Thursday, Feb. 27 2014

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Thursday february 27, 2014 vol. cxxxviii no. 20

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LOCAL NEWS

EUROPEAN CONCERT

Town council sets 2014 goals

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By Jacob Donnelly staff writer

In Opinion Bennett McIntosh makes the argument that Princeton should actively work to admit more low-income students. PAGE 5

In Street Jennifer Shyue and Harrison Blackman talk to Princeton entrepreneurs, Cara Zampino defends crunchy snacks in the library and Annie Tao writes what your footwear says about you. PAGE 4

Today on Campus 8 p.m.: Princeton Hindu Satsangam hosts an open house event called “Chai and Chaat” in the Campus Club Dining Room, where savory indian snacks and chai tea will be served.

The Archives

Feb. 27, 1973 With room draw fast approaching and an anticipated need for 150 new women’s spaces in 1974, administrators plan dorm changes to include more coed living plans.

News & Notes Talk with Google executives canceled due to weather

An event featuring Google Executive Chairman Eric Schmidt ’76 and Google Ideas founder Jared Cohen was canceled Wednesday due to bad weather, a spokesman associated with the event announced. The event, titled “The New Digital Age: Transforming Nations, Business and Our Lives” was scheduled to take place at 10:30 a.m. on Wednesday in the Frist Campus Center Multipurpose Room. The spokesman said Schmidt had transportation difficulties coming from New York City in his helicopter. The event was intended to be a discussion between Schmidt, Cohen and Dean of the Faculty David Dobkin. They were going to discuss Schmidt and Cohen’s new book, “The New Digital Age,” which assesses the ways in which technology has transformed society and international relations. The event was free and open to the public and was supported by Princeton Public Lectures’ Vanuxem Fund. Schmidt graduated from Princeton with a degree in electrical engineering and served as CEO of Google from 2001 to 2011 before becoming executive chairman. “The New Digital Age,” which was released in 2013 and became a New York Times best seller, will be reissued in paperback with a new afterword on March 4. The spokesman said they would try to reschedule the event, but did not give any definite details.

REBECCA TERRETT :: PRINCETONIAN STAFF PHOTOGRAPHER

Members of Princeton Glee Club rehearse for their upcoming concert “Souveiners from Europe.”

The Princeton town council recently established a list of priorities to accomplish in 2014. A number of mandatory commitments confront the council over the next year. These commitments include hiring a new town administrator to replace outgoing administrator Robert Bruschi, deciding on a new police chief and merging the former township and former borough’s codes, called “ordinance harmonization,” according to Princeton Mayor Liz Lempert. “This was a process that actually started a year ago, at the beginning of 2013. We solicited ideas about what our priorities should be, what our goals should be from each of the councilmembers, myself, staff and the community, and we had this enormous list of over 200 priorities,” Lempert said. “To start with 2014, we looked at that list and pulled out some of the big ones we still hadn’t gotten to and solicited ideas really from the council this time.” Councilwoman Jo Butler said she has been encouraged by the progress the town has

made over the past year. “Everybody has really been working all-out in all divisions,” Butler said. “We’ve had reconstruction of facilities … We had to rewrite personnel manuals. We’re rewriting the ordinances as we go.” One ongoing process has been improving “town and gown” relations, Lempert said. At a December town council meeting, the University and the town came to two conclusions. “One is when we disagree on things to have a mutual respect there and to be able to work through our differences, knowing that we might be able to come to the table with different needs and different expectations, but honestly try to work them out,” Lempert said. “And the other was, we have a large area where we have very complementary interests, and how can we better work together so that it’s a win-win for the both of us?” One of these projects of “complementary interests” will potentially involve working together to recruit local residents to work for the town and the University. “One of the conversations that we had when President Eisgruber came was about See TOWN page 4

ACADEMICS

McGraw launches Saturday study halls By Konadu Amoakuh staff writer

The McGraw Center for Teaching and Learning began holding study halls on Saturdays for the first time last week. McGraw study halls were previously held Sunday through Wednesday from 7:30 p.m. to 10:30 pm. While McGraw sessions that take place Sunday through Wednesday currently offer aid for 16 classes, the new Saturday sessions, which will be held from 1 p.m. to 4 p.m., only offer help for four of these 16 classes, Voge said.These four classes are

ECO 100: Introduction to Microeconomic, ECO 101: Introduction to Macroeconomics, ECO 202: Statistics and Data Analysis for Economics and MOL 214: Intro to Cellular & Molecular Biology. Associate Director Nic Voge said there are many limitations on other days of the week, like overcrowding and not having enough tutors, making an additional study hall beneficial. He added that McGraw had had an unprecedented 3800 visits in the fall. “We have some limitations with staff and space in Frist [Campus Center], so there’s a limited number of rooms …

that we can get a hold of,” Voge said. He explained McGraw hopes both to diminish its demand during the week and to extend its tutor pool to tutors who might not have been able to come in during the week. Politics major Chris McConnell ’14, who tutors for economics classes at the McGraw Center, said he thinks the additional session is needed. “Right now we’re only offering three econ classes and MOL, but for this semester, [the additional sessions] are definitely necessary,” McConnell said, noting that since problem sets for ECO 100 and ECO 202 are due on Monday,

McGraw currently sees a huge influx of students on Sunday. “The hope is that on Saturdays we’ll see a little bit more try to come and do their problem sets.” Voge explained McGraw had previously thought about adding additional study halls, and it was input from the students and tutors which ultimately precipitated the development of the Saturday McGraw session. “We did sort of an experiment last term in which we moved spaces [of study hall sessions], and we also collected input from students and from tutors,” Voge said.

