THE STUDENT NEWSPAPER FOR DRAKE UNIVERSITY SINCE 1884
THE TIMES DELPHIC DES MOINES, IOWA | THURSDAY, FEB. 9, 2012 | VOL. 131, NO. 32 | WWW.TIMESDELPHIC.COM
Can Romney keep his momentum going?
‘Formidable contender’ needs to win over conservatives
by Erin McHenry
Staff Writer erin.mchenry@drake.edu
Mitt Romney is comfortably in first place for the Republican Presidential Nomination race. Having won over 100 delegates to the Republican National Convention, Romney must capitalize on his campaign in the next month to come out victorious on Super Tuesday, a win that would bring him even closer to the nomination. Recently the media have focused on showcasing his mistakes, such as his comment about the poor in Minnesota last week and his inability to connect with conservatives. Yet Romney has seemed to maintain the top spot in voter popularity. He won 39 percent of primary voters in New Hampshire, 46 percent in Florida and 50 percent in Nevada just this past Saturday. He’s created momentum in his campaign, but whether or not he will gain enough support to secure the nomination is still uncertain. “The media is in love with the idea that people don’t like Romney,” Rachel Paine Caufield said. “The big story right now is that Romney can’t connect with voters, but he’s getting 50 percent of primary and caucus wins. I don’t know how you really improve on that. Those are pretty strong results for him.” Caufield, an associate professor of politics at Drake, predicts Romney will receive the Republican presidential bid, so long as he continues to campaign effectively. “Romney’s best trait is that he’s got this slow and steady attitude towards the race,” she said. “It’s a campaign of calculated risk and calculated reward. He hit his stride at about just the right time.” Caufield noted that Romney would need to maintain this momentum to receive the bid, however. Politics and international relations
professor Dennis Goldford said winning over conservatives would be Romney’s biggest challenge. “Any particular ways he has altered his positions from what they used to be have been in a conservative direction,” Goldford said. “Romney is the guy your mom wants you to marry. He’s good looking, has lots of money, a great resume, a great job, but you don’t love him, and you don’t trust him. That’s the way Republicans feel about Romney, particularly conservatives.” That lack of trust divides voters amongst the other candidates. This split of the votes between Santorum and Gingrich, along with victories on Super Tuesday and in large delegate states, is what Romney needs to maintain a successful campaign. “Romney’s been playing a divide and conquer strategy,” Goldford said. “It’s in his interest for nobody to drop out just yet because it keeps fragmenting the field.” Caufield warned Democrats to keep an eye on Romney, too. She said she sees many people taking the election for granted. “I think among Democrats there’s this idea that Barack Obama is the same candidate that he was in 2008, and that same energy and excitement can be generated easily,” she said. “Mitt Romney is a formidable contender and anyone who isn’t taking him seriously is making a mistake.” Despite an excellent strategy, a wide base of supporters and several victories under his belt, Romney is far from winning the race. Rick Santorum won the Minnesota, Missouri, and Colorado primaries Tuesday, guaranteeing him over 40 delegates and moving him to second place, and Newt Gingrich is expected to triumph in the south. The campaign season has been fickle, and one wrong move could cost Romney the ticket.
