News

Investment return on University's endowment greater than expected

Investment return on University's endowment greater than expected

Princeton University Investment Company, which is responsible for more than $6 billion of the University's endowment, earned an investment return of 35.5 percent during the last fiscal year, according to PRINCO president Andrew Golden.This growth rate represents the highest level of return that the company has seen in 17 years, he said.Golden said the company was pleased with this return, which is a large improvement over the previous year."The previous year was also incredibly strong," he said of the company's fiscal year 1999 return of 21.7 percent."A lot of times you use the previous year as a base level," he said, adding that the company's success is also tied into the strength of the markets.

NEWS | 04/30/2001

Committees debate new policy on dorm furniture removal fees

The Facilities Department ? including Building Services, Housing and Maintenance ? and the Undergraduate Life Committee are currently debating the details of a new policy that prohibits students from removing furniture from their rooms at any time and for any reason starting at the beginning of the 2001-2002 school year."One of the things that's been recognized within the Facilities Department is that there have been over the past years a lot of issues related to the furniture being moved out of dorm rooms resulting in some pretty big problems," said Building Services director Jonathan Baer.The policy will prohibit students from moving any furniture out of their rooms, Assistant Director of Undergraduate Housing Lisa DePaul said.

NEWS | 04/30/2001

College Board frustrated by deal mandating SAT studies

(U-WIRE) CAMBRIDGE, Mass. ? Officials at the College Board fear a rushed decision made without adequate review could revolutionize the role the SATs play in admissions.By next March, a panel selected by the College Board and disability rights advocates must recommend whether to remove the markers, called "flags," on score reports that notify admissions officers of unusual testing conditions.Without the flags, admissions officers will have no way to determine the conditions under which applicants took the exam.But the process for choosing the panel that will finally issue this recommendation has cut into the time that could be spent researching and evaluating the merits of flagging, according to the College Board."The fact that a panel is not established is of some concern to me," said Wayne Camara, director of research and development at the College Board.

NEWS | 04/30/2001

Shapiro addresses USG at last meeting

President Shapiro treated USG officers to a few choice memories and final words last night at the committee's final regularly scheduled meeting of the year.Seated next to USG president Joe Kochan '02, Shapiro informally answered questions ranging from the broad to the specific ? those asking him to identify his most difficult experience while in office, queries about typical daily activities, and what advice might benefit his immediate successor."Patience is definitely an asset because it takes two to three years just to figure out what's going on here," Shapiro said.

NEWS | 04/30/2001

Grad students elected to U-Council

Members of the Graduate Student Government elected five new representatives to the Council of the Princeton University Community at the last GSG meeting on April 18.Among the six candidates, Tamar Friedmann (Physics), Lauren Hale (WWS) and Jim Vere (Economics) retained their seats.

NEWS | 04/30/2001

Fifty years later, rediscovering 'The Port of Missing Men'

When some men have spent nearly a half a century in one profession, they greet retirement as a welcome change and an opportunity to pursue latent interests.Yet for Ralph Woodward '51, retirement from a nearly 50-year career in book publishing at DoubleDay and Little, Brown and Company led him through black and orange memories back to the world of publishing.On the occasion of his class's 50th reunion, Woodward has engaged a limited publication of the first English translation of author Alain Prevost '51.

NEWS | 04/30/2001

A tradition uniquely Princetonian: The history of Reunions

If social life at Princeton isn't quite what you hoped for, or if you find yourself lacking connections even after four years in the Princeton Pre-Business Society, it's still too early to lapse into despair.

NEWS | 04/29/2001

Dale '53, University philanthropist, dies

As spring reaches the Princeton campus, flowers are in full bloom. Thanks to the generosity and kindness of Martin Dale '53, so are the dreams of a growing number of current and former University students.Dale, a business consultant and former foreign-service officer, died Tuesday of lymphoma at the age of 69.

NEWS | 04/29/2001

DiIulio defends faith-based initiative

After announcing his faith-based initiative on community and social services in January, President George W.

NEWS | 04/29/2001

After 'YES!' pre-frosh explore campus for answer

Prospective students were ubiquitous on campus this weekend. Whether they were attending lectures on University life, enjoying a barbecue outside the Frist Campus Center or congesting pedestrian traffic along McCosh Walk, Class of 2005 potentials explored what it is like to be a real Princeton student.Dean of Admission Fred Hargadon said in an e-mail that more than 300 pre-frosh were on campus this weekend, in addition to the many parents and siblings that accompanied them.