“And both a small set of tutors mentioned [an additional study hall] and a few students did as well.” Voge noted that the addition of a Saturday session was discussed in questionnaires that some McGraw student patrons filled out as well as focus groups that 90 percent of tutors had attended. The new Saturday sessions have also gotten support from faculty and professors, Voge noted. Voge said professors of MOL 214, which did not have a study hall session before this semester, thought the Saturday sessions would be helpful See MCGRAW page 2

LECTURE

ACADEMICS

Former SEC chairman calls for transparency

Meck ’00 donates $150K to fund philanthropy seminar

By Chitra Marti staff writer

Transparency and accountability in financial markets are keys to investor confidence, former U.S. Securities and Exchange Commission Chairman Mary Schapiro argued at a Wilson School lecture Wednesday evening. Schapiro spoke in conversation with Wilson School professor Alan Blinder as part of the Wilson School’s Program in Leadership and Governance. Schapiro joined the SEC in January 2009, just seven weeks after the initial arrest of Bernie Madoff. She explained that at that time the SEC was facing a reputation crisis, noting that previous administrators had considered eliminating the agency altogether. “My timing was just awful,” Schapiro said. She joked that she had curled into the fetal position under her desk after accepting the position of chairman. However, Schapiro said, her previous experience at the SEC — she served as one of five SEC commissioners from 1988 to 1994 — led her to accept

the job with the hope that she could help the agency find its way again. Schapiro said her main goal upon joining the SEC was to increase the transparency and accountability of the financial market in order to form a resilient and reliable market structure. The financial industry is highly complex and is largely a force for good, Schapiro said, but “none of that works if we don’t have investor confidence.” She explained that by increasing transparency, both of the financial industry and of the SEC itself, the SEC could help regain the confidence of its investors, which would strengthen markets. When asked about the rise of Bitcoin, Schapiro said its lack of transparency made her very nervous. “That lack of transparency, that lack of accountability, at the end of the day, that’s very worrisome,” Schapiro said. Speaking of her time at the SEC, Schapiro said the SEC is always doing everything it can to hold individuals accountable See SEC page 3

By Do-Hyeong Myeong staff writer

Terrence Meck ’00, co-founder and president of The Palette Fund, donated $150,000 to FRS 157: Philanthropy to sustain the course for three more years. Last fall was originally supposed to be the last semester that the University would offer the seminar. FRS 157 is a course designed to give students practical experience in philanthropy. Under the guidance of Wilson School professor Stanley Katz, students learn the basics of philanthropy and make active decisions on how to spend their given budget for philanthropic purposes. The course has a certain amount of money each semester to donate to various charitable organizations. When asked why the University had to stop offering the course, Katz said that the previous donor, the Once Upon a Time Foundation, no longer wanted to provide funding and added that it would have been impractical for the University to

try and raise the funds by itself. The University would need to raise $50,000 per year to keep the class going. “The most obvious thing to do if you want to keep it going indefinitely would be to try to raise an endowment,” Katz explained, referring to the course. “But you’d have to raise a lot of money. An endowment pays for four to five percent annually on the principal, so to get enough principal to generate $50,000 a year, that’s a big number.” Meck, who had visited the seminar as a guest speaker in December, said that he was deeply impressed by the class and enjoyed speaking to students about his experience in philanthropy. The course was “something I wished that I had the opportunity to do when I was going to school,” he said, citing this as a motivating factor to fund the class. Katz explained that he kept in contact with Meck after he visited the class and noted that when Meck heard that the course was no longer going to be offered, he suggested to Katz that The

Palette Fund, where he serves as president of the board, could fund the seminar for several more years. Among other philanthropic efforts, the Palette Fund provides grant-making for education. “I think it is a wonderful step for what we do,” Meck said, adding, “I feel very confident that this money is in great hands.” Meck also noted that with the world changing rapidly, he feels like more and more young people should be represented in the world of philanthropy. “In the next coming decade or so, the younger generation, I think, would have the opportunity to bring philanthropy to a new level,” Meck said. “At 35, I still am the youngest person usually at the table [in board of directors meetings], and I think that needs to change. I think the younger generation should be a bigger voice in the world of philanthropy and in the world of creating change in our country and internationally as well.” Students who have taken the philanthropy seminar said they See DONATION page 2


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