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Wednesday october 21, 2015 vol. cxxxviii no. 93
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GOTTA DANCE
U N I V E R S I T Y A F FA I R S
Emergency response app to be launched
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By Christopher Umanzor contributor
In Opinion Columnist Barbara Zhan discusses perceptions of leadership on campus, and contributor Pranaya Anshu advocates for extended weekend dining hall hours.
NATALIA CHEN :: PHOTO EDITOR
The annual Princeton Ballroom Dance Competition was held last Sunday in Dillon Gym.
A new emergency response mobile application that would enable students in dangerous situations to call the Department of Public Safety simply by swiping right will be available during the 2015-16 academic year, Environmental Health and Safety director Robin Izzo announced at the Coun-
cil of the Princeton University Community meeting on Oct. 12. Both Izzo and DPS deferred comment to DPS Infrastructure Operations Manager Taylor Keller. Keller explained that the app will allow a student to send a distress signal to DPS by simply swiping right on the app’s screen. Once swiped, the caller’s See APP page 2
LECTURE
Today on Campus 4:30 p.m.: Nancy Duff Campbell, founder of the National Women’s Law Center, will present a public talk as this year’s Judith H. Rawson and Robert Rawson Distinguished Visitor. Robertson Hall.
The Archives
Oct. 20, 1981 Princeton freshman Melanie Drane spent three long nervous hours quarantined in her single in Lourie Love Hall in a radiation ordeal.
News & Notes 19 students diagnosed with hand, foot and mouth disease
Nineteen students in total have now been diagnosed with hand, foot and mouth disease since the beginning of this academic year as of Tuesday afternoon, University spokesperson Martin Mbugua said. Thirteen cases had been reported as of last Thursday. According to the Centers for Disease Control and Prevention, hand, foot and mouth disease is a viral illness common among children under five years old. Symptoms include reduced appetite, sore throat and malaise. Painful sores can develop in the mouth, as well as red blisters. A skin rash, sometimes with blisters, may develop on the soles of the feet, palms of the hands, knees, elbows, buttocks or genital area. The disease can occur in adults and is spread through close contact with an infected person or contact with a contaminated object such as a doorknob. An infected person is most contagious during the first week of infection and should stay at home. Treatment consists of symptom management including taking pain relievers to reduce fever and using mouthwash to numb mouth pain.
Bernanke lectures on financial crises patterns By Katherine Oh staff writer
Having an individual, a company or a central bank willing to lend to banks is crucial in responding to financial panics, Former chairman of the Federal Reserve and former economics department chair of the University Ben Bernanke said in a lecture Tuesday. “Lender of last resort activity is a critical tool to stopping bank runs,” Bernanke said. Bernanke used the 1907 financial panic as an example, explaining that there was no central bank to deal with it as the Federal Reserve had not yet been instituted. A private citizen, J.P. Morgan, worked with his colleagues to respond to the panic, and Bernanke noted that Morgan employed essentially the same tools used by central banks. However, the private sector’s response to the panic was not entirely successful and the economy suffered accordingly, he said. “It is striking, though, in this case because Morgan was
slow to respond, the panic actually got much worse and spread to most of the country,” Bernanke said. In contrast, the response to the 1914 panic was more efficient because the treasury utilized its power to create emergency currency, Bernanke said. An act of Congress allowed for the printing of up to 500 million dollars. He explained that the treasury in 1914 quickly and aggressively printed currency to lend out to the troubled banks of New York City so that they could pay their depositors, and this prevented the banks from collapsing. “The difference here was the very rapid, very comprehensive lending,” Bernanke said. “No banks failed and there was no recession that followed.” Bernanke explained that while the most recent financial crisis of 2007-09 involves a more sophisticated, globalized context, the comparison between 1907 and 2007 is still valuable because the crises are conceptually similar. Most financial panics share some common fundamental characteristics,
ANNA BURGHUIS :: CONTRIBUTING PHOTOGRAPHER
Former Federal Reserve Chairman Ben Bernanke delivered a lecture on Tuesday afternoon.
