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Real estate developer sues foundations, U.'s

The Daily Princetonian

Real estate developer sues foundations, U.'s

The University is among the institutions being sued by a Massachusetts real estate developer for usury ? the plaintiff alleging that the University's endowment supported activities that violate loan sharking laws ? Bloomberg News reported last week.The University, as well as Harvard and Yale, three other colleges and two foundations face the suit filed by Fred Fahey, a developer who borrowed money to finance the construction of a golf course community and was charged an interest rate of 42 percent by Realty Financial Partners, a firm in which the defendants invested.Fahey wants the loans declared illegal and is seeking $20 million in damages, citing a Massachusetts law forbidding loans that charge more than 20 percent annual interest unless a notice is filed every two years with the state attorney general.

NEWS | 11/25/2007

Deficit will not stop projects

The Daily Princetonian

Deficit will not stop projects

Borough Council members spent most of their biweekly meeting last night discussing strategy for their negotiations with Nassau HKT, the company responsible for developing the area near the Princeton Public Library.Most of the meeting was held in secret session, but during the open part of the session, the council examined Borough crime statistics for September, University-related alcohol incidents and a $60,000 high-tech payment system for the Library's parking garage.Borough Administrator Robert Bruschi presented budget statistics for the third quarter of 2007 and revealed that the Borough is likely to run a deficit this year.The Council also approved funds to repair walkways in Marquand Park and passed an ordinance requiring property owners to apply for permits before paving over large areas of their property.Police Chief Anthony Federico reported a "sharp increase in alcohol-related cases coinciding with the start of the school year at the University." The alcohol-related cases mentioned by Federico included six students taken to the University Medical Center at Princeton and an intoxicated female student found inside Edwards Hall who "could not remember from where she obtained the alcohol."There were 27 cases of theft in the Borough, including the robbery of a motor vehicle.

NEWS | 11/20/2007

Policy lacks clarity, new survey finds

The Daily Princetonian

Policy lacks clarity, new survey finds

Though the University's revised alcohol policy has sparked campus debate and spurred complaints from students about the heightened crackdown on drinking violations, two-thirds of undergraduates don't fully understand the new procedures, according to an informal survey conducted over the last week by The Daily Princetonian.Despite students' uncertainty as to what the revised policy entails, 63 percent said they either completely or mostly disagreed with the changes.

NEWS | 11/20/2007

New Yorker editor tells of distinct career path

The Daily Princetonian

New Yorker editor tells of distinct career path

In an age where print magazines are increasingly giving way to online journalism, The New Yorker is more important than ever, editor-in-chief David Remnick '81 told a packed audience of senior citizens, faculty members and students in McCosh 10 yesterday night."All in all, the form [of The New Yorker] is weird, crazy, free-form, but more important in our time," he said, noting that the magazine currently boasts a million subscribers.Remnick, a Pulitzer Prize winner, also reflected on his time at the University and discussed topics ranging from the state of American and Russian affairs to managing The New Yorker.

NEWS | 11/20/2007
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Students form no calendar consensus

The Daily Princetonian

Students form no calendar consensus

The issue of academic year calendar reform is at an impasse for the time being, and students have mixed reactions.The Committee on the Course of Study had considered revising the academic calendar, lengthening each semester by a week and altering break times to allow for a full week of vacation during Thanksgiving, among other changes.

NEWS | 11/20/2007

Slow hiring ups interest in grad school

The Daily Princetonian

Slow hiring ups interest in grad school

With the Dow Jones Industrial Average down about three percent since the start of the semester and wary Wall Street firms cutting back on hiring, some students and recent alumni are finding it more attractive to pursue a professional degree instead of private sector employment."As job opportunities shrink in the corporate sector and on Wall Street, many more students are likely to think of graduate school as a good alternative," economics professor Burton Malkiel said in an email.The number of Princeton students applying to medical school has risen 18.1 percent from last year, according to Health Professions Advising.

NEWS | 11/20/2007

U. requires Outdoor or Community Action for international frosh

The Daily Princetonian

U. requires Outdoor or Community Action for international frosh

Incoming freshmen who want to attend the international pre-orientation program next year will also be required to participate in either Outdoor or Community Action, according to an email sent yesterday to international students by Assistant Dean of Undergraduate Students Rachel Baldwin.The pre-orientation ? a four-day program for incoming international and exchange students that helps them become acquainted with the University as well as with American life and cultural norms ? has generally taken place around the same time as Outdoor and Community Action trips.

NEWS | 11/19/2007

Foreign seniors compete for visas

The Daily Princetonian

Foreign seniors compete for visas

Seniors face many challenges in determining post-graduation plans, but international seniors planning to stay in the United States face an additional hurdle on the way to their first jobs: securing a visa.After the expiration of the one-year period of Option Practical Training (OPT) granted to internationals by their student visas, foreign University students must join the masses of graduates trying to obtain H-1B visas.An H-1B visa permits a foreign student who has at least a bachelor's degree and the sponsorship of a company to work in the United States.

NEWS | 11/19/2007

Park if you dare, of towing beware

The Daily Princetonian

Park if you dare, of towing beware

When summoned to move an illegally parked car, Ken Larini tows it "with humility."His 26-year-old business, Larini's Service Center, is the primary car removal company in Princeton, towing cars for the University, the Borough, the Township and the eating clubs.Located on Alexander Street, students and community members go to his shop to pick up their cars when they've been towed for parking illegally on and around campus.But, Larini said, he tries to make the process "as easy as possible for the drivers" by being friendly and accommodating to the people whose cars he has removed.Cars parked illegally on University property are taken to a lot on campus, while all others are towed to Larini's lot.

NEWS | 11/19/2007

Alum finds stardom in a soap opera

The Daily Princetonian

Alum finds stardom in a soap opera

For Princeton students, a career in law is a common ambition. But Vail Bloom '04 skipped the LSAT and found her way into a different kind of courtroom role: She plays assistant district attorney Heather Stevens on the CBS soap opera "The Young and the Restless."Bloom, who obtained a degree in architecture and was a member of diSiac Dance Company during her time at the University, became a campus celebrity her senior year when she won third place in Maxim Magazine's Hometown Hotties contest. Though she was shocked by the racy nature of her first photos, the publicity helped launch her acting career.

NEWS | 11/19/2007

That's hot!

The Daily Princetonian

That's hot!

Korean American, Vietnamese, South Asian, and Asian American Student Associations cosponsored a study break featuring spicy Asian cuisine.

NEWS | 11/18/2007

Home is where the University is

The Daily Princetonian

Home is where the University is

When most students think about their professors, they picture them waxing eloquent in the lecture hall or presiding over a precept.Faculty who arrive at the University, however, face a difficult choice when planning their outside-the-office hours: where to live in relation to campus.Many students say they appreciate it when faculty dwell close to the University, valuing the social and academic intimacy that's possible when they run into their professors at Starbucks or walking down Nassau Street.For professors, however, the choice of where to make their home can be fraught with complexities, including the high cost of living in the Princeton area, family connections to other locations and fear that they won't keep their jobs long enough to make it worth uprooting to a college town.Anthropology professor Janet Monge, who lives in Philadelphia, said that even with good starting salaries, the price of residing close to campus is "formidable," particularly for younger faculty members.

NEWS | 11/18/2007

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