NEWS | 04/29/2001

Uniting to Take Back the Night

Voices rang and candles blazed through campus Saturday night as nearly 250 students ans staff participated in Princeton's 15th annual Take Back the Night march.The rally began in the University chapel, where event organizer Brooke Friedman '01 discussed its importance."People feel that Princeton is immune from a lot of the problems that afflict society," she said.

NEWS | 04/29/2001

Bluegrass on a green lawn

Country legend Willie Nelson plays before a packed crowd on Cannon Green at the USG concert that honored President Shapiro.

NEWS | 04/29/2001

Clubs go dry for pre-frosh weekend

Nine out of the 11 eating clubs will not be on tap Saturday night when prospective students visit the campus.

NEWS | 04/26/2001

Kochan, Kim to honor Shapiro at USG concert

President Shapiro will be honored by members of the USG on Saturday during the Willie Nelson concert on Cannon Green.USG president Joe Kochan '02 and former USG president PJ Kim '01 will present remarks between the opening and main acts of the concert.Before Willie Nelson takes the stage at 5:30 p.m., the two USG presidents ? Kochan and Kim ? will be joined by the four class presidents to present a gift to Shapiro.Known for his eclectic music taste varying from opera to contemporary, Shapiro has said he is a long-time fan of Willie Nelson.During the September board of trustees meeting in which he announced his retirement, Shapiro quoted Nelson's song "I've climbed many mountaintops, but I've many more to climb" to express his feelings as he retires from the presidency.Given during a performance of one of his favorite performers, Kochan said the time and circumstances of this concert provide the perfect venue to honor the University's outgoing president.

NEWS | 04/26/2001

Survey tracks substance use

Over the past 10 days, University students have received the Core Institute Alcohol and Drug Survey via e-mail.

NEWS | 04/26/2001

Tiger tales: Why we chose Princeton

This weekend pre-frosh are spending time at the University to see if Princeton is the place for them.

NEWS | 04/26/2001

Princeton: So fresh and so clean

With prospective students set to explore Princeton during the annual pre-frosh weekend, the University seems to be flaunting a calculated image of a campus with strong ties to its community, a 21st century view of sexual violence and a social environment dictated by arts events rather than by alcohol.Though Communiversity, the USG spring concert and Take Back the Night overlap this weekend, administrators maintain there is no overarching promotional strategy and the myriad events being scheduled this weekend is just a coincidence."I think it's just an accident that they occur at the same time," University Vice President and Secretary Thomas Wright '62 said.

NEWS | 04/26/2001

Horowitz debates slavery reparations advocate in a packed McCosh 50

In a heated debate last night, Dorothy Lewis ? a leader in the movement for reparations for slavery ? and David Horowitz ? the movement's most outspoken antagonist ? presented their views to a packed McCosh 50.The debate was sparked by Horowitz's recent campaign to place advertisements ? titled "Ten Reasons Why Reparations for Slavery is a Bad Idea ? and Racist Too" ? in college newspapers.In an interview before the debate, Lewis, who is co-chair of the National Coalition of Blacks for Reparations in America, called Horowitz's ads "a dishonor to the memory of the millions of [black] lives that have been lost [to slavery]."Last month, The Daily Californian at the University of California-Berkeley printed Horowitz's ad, but apologized for printing an ad they perceived to be racist after widespread campus protests.Horowitz ? author and president of the Center for the Study of Popular Culture ? was adamant in his stance, calling students "little left-wing fascists" for rejecting his views they perceived to be too conservative.At the outset of his opening statements, Horowitz criticized University history professor Sean Wilentz for supporting some issues but refraining to contribute to a "civil discourse" on the issue of reparations.Horowitz attacked the idea of reparations ? the issue that has brought him national prominence.

NEWS | 04/25/2001

Merck funds professorship to honor chemist Arthur Patchett '51

The Merck Company Foundation recently donated $3 million to the University for the establishment of a chemistry professorship in honor of Arthur Patchett '51, who has worked at Merck Research Laboratories both as a researcher and former vice president of medicinal chemistry for four decades.Patchett ? who retired from Merck last year but continues to act as a consultant for the company ? majored in chemistry at Princeton, graduated Phi Beta Kappa and earned a Ph.D.

NEWS | 04/25/2001

Being known for enjoying life

You probably never knew.There's no way you could really tell from looking at me. I look like any other college student who stays up too late and runs late to class every morning.The difference is that if I had been born 20 years earlier I probably never would have been able to go to Princeton ? or any other university for that matter.

NEWS | 04/25/2001

Most Popular