Bernanke said. For example, what triggers a financial panic is often small. While the financial panic of 1907 was one of the sharpest recessions in the history of the U.S., Bernanke noted that the 1907 panic had a trigger
BEYOND THE BUBBLE
which was amusingly trivial. Another common feature is the lack of liquidity in financial markets, Bernanke said, explaining that a liquidity crunch is when, because of the runs of the banks, nobody has any money.
More fear and more panic then ensues due to a phenomenon Bernanke referred to as ‘contagion,’ meaning the panic spreads to entire system through interconnections between financial inSee BERNANKE page 2
S T U D E N T A F FA I R S
5 U. alumni find entrepreneurship Forbes Café reopened experience at Venture for America Sunday following By Myrial Holbrook contributor
Five University alumni have participated in Venture for America, a two-year fellowship program for aspiring entrepreneurs, since the program was founded in 2011. Leandra Elberger, senior communications and development manager at VFA, said that VFA seeks to provide an alternative pathway to other paths such as finance and consulting. She explained that the organization recruits, trains and then helps to match college graduates with startups in 15 cities across the country, including Baltimore, Miami and Philadelphia. She noted that the list of cities VFA works in will be expanding this year. “That’s something that’s a big draw over some of these larger companies because you generally have to go to big cities to work there,” she said. “With Venture for America, you’re not only going to make an impact at a startup early on, but you can also make an impact in the community by being a young person in that com-
munity.” VFA fellows get access to a wide range of resources, support and training, Elberger said. “[VFA fellows] can learn the ins and outs of starting a business, see the trials and tribulations, gain some hard skills that they would need, and throughout the fellowship they would have access to programming that would help boost their hard skills, and also then access to capital, if and when they’re ready to start their own businesses after the fellowship is over,” she added. The five University alumni who have participated in VFA are Eleanor Meegoda ’12, Wesley Verne ’13, Emily Tseng ’14, Seth Forsgren ’14 and Emilie Burke ’15. Tseng is a former managing editor for The Daily Princetonian. Verne, who was matched with ZeroFOX and became its principal engineer, said that he was really attracted to VFA’s mission of putting the fellow in a small startup, seeing it grow and allowing the fellow to be important to all areas of the business.
“Personally, one of the biggest things that VFA taught me — one of the most important things I came out of training camp with — was just the way to speak the business language,” Verne added. Verne said that he participated in the fellowship because he had been an engineer in college and wanted more exposure to the business side of engineering. Forgsen said he appreciated the role of VFA in his career path for helping him get his own company off the ground. “[VFA] is definitely not a program for people who want to be told what to do,” Forgsen added. “You need to be a self-starter.” Burke, the most recent VFA fellow from the University and current customer success analyst at Allovue in Baltimore, Maryland, said that she decided to participate in the fellowship because working for a startup gives the fellow the advantages of being on a small team and having a direct input in the company. “When I have questions, I See VFA page 3
refurbishment By Claire Lee contributor
Forbes Café, a small café within Forbes College that sells beverages and snacks, reopened on Sunday. The café was being refurbished over the first couple weeks of school, manager Chanyoung Park ’17 said. Park was appointed manager of the café last fall. Park explained that the café was originally built two years ago and became a functional café starting last year. She said that the café needed redecorating because the decorations fell down over the summer. The café, located across the main entrance of Forbes dining hall, is open from 9 p.m. to 1 a.m. every day, Park said. Food options include baked goods, hot chocolate, coffee, tea and snacks, she added, and all options are under two dollars. One big change, Park noted, is the café’s new espresso machine that makes espressos and lattes from Small World Coffee beans. Students said that the
café offers an affordable, relaxing space for them to study and socialize. The prices in Forbes Café are a lot more affordable than prices at other food locations on campus, including Wawa and Frist Campus Center, Sri Nimmagadda ’18 said. “Forbes Café feels a lot more homey; the aesthetics are enhanced with more decorations,” Nimmagadda said. “I really missed the café, so I’m glad it’s back.” Jenny Kaufmann ’19 said that the café is much closer to where she lives in Forbes than the Wawa and that she would probably go to the café about two times a week. Park also said that as a new addition, Forbes Café owns its own set of mugs, each with the “Forbes Café” logo. Park said the café is now decorated in every corner with records, record covers and lights, creating an atmosphere in which students can socialize or study over a warm beverage. Maha Al Fahim ’19 said See FORBES page 3