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(04/28/14 8:23am)
Five years ago, I was sitting in my high school Spanish class as my teacher, one of my best, began his usual controversial monologue intended to get a rise out of students and spark a discussion. It was a good strategy for shy Spanish speakers, and on that day, the topic, as Dr. Sanchez put it, was when we expected to be born. He explained that, as teenagers, we were essentially either molds of our parents or sometimes rebels. In either case, they came to define us. He wanted to know when each of us would begin to process our own experiences, develop our own ideas and become our person. After getting some hemming and hawing from the students, he went around the room, one by one, and the answer was always “Universidad.”
(04/23/14 12:08pm)
____simple_html_dom__voku__html_wrapper____>Approximately 15 students met with University officials, including Chief of Police John Dailey, to voice concerns about the Duke University Police Department's treatment of students of color Tuesday.The meeting, scheduled approximately a month ago, happened to come the day after Durham resident Jeffrey Alan Velez, 20, was apprehended on campus for allegedly stealing junior Alexa Frink's backpack, said senior Marcus Benning, former president of the Black Student Alliance. The arrest—which was filmed in a video—was considered by some to be overly aggressive and did become part of the discussion.Vice President and University Secretary Richard Riddell did not permit reporters from The Chronicle to enter the room."I would describe the meeting as a positive step in the right direction," Benning said in an interview afterward. "I think we have forged a better partnership."Some of the specific points raised in the meeting have long been concerns of black students and other minority students, Benning noted. He said that some students of color report being asked to produce identification to use Duke Vans when others do not. Dailey could not be reached for comment in time for publication. Benning also said that black students develop a sense of "hypersurveillance" by DUPD, often following reports of a crime and a suspect through DukeAlerts. "There has been a continuum of events that have heightened students' sense of distrust toward DUPD," Benning explained. "I think it took some of the administrators off-guard."The meeting resulted in some concrete responses and steps from administrators, Benning noted. Vice President for Administration Kyle Cavanaugh confirmed via email Tuesday that the University will remind Duke Vans drivers that all passengers should be asked to show their DukeCard. He could not be reached for additional comment in time for publication.For handling DukeAlerts, Benning said some students presented the model used by Columbia University as an alternative. At Columbia, race is not immediately mentioned as a descriptor of the suspect until more facts are established. Benning noted that a suspect's skin tone is often used to infer his or her race, even though the inference may be inaccurate.Another recommendation included purchasing body cameras for police officers to record their activities, Benning added. Administrators seemed open to the idea, though they expressed concerns about the cost of such cameras.Although the meeting was planned well before Velez's arrest, the incident had an emotional resonance with many students, some who personally have experience with racial profiling and aggressive police tactics, said senior Jacob Tobia, who attended the meeting."I hope that administrators include more student voices," added senior Adrienne Harreveld, a columnist for The Chronicle who attended the meeting. "We're trying to help officers understand the concerns of students of color and develop greater empathy for their experiences."
(10/05/13 10:10pm)
____simple_html_dom__voku__html_wrapper____>The University reported a 13.5 percent return on its endowment investments for fiscal year 2013, raising the endowment's value to $6 billion from $5.6 billion.The return was significantly higher than fiscal year 2012, when investments only returned 1 percent and the value actually declined due to withdrawals for the operating budget. For fiscal year 2013, which ends June 30, endowment gains funded approximately 16 percent of the University's $2.2 billion in operating revenues, according to draft financial statements provided by administrators.The endowment is professionally managed by DUMAC, an investment group controlled by the University."Duke is known for its many great assets, and DUMAC is one of those assets," said Board of Trustees Chair David Rubenstein, Trinity '70, who is co-CEO of the Carlyle Group, one of the largest private equity firms in the world.Duke's endowment slightly outperformed several other peer universities, with Harvard University and Dartmouth College registering an 11.3 percent and 12.1 percent return, respectively. Endowments and foundations posted a median 11.28 percent return on investments for fiscal year 2013, according to Wilshire Associates.Major market indices generally yielded a higher return in the most recent fiscal year.The S&P 500, which tracks U.S. equities, saw an 18.5 percent gain for the period ending June 30. The MSCI All Country World Index, a global equity measure, rose 16.6 percent.On an longer-range annualized basis, Duke's endowment has beaten a traditional 70 percent stock/30 percent bond portfolio, generating a 10.6 percent return on a 10-year annualized basis for fiscal year 2013.Universities, under the "endowment model," have become known for investing more heavily in alternative, more illiquid assets, including private equity, real estate and hedge funds, to generate above-market returns. The value of Duke's holdings in alternative assets represented nearly half the value of its total investments in fiscal year 2013.The endowment's value was also buoyed by gifts, largely through the Duke Forward capital campaign, that totaled $411 million in the most recent fiscal year. The campaign has raised more than half of its $3.25 billion goal.Stabilizing finances amid uncertaintyThe University has largely recovered from the 2008-09 recession, according to a press release, during which investments fell nearly 25 percent and the endowment's value fell to $4.4 billion. Duke's conservative use of endowment funds, however, left the University better positioned during the downturn compared to other peer institutions, Executive Vice President Tallman Trask wrote in his introduction to the financial statements. In fiscal year 2013, University's operating revenues increased 3.8 percent. Grants and contracts, which provided 46 percent of revenue, were up approximately 3 percent.Revenue from government grants and contracts dipped slightly from fiscal year 2012, partly due to the end of funding from the 2009 stimulus program. The decline in government dollars was offset by a $30 million increase in grants and contracts from private entities.Operating expenses for the University also rose 2.4 percent. Salaries, wages and benefits for employees made up nearly 60 percent of expenses.The economic and political environment could place some pressure on institutional finances, particularly with Duke University Health System and the implementation of the Affordable Care Act.The University is not immune to the current partisan battles over the federal budget and debt ceiling, Rubenstein noted, calling the government shutdown "an embarassment" for the United States.Rubenstein added, however, that he predicted both parties will reach a deal on both a federal budget and the debt ceiling this week because Republicans will decide that coming to a resolution is in their interest.The compromise will likely only fund the government for the remainder of the year, Rubenstein said.A long-term solution based on a "grand bargain" between Democrats and Republicans would better serve the University's interests, President Richard Brodhead said, because it would resolve across-the-board cuts created by sequestration that would reduce research funding."Given the level of partisanship, a grand bargain does not appear likely in the foreseeable future," he added.
