higher returns than larger endowments during the recession because they were less heavily invested in alternative assets, larger endowments have begun once again to outperform their smaller counterparts, the study said. Alternative assets as a group generated an average return of only 0.5

Forty complaints of sexual misconduct were brought to University officials during the last half of 2012, according to Yale’s third semiannual report of sexual misconduct complaints. The report, announced in a Universitywide email Thursday evening from Deputy Provost Stephanie Spangler, outlines all complaints and inquiries brought to the University-Wide Committee on Sexual Misconduct, Title IX Coordinators, the Yale Police Department and Human Resources between July 1 and Dec. 31, 2012. The newest report shows that the number of complaints brought to officials has decreased from the past two reports — 52 cases were reported in the in the second six months of 2011, and 49 in the first half of 2012. “One … trend that is worth commenting upon is the increasing amount of joint efforts and consultation between the UWC and the Title IX coordinators,” UWC Committee Chair Michael Della Rocca said in an email to the News. “These good working relationships allow for the kind of thoroughness and flexibility of response that we need in handling these cases.” Graduate School Associate Dean Pamela Schirmeister confirmed that a case involving Egyptology professor John Darnell — who violated University policy when he

SEE ENDOWMENT PAGE 4

SEE SEXUAL MISCONDUCT PAGE 6

Yale National Average

-15 -20 -25 BY SOPHIE GOULD STAFF REPORTER

While Yale posted a 4.7 percent endowment return in the fiscal year that ended June 30, 2012, most other colleges saw almost no change in the size of their endowments, according to the 2012 NACUBO-Commonfund Study of Endowments. Released today, the study indicates that Yale’s endowment fared well compared to other U.S. college and university endowments in the latest fiscal year. The 831 institutions represented in the study saw an average return of -0.3 percent in fiscal 2012 — a sharp drop from the 19.2 percent average return they reported in fiscal 2011. Experts interviewed attributed lower endowment returns largely

to lackluster financial markets last year, which they said suffered in part because of the debt crisis in Europe, but have already begun to rebound in fiscal 2013. “Many endowments are still in recovery mode from the credit crunch in 2008,” said Andrew Karolyi, a finance professor at Cornell University, adding that most asset classes, including Yale’s favored alternatives, “did not have a banner year.” Endowments valued at over $1 billion yielded an average return of 0.8 percent last year — a figure William Jarvis ’77, managing director of the Wilton, Conn., investment firm the Commonfund Institute, said helps set Yale’s performance in context. Though a return of 4.7 percent is significantly lower than Yale’s 21.9 per-

YCC faces board shakeup BY KIRSTEN SCHNACKENBERG STAFF REPORTER This weekend, the Yale College Council will elect a second replacement member of its executive board in the middle of an academic year for the first time in the Council’s history. YCC Vice President Debby Abramov ’14 and YCC Secretary Leandro Leviste ’15 announced this month that they would not return to Yale as students this semester, prompting the Council to find replacements among its current membership. The YCC elected Danny Avraham ’15 as its new vice president on Jan. 20, and this Sunday at 1:00 p.m., the Council will elect a replacement for Leviste. Leviste is still on campus, but he will head to his home country, the Philippines, next week to assist his mother, Loren Legarda, with her political campaign — a campaign he said he knew about when he ran for Secretary. “These two departures are really, really big. We are going on, but these were really important positions that voters chose candidates who they thought would remain at Yale for the entire year,” YCC President John Gonzalez ’14 said. “These were two special circumstances that do not come up all the time.” Current executive board and

YCC members said the departures were isolated incidents that did not involve the YCC’s activity last semester. But the rapid restructuring of the YCC may impact the Council beyond this semester. Current YCC members interviewed, including YCC Events Director Bryan Epps ’14, said they think the two departures will cause voters to press candidates harder about their personal future plans during this spring’s elections.

These two departures are really, really big.. JOHN GONZALEZ ’14 President, YCC Leviste suggested moving executive board elections to the fall, which he said will minimize unexpected departures. Students interviewed, however, said candidates are not incentivized to disclose that they might leave Yale regardless of the date. “I don’t think holding elections in the fall would make it any easier to anticipate having to leave Yale, because most students aren’t thinking all the way to spring semester when SEE YCC PAGE 4

BY CYNTHIA HUA STAFF REPORTER

Elicker first to qualify for public financing BY DIANA LI STAFF REPORTER Ward 10 Alderman Justin Elicker FES ’10 SOM ’10 is officially the first mayoral candidate eligible for public financing through New Haven’s Democracy Fund. In a Thursday morning press release, Elicker’s campaign treasurer Melanie Quigley said that the campaign had reached the 200 contributions necessary to qualify for public financing on Wednesday night, making him eligible for a $19,000 grant and matching funds of up to $125,000 through the Fund. But the Democracy Fund does not yet have enough members to approve the funding formally, so Elicker will have to wait before receiving the money. As of Thursday morning, Elicker had received 235 contributions totaling $15,285, and the Democracy Fund will supplement those contributions resulting in a total of $43,685. Two years ago, when Jeffrey Kerekes ran against Mayor John DeStefano Jr., Kerekes raised $43,000 through the public financing system. DeStefano, who opted out of the system but helped create the program originally, raised roughly $700,000. Elicker told the News that Kerekes’ performance in the 2011 election, in which DeStefano won by his narrowest margin ever at 55–45, “showed that you don’t need a ton of money and you do not need a lot of additional connections with the business community or big ticket donors to run a viable campaign.” Community activist David Streever said he thinks Elicker’s ability to raise this money in such a short period of time is a sign of his ability to generate enthusiasm among constituents, as demonstrated by the crowd of over 100 that packed into Manjares on Whalley Avenue last Thursday at his announcement

DIANA LI/STAFF PHOTOGRAPHER

Mayoral candidate Justin Elicker FES ’10 SOM ’10 is eligible to receive public financing from New Haven’s Democracy Fund. of his mayoral candidacy. This November’s election may see all of its candidates make use of the public finance option, as two candidates who have said they are running — Elicker and Rep. Gary HolderWinfield — have committed to using the option. Holder-Winfield, who has said that he will officially file his papers to run for mayor today, told the News that public finance enables SEE PUBLIC FINANCE PAGE 6


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Today's Paper by Yale Daily News - Issuu