AP PHOTO
State-by-State breakdown of the Republican Race Iowa: Santorum — 26.4% Romney —24.5% Paul — 21.4% Gingrich — 13.3%
New Hampshire: Romney — 39.3% Paul — 22.9% Huntsman — 16.9% Gingrich — 9.4%
Florida: Romney — 46.4% Gingrich — 31.9% Santorum — 13.4% Paul — 7.0%
South Carolina: Gingrich — 40.4% Romney — 27.8% Santorum — 17.0% Paul — 13.0%
Nevada: Romney — 50.1% Gingrich — 20.1% Paul — 18.8% Santorum — 10.0%
Colorado: Santorum — 40.2% Romney — 34.9% Gingrich — 12.8% Paul — 11.8%
Minnesota: Santorum — 44.8% Paul — 27.2% Romney — 16.9% Gingrich — 10.7%
Making tuition dollars count Facebook takes over
another aspect of users’ lives with an IPO Following the moves of other social media sites going public by Megan Bannister
illustration by JOEY GALE
by Erin McHenry
Staff Writer erin.mchenry@drake.edu
Every day, junior Quincy Brown wonders how he will pay tuition. He knows college is expensive. The cost of living is increasing, and most schools are raising prices as well, but Brown said he doesn’t see Drake’s costs supporting anything substantial. “I don’t think school should cost this much,” he said. “It causes me not to focus on school. I think ‘Oh my God, if I fail this, I’ll have to pay $36,000 for another whole year.” Brown worries about this because he saw his two best friends suffer through the same experience. All three came to Drake together as first-years, but now in his junior year, Brown is the only one left. The other two left the school after the combination of maintaining academic standards and affording rising costs became too challenging for them. “My Drake experience has been focused on money,” Brown said. “I go through traumatic experiences thinking about tuition on a semester basis. It’s the worst feeling ever.” Drake’s Board of Trustees recently announced that tuition costs would increase 4.1 percent for the 2012-2013 academic year. While the
increase aims towards improving students’ overall educational experience, many are upset with the changes. First-year public relations and management major Taylor Rookaird said that she doesn’t understand why room and board is increasing. She said the residence halls are of high quality, but if the costs are growing, students should be able to see some improvements. She added that the dining services could benefit from some additional funding. “Our food is fine, but it’s boring and repetitive,” she said. “Hubbell dining hours are very limited, too, so you get stuck eating at the Quad Creek Café.” Brown is a biochemistry-molecular biology and computer science major, and he said that he isn’t impressed with the classes he has taken in those fields. He said that many of his professors don’t seem to care about helping him succeed. Sophomore pre-pharmacy major Jared Netley said the tuition increase for second-year pharmacy students frustrates him most. Pharmacy students pay higher tuition to begin with, but tuition for the first three years of pharmacy school will increase by 4.1 percent, and in the fourth year the tuition increases by 4.4 percent for the 2012-2013 academic year. “(Fourth-year pharmacy students)
inside
don’t even go to school here,” he said. “We pay $37,000 a year, and we’re just off doing rotations.” While students may not support the allocation of funds, President David Maxwell and Vice President of Business and Finance Victoria Payseur stand by the Board of Trustees’ decision that the changes are in the school’s best interests. “We try to strike a reasonable balance between keeping the cost to students as low as possible versus what additional funding is needed to provide a high quality education,” Payseur said. The tuition increase for the upcoming year is actually less than it was the past two years, which was 5 percent. She said that including a J-term added 1 percent more to the price increase, which was only 3 percent on its own. “The administration and the Board of Trustees certainly understand that paying for a college education represents a significant financial commitment and investment on the part of students and their families,” Payseur said. She said that $50 million of Drake’s budget already goes towards student financial aid and makes up 37
SEE TUITION, PAGE 2
Staff Writer megan.bannister@drake.edu
From vacation photos to YouTube videos, Facebook users do a lot of sharing. Now the site is introducing a new type of sharing — stock sharing. On Feb. 1, the company filed a $5 billion initial public offering (IPO) in the hopes of expanding its Silicon Valley success story. “I think it’s a good business move because it will make it easier for (the company) to raise capital if they need to,” said Rick Long, assistant professor of practice and finance at Drake. Since the announcement last week, the tech community has been abuzz with user excitement and analyst opinions. “I think it’s a great idea for them to be going public,” said Jameson Riddick, a Drake senior finance major. Though Facebook claimed $3.71 billion in revenue in 2011, Long believes that it will be difficult to predict where the social media site could be headed. “It’s hard to know what the price of Facebook is just because it’s so different from how a lot of old-school stock analysts know how to look at companies,” he said. “It’s harder to know what a fair price is.” Despite Facebook’s roughly 845 million monthly active users, the site makes the majority of its revenue through advertising, according to the
company’s S-1 filing with the Securities and Exchange Commission. “Facebook was not originally created as a company,” said Facebook founder Mark Zuckerberg in a letter included in the site’s S-1 registration statement. “It was built to accomplish a social mission — to make the world more open and connected.” Though even with 2.7 billion likes and comments per day generating traffic, Facebook’s mobile and tablet apps do not currently display ads, a flaw that the company states as a risk factor in future ventures. But some users, like Riddick, believe that it will not be advertisers but the users themselves who will help to keep the site alive. “If I invest my money in Facebook, I can make sure that Facebook doesn’t die,” Riddick said. “It almost ensures that Facebook will still be going 20 years from now.” For a company that is almost entirely dependent on the interest of its users to exist, the introduction of an IPO can cause corporate changes, Long said. “The one thing I think that is a concern of theirs at Facebook is that when you go public it can sometimes change your company culture because your shareholders are looking for more results,” Long said. Other social media sites, like Groupon, Zynga and LinkedIn, have
SEE FBIPO, PAGE 2
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