Wednesday, January 27, 2016

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SINCE 1891

THE BROWN DAILY HERALD WEDNESDAY, JANUARY 27, 2016

VOLUME CLI, ISSUE 1

WWW.BROWNDAILYHERALD.COM

Paxson elected to Federal Reserve Bank of Boston board of directors Role entails representing higher education, private sector interests in implementing Fed policy By SHIRA BUCHSBAUM SENIOR STAFF WRITER

President Christina Paxson P’19 was elected to the board of directors of the Federal Reserve Bank of Boston, the Boston Fed announced Jan. 12. She will serve a three-year term on the nine-person board representing member banks and the public. Paxson’s responsibilities will include attending monthly meetings and conference calls, during which the board will review administrative business, oversee local implementation of federal policy and advise the president of the bank on its organizational structure, Paxson said. Paxson’s experience as both a researcher and administrator makes her a good fit for the role, said Darin Contini, assistant secretary of the Board of Directors. “Most significantly, she’s written on so many economic topics,” he added. In her role on the board, Paxson represents the business sector and contributes to the group’s geographic and gender diversity, he said. Paxson will serve as a Class B

director at the Boston Fed. Both Class B and C directors represent the public, while Class A directors represent the member banks, Contini said. Paxson noted that the distinction between the classes brings diversity to the decision-making process during board meetings. “After receiving a formal nomination from a member bank, Class B directors are elected by a subset of the 63 First District member banks,” wrote Nick Brancaleone, senior communications consultant at the Boston Fed, in an email to The Herald. Class B and C directors have “less substantive knowledge because we’re not bankers,” Paxson said, but they represent various industries, including higher education, agriculture and health. “The board, by design, has members that represent the public who are drawn from a wide range of industries,” Paxson said. “Higher education in New England is a major sector of the economy.” “I do not represent an entity that is regulated by the Federal Reserve. My responsibility is to make sure, to the extent that I can, that the Boston Fed is doing what (it) should,” Paxson said. Several board directors have gone on to be chairmen or presidents of their respective regional banks, but most return to their primary

MATTEO MOBILIO / HERALD

President Christina Paxson P’19 will serve a three-year term on the board of directors of the Boston Federal Reserve. She will help guide policy implementation and offer insight on the bank’s structure to its president. industries after serving on the board. Public service is paramount for those who serve on the board, Contini said. He added that after directors leave the board, they tend to remain “fixtures in New England” and continue to give back to the region.

Paxson said she took the role specifically because she “really like(s) being involved with public service.” She also brings relevant experience to the job, having just finished serving on a small committee overseeing the research division of the World Bank,

she said. Paxson said she kept the University’s best interests in mind when accepting this role. “The more I can learn about how organizations work, the more effective I can be as the president of Brown.”

Eric Estes named VP for campus life Fraternity formerly known as AEPi becomes Beta Rho Pi

Estes will assume role July 1, taking leadership of over a dozen campus centers and offices

Group cites religious bias, disagreements over sexual assault prevention as reasons for disaffiliation

By LAUREN ARATANI AND AGNES CHAN NEWS EDITORS

By MELISSA CRUZ SENIOR STAFF WRITER

Eric Estes will take on the role of vice president for campus life and student services beginning July 1, wrote President Christina Paxson P’19 in a community-wide email Jan. 14. Estes currently serves as vice president and dean of students at Oberlin College, Paxson wrote. As vice president for campus life and student services, Estes will oversee more than a dozen offices and centers, including the Brown Center for Students of Color, Counseling and Psychological Services and the Office of Residential Life, according to the University’s website. Former Vice President for Campus Life and Student Services Margaret Klawunn vacated the position in August when she stepped down to become vice chancellor at the University of California at Santa

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COURTESY OF BROWN UNIVERSITY

As vice president at Oberlin College, Estes was an “effective advocate for diversity and inclusion,” wrote President Christina Paxson P’19. Barbara. The search for a new vice selection committee comprised of president has been active since June administrators, faculty members and and was conducted by a 10-member » See ESTES, page 3

The Beta Rho chapter at Brown of the fraternity Alpha Epsilon Pi has separated from the international organization and become an independent fraternity under the name Beta Rho Pi. The change was made official Nov. 3, 2015, but the brotherhood had been contemplating the decision for years, said Ben Owens ’17, president of Beta Rho Pi. AEPi is a historically Jewish international fraternity that is “non-discriminatory and open to all who are willing to espouse its purpose and values,” according to the mission statement on the organization’s website. Despite this mission, the former AEPi chapter at Brown found that some members of the international fraternity held biases against their non-Jewish brothers, according to Owens’ op-ed in today’s Herald.

Beta Rho Pi will continue to welcome all prospective brothers regardless of their religious affiliation while retaining the fraternity’s Jewish identity, Owens said. “What it came down to was insurmountable ideological differences between us and (the international fraternity). Those differences, combined with the financial burden of being affiliated … made it clear we needed to disaffiliate,” Owens wrote in a follow-up email to The Herald. Another reason for the brotherhood’s disaffiliation was the international organization’s handling of sexual assault. According to Owens’ op-ed, representatives of the organization prioritized risk management when discussing sexual assault instead of emphasizing education and prevention. Some alums of the international fraternity were “in disbelief ” that the fraternity disaffiliated, said Jonathan Pierce, past international president of AEPi and current AEPi spokesman. The issues that Brown’s chapter discussed with the international organization were “not very credible,” he added. » See BETA RHO PI, page 3

WEATHER

WEDNESDAY, JANUARY 27, 2016

NEWS Professor Michael Littman stars as “overqualified tech genius” in TurboTax commercial

NEWS U. study suggests anti-epilepsy drug reduces marijuana use among young heavy smokers

COMMENTARY Owens ’17: Formerly AEPi, Beta Rho Pi splits from national fraternity to preserve values

COMMENTARY Johnson ’19: Oversensitivity better than complacency when choosing words we use

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Wednesday, January 27, 2016 by The Brown Daily Herald - Issuu