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Ihe LhromclS^ OCTOBER
WEDNESDAY,
20, 2004
THE
DAILY ATDUKE UNIVERSITY
ONE HUNDREDTH YEAR, ISSUE 42
Jewish
community
decries Chronicle Students voice
column, coverage Liana Wyler
by
door
an
hall
town
night
Life
meeting Tuesday
discuss
to
their
Although reporters allowed
the
at
ran
Robert Samuel
by
viewed
THE CHRONICLE
This is the first in ries aboutDuke Publish standard
which
by
major
lon S
the
search
has
set
tional
researchers
crisis
Duke
is
chain &
Noble to
nation,
and
books from trade and
publications.
But
ademic books failed
peer-re-
in
subto
“The
senior
Philip
increased strain
on
journal subscriptions,
spend only
monographs,
now
that
costs
fiscal year. The
libraries,
almost
spend
10
on
li-
investments
Paul Crowley
by
benefits,
THE CHRONICLE
The
University’s
financial
report
for the
The return
financially healthy,
marking
and
ments
Campaign versity’s ued
at
efforts
of the
for Duke in late 2003. The Uniassets
net
of
as
30
June
beginning
val-
were
billion—more than
than the Duke
more
“I think the sition
strong invest-
to
concluding
nearly $5.1
million the
the
$6OO
possessed
at
of the fiscal year.
University
financially
is in
a
now,”
right
accrued and
revenues
year. The
Executive
support
$1.38
during
of
The
versity’s Duke
$14.5
the
salaries more
dents
and
fiscal
expenses
budget
sur-
wages,
was
the Uni-
which
cost
$682
million. Other
costs
included
University spent
million
on
after the
the
of the
PAGE 6
was
was more
community
mistake
a
not
column] sensitive
shape
in to
the
on
to
away the
stu-
The
FCJL
students
the
out
ish
to
of
set
fleshing
is
will to
and
[to
how
the Jewtake.
soon
have
just
portunity, internally, Duke
to
discuss if
want
to
respond
executive-director of
of to
the
cautious
people
‘anti-Semitism,’ it, it is
Philip
our
to
but
duty
tional is
a
Gerstl,
Jewish life,
meeting.
listen
to
to
Jewish
The
by
coverage
said before the
bers
“We’re
what
mem-
community
say. There has been anger and
responses. At this
bit
op-
Jew-
at
recent
looking
an
for the
they
meeting.
see
through
in
public steps
community “Tonight
provided
means
participate
have
some
premature
a
on
highest
the last 10
years
point,
to
to
Kurian’s words
SEE MEETING
ON PAGE 7
percent in 2003
however,
due in
large part
to
a
attributed
ments to
by
which
returns
invest-
resurgent
the Duke
new strate-
&
Wages; $682 million
Benefits;s
TOTAL LIABILITIES; $l.l billion
142 million
Depreciation
& Amortization:
$ll2 million
OPERATING REVENUE: $1.38 billion OPERATING
EXPENSES; $1.36 billion
LARGEST REVENUES; Grants & Contracts:
INCREASE IN NET ASSETS IN FISCAL Tuitions and Fees:
University’s
YEAR:
$631
million
$353 million
$6.1 billion
endowment and other funds.
“[DUMAC] classes that
has
were
ago into classes of
The
versity’s
assets
its
assets
well several that
are
from VALUE OF UNIVERSITY years
doing
well
LAND, BUILDINGS & EQUIP-
UNIV INVESTMENTS: $3.7 billion
Trask said.
Campaign
fundraising
shifted
doing
MENT:
for
Duke
and
other
efforts contributed to the Uni-
financial
status.
Just
more
than
$142
employee
Salary
$5.1 billion
Management
the
invests
15
NET ASSETS:
market.
markets and
stronger
undertaken
LARGEST EXPENSES:
in 2001 and
declining
the
during
approximately negative
yielded
TOTAL ASSETS: $6.2 billion
since
return
University's
investments increased
4.6, respectively. SEE ANNUAL
REPORT ON
PAGE
7
18.8 percent this past
$l.l billion
fis-
cal year. Last year investments increased 6.6 percent. In 2002 and 2001
it
discuss
a
Trask said,
of increase
performance
2002,
gies
rate
year, of
rate
has been
Duke’s
percent.
this
lot
emo-
depre-
on
to
by
response
meeting
private
a
of controversy,
are
con-
hopes
the end of the week.
Solomon said
out.
19
FCJL’s public
“We
most
we
Outline
a
meet
personal-
Solomon said she
ish students
poten-
newspaper
to
of
in
community’s
campus,”
the word
when
the
to
Chronicle],”'Jonathan
[Kurian
grow
investments earned
percent
The average
right now,”
expense
than
significant operating million the
in
million.
largest single
just
to a
2000.
the
Company,
billion
University’s operating
$1.36 billion, leading
were
plus
almost
$lll
as
University’s
of 18.8
Trask
strong po-
Vice President Tallman Trask said. Duke
well
Jewish
Jewish
plans
Wednesday
ly explain
which
cov-
Broclhead
ciation and amortization.
2003-2004 fiscal year revealed that Duke is thanks
as
of and
the
the
call it
University
to
of the editors
use
SEE PRESS ON
news
alerted
already
Richard
have
them.”
on
letter and
with him
events, The
FCJL
part
that
ac-
generate
the
“I think it
in fact,
times
in-
topics
has
printed
they
community’s grievances
private
focus
should make.
Duke’s
to
major
semester
tial responses
percent
according
a
depiction
this
people
from
budget
concurrent
Chronicle’s
statistics from the 2003-04
brary
buy
29
was
Movement conference
Solidarity
research
rising
The Chronicle’s editorial
Monday,
Solomon
cerns.
erage of last weekend’s Palestine
like
are
stems
col-
a
Kurian that
volved The Chronicle’s
and
faculty
overcome
not
student
Jews,”
of the discussion. Other
university ones
on
pages
Press.
of their collections
university
to
to
libraries
across
sales for
as
of
like
would
elite
even
libraries. Because of
Borders
sprout up
they
to
nothing—-
from
University
trying
crunch.
bookstores
buying
sities and their
an
catalysts
began
The second obstacle univer-
through-
printing
of
purchases
presses,
complica-
situation
convoluted
current
the
humanities
that
discovering
are
two
Barnes
na-
complicated
the
at
stores
scale back—almost
point
their
perish.
education.
first started
the
in
on
higher
When
of academic presses,
economy
a
the
reputation.
But within
the
finding
the
publishing only slighdy
bordering
are
ca-
tracks and universities’
reer
to
the
stantially
Most experts that there agree
pro-
motion—both of professors’
author
one
professors
most
problematic,
out
profit,
scholars —are
by
the
re-
culture of
complex
a
pub-
of
are
tions in
faculty,
lishing
up
Duke
unihave
measured
their and
Although
by
inclined
increasingly
That’s the
versities
analysis
and evaluated
Press.
University
perish.
or
sive works written
three-part se-
a
monographs —expan-
FCJL
said
president, by
reviewed it reflects
the
senior
meeting,
Rachael Solomon,
anti-Semitic
the editors have
that what is
recognize
President
con-
were
I think
in The Chronicle after
about The Chronicle.
cerns
umn
to
the Freeman Center for
at
Jewish
at-
closed-
emergency
meeting with
replete
rhetoric.
45 students
Approximately
at FCJL
were
THE CHRONICLE
tended
about
concerns
University investments decreased
3.8 and
Investments increased 58.8 in 2000.
Source; Duke 2003-2004
University
Financial Report