Daily
Herald
THE BROWN
vol. cxlviii, no. 104
since 1891
TUESDAY, NOVEMBER 5, 2013
Strategic plan initiatives hinge on financial uncertainties The focus and success of an upcoming capital campaign will influence Brown’s direction By KATE KIERNAN AND MAGGIE LIVINGSTONE SENIOR STAFF WRITERS
Though President Christina Paxson’s strategic plan “Building on
The second in a four-part series
Distinction: A New Plan for Brown” has identified general objectives for University growth, formal plans for the allocation of University resources
to accomplish these goals have yet to be formulated. The Corporation approved the strategic plan the weekend of Oct. 26 and will soon convene a committee of key administrators to determine how to distribute resources for individual initiatives within the plan, said Provost Mark Schlissel P’15. The committee will then structure a capital campaign, a formal fundraising effort that will be launched to support the goals of the strategic plan. Building on Distinction does not include estimated costs of implementing each initiative, partly because the University “did not want to make promises it can’t keep,” Schlissel said. In the aftermath of the 2008 financial crisis, the University announced
losses on the endowment that compromised its ability to fulfill components of former President Ruth Simmons’ strategic plan, the Plan for Academic Enrichment. The goals of Paxson’s strategic plan, which include physically revamping the campus, increasing financial aid, expanding research, establishing a “virtual campus” and growing the size of the faculty and student body, “will need significant philanthropy,” Schlissel said. “We wanted to craft a plan that could be fulfilled in a financially responsible way in very uncertain times,” Schlissel said. Though Building on Distinction offers many broad visions, the University’s immediate projects will be contingent upon the bounds of its upcoming capital campaign — and those initiatives that promise » See PLAN, page 2
ALEXANDRA URBAN / HERALD
Several proposals in Paxson’s strategic plan, including the physical expansion of Brown’s campus, will require significant fundraising efforts.
Environmental task force to address climate change Trustee’s The committee will hedge fund present its findings to top administrators in the settles with spring prosecutors By MAGGIE LIVINGSTONE SENIOR STAFF WRITER
The University launched the Environmental Change Task Force — a committee composed of faculty members, administrators, undergraduates and graduate students — Monday, Provost Mark Schlissel P’15 wrote in a community-wide email. The group is charged with identifying issues pertinent to climate change on which the University can act at local and national levels, said Leah Vanwey,
the task force’s chair and an associate professor of sociology. Though the Corporation — the University’s highest governing body — decided at its meeting last month not to divest endowment assets from coal companies, the task force was not established in response to recent campus debate over divestment, Schlissel said. He added that divestment would not be on this task force’s agenda because other University committees, like the Advisory Committee on Corporate Responsibility in Investment Policies, have already researched the matter. Discussing it further would “go over the same ground,” he said. The task force was conceived last spring, when issues of potential divestment first arose and President
Christina Paxson felt the University needed a more formal way to address climate change, Schlissel said. He said he took recommendations from the Office of the President, the Undergraduate Council of Students, the Faculty Executive Committee and his own office before selecting the members of the task force. Schlissel said Vanwey was selected to chair the committee because of her involvement with the Environmental Change Initiative, an interdisciplinary research initiative created to “tackle significant problems in environmental change,” according to the initiative’s website. “I’m hoping that we’re going to come up with a robust suite of things that we can do within Rhode Island
and locally, and then nationally,” Vanwey said. Kelsey Ripp MD’16, the only Alpert Medical School student on the task force, was invited to join because she founded the Med School’s Environmental Change and Health Interest Group, she wrote in an email to The Herald. She added that though she does not yet have specific goals for the task force, she hopes to continue dialogue on how the medical community “can be involved in this discussion of Brown’s role regarding environmental change.” No members of Brown Divest Coal are on the task force, though Schlissel initially invited them to apply, said Tammy Jiang ’16, a member of Brown » See TASK FORCE, page 4
Ken Block enters Republican gubernatorial primary
By MARIYA BASHKATOVA SENIOR STAFF WRITER
Ken Block announced last week that he will run in Rhode Island’s 2014 gubernatorial election, competing against Cranston Mayor Allan Fung — who announced his candidacy Monday — for the Republican nomination. Block announced his candidacy last May, when he was a member of the Moderate Party. Block also ran for governor in 2010 and came in fourth with 6.5 percent of the vote as the Moderate
inside
CITY & STATE
Party candidate. Pressing issues “My 100 percent focus is educational and economic issues as they pertain to the state of Rhode Island,” Block said. To alleviate some of the state’s fiscal problems, Block will redirect “wasted” funds to beneficial programs if elected, he said, adding that he wants to improve the state’s business climate. Business owners can currently choose to operate in neighboring Connecticut or Massachusetts, where costs are lower, Block said. The state’s education system, especially in urban districts, is “broken,” and “the way to fix it is not high-stakes testing in high school,” Block said. “What that tells us is that we’re
failing,” he added. “What it doesn’t do is address, identify and fix the problem.” He said he hopes to enact education reform by restructuring K-3 education to identify children who face systemic disadvantages early on. By providing specialized instruction, Block said he hopes students can catch up with their peers. Block also said specialized schools with curricula designed to teach English language skills to English-language-learners and recent immigrants would benefit everyone. The state’s economic problems outweigh concerns for social issues, Block said, adding that the governor has a responsibility to deal with more pressing economic issues first. “The social issues are an afterthought for most Rhode Islanders, especially those without jobs,” he
said. Block said he also wants to engage in government reform. “The way Rhode Island governs itself is silly,” Block said. He added that he would like to rework the way the General Assembly functions and give the governor the power to lineedit the state’s budget — a power governors have in all but six states. In Rhode Island, the governor can only approve or veto the entire budget. Block has never held an elected office but said his professional experience as president of Simpatico Software Systems has informed his platform. “My company helps identify and find waste and fraud in social service spending programs for state governments,” Block added. » See BLOCK, page 3
‘Other Half’
Golden goal
Raise your voice
The Herald spoke with Sadia Shepard to learn about her new documentary
The men’s soccer team seized a late victory over Penn at home
The Brown ISO argues for more student action similar to the Ray Kelly protest
ARTS & CULTURE, 4
SPORTS, 5
COMMENTARY, 7
weather
The long-time Moderate Party candidate will run as a Republican in the 2014 gubernatorial race
Steven Cohen’s P’08 P’16 firm paid a recordbreaking sum and pled guilty to insider trading By ELI OKUN UNIVERSITY NEWS EDITOR
SAC Capital Advisors L.P., the oncepowerful hedge fund created and owned by Corporation Trustee Steven A. Cohen P’08 P’16, has reached a nearly $1.2 billion settlement with federal prosecutors, pleading guilty on five charges of insider trading, the U.S. Attorney for the Southern District of New York announced Monday. The guilty plea marks the first instance that SAC has admitted sustained wrongdoing, as well as the first time in decades that a firm of its size has confessed criminality. The hedge fund already paid out $616 million in separate settlements this summer, and the total $1.8 billion in plea deals sets the record for insidertrading charges, the New York Times reported. University administrators have repeatedly declined in the past to comment on the proceedings or whether they might affect Cohen’s role on the Corporation, beyond Chancellor Thomas Tisch ’76 saying in a statement in March that “there has been no pressure on Steve — or » See SAC, page 5 t o d ay
tomorrow
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