November 17, 2017

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The Chronicle

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T H E I N D E P E N D E N T D A I LY AT D U K E U N I V E R S I T Y

FRIDAY, NOVEMBER 17, 2017 DUKECHRONICLE.COM

ONE HUNDRED AND THIRTEENTH YEAR, ISSUE 35

MONEY OFFSHORE

UNIVERSITY

Students, professors explain need for Asian American studies program By Bill McCarthy Staff Reporter

Duke students and faculty are continuing to push for the creation of a program in Asian American Studies despite years of resistance from University programs. The Asian American Studies Working Group—formed in October 2016 and consisting of students, faculty and staff—convened Monday to review the history of Asian American Studies at Duke. For several years, students have advocated for the establishment of an Asian American Studies major—a campaign that began in 2002 and was renewed after the controversial Asian-themed party hosted by the Kappa Sigma fraternity in 2013. On Wednesday, Duke Student Government also passed a resolution in support of the creation of an Asian American Studies program. According to the resolution, the program should “include a fully operational department, tenure-track faculty and academic major” and should be part of “an effort to bring a broader range of perspectives to the university.” “I think it’s fair to say that all people deserve to understand themselves and those around them,” wrote Christine Lee, president of the Duke Asian Students Association, in an email. “This is not just a problem of Asian American students not being generally supported by the institution...this is a gap in Duke’s academic research and an area in which Duke is being left behind.”

Few of us are trained in Asian American Studies, which is a legitimate and respected field of study. LEO CHING

What the Paradise Papers reveal about Duke’s endowment By Adam Beyer | Digital Content Director

Neelesh Moorthy | Towerview Editor

Recent revelations from the Paradise Papers have shed light on investments and investment tools used by Duke University’s endowment. The New York Times reported that as recently as 2015, Duke owned shares in Ferrous Resources, an iron mining company in Brazil. The report indicated that investment funds connected to Duke held more than two million shares in the company. At a meeting of the Advisory Committee on Investment

Responsibility Tuesday evening, its chair—Lawrence Baxter, William B. McGuire professor of the practice of law—said that Duke has owned an “extremely small” stake in Ferrous Resources since 2007 and has been declining since. According to the New York Times report, Duke is also one of many universities using so-called offshore “blocker corporations” as part of its investment practices to avoid paying taxes on certain investments. Ferrous Resources Ferrous Resources is involved in mining operations in Minas Gerais, a state known for its mining of iron-ore

in Brazil. In 2010, the company announced plans to create an iron slurry pipeline in the region, but there was considerable pushback against the project, leading to its discontinuation. According to The New York Times, a 2010 environmental study found that more than 100,000 people could be affected by dust, soil degradation and poor water quality as a result of the pipeline. Paul Baker, professor of earth and ocean sciences, said that the mining industry in Minas Gerais has been controversial. He cited the 2015 spill of 50 million tons of mud and mining See PARADISE on Page 4

ASSOCIATE PROFESSOR OF ASIAN AND MIDDLE EASTERN STUDIES

Sophomore Annie Yang added that Asian American Studies “has potentially a lot to offer,” and that a program would show that Duke cares about its Asian population. Approximately 25 percent of undergraduate students in the Class of 2021 identify as Asian, Asian American or Pacific Islander, according to a report from the Office of Undergraduate Admissions. Leo Ching, associate professor of Asian and Middle Eastern Studies who has supported student demands for an Asian American Studies program since 2002, noted that an understanding of America is incomplete without specific attention to the study of Asian American experiences. “A major university like Duke has the intellectual responsibility to educate all students, not just Asian Americans, on the histories and cultures of this diverse group and their contributions to the United States,” Ching wrote in an email. He said he foresees an Asian American Studies as an interdisciplinary and inter-ethnic program that examines the lived experiences of peoples of Asian descent in America. Aamir Azhar, Trinity ‘18, who helped lead Monday’s work study group meeting, added that such a major could include an introductory survey course and See ASIAN AMERICAN on Page 6

Duke alum accused of sexual misconduct talks to finance class about ‘bro culture’ By Claire Ballentine Towerview Editor

For students in the “Managerial Finance” class, last Thursday’s meeting featured something more interesting than typical lectures—a talk from venture capitalist Justin Caldbeck, Trinity ‘99 and a former walk-on for the men’s basketball team. Edwyn Tiryakian, lecturing fellow of Markets and Management, hosted Caldbeck to speak about the maledominated environment in the world of finance. In June, Caldbeck resigned from his role leading venture capital firm Binary Capital amid allegations of sexual harassment and unwanted sexual advances, setting off a wave of harassment claims from women in Silicon Valley. “If we’re going to make change, men need to behave better,” Caldbeck said in an interview with The Chronicle. “Part of what needs to happen is more education around

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these issues.” He explained that his presentation to the class focused on the “bro culture” that can begin in college and continue into the professional world. “The talk was exactly what I wanted,” Tiryakian said. “It was a guy who had that male culture that dominates finance. It cost him everything, so I think that resonated with both the male and female students.” Representatives from We Are Here Duke, which advocates against sexual assault and gender violence, said they were disappointed that Duke chose to give Caldbeck a platform to speak on campus. “A person accused of sexual assault—no matter how successful—should not be speaking to students about how to reform ‘bro culture,’ especially when he does so in an effort to absolve himself from his own problematic

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November 17, 2017 by Duke Chronicle - Issuu