daily herald the Brown
vol. cxxii, no. 109
INSIDE
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Winners talk
The Herald sat down with scholarship recipients
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Art for change Artists and profs discuss how art can create change Page 7
Manliness Carty ’15 argues men need to look beyond masculinity today
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tomorrow
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Monday, November 26, 2012
since 1891
Seniors, alum awarded international scholarships By Sam Heft-Luthy Staff Writer
For the first time in at least a decade, Brown students and recent alums were awarded each of the Rhodes, Marshall and Mitchell Scholarships. The scholarships are prestigious international awards to study abroad at universities in the United Kingdom and Ireland. Clayton Aldern ’13, editor-inchief of post- Magazine, received the Rhodes Scholarship, which funds two years of postgraduate study at Oxford University. Aldern will study neuroscience at Oxford. Nicholas Werle ’10, a former Herald senior staff writer, won the Marshall Scholarship, which funds two years of study at any university in the United Kingdom. Werle has chosen to split up his two years of funding between University College London and the London School of Economics. He will study economics at UCL and management and regulation of
risk at LSE. Lucas Mason-Brown ’13 won the Mitchell Scholarship, which funds one year of postgraduate study at any Irish university. Mason-Brown willstudy mathematics at Trinity College in Dublin. “It makes sense in some ways to cluster the Rhodes, Mitchell and Marshall Scholarships,” said Linda Dunleavy, associate dean of the College for fellowships. “They all happen around the same time of year, and they have similar criteria.” Mason-Brown is the first Mitchell winner from Brown since 2002, Dunleavy said. Nine Brown students were finalists for the Rhodes Scholarship this year, but only Aldern was chosen. Last year, there were six Rhodes finalists and four winners from Brown, Dunleavy said. There were three Brown student finalists for the Marshall Scholarship, of whom only Werle was chosen. Mason-Brown / / Scholar page 3
courtesy of clayton aldern
Clayton Aldern ’13, above, was awarded the prestigious Rhodes Scholarship, which pays for two years of study at Oxford University.
Insider trading case may implicate Corporation trustee Dorms’ new By Eli Okun Senior Staff Writer
Federal authorities leveled charges last Tuesday against a portfolio manager formerly employed by an affiliate of SAC Capital Advisors L.P., the hedge fund founded by Corporation trustee Steven Cohen P’08. The charges detail what could be one of the largest insider-trading schemes on record, and mark the fourth time in recent years that current or former employees of SAC Capital have been embroiled in insider-trading allegations. Though Cohen was not named in the criminal and civil suits filed Tuesday by the U.S. attorneys’ office in Manhattan and the Securities and Exchange Commission, some national media outlets portrayed the charges as part
of a federal probe that has been slowly closing in on Cohen. The Wall Street Journal identified Cohen as the man referred to as “Portfolio Manager A,” the “owner and founder” of the firm, in the SEC’s civil complaint. The suit said Portfolio Manager A authorized several trades based on information obtained via insider trading, though it did not allege Portfolio Manager A was aware of the illegal methods being used. Mathew Martoma, the portfolio manager implicated in the suits who left SAC Capital in 2010, is alleged to have received advance information in 2008 on the negative results of clinical trials for a new drug to treat Alzheimer’s. Martoma allegedly urged SAC Capital to sell short its stock holdings in Elan Corporation
P.L.C. and Wyeth Pharmaceuticals, the drug companies involved in the trials, just two weeks before their results were made public. The combination of profits earned and losses avoided on the trade amounted to $276 million, which prosecutors deemed the greatest insider-trading windfall ever. Federal authorities tried unsuccessfully to persuade Martoma to become a cooperating witness in a larger criminal case against Cohen a year before they charged the portfolio manager with insider trading, the Wall Street Journal reported last Thursday. An agent from the Federal Bureau of Investigation showed up at Martoma’s Florida home but was unable to get him to assist with the investigation of Cohen, though Martoma’s cooperation could have
reduced the length of the prison sentence he would face if convicted. The new revelation highlights authorities’ ambition to build a strong criminal case against Cohen. The charges come as part of a broader government crackdown on illegal insider trading in recent years, amid extensive federal investigation into whether Wall Street has inappropriately received advance notice about clinical trial results. There have been more than 170 insidertrading actions advanced by the SEC in the past three years, according to an SEC press release. “Mr. Cohen and SAC are confident that they have acted appropriately and will continue to cooperate with the government’s inquiry,” SAC Capital spokesperson Jonathan Gasthalter told / / Trading page 2
Alum named Miss West Virginia, heads to nationals By Molly schulson staff writer
courtesy of chelsea welch
Chelsea Welch ’12, above center, said her time as captain of Brown’s cheerleading team helped her win the title of Miss West Virginia this year.
In the midst of chaos — 27 women hurriedly throwing on dresses, applying makeup and styling hair to perfection — Chelsea Welch ’12 sat calmly off to the side, collecting her thoughts. But her relaxed state would not last. Soon, the women would be whisked away from backstage, cued to present themselves in front of an audience and judges they needed to impress with their physiques and interview skills. Welch passed with flying colors. Welch won the title of Miss West Virginia in the Miss USA pageant earlier this year, as well as the judges’ pick for Most Photogenic, and if she wins the Miss USA competition in early June 2013, she will become the first Miss USA winner in history to hail from West Virginia. “The judges found someone here who was extraordinarily poised, com-
fortable in her own skin and obviously very well-educated,” said Randy Sanders, West Virginia’s state director of the Miss Universe Organization. While at Brown, Welch was captain of the cheerleading squad. Performing in front of football fans helped boost her confidence, she said. “I grew to be more comfortable in front of large crowds, so I wasn’t nervous on stage,” she said. As an Ivy League graduate, Welch might not fit the typical pageant stereotype, but she said she believes her education has given her an advantage. “People don’t expect me to be smart, and they are really shocked that I can form a complete sentence and communicate my thoughts in a cohesive manner,” Welch said. She said judges are sometimes surprised by her communication skills. “She has made the judges feel very comfortable / / Pageant page 3
recycling system adds ease, order By hannah kerman Senior Staff Writer
The Office of Energy and Environment instituted a new single-stream recycling policy in residency halls this year, allowing paper, plastic, glass, aluminum and all other recyclable materials to be disposed of in the same large blue bins. The new program is “trying to make it easier for students,” said Jeff Baum ’15, who worked for Facilities Management over the summer and is currently a member of the Brown Climate Action Forum. The renamed recycling rooms are much more organized, Baum said. There are two sections of bins, one for landfill trash and one for recycled items. In the corner, there is a specific section for cardboard. In the previous recycling system, students were expected to sort their waste, but “recycling can be pretty messy,” Baum said. Recycling cardboard earned Brown $53,370 in 2011, wrote Kai Morrell ’11, outreach coordinator for the Office of Energy and Environment, in an email to The Herald. On average, the University makes around $32,210 from recycled cardboard rebates. The reduced amount of trash also allows Brown to save $32,000 to $35,000 on tipping fees each year, Morrell wrote. Morrell added that since Providence already operates on a singlestream recycling system, adopting it in dorms will better prepare students for moving off campus. But she said the University sees an increased value for its recyclables if streams are kept separate, so academic buildings still operate on the / / Recycle page 5