4/03/2004

At long last, the Yale Daily News web-folks have put the missing articles from the first two issues since break up on-line. You may not have noticed that they were missing but obsessive 1-AM-YDN-website-scanner-for-the-next-day's-issue that I am (the better to critique you with...), I'm certainly relieved. Especially because I can finally link two great and relevant op-eds from the Tuesday before last. This one, by Marissa Levendis, slams Mike Morand of the Office of New Haven and State Affairs for his absurd smear of the movement for Yale to pay New Haven its fair share: I find it personally offensive that an associate vice president of an institution with an $11-billion endowment would characterize $6 million as financial-aid benefits and staff-position payments. Our university has an $11-billion endowment. $6 million is .055 percent of Yale's endowment. If my parents were required to pay more taxes and they had $11 billion in assets, would they choose to pay the taxes out of my college-tuition fund or from the money in the bank? It is a question of integrity. I know how my parents would respond; unfortunately, I'm not confident of my university's response. Attempting to make Yale pay taxes on property where profit is earned is not an attempt to punish Yale for New Haven's problems. It is not an attempt to cut PILOT funding. It is not an attempt to bring to the surface "adversity left behind three decades ago". It is an attempt to make Yale a more responsible citizen of its city and give its city an improved ability to fund basic services. SB 454 may have been defeated a week ago, but the fight for Yale to pay its fair share is not going away. If Morand wants to help his city, than he will join those of us who advocate for a greater fair-share payment to the city from Yale and an increased PILOT payment from the state. My response on this site to a few of Morand's more outrageous claims is archived here. Also on the now-available March 30 YDN op-ed page, Matthew Schneider-Mayerson compares Duke's and Yale's responses to calls for investment disclosure: Model A: Students submit a list of companies about which they have concerns to the university investment office. The investment office informs the students how much exposure the endowment has to each company, either through direct investments or through private investment managers. Model B: Students express concern about a controversial private investment, identified through the university's tax forms. Weeks later, the university alters the way it fills out its tax forms, making it more difficult for members of the public to identify similar problems in the future. When students attempt to deliver a letter of concern to the university's investments office, the staff turns off the elevators, expels the students from the building and calls the police. I'm hoping to post an account of yesterday's meeting of Yale's Advisory Committee on Investor Responsibility here - right after I finally post a write-up of dinner with Yale - New Haven Hospital Board Chairman Marvin Lender Wednesday night. As we say in Lashon HaKodesh, HaMeshech Yavo...

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