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 · TUESDAY, NOVEMBER 12, 2013 · VOL. CXXXVI, NO. 50 · yaledailynews.com
INSIDE THE NEWS MORNING EVENING
LIGHT SNOW CLEAR
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CROSS CAMPUS
FAST FOOD ADVERTISING TARGETS YOUTHS
THEATER
PAGES 6-7 SCI-TECH
PAGE 5 CITY
BASKETBALL
New Haven signs away Shubert Theater to local non-profit
Yale falls to powerful UConn squad PAGE 12 SPORTS
University honors veterans
Antidivestment group founded
Admissions dean accepts his better half. Dean of
Undergraduate Admissions Jeremiah Quinlan has admitted a great number of students to Yale, but only one person to his heart. Quinlan’s wedding, which took place this past Saturday, was probably an affair similar to the regular applicant’s notification date on April 1 every year — a day of excitement for a select individual but longing, jealousy and resentment for the majority of others. Sorry to the former lovers Quinlan has waitlisted or rejected — here’s hoping they find their safeties.
IN LEAD-UP TO REFERENDUM, STUDENT FACTIONS FORM BY ADRIAN RODRIGUES STAFF REPORTER
Protecting protection. From now until Nov. 15, students can pick up free condom compacts — plastic holders for condoms — in exchange for undergoing STI consultations at Yale Health. Students can either find out they have an STI or protect themselves against future ones — win-win! From the tables down at Mory’s, to the steps of the
Supreme Court. Most recently in D.C., the Whiffenpoofs graced the offices of SCOTUSBlog with their a cappella. In case you missed it, Whiffenpoof Dan Stein ’14, former Opinion Editor at the News, was the SCOTUSBlog intern who became a veritable GIF for running a Supreme Court ruling down as if his life and future political career depended on it. Here’s hoping tomorrow Stein will run faster, stretch out his arms farther … And one fine morning…
Rhetorical question. A
Monday column from The Harvard Crimson chided Harvardians for being perpetual players of the “Who has it worse game?” where students constantly try to one-up each other’s misery. “Harvard students’ favorite game to play during midterm season” only creates a cycle of humble-brags, mutual resentment and extreme stress, the columnist pointed out. Too bad Harvard itself is so good at winning the “Who has it worse game” when compared to Yale.
Caterpillars become butterflies. College students
are like fine wine in that they improve with age. Recognizing this fact, a recent video created by the Dartmouth library entitled “Echoes of Dartmouth” juxtaposed interviews with eight seniors conducted this fall with interviews taped with their awkward former freshmen selves in 2009.
Strangers in a strange land. Campus Canadians
commemorated their own variety of Veterans Day in the Yale Law School courtyard on Monday with the passing of poppies, a symbol of veterans’ contributions in the land to the North.
THIS DAY IN YALE HISTORY
1968 Ticket sales for the Yale-Harvard game cease as the event becomes oversubscribed.
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ALEXANDRA SCHMELING/CONTRIBUTING PHOTOGRAPHER
The annual Veterans Day ceremony took place on Beinecke Plaza yesterday in front of the World War I memorial. BY YUVAL BEN-DAVID STAFF REPORTER Over 100 people gathered on Monday afternoon in Beinecke Plaza for the annual Veterans Day ceremony to celebrate the increasingly public role of service men and women in the Yale community. The ceremony, which was attended by several university administrators as well as mayorelect Toni Harp ARC ’78, had a strong focus on students, according to Woodbridge Fellow Marj Berman ’13, who helped organize the event. Though members of the Yale University Police Department served as the honor guard, and World War II veteran Rev. Harry Adams ’45 DIV ’51 delivered a closing benediction, current Yale students — veterans and members of the Reserve Officers Training Corps on campus — were the central figures of the event. At the ceremony, Sarah Barbo FES ’14 SOM ’14, who served in the
U.S. Army from 2006 to 2013 and was nominated to give remarks by the Yale Student Veterans Council, encouraged listeners to commit themselves to something bigger than themselves and to embody veterans’ values in their lives at Yale. “What if we all lived like this?” she asked. “As if our lives depended on the people next to us fulfilling their potential?” More than 60 veterans are currently attending classes at Yale, according to University Secretary and Vice President for Student Life Kimberly Goff-Crews, who said in her welcome address at the ceremony that she is “optimistic about making Yale more veteran-friendly.” Silliman Dean Hugh Flick — a Vietnam War veteran and annual attendee of the ceremony — said he has seen an uptick in attendance at the Veterans Day ceremonies ever since the ROTC program returned to campus at the beginning of last year. In his tribute, current Eli Whit-
ney student Alex Hawke ’14 spoke about the “incredible public spirit” that is a hallmark of service members. Hawke especially pointed to women, African-Americans and homosexuals who fought for the nation abroad before fully earning their rights at home. Berman said the ceremony tried to incorporate as many veterans and students as possible, balancing Yale traditions and service traditions alike. She added that this year is the first that the ceremony has been live streamed online, in an effort to open the event up to families and alumni who could not be present on campus. Josh Clapper ’16, a student who is involved in the Navy Reserve Officers Training Corps, said students in attendance at the ceremony from the ROTC program were put in a unique position, as they were connected to the U.S. Armed Forces
