Endowment Jumps $1.4 Billion
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The Independent Newspaper Serving Notre Dame and Saint Mary's VOLUME 42: ISSUE 18 THURSDAY, SEPTEMBER20, 2007 NDSMCOBSERVER.COM Endowment jumps $1.4 billion Face book Dramatic growth continues; in one year, total increases from $5.08 to $6.54 billion prompts 17.7 percent returns experi By KAREN LANGLEY enced by the TUCS Large News Editor Fund Median, a compilation concerns of other endowment founda The Notre Dame endow tions and pension funds of ment pool has grown by more more than $1 billion, Malpass Job hunters fear than $1.4 billion during the said. last fiscal year. making it like The University endowment scrutiny in hiring ly the University will continue pool was $6.54 billion when to rank in the top two or the 2007 fiscal year endfld on three American universities June 30. A year earlier, the By ROHAN ANAND and NICK in investment performance, endowment pool was $5.08 BOCH Chief Investment Officer Scott billion. News Writers Malpass said Wednesday. Investment strategies at The endowment grew at an Notre Dame differ from those Facebook, undoubtedly annual rate of 25.9 percent at some peer institutions in during the 2007 fiscal year - the most popular social that University investments networking site for college among the top rates of return must follow the guidelines of of all university endowments, students, is now posing a Catholic social teaching, problem for those ready to Malpass said. Malpass said. IAN GAVLICKThe Observer This rate of return is Chief Investment Officer Scott Malpass, left, meets with Father apply for jobs after gradua markedly higher than the see MONEY/page 9 Theodore Hesburgh Wednesday to discuss the endowment. tion. User privacy concerns are believed to be the most common reason why a growing number of students have chosen to discontinue their Facebook accounts. 186 companies attend career fair Until last year, Facebook access was limited to high school and college students Students meet with representatives; organizers say 600-800 interviews scheduled today by requiring a school e mail address in order to By KRISTEN EDELEN represented here tonight, offered opportunities geared "It is a little bit intimidat create an account. which is a career suitable toward finance and account ing, but you just have to get Now that it is open to the News Writer for any major," Svete said. ing majors. in there and talk to people. public, more students are "General Mills, Target [and] There were also opportu You can't hold back on growing concerned about Students brought resumes even Abercrombie and Fitch nities for engineering opportunities like this," she how easily their informa for representativp,s of 186 from the corporate levels majors to contact companies said. tion can be accessed by companies at Notre Dame's are here. These are the peo including Nestle Waters and Off-campus senior Brian non-students - particular fall career fair Wednesday ple responsible for branding Chevron. Ronan, also a finance major, ly important individuals in the Joyce Athletics and and such. These are cre Though Svete is proud of targeted representatives like potential employers in Convocation Center (JACC}. ative opportunities." the fall fair, he said, the from investment banks and the job market. Though students say the Until 2001, Svete said, the second career fair, held in consulting firms. Going into "Students aren't protect fair appnars geared toward fair was "only associated January, will be "less busi the fair, he was not partial ing certain parts of their business majors, Lee Svete, with the Mendoza College of ness driven." to any company but decided Facebook," said Lee Svete, director of the Career Business. It was even held Saint Mary's junior and to scout firms in attendance. director of career services Center and an organizer of in the Mendoza building. finance major Erika Lowe The fair was once geared at Notre Dame. the fair. said all students Moving it to the JACC has was prepared for the large primarily toward seniors In the past, employers could berwfit from the vari opened up the scene for numbe'r of companies pres looking for careers but has have joined Facebook, ety of companies represent underclassmen as well as a ent at the fair. She had done evolved into something Svete said, "and invited ed. variety of other majors." research and was ready to accessible for sophomores students to bfl Facebook "There is actually quite a Still, Svete said, many of talk to possible future bit of the marketing area the companies present employers. see CAREER/ page 6 see FACEBOOK/page 8 Author speaks on writing process ND takes health Ann Cummins reads from 'Yellowcake,' a story about a Navajo