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NEW HAVEN, CONNECTICUT · WEDNESDAY, NOVEMBER 5, 2014 · VOL. CXXXVII, NO. 47 · yaledailynews.com

INSIDE THE NEWS MORNING EVENING

CLOUDY CLOUDY

66 44

CROSS CAMPUS

YSO INSIDE THE HALLOWEEN SHOW

ELECTION DAY

DIVESTMENT

Students, Elm City residents get out the vote for their candidates

FOSSIL FREE YALE PRESENTS A NEW PLAN

PAGES 12-13 CULTURE

PAGE 3 CITY

PAGE 5 UNIVERSITY

BY NOAH DAPONTE-SMITH AND MICHELLE LIU CONTRIBUTING REPORTERS More than six hours after polls closed on Tuesday evening, results pointed toward a victory for Gov. Dannel Malloy in Connecticut’s gubernatorial race. While Malloy tentatively declared victory early Wednesday morning, Republican challenger Tom Foley refused to concede, but admitted that a defeat — his second to Malloy in four years — was probable. This is the protracted finale to the months-long gubernatorial race — one of the tightest and nastiest in the country. As of press time, Malloy held the lead with 50.3 percent of the vote, while Foley had garnered 48.6 percent. Malloy led by 14,683 votes. Eighty-one percent of precincts have reported their results, according to The New York Times. With results still coming in from precincts, Malloy claimed victory in a 12:30 a.m. speech to supporters at his Hartford headquarters. “We’re in a position to declare victory tonight,” he said. “We know what the big numbers are, and we are going to win this thing.” Shortly after Malloy’s speech, results from Hartford and Bridgeport, cities that he won by wide margins in 2010, began to come in. As of press time, Malloy holds a 69-point lead in Hartford and a 64-point

In our element. As polling

booths across the states sent in their numbers, Ivy Leaguers nationwide celebrated electoral success. Among Tuesday’s winners: Harvard/ Dartmouth grad Bruce Rauner, former Cantab Tom Cotton and Elizabeth Etsy LAW ’85.

Whaling season. As the Whaling Crew’s winter clothing campaign wraps up today, plans for its first hockey season event were unveiled last night. The superfan student group announced its Hockey Opener Whalegate for Friday afternoon before the men’s hockey team takes the ice against Clarkson in its home season opener.

Best of the (third) best.

Yesterday, Business Insider published a list of “16 Incredibly Impressive Students at Princeton.” The article included a senior who founded an app named “nofomo,” a piano-playing prodigy and the NCAA’s topranked hammer thrower. Suburban living. The

Huffington Post’s online College Magazine published a piece yesterday championing suburban colleges over those in cities like New Haven. We’re not quite convinced.

Prescient Preston. Author Richard Preston will be hosting a talk at the Whitney Humanities Center today on the subject on everyone’s mind: Ebola. Having penned “The Hot Zone” about the roots of the virus over 20 years ago, Preston deserves credit for beating the ongoing mainstream media craze by a longshot. Classy outside class. Today, the School of Music is hosting a Lunchtime Chamber Music event in Sprague Memorial Hall. Though it remains unclear whether or not guests can actually bring in lunch to enjoy with the performance, it’s bound to be an enjoyably enlightening one. THIS DAY IN YALE HISTORY

2013 Toni Harp ARC ’78 is elected Mayor of New Haven, succeeding 20-year incumbent John DeStefano and becoming the city’s first female mayor. Submit tips to Cross Campus

crosscampus@yaledailynews.com .

ONLINE y MORE goydn.com/xcampus

PAGE 14 SPORTS

FOLEY SAYS DEFEAT LIKELY, BUT WILL NOT CONCEDE YET

all the canvassing efforts that unfolded on campus to get out the vote, perhaps the most effective means of driving people to the polls would have been teasing the preseve of the Yale a capella groups that showed up at City Hall to serenade voters.

the Junior Class Council will continue its series of postgraduate career panels, picking a crowd favorite: consulting. A video conference setup will allow interested students to interact with the New Yorkbased consultants, who are expected to provide candid peeks behind the curtain.

Despite a tough season, the Elis look for success in two more games

Malloy poised to clinch victory

Trading voices for votes. For

Decoding consulting. Today,

MEN’S SOCCER

ISABELLE TAFT/CONTRIBUTING PHOTOGRAPHER

With vote counts still coming in from across the state, Gov. Dannel Malloy declared victory against Republican challenger Tom Foley.