Until now, student discourse on divestment at Yale has been one-sided, Alex Fisher ’14, the founder of Students for a Strong Endowment, told the News, adding that Students for a Strong Endowment wants to stimulate a conversation rather than a lecture. While membership is informal, the group has roughly 15 to 20 students interested in joining, he said. “Our underlying message is we accept and we understand why so many people are concerned with the environment
SEE VETERANS PAGE 4
SEE DIVESTMENT PAGE 8
Town-gown central for new leaders HARP, SALOVEY TO BUILD ON PRECEDENT AND PERSONAL COMMONALITIES BY MATTHEW LLOYD-THOMAS, POOJA SALHOTRA AND ISAAC STANLEY-BECKER STAFF REPORTER, CONTRIBUTING REPORTER, STAFF REPORTER On a quiet Thursday morning last week, two of the foremost leaders in New Haven met officially for the first time. Two days after she was elected mayor, Toni Harp ARC ’78 joined Yale President Peter Salovey for a brief meeting on the steps of City Hall, where the freshly minted president offered his congratulations to the mayor-elect and re-emphasized his desire to work closely with the city. The chat precedes what both foresee as extensive collaboration, in education reform, economic development and coping with the city’s budget shortfalls. The two new officials’ concurrent transitions into University and city leadership mirror those of former University President Richard Levin and outgoing Mayor John DeStefano,
Debate is ramping up in preparation for the Yale College Council’s campus-wide referendum on fossil fuel divestment to be held Nov. 17. Several days after Fossil Free Yale — a student group pushing for the University to phase out endowment investments in fossil fuel companies — submitted a prodivestment statement to the YCC’s referendum website, a new student group known as Students for a Strong Endowment submitted a “con” statement on Friday. Challenging Fossil Free Yale, Students for a Strong Endowment argued against using the endowment to make political statements, an action that they said could establish “troubling” precedents for the University. In the days leading up to the referendum, members of Students for a Strong Endowment said they will try to raise awareness for their cause.
Jr. 20 years ago. With town-gown collaboration a hallmark of their predecessors’ tenures, Salovey and Harp said they plan to expand upon Levin and DeStefano’s two-decade partnership. “There’s a considerable advantage in having the two of them come in at the same time so that they can learn to trust one another from the beginning,” said Yale School of Management Professor Douglas Rae, who served as the city’s chief administrative officer from 1990 to 1991 under former Mayor John C. Daniels. Salovey and Harp arrived in New Haven over 30 years ago for the same reason: education. “We both came to Yale for graduate school. We both met our spouses as graduate students. And then we both, upon completing graduate school, decided to stay in New Haven,” Salovey said. “We start off both caring passionately about this place, SEE TOWN-GOWN PAGE 4
Our underlying message is we accept and we understand why so many people are concerned with the environment and its future. ALEX FISHER ’14 Students for a Strong Endowment, founder
Smaller endowments outperform Yale BY ADRIAN RODRIGUES STAFF REPORTER The Yale endowment is no longer the top-performing fund for the past three- and five-year periods. According to preliminary findings released Nov. 6 from the NACUBOCommonfund Study of Endowments — the most comprehensive annual report on higher education endowments — American colleges and universities saw an average endowment return of 4.3 percent over the past five years. Though Yale bested the national average, the New York Times reported Friday that at least two lesser-known schools, Abilene Christian University in Texas and Spalding University in Louisville, have greatly outperformed Yale over the past three- and five- years periods. According to the NACUBO-Commonfund report, schools with large endowments have seen lower investment returns on average over the past five years than schools with small and mid-sized endowments. “Yale is the gold standard by which everyone else measures their performance,” said James Stewart, a business journalism professor at Columbia
and the author of the New York Times article. “[But] nothing lasts forever.” Smaller endowments’ strong performances over the past several years have been the result of high returns from investments in publicly traded companies, Stewart said. Schools with smaller endowments tend to allocate a larger percentage of their assets toward the stock market. Finance professor Roger Ibbotson echoed Stewart’s remarks, adding that stocks have outperformed private equity over the past few years. Still, he said Yale’s performance over the past decade has remained strong. Over the past 10 years, endowments with over $1 billion in total assets, such as Yale’s and Harvard’s, have continued to maintain the highest average return, according to the report. “It’s like the New York Yankees,” Ibbotson said. “Even if you have a great record, you can’t win every year.” In the fiscal year that ended Jun. 30, the nearly 500 U.S. colleges and universities surveyed for the NACUBOCommonfund study averaged a return of 11.7 percent, up from a loss of 0.3 SEE ENDOWMENT PAGE 8