family research to U.N. By KATIE STMK News Writer Dame. By KAITLYNN RIELY The event, entitled "Global Acelaimed short story Assistant News Editor author Ann Cummins Health in Focus," will take r11ad !'rom her first novel. place at 1:15 p.m. in Holy "Yellowcake," and Family Hall on 315 E. 47th St. explained her character Notre Dame and Purdue in Nflw York City. development process in University researchers will Approximately 30 countries an event Wednesday at present their work on global have received personal invita Notre Dame sponsored health initiatives Sept. 25 at a tions to the presentation. by the Department of side event for the opening of Jacobs said, most of which are Economics. the 62nd session of the United African countries that have "Yellowcake" is set Nations General Assembly. been devastated by HIV/AIDs. during the 1990s and This one-time event, spon The rest of the U.N. assembly focus11s on memories of a sored by the Permanent has been invited as well, he Navajo family living with Observer Mission of the Holy said. the effects of working in See to the United Nations, is a The Notre Dame delegation, a uranium mill. The chance to tell four stories which will present some of the IAN GAVLJCK!The Observer from Notre Dame, said Dennis work professors are doing to Author Ann Cummins reads from her novel "Yellowcake" on Jacobs, vice president and see CUMMINS/page 10 Wednesday in the hospitality room of South Dining Hall. associate provost at Notre see HEALTH/page 6 page 2 The Observer+ PAGE 2 Thursday, September 20, 2007 INSIDE COLUMN QUESTION OF THE DAY: IF YOU COULD HAVE ANY ANIMAL AS A PET, WHAT WOULD IT BE NLCentral in a nutshell As tho Major League Baseball snason winds down and tl1e divisional raens heat up, there is one division that has basnball wrltors puzziPd on who will take it. laura Lauck Mark Lyons Davina Passeri Kara Trohaugh Elizabeth Berger Meghan Casey On tho one hand you have the young sophomore sophomore sophomore sophomore junior sophomore and vcwy talnnll~d Welsh Family Cavanaugh Cavanaugh Milwaukee Katelyn Grabarek Knott Walsh Badin Brnwnrs. The Brnwnrs wnrn not Sports Wire "The squirrel by "A magical "A dog. because ''A horse, so I'd ''A small mon- "/ would never the big spnndnrs Editor Mendoza, Leopluradon, so they're the most never have to key trained to have an animal this ofl'-season like the division rival because he has he could take fun of all the walk to class. " ride a minia- as a pet. I hate Cubs, but instead chose to stick with a great me to Candy animal ture unicycle to animals." home grown talent. Milwaukee fans have personality." Mountain." kingdom." entertain me. .. boon hearing for ynars from the Brewers. mueh like the Cubs, that the talent will eome soon enough. We just have to be patient. The Cubs, who have not been to the World Series since 1945 and have not won it since 1908, are looking to get baek to the playoffs for the first time since thnir heartbreak in 2003. The Cubs man agmnent went out and spent big time IN BRIEF money on free agents and rnsigning play ers already within the organization. They spent $136 million on Alfonso Soriano fi1r Eric J. Brown, director of the night years in hopes of solidifying thn Department of Microbial lead -oil' spot. Pathogennsis at the University of Soriano has been a key trigger in the California, San Francisco, will deliver the lecture "Can Fish oflims1~. but his home run produetion is down this ynar, and strikcouL'i have Heally Get Tuberculosis'! I plagund his ofl'lmsive numbnrs. Despite Thought They Didn't Have his numbnrs, Soriano has provided a Lungs" today at 4 p.m. in 2S3 great lwlp to the ommso in front of Galvin Life Science. lkrrnk Lee and Aramis Ramin~z. Tlwy also spnnt $44 million on lel't The DeBartolo Performing Arts handed startnr Ted I .illy. Many qw)s Center will show a screening of tionnd gmwral rnanagnr Jim Hendry's the film "The Namesake" tonight motivns fiw signing I .illy, never a big at 7. gamn pitdwr having pitdwd in Toronto for most of his earner. They also signnd Whirlpool's chief financial olli .Jason Marquis, who was 14-16 with a cer, Ted Doseh will speak. Friday high narrwd run average last season with at 10 a.m. in the Jordan thn Cardinals. Coupln thesn two ofl'-sea Auditorium as part of the son signings with the already vnry Mendoza College of Busienss excitable Carlos Zambrano. and thn Cubs Boardroom Insight ledure series. rotation will bn a force in a short playofl' snries. The Notre Dame Liturgical Choir will give a concert at the Then there are the Brewers. The ALLISON AMBROSE!The Observer Bfi)Wers line-up card packs quite thn Basilica of the Sacred Heart Maddie Debot was safe at first in a game of co-ree softball played Wednesday Friday at 7:30p.m.