Ready to register, but first a long wait BY SARAH BRULEY AND ISABELLE TAFT STAFF REPORTERS New Haven voters seeking to participate in Connecticut’s same-day registration process faced a daunting challenge late Tuesday afternoon: A line consisting of more than 130 people by 5 p.m., some of whom would likely wait for at least three hours. City registrars, who were busily processing forms and ballots, were not available for comment during the day. Nonetheless, by about 6:00 p.m., staffers at City Hall had registered about 500 New Haven residents — five times the usual number of voters, according to moderator Richard DiNardo. Emefa Addo Agawu ’15 said she had heard speculation that

Results trickling in, both camps caught in suspense

the long lines occurred because there were not enough staff to keep up with the increase in the number of voters who registered at City Hall. The New Haven Independent reported that the city had anticipated 200 people participating in same-day registration; instead, over 700 people came to City Hall to register. About 100 were turned away, according to the Independent. City attorney Cherie Phoenix said she did not know what factors were contributing to the long line. She noted that some hiccups were natural, as sameday registration is still a new process, but the line was still unexpectedly long. DiNardo said that the swell of people lined up for registra-

The hors d’ouevres were served, the mood lighting was set, the cash bar was open and the guests were trickling in. The question that lingered inside both the Society Room, an event space in Hartford, and the Old Greenwich Hyatt Regency Ballroom, was which party would become a celebration of the future, and which would turn into a wake for a stalled political career. Supporters of incumbent Gov. Dannel Malloy filled the Society Room as they had on Election Day in 2010. Meanwhile, Republican challenger Tom Foley chose to end the night in Greenwich, his hometown. Both candidates spent the day riding from one polling place to another to rally voters and volunteers. While Malloy continued get-out-the-vote efforts into late evening, Foley returned home in the early afternoon

SEE VOTING LINES PAGE 6

SEE SUSPENSE PAGE 6

BY ERICA PANDEY AND ISABELLE TAFT STAFF REPORTERS

Despite surplus, cuts to continue BY LARRY MILSTEIN STAFF REPORTER While the University reported a $51 million surplus for fiscal 2014, Yale’s true financial status is not as optimistic. In its annual budget report released last week, the Yale Division of Finance announced that the University operated at a $51 million surplus for the 2014 fiscal year. But the actual net gain in funds was markedly less, and Yale will not now have an additional $51 million at its disposal. According to Provost Benjamin Polak, the exact surplus calculated often depends upon the specific accounting principle used. As a result, administrators and faculty members interviewed expected Yale’s current cost cutting measures — issued after Yale’s $39 million deficit in 2013 — to remain unchanged. “The fundamental message that should be taken away from

[the 2014 Financial Report] is that these were great results — we’re delighted and the surplus is good,” Polak said. “It’s just not ‘$51 million’ good.” The University last ran a surplus in fiscal 2012. Polak added that the main discrepancy between the surplus reported in the balance sheet and the actual surplus felt by the University stems from the specific method of accounting used to calculate Yale’s budget. Polak said the University’s financial officers present both the GAAP — Generally Accepted Accounting Principles — and the “Management View” accounting processes in reports. According to the report, Yale had a $51 million surplus under GAAP but only a $13 million surplus under the Management View. Polak said that the Management View numbers more accurately reflect the financial status of the University. He added that under GAAP, the

SEE ELECTION PAGE 6

ERICA PANDEY/CONTRIBUTING PHOTOGRAPHER

Republican challenger Tom Foley refused to concede, but admitted that he likely lost.

Lorimer took home $1.7 million in 2012

University’s reserves invested in the endowment appeared to earn an enormous amount of interest. In fiscal 2014, $27 million of the $51 million surplus was due to these endowment returns on cash balances, Vice president for finance and business operations Shauna King wrote in an email. Accounting rules require the University to record all of this income in the year it was generated. However, it is more appropriately smoothed over multiple years as the University does with other endowment returns, she said. “We agree that this year’s reported results are somewhat overstated, certainly versus what we can expect to recur,” King said. “Most businesses and institutions have differences between the way they look at financial results internally to manage the institution’s finances, a Management View,

Three of Yale’s top administrators each earned over $1.5 million in 2012. Linda Lorimer, the vice president for global and strategic initiatives, and Dorothy Robinson, the University’s general counsel, took home $1,748,767 and $1,666,175 in 2012, respectively. The administrators’ salaries were made public through Yale’s Form 990, which is filed with the Internal Revenue Service annually as part of the University’s tax exempt status. The salaries were included on page 249 of the 302-page document.

SEE SURPLUS PAGE 8

SEE IRS PAGE 8

BY RACHEL SIEGEL STAFF REPORTER


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