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Monday may 11, 2015 vol. cxxxix no. 64
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U N I V E R S I T Y A F FA I R S
Class of 2019 yield highest ever
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20 percent
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In Opinion Editor-in-Chief Anna Mazarakis invites readers to give feedback through a reader survey, and the Editorial Board argues for USG campaign finance reform. PAGE 4
By Daily Princetonian Staff
Today on Campus 2 p.m.: The Pace Center will host a fundraising table to support response efforts following the earthquake in Nepal. Frist Campus Center 100 Level, Table #12
The Archives
May 11, 1983 The U-Council recommended that Firestone Library provide low-cost daily passes to people with no University affiliation.
PRINCETON By the Numbers
1,324
The number of students who have committed to the University for the Class of 2019.
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MELANIE HO :: STAFF PHOTOGRAPHER
USG hosted a study break with water balloons, squirt guns, snacks and therapy dogs on Thursday.
The University’s yield for the Class of 2019 is 69.4 percent, according to University Media Relations Specialist Min Pullan. The yield is the highest in the University’s history. Of the 1,909 admitted students, 1,324 have committed to the University. This year’s yield represents a 0.2 percentage point increase from last year’s yield of 69.2 percent. The University expects that over the course of the summer, the yield number will be reduced by 20-30 students because of “summer melt,” Pullan said. The target enrollment number for the Class of 2019 remains 1,310. Dean of Admission Janet Rapelye was not available for comment.
BEYOND THE BUBBLE
Q&A: U. Trustee Lisa Jackson GS ’86 By Christina Vosbikian staff writer
Lisa Jackson GS ’86, a University trustee and the 2015 Baccalaureate speaker, has been the vice president of environmental initiatives at Apple Inc. since 2013, and served as the administrator of the Environmental Protection Agency from 2009 to 2013. The Daily Princetonian spoke with Jackson about her academic trajectory and her views on the University. Daily Princetonian: What brought you to Princeton to get your masters in chemical engineering?
Lisa Jackson: Princeton is really generous with financial aid, and that makes a difference for kids who could otherwise not afford to come … To me, the first time I set foot on Princeton’s campus was when I showed up to go to school there. We didn’t have the money for a campus visit. I have kids today. I went on so many college visits with my boys, I can’t even count, but back in those days, believe it or not, all I knew was Princeton’s reputation. All of my professors at Tulane said you cannot make a bad decision to go there. They were very, See Q&A page 2
COURTESY OF APPLE, INC.
Lisa Jackson GS ‘86, a University trustee, will speak at the Class of 2015 Baccalaureate ceremony on May 31.
tips@dailyprincetonian.com STUDENT LIFE
News & Notes Dartmouth fraternity banned from campus after losing appeal
After being accused of branding its pledges in the buttocks with hot pokers, the Dartmouth fraternity that inspired the movie “Animal House” lost a lawsuit appeal and can no longer stay on campus, according to the New York Daily News. Dartmouth administrators announced the decision on Friday. Alpha Delta had been previously disciplined for other misconduct, including hazing and illegal distribution of substances to minors. Alpha Delta is one among many fraternity houses that have been closed in the backdrop of increasing national dialogue about sexual misconduct, racism and sexism on college campuses. Last week, a fraternity at the University of Florida was shut down following allegations of intoxicated members yelling and spitting on disabled veterans. In March, the University of Oklahoma shut down Sigma Alpha Epsilon after a video appeared in which members sang a racist chant. In January, Dartmouth announced plans to reform its fraternities, including a ban on hard liquor.
