San Francisco Foghorn

              NEWS
OPINION
SCENE
Need guidance on finding an
apartment? Boy, does the
Foghorn have a gift for you.
Page 3
Congressional budget battles will probably
threaten many people's ability to go to
college, says Jeno Wilkinson.
Page 4
SPORTS
Robert DeLong talks to the
Foghorn about his debut album
"Just Movement."
Page 5
Tollefsen leads the Dons to
long-awaited home court
victory over Pepperdine.
Page 7
FREEDOM AND FAIRNESS
an Jfhmttsoi J
Vol. 110, Issue 14
foghorn, usfca. edu
oro
THURSDAY, February 28, 2013
Home is Where The Heart is:
A Guide to Moving Off Campus
Financial Advisor
Discusses the Clash
Between Modern Day
Capitalism and Ethics
The girls of4th and Clement: Lorraine Bower, Maddie Vanden Branden, Emily Tran, and Allison Chen enjoy the perks
ofweeknights off campus, taking advantage of endless snacks, the company of friends, and a comfortable, spacious dining
KATHLEEN DE LARA AND ALLISON FAZIO
StaffWriters
The 'University ofthe Best
City Ever' is drawing more students
each year, packing already-bustling
residence halls with excited USFers.
Living in the dorms is an important
part ofthe freshman experience,
and the university takes pride in
guaranteeing all first-year students
residential housing. Because ofthe
limited number of dorm rooms,
sophomores are the first group of
students to lose their living spot.
The estimated number of
freshman students for August
2013 is so high that only 30% of
incoming sophomores can expect
to be housed on-campus, according
to Marc' Bady, assistant director for
off campus housing and community
relations.
Don't take it personally, though.
Bady said that first-year students
benefit more from dorm room living
than others because it places them in
Amanda Rhoades/Foghorn
the middle of their academic resources
and helps them develop a close group
of friends. "Besides, we don't want
to throw them to the wolves, just
yet," added Bady, in jest. Sophomore
students who do get residential housing
will be chosen through random lottery.
For the students who have no
other option but to face the wolves,
here's a guide to making it work.
Continued on pg. 3
Parking Wars at USF
DILLON RAWLINGS
StaffWriter
"Wall Street Pornography: How
the Financial Industry is Destroying
America." A heavy discussion title,
but a difficult subject to understand.
How can Wall Street be compared
to pornography? What is Wall
Street? Investment advisor Leland
Faust offered a scathing critique
ofthe giants of Wall Street — a
refreshing insight to the dark side
of capitalism from a man who
has submersed himself in finance
throughout his career.
After graduating Harvard Law
in 1971, Faust taught a class in
U.S. Income Tax and worked as a
certified tax specialist in California.
Seven years later, Faust founded the
company that made his name: CSI
Capital Management, a lucrative
financial services company where he
managed over SI.5 billion in assets.
Breaking down his complaints
into digestible portions, last
Thursday, Faust labeled three evils
ofthe financial market that he
wanted everyone to know about:
1) the triumph of selfish needs, 2)
gambling disguised as investment,
and 3) shameless hucksterism, the
devious and showy salesmanship
that he aptly refers to as the
"pornography" of Wall Street.
Because of his extensive work
with professional athletes (he
played financial advisor to some of
the biggest names in sports) The
Sporting News has also named
Faust to its list of "100 Most
Powerful People in Sports," making
him one ofthe only two investment
advisers ever named to that list.
Listing all of these
VICENTE PATINO
StaffWriter
A heated community meeting in McLaren
Hall on the evening of Feb. 21 pitted the University
Terrace Association of. residents who live
sandwiched between USF's main campus and Lone
Mountain against representatives of San Francisco's
Municipal Transportation Agency and local
officials, including city supervisor Eric Mar, over
the highly contentious issue of parking changes —
including installing meters and posting time limits
to the coveted "all-day" spaces found around the
edge of USF property, and changing some two-hour
parking zones to one-hour parking for cars without
a residential permit sticker, among other measures.
