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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
Object Description
Rating | |
Publication Date | 2013-02-28 |
Volume | 110 |
Issue | 14 |
Newpaper Title | San Francisco Foghorn |
Issue Title | San Francisco Foghorn Volume 110 Issue 14 |
Number of pages | 8 |
Page size (W x L) in inches | 22x11.75 |
Scanner setting -DPI | 300 |
Notable content | 'Financial Advisor Discusses the Clash Between Modern Dar Capitalism and Ethics ' |
Date Scanned | 2015-10-05 |
File Name | index.cpd |
Source | index.cpd |
Language | eng |
tag | foghorn |
Description
Newpaper Title | 2013022811014_01 |
File Name | 2013022811014_01.jpg |
Source | 2013022811014_01.jpg |
Language | eng |
Transcript | 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 |
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