STUDENT LIFE
USG holds last senate meeting of Ng ’16, Xiao ’16 academic year, wraps up projects found student-run
By Katherine Oh staff writer
The Undergraduate Student Government senate held its last meeting of the semester on Saturday, in which it wrapped up projects and invited committee members for an end-of-the-year celebration afterward. At the beginning of the meeting, Honor Committee chair and U-councilor Dallas Nan ’16 introduced newly selected Honor Committee and Committee on Discipline members to the senate. “We had a very strong applicant pool. It wasn’t hard to select
five candidates who were going to do extremely well,” Nan said of this year’s selection process. The senate approved the selection of five new members and the reappointment of three candidates who currently serve on the Honor Committee. Stuart Pomeroy ’18, Vanessa Phan ’18 and Angela Hillsman ’18 will serve on the Honor Committee, and Charlie Shaw ’17 and Gabi Agus ’18 will serve on the Committee on Discipline. Charlie Jacobson ’16, Matthew Silberman ’17 and Carolyn Lisiewski ’18 were reappointed to the Honor Committee. Nan said that the returning
members will serve as great mentors for the new members. The senate approved the fall Lawnparties fund request of $72,000, which will allocate $60,000 for the main act and $12,000 for operational and food costs. Social chair Simon Wu ’17 said that approximately 1,100 students responded to a recent survey emailed to the student body by USG president Ella Cheng ’16. The survey asked students what genres they prefer for the Lawnparties act and the concert series for the fall. “The act we’re choosing is See USG page 2
LOCAL NEWS
Municipality considering replacement of town parking meters downtown By Olivia Wicki staff writer
Municipality authorities are looking into replacing current individual parking meters with newer multispace parking meters in the downtown area, the Princeton Packet reported. Potential plans include new parking meter implementation near University Place around McCarter Theatre. Currently, the central business district has single meters for each parking spot and each one uses coins or “smart cards,” that can be
loaded up with money to pay, Princeton Mayor Liz Lempert said. The newer parking meter model would employ individual pay stations for multiple parking spots and would also allow individuals to pay using credit cards or their smartphones. “Having something that interacts with smartphones is really appealing,” Lempert explained. As of September, the municipality has been conducting a trial run with the newer parking meters in the Dinky Station parking lot, Lempert said.
Municipality evaluations of the technology have been positive, but some obstacles, including cooperation with American Express, still need to be addressed before municipality-wide implementation of the technology can be achieved, Lempert noted. Lempert added that a number of towns, such as DuBois in Pennslyvania, that have similar downtown geographies to Princeton have implemented the newer parking meter technologies. Currently, there are approximately 1,100 parking meters in Princeton.
investment fund By Zoe Toledo staff writer
Mitchell Ng ’16 and Edward Xiao ’16 founded a student-run investment fund that currently manages $150,000 in assets. The investment fund, Thessalus Capital Management, focuses on exchangetraded funds and large market cap stocks to minimize risk and maintain a stable portfolio, Xiao said. “It’s about balancing risk, some high risk and high reward, as well as long-term stable investments, such as healthcare and technology, as well as [exchange-traded funds],” Ng explained. Ng said the two main goals of the fund are to generate positive returns and to beat the Standard & Poor’s 500 index. If the fund is successful, over time Thessalus will increase risk by incorporating long-short strategies similar to those of a hedge fund, Ng said, adding that Thessalus will provide seed funding for start-ups on campus. Seed funding is an early investment in a start-up that helps pay the initial costs of launching a company. Xiao said his team is not confining itself to any one sector. “We are doing what tradi-
tionally investment funds do, but at the same time we are taking on a portion that is somewhat like a venture capital business in that we are investing in very small companies like start-ups,” he said. Devansh Gupta ’16, the chief executive officer of Wolfpak & Pack Inc., will receive seed funding for his start-up from Thessalus management. Gupta’s company, cofounded with Rutgers junior Felix Young, created a social networking app called Wolfpak that applies the anonymous social media concept of Yik Yak to photos and videos. Wolfpak aims to change the way users interact with their surroundings and to empower people at social gatherings, including hackathons, protests or sports events, so that people feel like one body, Gupta said. Gupta said Wolfpak is one of the first investments Thessalus will commit to invest in over the summer. “The capital we are receiving from the fund will go toward Wolfpak’s large viral marketing campaign in August, as well as maintenance costs,” Gupta said. He added that his start-up is currently run on his savings, as well as Young’s. “Photos and videos cost See INVESTMENT page 3