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The Corne¬ Daily Sun Vol. 134, No. 29
THURSDAY, OCTOBER 26, 2017
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News
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Fred McChesney
Serious Business
The Wait Is Over
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Former law school professor Fred McChesney died on Oct. 12 at age 68.
David Gouldthorpe ’18 weighs in on the Chris Savino affair.
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Cornell men’s hockey is eager to being its regular season at home this weekend.
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Hundreds ‘Stand Together’Against Anti-Semitism Gathering follows statement signed by over 70 student organizations condemning anti-Semitic flyers By BREANNE FLEERS Sun Staff Writer
Hundreds of students rallied on Ho Plaza on Wednesday afternoon and condemned the anti-Semitic and white supremacist messages found on buildings across campus Monday morning. “No hate, no fear, everyone is welcome here,” students chanted. The stand-in came in response to the posters, which contained the messages, “Just say no to Jewish lies” and “Join the white gang.” “No Cornell student should feel unsafe on campus because of their religion, culture, gender, sexual orientation, ability status, race, socioeconomic status or ethnicity, again, only to name some,” said Danielle Eiger ’18, an event organizer. Since then, over 70 student organizations have signed a statement condemning these acts and other recent incidents “targeting the Latinx, Black and Muslim communities, as well as other marginalized people on campus.” “Given the atrocious nature of the flyers
found Monday morning, we cannot emphasize enough how much the Jewish community’s hearts are filled by the support of over 70 organizations and countless friends who have joined us in expressly denouncing anti-Semitism on our campus,” said Brandon Cohen ’18, event organizer and president of Cornell Hillel. During the event, speakers shared their personal stories about experiences with antiSemitism, read poems and described how their families were impacted by the Holocaust. Drawing on his visit to a large Polish city where residents lived directly across from a Holocaust-era concentration camp, Cohen urged members of the crowd not to be bystanders to hate. “Just because it’s not impacting you does not mean it isn’t impacting your friend. It does not mean that you are not playing a role in perpetuating hatred,” he said. See RALLY page 5
CAMERON POLLACK / SUN PHOTOGRAPHY EDITOR
Stand together | Hundreds of students gather on Ho Plaza wearing red to protest anti-Semitic flyers found on campus Monday morning.
Forbes Addresses Cornellians Klarman ’79 Rejects Calls
Urges tax, healthcare reform, optimism for economy By EMMA NEWBURGER Sun Assistant News Editor
As Republicans struggle to score a legislative win on taxes, Steve Forbes dismissed fears that the American economy is doomed to slow economic growth or secular stagnation as “preposterous.” Forbes, the chairman and editor-in-chief of Forbes Media and former Republican presidential candidate, blamed the
Forbes’ facts | Steve Forbes, chairman and editorin-chief of Forbes Media, speaks to students Wednesday night on the future of the American economy, healthcare reform and tax policy. MICHAEL WENYE LI / SUN ASSISTANT PHOTOGRAPHY EDITOR
current economic rut on correctable policy errors in a lecture sponsored by the Cornell Republicans on Wednesday. The real source of wealth in society derives not from physical things, Forbes said, but from the human mind, as the modern economy cannot prosper without “human ingenuity.” Free markets will always turn scarcity into abundance, he said, using automobile innovation as an example. “One hundred twenty years ago, a car costed over 110,000 dollars,” he said. “It was a toy for the rich. But Henry Ford came along with the moving assembly line and turned this toy for the rich into something every working person can afford.” Rejecting the argument that automation will deprive Americans See FORBES page 5
To Relieve Puerto Rican Debt
groups requested Klarman’s hedge fund, the Baupost Group, which owns $911 million in bonds backed Billionaire Seth Klarman ’79 — by Puerto Rico sales taxes, to forgive who manages a hedge fund that its portion of Puerto Rico’s bonds, owns nearly $1 billion in Puerto according to his letter. Prof. Andrew Karolyi, finance, Rican bonds — fought back against demands to wipe out its corroborated Klarman’s message, debt holdings on the island in a let- saying that forgiving Puerto Rican ter to his clients last week, saying debt may make investors more shy its residents will be better off in the about investing in the island and long run if financial obligations impede its ability to successfully raise funds in the future. were honored. “If Baupost cancelled its bonds, Canceling debts “may be well investors would intentioned,” logically extraKlarman wrote “Investors would logically polate that the in his letter, extrapolate that the possibility of The Wall Street Journal report- possibility of debt forgiveness debt forgiveness might ed, but would might come again.” come again, be “impractipushing up cal” as it would Prof. Andrew Karolyi future financundermine the ing costs and obligation of bond issuers to repay their obliga- worsening the budget deficit furtions that support Puerto Rico’s ther,” he told The Sun, pointing to the need to address the depth of credit markets. Klarman’s comments came in Puerto Rico’s long-standing trouresponse to intensifying calls to bles. “What we really need is for the expunge the U.S. territory’s debt to free up funds to help resolve its federal government to take the lead issues following Hurricane Maria, a to help Puerto Rico resolve its storm that left large parts of the See KLARMAN page 5 island in destruction. Activist
By JOHN YOON
Sun Assistant News Editor