Vol. CXXXV—No. 54
Thursday, April 14, 2011
columbiaspectator.com
CU Charge to lead student council
STRONG SUPPORT
CCSC races report high turnout; USenate, ESC results released BY MELANIE BRODER, SAMMY ROTH, AND SONALEE RAU Columbia Daily Spectator
ZARA CASTANY / STAFF PHOTOGRAPHER
TAKING STEPS | Columbia students who have experienced sexual assault say that friends have been important in moving forward.
‘Inside Job’ sparks three reviews of disclosure policies BY SHIRA POLIAK AND SAMMY ROTH Columbia Daily Spectator In 2006, the Iceland Chamber of Commerce paid Columbia Business School professor Frederic Mishkin $134,858 to coConflict of author a report Interest on Iceland’s economy and second banking sys- Thisinisa the three-part tems. In the series about the University’s report, titled disclosure policies. “Financial Stability in Iceland,” Mishkin painted a bright picture of the country’s economic future, but he did not disclose who was paying him to write it. “Although Iceland’s economy does have imbalances that will eventually be reversed, financial fragility is not high and the likelihood of a financial meltdown is very low,” Mishkin wrote. Two years later, Iceland’s economy collapsed. Its major banks failed, its currency lost much of its value, and thousands of its citizens lost their jobs. The New York Times wrote at the time that, to Icelanders, “the collapse came so fast it seemed unreal, impossible.”
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Mishkin was confronted about his report in the documentary “Inside Job,” which explores the roots of the global economic crisis and won the Academy Award for Best Documentary Feature in February. The movie also featured an interview with Business School Dean R. Glenn Hubbard—a one-time top economic adviser to former President George W. Bush—who is paid $250,000 per year to sit on the board of insurance giant Metropolitan Life. Mishkin, who declined to be interviewed for this story, has said that many of the factors that caused Iceland’s economy to collapse had not yet emerged when he wrote the study. But that has not stopped “Inside Job” director Charles Ferguson and others from alleging that Mishkin, Hubbard, and other leading economists’ paid consulting work frequently influences their scholarly work. Columbia professors and administrators say that “Inside Job” has brought the issue of conflict of interest to the public’s attention in a powerful way. The film has prompted Columbia to reevaluate its policies and consider whether professors should be required to disclose all paid outside consulting jobs to the University.
“The ability of the movie— whether rightly or wrongly, fairly or unfairly—to tie the crisis to the advice of economists that might not have been accompanied by appropriate disclosure has certainly brought the issue to the floor,” economics department chair Michael Riordan said. ‘a serious shortcoming’ Columbia’s current conflict of interest policy requires researchers to report to the University any financial interests that relate to their research before that research gets underway. That way, potential conflicts can be reviewed and resolved, Columbia spokesperson Robert Hornsby said. The policy also requires researchers to disclose relevant financial interests in all publications, presentations, or other reports of their research. But the current policy, which was implemented in 2009, does not require faculty members to disclose consulting work or other activities, such as positions on corporate boards, to the University. Columbia University Medical Center professor Samuel Silverstein, a University senator and longtime advocate for greater faculty disclosure,
called the policy’s lack of such a requirement “a serious shortcoming,” saying that transparency is key. “Without such disclosure, the University has no way to determine … whether faculty have been truthful in reporting financial conflicts in their University research, or in work they do in their consulting practices,” Silverstein said in an email. The University is currently conducting three reviews of its conflict of interest policies: one by senior administrators, one by the University Senate, and one by the Business School. Ferguson will talk to the University Senate tomorrow after a private senate screening of his film. The debate on campus has centered on whether professors should be required to disclose outside consulting work to University administrators. University President Lee Bollinger said in a recent interview that faculty members should be required to disclose their consulting work to the deans of their schools. “I also believe that everyone should have to disclose their outside activities to their respective
SEE POLICY, page 2
Core Scholars competition to name winners next week BY SONALEE RAU Spectator Senior Staff Writer
The contest—which seeks reflections on Columbia’s Core Curriculum for a cash prize of $200—closed last month, and winners will be announced next week. The competition is intended to “encourage a conversation
Student council election results were released on Wednesday night, ending several crowded races—including one with historically high voter turnout rates. The CU Charge party, led by president-elect Aki Terasaki, CC ’12, will take over as the Columbia College Student Council Executive Board, beating out two other parties, and incumbent Alex Frouman, CC ’12, and Eduardo Santana, CC ’13, were elected to the University Senate. In the CCSC races, 45 percent of students voted— the largest turnout in years, marking an 18-20 percent increase in participation. The Engineering Student Council—which announced its new executive board headed by Nate Levick, SEAS ’12, last month—also released results for its class councils Wednesday evening. columbia college student council “Shocked? Can we go with that?” Terasaki said after he heard the news Wednesday evening that he would be the new CCSC president. “I always knew our team had the potential to win, and I think the other teams did too.” He described the other parties, Unite CU and Better Columbia, as “really, really strong competitors.” Elections Board Chair Alex Rosen, CC ’12, said that the number of voters was “the highest we’ve seen since I’ve been here.” They received between 18 and 20 percent more votes than last year. “A big part was there was a lot of competition,” Rosen said. With three executive board parties, six senate candidates, and four 2013 parties, “there was a lot of excitement,” he said, adding that there was aggressive advertising this year. The race was closest between CU Charge and Better Columbia, led by Barry Weinberg, CC ’12. Since there were three parties running, the winner was decided not simply by who got the most votes, but a combination of the number of votes and how students ranked their preferences. This ranking system was used
