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The Chronicle
DUKE UNIVERSITY Ninety-Ninth Year, issue 117
_
DURHAM, N.C.
THURSDAY, MARCH 18,2004
WWW.CHRONICLE.DUKE.EDU
DSG discovers SI4OK in unspent funds by
Karen
Hauptman THE CHRONICLE
In a special presentation at Wednesday night’s Duke Student Government meeting, President Matt Slovik announced the discovery of nearly $140,000 in unspent funds that has been accumulating in DSG accounts over the past five to seven years. The money came from undergraduates’ student activities fees, and past years’ DSG officers
failed to keep track ofeach years’ unspent funds, Slovik said. He initiated an audit of all DSG accounts last spring on the advice of immediate past Executive Vice President Justin Ford, Trinity ‘O3. “It seems that this was an oversight, and a failure in the past to accurately transfer appropriate funds,” Slovik told the Senate. “It does not appear that any money has been moved in an unauthorized manner.”
Treasurer
Quinton Walk-
er’s analysis of the accounts yielded alarmresults, ing Slovik reported: $14,000 in an old adminisMatt Slovik trative account designated for DSG’s former full-time administrative staff member, who was re-
leased from her position three years ago; $60,000 in depreciation funds for student organizations, which are set aside each year so that those groups can pe-
riodically replace technological equipment but which have never been used; $30,000 in 14 accounts that are effectively inactive; and $30,000 to $35,000 left in unmonitored accounts. Much of the money had been sitting in balance-forward ac-
counts, where student groups’ leftover funds are deposited at the end of the year. Each year the Student Organization Finance Committee distributes DSG’s portion of the activities fee to various student groups, which each have their own account within the Office of Student Activities and Facilities. Since those groups are non-profSEE DSG ON PAGE 7
Bornstein discusses new book BY CIND THE CHR
'
When Davi ated from Me years ago, he he wanted to with a Jaguar. But after a sent him trave goals took on ent texture. D said, gave way of richness,”
Jaguar—well, ists can own Ja Bornstein How to Changi Entrepreneurs a Ideas, profiles preneurs whotermination have effected positive change for millions of people across the world —spoke Wednesday at the Fuqua School of Business. Social entrepreneurship first drew his attention, he said, when he learned about Grameen Bank, an organization that provides credit to the penniless without any collateral, enabling its clients to create self-employment and eventually overcome poverty. “We should have more innova—
ANTHONY CROSS/THE CHRONICLE
David Bornstein speaks Wednesday night. live organizations like Grameen Bank,” he told an audience of about 150 people. “It was founded by entrepreneurs but fused with an ethical influence.” Bornstein described the entrepreneurial endeavors of a number of his book’s subjects, noting that each employed a mix of resolution and flexibility to drive their projects to success.
For example, he said, Fabio Rosa helped bring electricity to hundreds of thousands of remote rural residents in Brazil, weathering both governmental opposition and the demons of unprofitability. When Rosa realized that a distribution model he had been developing for over a decade was not viable, he switched to an entirely different approach and continued with his work, eventually landing on a solar powerbased model that was affordable to rural Brazilians and profitable to the distributing company. J.B. Schramm, another subject of Bernstein’s book, accompanied Bornstein in Geneen Auditorium Wednesday evening. Schramm founded College Summit, a program designed to motivate and enable “undervalued” high school students to attend
college.
“Students in the lowest income quartile who get As in high school go to college at the same rate as the highest quartile getting Ds,” Schramm said. “There is something wrong with this system.” SEE BORNSTEIN ON PAGE 7
Explosion destroys Baghdad hotel by
John Burns
NEW YORK TIMES NEWS SERVICE
A huge car BAGHDAD, Iraq bomb destroyed the five-story Mount Lebanon hotel in central Baghdad Wednesday evening. The explosion reduced an apartment block across the road to a tangle of steel, masonry and shattered furniture, and left an inferno of blazing cars and buildings that lit the night sky for hours. At least 27 people were killed and 41 wounded. Iraqi rescue teams clawed at the rubble with hands and shovels deep into the night, but no new survivors were
pulled clear after the first frenzied
hours. At least some of the casualties appeared to be foreigners, principally from neighboring Arab countries. The bombing was among the worst atrocities fo be carried out in Iraq during the American occupation. It came less than 36 hours before the anniversary of the first American bombing raid on Baghdad at dawn March 19 last year that signaled the start of the Americanled war to topple Saddam Hussein. Survivors of Wednesday’s bombing said Americans, Britons and other Europeans were among those staying at
the hotel, which has traditionally attracted visiting Arab businessmen and, and among westerners, people on modest budgets working for relief agencies and other organizations with business in Baghdad. But amid the pandemonium at the scene and at neighboring hospitals in the hours after the blast, no clear picture emerged as to the nationalities of the non-Iraqis who were killed or injured. American officers who had cautioned that pro-Saddam insurgents and SEE BOMBING ON PAGE 5
Acar bomb near Baghdad's MountLebanon Hotel killed at least 27.