Dozens of USF neighbors overwhelmingly
protested the plans presented and leveled at the
SFMTA representatives accusations of conflicts of
interest in planning to install the meters, revenue
raising, an undemocratic and opaque approvals
process, and "waging a war on cars" in a meeting
that lasted much longer than its intended two-and-
a-half-hour length.
Eric Mar, San Francisco district supervisor for
the Richmond, made an early appearance at the
meeting, speaking at some length about his political
achievements and activities to an audibly impatient
crowd. When he did come to the subject of parking
— speaking specifically about his apparent support
for a proposal to remove more than 150 parking
spaces along Masonic Avenue, a UTA member
hissed. Mar left at about 7:30 p.m., but not before
a show of hands in the room intended for the
supervisor confirmed a near-unanimous opposition
to the installation of parking meters in the residents'
neighborhood.
"This is riot Manhattan. This is not Paris. We
don't have a subway that was built 100 years ago.
We just don't have the density," said the man who
had earlier hissed at Mar. As a wheelchair user,
he felt the direction the SFMTA was taking with
the City's "transit first" policy, especially in the
agency's scheme to increase parking regulation
city-wide, was extreme and discriminating against
the disabled and elderly.
Robert Francis, a resident ofthe Mission Bay
neighborhood in eastern San Francisco, arrived in
the middle ofthe meeting to testify that, despite
local opposition to the installment of parking
meters in his neighborhood, the plans went ahead
with "little or no notice."
"There's a disconnect between what they [the
SFMTA] say and what they do.. .The circling [of
cars trying to find parking] is not going to stop.
Do everything you can to fight this, or otherwise
you will pay to the end of time," he said.
Some took issue not only with the city's
parking and transit agency, but also with USF
and the student population. Marie Hurabiell,
who lives on Turk Street, argued the problem was
that students, in addition to monopolizing the
parking on the residential streets of the Terrace
neighborhood, also take up most ofthe all-day
spaces that could otherwise use be by residents and
their visitors.
"USF needs to make every single parent and
student sign a pledge that they will not drive a car
to campus," she said.
A separate meeting between USF and
students regarding the parking changes is thought
to take place in the near future, according to the
SFMTA's presentation, but at publication time, no
time or date had yet been set.
Aloha Kakoui
accomplishments, it's surprising
then to hear him criticize the
industry that has made him so
successful.
Faust, like most other investors,
makes his fortune .on Wall Street-
-the collective financial markets
of the U.S. — by guiding clients
into financial success. He advises
them on which stocks to buy or sell,
which fledgling companies to fund
for a profit, and even which baseball
team to buy a share of.
So how can Faust, who manages
a huge amount of money himself,
be qualified to criticize the excesses
of Wall Street? It might be because
of his beliefs. Indeed, Faust said
that a career in finances comes with
a moral responsibility to invest
appropriately. To him, one ofthe
huge problems with Wall Street is
that too many investment advisers
today might be doing what's
technically "legal" but frequendy
"immoral" for their customers;
for instance, Faust identified the
questionable tactic of "short-selling,"
the investor practice of selling a
product that a company doesn't yet
own in order to buy it back later
for a profit. Due to the nature of
this type of sale, the practice usually
comes with the trade and usage
of inside information, another
ofthe many down-sides to Wall
Street. Ultimately, Faust blames
the dirty dealings of Wall Street on
the breakdown of morality in our
financial industry — morality that
he claims to preserve at his own
business.
By investing money with a
Continued on pg. 2
Amanda Rhoades/Foghorn
The USF Hawaiian Ensemble shared traditional Hawaiian song and
dance with over 100 university community members during their sixth annual
Ho'ike event, "Journey Through the Pacific," last Saturday. Members Tennyson Lee,
Marissa Aquino, and Eric Wong dance the ancient style hula kahiko to Ke Kaua A
Kukauakahi, a song of an owl's plight to save a man named Kapo' i from death.
The Hawaiian Ensemble is comprised of about 30 female and male dancers from
the all over the world, including the Bay Area, Haiti, and the Hawaiian Islands.
— Kathleen de Lara
SAN FRANCISCO. CA 9411,
NEWSROOM