for all other council positions as well. “In the first round, they were fairly close,” Rosen said of the executive board numbers, but “in the second round, it broke towards CU Charge.” The party that came in third place, Unite CU, headed by current Vice President of Policy Andrew Nguyen, CC ’12, entered the voting period this week after losing its VP of policy candidate Elizabeth Kipp-Giusti, CC ’12, who stepped down for personal reasons on Sunday. The party ran with a four-person ticket. Terasaki, discussing his priorities, said he planned to implement an online portal system where students can access all Columbia-related sites, such as Courseworks, SSOL, and Cubmail. “First thing we’re going to do is get in the office of CUIT and make sure they understand students’ priorities,” he said. Another thing he stressed was giving more funding to student groups. “We really believe that’s where the strongest bonds of community are formed,” he said. “Giving student groups the ability to put on the events that they want to do, and bring out people who are interested in attending those events, is one of the most important things we can do as a student council.” The ticket hopes to increase outreach to students, said newly-elected Vice President of Campus Life Jasmine Senior, CC ’12. “The free food will still be there, but expect more.” Both CU Charge candidates and Elections Board members say one of the highlights of this elections season was Sunday night’s debates. “It was a very candid conversation and I think it brought out a lot of differences in our parties’ ideologies,” Terasaki said. The members of CU Charge said they will pay attention to the issues raised by the other parties and their supporters. “We’ll still be their liaison to the administration to get things done that they want,” Jasmine said. “We still care about them, we want to see their issues resolved as well.” university senate In the University Senate elections, students elected incumbent senator Alex Frouman, CC ’12, and Eduardo Santana, CC ’13,
SEE ELECTIONS, page 2
CORE STRENGTH | Students meet with Core Scholars program creator Christia Mercer to discuss judging for the competition.
between different disciplines,” said Literature Humanities Chair Christia Mercer, who pioneered the program. Participants from CC, SEAS, and GS were eligible to submit works of music, art, theater, dance, film, poetry, or fiction linking different Core disciplines to be judged by an allstudent committee. “We’ve seen ... some unexpected pieces. Some stuff that we really just found beautiful,” Student Committee Chair Joey Shemuel, CC ’11 and former Spectator deputy photo editor, said. “To get students engaging with the Core outside of class is important.” Columbia College Dean Michele Moody-Adams and Dean of Academic Affairs Kathryn Yatrakis supported the project, and professor Roosevelt Montas helped organize the program, Mercer said. “The program is designed in part to encourage discussion— maybe even debates—among students, and since students are involved in judging the entries, I am sure that there been an
on-going and robust exchange of ideas, opinions and visions about the Core,” Yatrakis wrote in an email. “I hope that it becomes an important and creative part of students’ academic experience here at Columbia.” Mercer said that students who were deemed “representative of their departments” by department heads and professors in fields including music, art, and film were selected and referred to her for the committee that selects winners. Shemuel said that receiving entries was slow going, but that submissions eventually picked up. “It’s the first year, we weren’t really sure. At the beginning we were a little bit apprehensive,” he said. Though winners have been decided, they will not be announced publicly until next week, Mercer said. “I can tell you there’s this really interesting take on Jackson Pollack with a feminist twist ... but again, I don’t want to say too much,” Shemuel said. sonalee.rau @columbiaspectator.com
A&E, PAGE 3
OPINION, PAGE 4
SPORTS, PAGE 8
EVENTS
WEATHER
Barnard hosts 18th annual WBAR-B-Q
Dirt-poor graduates
Sophomore sensation
A Decade of Debt
Today
Hosted by WBAR Barnard College Radio, the festival brings the indie rock of Real Estate, the psychedelic beats of The Crystal Ark, and the sounds of other bands to campus.
Don’t let them see you sweat
Sophomore Nicole Bartnik has shone in her second year as the Lions’ No. 1 women’s tennis player.
The Program in Economic Policy Management presents a talk with Carmen M. Reinhart on public debts. Shapiro Hall, Davis Auditorium, Room 412
Around 100 undergraduate students submitted entries across disciplines and media in Columbia’s first Core Scholars competition.
ZARA CASTANY / SENIOR STAFF PHOTOGRAPHER
Being young and unemployed may lead us to make desperate decisions.
Setting unrealistic standards of perfection can be detrimental to us.
REMEMBERING CHILDHOOD
KATE SCARBROUGH / STAFF PHOTOGRAPHER
READING IN | President Barack Obama’s sister, Maya Soetoro-Ng, read from her new children’s book on Tuesday.
Tomorrow
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