(10/05/13 9:48pm)
____simple_html_dom__voku__html_wrapper____>The University reported a 13.5 percent increase on its endowment investments for fiscal year 2013, raising the endowment's value to $6 billion from $5.6 billion.The return was significantly higher than fiscal year 2012, when investments only returned 1 percent and the value actually declined due to withdrawals for the operating budget. For fiscal year 2013, endowment gains funded approximately 16 percent of the University's $2.2 billion in operating revenues, according to draft statements provided by administrators.Duke's endowment slightly outperformed several other peer universities, with Harvard University and Dartmouth College registering an 11.3 percent and 12.1 percent return, respectively. Endowments and foundations posted a median 11.28 percent return on investments for fiscal year 2013, according to Wilshire Associates.Major market indices generally yielded a higher return in the most recent fiscal year.The S&P 500, which tracks U.S. equities, saw an 18.5 percent gain for the period ending June 30. The MSCI All Country World Index, a global equity measure, rose 16.6 percent.On an longer-range annualized basis, Duke's endowment has beaten a traditional 70 percent stock/30 percent bond portfolio, generating a 10.6 percent return on a 10-year annualized basis for fiscal year 2013.Universities, under the "endowment model," have become known for investing more heavily in alternative, more illiquid assets, including private equity, real estate and hedge funds, to generate above-market returns. The value of Duke's investments in alternatives represented nearly half the value of its total investments in 2013.
(11/13/12 2:40am)
The Duke women’s lacrosse is dealing with ongoing criticism related to a controversial photo posted on GoDuke.com, the University’s official athletics website.
(04/24/13 8:23am)
I had to take another look as I typed out that Facebook post Nov. 26: BREAKING CHRONICLE EXCLUSIVE. I whispered “Boom” under my breath as I added the link and clicked “Post.” I could hear a slight gasp in the back of the room from some of my classmates as they saw the post: “The ACC is suing Maryland!?” Our sports editor had the big scoop, and, within an hour, we sent the Associated Press, ESPN and Sports Illustrated scrambling for a story about how our athletic conference had soured on the departing Terrapins.
(04/16/13 3:51pm)
Officials issued an all-clear Tuesday morning for the public to use the Bryan Center upon completing a bomb threat investigation.
(02/25/13 10:30am)
After approving a 4 percent undergraduate tuition increase and other campus projects, the Board of Trustees continued conversations on the state of the University during a Saturday retreat.
(01/30/13 9:24pm)
Mo Cowan, Trinity ’91, has been appointed interim senator from Massachusetts, following Sen.John Kerry’s confirmation as the new Secretary of State.
(12/03/12 11:28am)
The Board of Trustees primarily focused their attention this weekend on long-term strategic goals of the University rather than major action items, said Board Chair Richard Wagoner, Trinity ’75.
(11/06/12 9:57pm)
The Chronicle, in partnership with the Duke Initiative on Survey Methodology, conducted an IRB-approved poll of 3,200 undergraduates via email from Oct. 30 to Nov. 2. The poll yielded 1,155 responses, an approximate response rate of 36 percent. The Chronicle would like to thank Sunshine Hillygus, associate professor of political science, and Scott Clifford, a survey associate at the Initiative, along with David Jamieson-Drake and Jiali Luo with the Office of Institutional Research. The listed statistics are approximations.
(10/19/12 11:13am)
Robert Morse, director of data research at U.S. News and World Report, has led the magazine’s signature education rankings soon after their inception in 1983. He now manages the entire higher education rankings, including those for national universities, liberal arts colleges and graduate and professional schools. The Chronicle’s Yeshwanth Kandimalla spoke with Morse about his work, the importance of the rankings today and Duke’s place over the years.
(10/01/12 10:20am)
The Board of Trustees formally signed off on Duke’s second major capital campaign.
(09/27/12 6:07am)
Updated 3:35 a.m. Thursday
(09/06/12 10:54pm)
A few readers have come forward and rightfully questioned why we have covered the Democratic National Convention more extensively than the Republican National Convention.
(07/03/12 7:39am)
Check out all new content in every section of The Chronicle, including brand-new summer issues of Recess and Towerview.
(07/02/12 6:12am)
As a recipient of millions in federal dollars and a tax-exempt nonprofit, the University navigates a delicate boundary when it comes to political advocacy.
(07/02/12 12:32am)
On May 8, more than 2.1 million North Carolinians weighed in on Amendment One, a constitutional amendment that would add to the state’s existing 1996 ban on gay marriage by outlawing civil unions and providing legal recognition solely to heterosexual married couples. The new definition could eliminate domestic partner benefits for both gay and straight public employees.
(05/17/12 11:08am)
The Board of Trustees appointed President Richard Brodhead to a new five-year term and approved several major building projects and programs at its weekend meeting, the last of the academic year.
(04/13/12 4:00am)
Junior Alex Swain will lead Duke Student Government in the 2012-2013 academic year.
