Thursday, September 15, 2011

Page 1

Daily

Herald

the Brown

vol. cxlvi, no. 66

Thursday, September 15, 2011

Since 1891

Alum offers grads new ventures in Providence

Pension hearing draws crowd By Morgan Johnson Senior Staff Writer

Rhode Island public employees and union leaders packed the State House Wednesday for a joint finance committee hearing on Rhode Island’s chronically underfunded pension system.

By Ashley Aydin Staff Writer

It’s usually a bad sign when a city finds itself in the company of Detroit and New Orleans — but not always. Providence joins its woebegone sisters in playing host to Venture for America, an entrepreneurship program founded by Andrew Yang ’96. The program, launched in July, is

city & state The room quickly filled to capacity, forcing some members of the audience to view the televised hearing in an overflow room. The joint briefing, which was preceded by two informational caucuses on pensions and several meetings of the state’s pension advisory group, still served as an introduction for some members of the committee. Rep. Helio Melo, D-East Providence, said many lawmakers present were being informed of Rhode Island’s pension situation “for the first time.” The state has engaged in an ongoing effort to reform the pension system over the past decade, said Peter Marino, fiscal adviser to the state Senate. Along with other states, Rhode Island saw its unfunded pension liability increase during the recession, as the pension fund was hard-hit by market volatility. “There’s no silver bullet,” Marino said. continued on page 2

city & state

tor of retail dining. Because the eatery would be open at night for the first time, Larue said administrators wanted to provide a new entree option for students. They chose ethnic foods, because they were not previously available at late-night eateries. Since the Blue Room does not have the necessary equipment to create its own entrees, they decided to outsource to local restaurants. After a successful year of partnership with Kabob and Curry, Larue said the administration decided to team up with Shanghai in an effort to offer more variety. Ray Hugh, owner of Shanghai, said he was delighted to be chosen.

a nonprofit that seeks to create jobs in economically struggling cities, provide entrepreneurship experience to college graduates and help graduates join start-ups in locations around the country. “We want to provide a runway for people who have entrepreneurial aspirations and encourage them to fulfill those aspirations,” Yang said. Venture for America places entrepreneurs in what the organization calls “lower-cost cities” — Detroit, New Orleans and Providence. These cities represent the “new American frontier,” Yang said. “Each of these cities has a hub for thriving start-ups so that graduates can continue their growth and development,” he said. Doug Ulman ’99, president and CEO of Lance Armstrong’s Livestrong foundation and a Venture for America advisory board member, said he was moved by Yang’s business model. “He’s focusing on cities that can use the type of influx of youth and excitement,” he said. “I think there are a lot of cities in this country that are not considered hotbeds of entrepreneurial activity. So, there’s so much opportunity for seasoned entrepreneurs to have a huge impact there.” Yang, who double concentrated in economics and political science, was inspired to start Venture for America when he met Charlie Kroll ’01, president and CEO of Andera, a financial services company. “I thought if we were to have more talented graduates starting businesses like Charlie, it would great,” Yang said. “That’s what the country needs — more entrepreneurs.” At Columbia Law School, he “saw a number of bright college grads that went down a particular path that didn’t really fulfill their needs as they hoped or anticipated.”

continued on page 2

continued on page 5

Jeff Marquis

Real Estate — a psychedelic pop band hailing from New Jersey — will perform at the Fall Concert Sept. 24.

BCA names Fall Concert lineup By Sahil Luthra Senior Staff Writer

Starkey and Real Estate will headline this year’s fall concert, scheduled for Saturday, Sept. 24. Starkey — the stage name of Philadelphian P.J. Geissinger — is a DJ who mixes “grime, dubstep, hip hop and all things ‘street bass,’” according to his MySpace page. The music is “dark” but also “super energetic,” BCA Administrative Chair Sandy Ryza ’12 told The Herald. Real Estate hails from New Jersey and specializes in psychedelic pop, according to the band’s MySpace

page. The concert will come a few weeks before Real Estate releases its sophomore effort “Days” Oct. 18, following the release of its self-titled debut album that hit shelves in 2009. BCA had considered Starkey for past concerts and decided to secure him for this year after positive response to dubstep artist Stegosaurus, who performed at last year’s concert and was “the unacknowledged star of the show,” Ryza said. Though Real Estate came in seventh in a BCA poll conducted through BlogDailyHerald over the summer, the higher-ranked acts “turned out not to be available” for

the show, Ryza said. The concert is slated to take place on Lincoln Field and would move to the Rhode Island School of Design Auditorium in case of rain. Last year was the first time the concert was held outside, a move Ryza said was popular with students. An outdoor location also allows BCA to accommodate 1,800 students, as compared to a capacity of 500 students inside. Doors will open at 7 p.m. on the day of the concert. Announcements for obtaining tickets, which will be free, will be posted on the BCA’s website by Monday, Sept. 19.

By Louisa Chafee Contributing Writer

Emily Gilbert / Herald

inside

Students line up for Shanghai Chinese food, a new Blue Room dinner option.

news....................2-3 CITY & State...........5 editorial..............6 Opinions................7

Post-

There’s something new at the Blue Room this semester — hot entrees from Shanghai restaurant now alternate with Kabob and Curry to serve the nightly dinner crowd. The Thayer Street Chinese restaurant has been serving Blue Room visitors for the past year with their Lotus brand of sushi and cold noodles. Starting this semester, the Blue Room also offers a line of Shanghai’s hot food options available for purchase with meal credits, points or cash. The idea of buying prepared foods from local restaurants came during the renovation of the Blue Room, said Jacques Larue, direc-

Party Foul

suits up, gets brophylacted

Post-, inside

Political labels stifle meaningful debate Opinions, 7

weather

Shanghai spices up the Blue Room

t o d ay

tomorrow

77 / 47

65 / 46


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.