Tuesday, October 7, 2008

Page 1

The Brown Daily Herald T uesday, O ctober 7, 2008

Volume CXLIII, No. 86

Since 1866, Daily Since 1891

Bailout author: Package shouldn’t affect taxpayers

Faculty mull proposal for Watson tenure

Frank defends necessity of measure By Sarah Husk Contributing Writer

Financial innovation has outstripped financial regulation in the United States, therefore necessitating new regulator y policies, Rep. Barney Frank, D-Mass., chairman of the House Financial Ser vices Committee, said in a talk Monday afternoon in Salomon 101. Frank is considered a major player in the bailout legislation that passed last Friday, which he said was absolutely necessar y. “The bill that we just passed is the consequence,” he said. “The question is, how did we get here?” Frank, who has ser ved in Congress since 1981, said the absence of financial regulation had allowed investors to practice the risky behaviors that caused the crash. Strengthening regulations on investing, he said, will ultimately help the market by renewing investor confidence in the market. “When the Chairman of the Federal Reser ve and the Secretar y of the Treasur y say there will be a crisis if you don’t do something, then if you don’t do

By Jenna Stark Senior Staf f Writer

both the final report of the Task Force on Undergraduate Education and a draft of the self-study report for Brown’s accreditation by the New England Association of Schools and Colleges. The task force report called for a review of every concentration in the next three years, improved advising, a new science resource center and increased resources for international studies, among other recommendations. Becker began the

The Faculty Executive Commit tee is planning to examine its policies on tenure this semester in response to a proposal made last semester to offer tenure at the Watson Institute for International Studies. The request — made by the Watson Board of Overseers — met with dissent among faculty, and the University looks to make a final decision about it in the spring, said former FEC Chair Ruth Colwill, associate professor of psychology. Cur rent University policy states that only departments can recommend a professor for tenure, Colwill said, adding that this policy excludes interdisciplinar y programs and institutes such as Watson from recommending their professors. The Watson Institute’s ability to grant tenure to faculty would strengthen both the institute and related departments, said Vice President for International Affairs David Kennedy ’76, a member of the Board of Overseers. “The feeling that only with tenure could one be assured of building and retaining the highest quality faculty” motivated the board, he said, adding that the ability to make appointments at the Watson Institute would “bring new people to Brown who wouldn’t otherwise come.” Tenured faculty at Watson would have greater teaching responsibilities, thus strengthening the international relations pro gram, Kennedy said. In Januar y, Provost David Kertzer ’69 P’95 P’98 created a working group to evaluate the Board of Overseers’ proposal to grant tenure to professors at the institute. The committee recommended that tenure be available to professors at Watson. But when the issue of tenure

continued on page 4

continued on page 4

Justin Coleman / Herald

Rep. Barney Frank, D-Mass., said a lack of financial regulation allowed investors to engage in risky behavior that led to the current financial crisis. Frank spoke in Salomon 101 yesterday.

something, there’s a crisis,” he said. “We had to act.” The massive bailout should not af fect taxpayers, Frank said. If there is a net loss, legislation will likely pass to move that charge from the general taxpayers to the financial sectors, he added. Along with the bailout, he said,

Congress is looking to cut down on CEO compensation and to take away incentives that reward risktaking. But Frank also said it was necessary to note that Democrats and Republicans disagree about these economic matters. Repeating what he said was an

oft-quoted adage among Republicans — “the rising tide will lift all boats” — Frank said this ideology is misleading. He quipped, “people are not boats and the economy is not the tide.” A succeeding economy does continued on page 6

Liberal studies forum reviews task force ideas By Chaz Kelsh Senior Staf f Writer

Photo courtesy of NASA

The Messenger spacecraft sent images of Mercury to Earth. Brown scientists and NASA scientists were among the first to see the pictures.

A forum on the future of the Brown curriculum drew about 20 attendees Monday evening. Dean of the College Katherine Bergeron, Associate Provost and Director of Institutional Diversity Brenda Allen and Undergraduate Council of Students President Brian Becker ’09 led an open forum entitled “Liberal Studies in a New Century.” The meeting was held in the wake of the release last month of

Brown scientists among first Lone Star State annexing Olney House? DTau being made to glimpse Mercury images ‘honorary Houstonians’ By Chris Duffy Contributing Writer

At around 2 a.m. this morning, NASA scientists and a team from Brown University were the first to see images of Mercury sent back from the Messenger spacecraft. “We’re going to really see the details for the first time,” NASA Project Scientist Ralph McNutt said yesterday. McNutt said the images would cover about a third of Mer-

3

METRO

cury’s surface, never before seen from space. “This is exploration and new science at its best, unknown and unseen territory being seen for the first time.” The Messenger spacecraft flew by Mercury yesterday for the second time, taking measurements and recording images, as it swung just 125 miles above the smallest planet in the solar system. The first of three flybys occurred on January 14 and

Bring on the bailout Rhode Island’s Congressional delegation unanimously voted for the bailout package

www.browndailyherald.com

continued on page 4

5

CAMPUS NEWS

By Hannah Moser Contributing Writer

Though new students from the class of 2012 have already settled onto campus, an influx of Texans could soon hit College Hill. The mayor of Houston sent a letter to the Delta Tau fraternity on Friday saying he is taking steps to make them honorar y Houstonians — an honor bestowed upon foreign dignitaries,

Delayed doctorate Dual degree program for a math doctorate is postponed until additional funds can be found

11

OPINIONS

prominent individuals, entertainers or artists, according to the mayor’s Web site. “It’s a little surreal, almost,” DTau Treasurer Matt Kahn ’10 said of the honor. “We feel pretty honored to be recognized by someone so important as the mayor of Houston.” In the letter, which Mayor Bill White sent DTau Vice President David Tagle ’11 via e-mail on Friday, White thanked the members of DTau for donating the proceeds from a Sept. 19 charcontinued on page 6

hitting where it hurts Zach Beuchamp ‘10 argues that, in order to save his campaign, McCain needs to fight dirty

195 Angell Street, Providence, Rhode Island

12 SPORTS

Courtesy of HoustonTX.com Houston Mayor Bill White invited the

brothers of Delta Tau to move to his city.

the harder they fall The football team takes a hard hit after losing to URI last Saturday

News tips: herald@browndailyherald.com


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.