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NYBOT Simulates Trading iPod accessories reviewed, plus a chance to win some for yourself! Page 16. theBARUCH COLLEGE, THE ticker CITY UNIVERSITY OF NEW YORK VOLUME 90 • ISSUE 6 WWW.THETICKER.ORG OCTOBER 16, 2006 Students NYBOT simulates trading Few Italian- BY GLENN GEIS Americans praised BUSINESS EDITOR Trading futures contracts, like hired in sugar, never seemed as exciting by Fed or intense as it was at the Finance and Economic Society’s spon- CUNY sored event, where members from governor the New York Board of Trade (NY- BY PETER JOHN SIPSAS BOT) simulated an actual trading STAFF WRITER BY TABASSUM ALI session. Th e fourth annual event, STAFF WRITER which took place at the Subot- A recent panel, mandated by nick Center in the Library Build- the settlement of a class-action Fredric Mishkin, New York ing, kicked off with lots of food civil rights suit, concluded that Federal Reserve Governor, deliv- and mingling between Baruch there are not many Italian-Amer- ered a speech on Globalization on students. After an introduction by icans in the City University of Th ursday at Baruch College. His Professor Holowczak of the Subot- New York’s faculty. Local leaders speech was the part of Weissman nick Center, members of the NY- in the Italian-American commu- Center Distinguished Lecture Se- BOT rushed the room with a blast nity are criticizing CUNY for the ries. His remarks, although didn’t of energy that had some fi rst-time report. address the monetary policy out- students intrigued and somewhat Th e court case dates back to look, were his fi rst since being scared. “It was very exciting, like 1992 when Joseph Scelsa, host sworn in as Federal Reserve Gov- the real world and [with very] fast and executive producer of the ernor on September 5th. He also transactions,” said Raymond Zou, television show Italics on CUNY- praised Baruch students later in a fi nance and investments major. TV, fi led a federal civil rights law- an exclusive interview with Th e After a very brief introduction suit against CUNY. At the time, Ticker. of what was expected of the stu- Scelsa was the director of Queens In a message to Baruch stu- dents and with the trader’s help College’s John D. Calandra Ital- dents, Federal Reserve Governor and motivation, the excitement ian-American Institute. Frederic Mishkin said, “Baruch started. “10 at 43, 10 at 43” and Scelsa alleged that CUNY had students keep it up. Th e education “March 18 for 42,” were just some been discriminating against Ital- my father got at Baruch during the of the things being screamed at ian-Americans for many years in depths of the Great Depression— the top of the traders’ and stu- their employment practices. He attending class at night because dents’ lungs as beads of sweat also claimed that, as a result of he had to work to support not rolled down their red faces. Th e the lawsuit, CUNY stripped him only himself but also his parents only thing you could see in the air of his authority as director of the —helped give him the opportu- were arms, hands and the books Calandra Institute and trans- nity to become a successful busi- used to calculate what you have ferred parts of the program to nessman.” He continued, “I hope sold or bought from another trad- other CUNY schools. that the students here at Baruch er. Everyone was in a circle, called A settlement was reached will likewise take advantage of the “the pit,” which is where all the ac- VICTOR CHU I THE TICKER in 1999 that required a panel to opportunities bestowed by their tion took place. However, as more Chris Rossi, center, a fl oor broker with with the NYBOT, yells out his off er. determine whether the claims education and make important students became courageous and set forth in Scelsa v. CUNY were contributions to our economy.” joined the fray, the size of the edged that, “[the] turnout is get- each student was given a trading legitimate. Th e panel included Mentioning the “Fed Chal- room became apparent. At one ting greater and there is a lot more pad and assigned a badge number. three members appointed by lenge,” Mishkin praised Baruch point, it was impossible to lower participation.” Mike Farrell, also Some of the traders would come CUNY offi cials and Queens Col- for contributing and becoming your hands to write down your last on the NYBOT, noted, “Th e people around and give you an order to lege’s John D. Calandra Italian- part of competition. He said, “It’s trade. It was hard to tell who was in the industry don’t participate as buy 50 lots for $11.43 per pound, American Institute. a wonderful tool and a step-by- having the most fun—the traders well as students here participate,” for example. Everyone needed to Italian-Americans have long step process in understanding the or the students. as he referred to mock trading use their loudest voice to fi ll that been included in CUNY’s affi r- monetary policy; participants Luis Burgos, a fl oor reporter on done at the Board of Trade with mative action program. the NYBOT and a fourth year vet- some of the industry leaders. SEE NYBOT PAGE 12 SEE FED PAGE 12 eran at the simulation, acknowl- At the beginning of the event, SEE CUNY PAGE 2 Hispanic Society gets students grooving Campus fire sparks questions BY NING MAO STAFF WRITER On Th ursday, Baruch contin- ued its celebration of Hispanic Heritage Month with a dance competition sponsored by the His- panic Society. Th ough originally planned for the Multipurpose Room, the club decided to use the second fl oor lobby instead. More than 10 couples signed up on the spot for the competition, which became the highlight of club hours as onlookers gathered to witness the skills and breadth of creativity in these dancers as they moved their bodies along to the music. BORIS BERDICHEVSKIY I THE TICKER Th e competition started off TOM CROCKET I THE TICKER Natimil Abreu showed off her spiciest moves in the Building where two men started a fi re near campus. See full coverage on page 2. dance-off competition last Thursday. SEE SECOND FLOOR PAGE 7 INDEX LEISURE FEATURES ARTS ADVERTISING Musings on Susan Choi, Arts . 8 The Wired the art of this semes- To place an advertisement, Opinion . 10 NextFest wine and ter’s writer- contact Emmanuel Ony- Business . 12 shows off food pairings in-residence enyilli at (646) 312-4713 or Features . 16 technological talks about [email protected]. Leisure . 20 advance- her path to Special club rates apply. Sports . 24 ments of the fi ction fame. Page 8. Page 12. Page 13. year. PAGE 2 I THE TICKER NEWS OCTOBER 16, 2006 News Hispanic conference goes off without a hitch Mentoring,’’ “Hispanic Marketing- agreed, stating, “Right now in the n Baruch cements Best Practices’’ and “Addressing world, social skills are very impor- Health Needs of the Hispanic Com- tant. Plus, the workshop was very relationship with munity: What Can Be Done Today interactive and exciting.” to Build a Better Future?’’ Hispanic Achievers and Baruch Hispanic Achievers All participants in the confer- just recently established a connec- ence received a complimentary tion that they hope is a beginning BY JANA KASPERKEVIC bag and the book Crucial Conver- of a long partnership. Hispanic FEATURES EDITOR sations: Tools For Talking When Achievers decided to give the Col- Stakes Are High by Kerry Patterson, lege $22,500 in order to sponsor National Hispanic Corporate Joseph Greeny and Ron McMillan. 45 students, and give $500 to each Achievers, whose mission is to pro- Baruch students who attended person. Daniel Ramos, the nation- mote the advancement of diversity the summit were personally in- al president of National Hispanic in Corporate America, celebrated volved in the “Secrets to Business Corporate Achievers, referred to diversity at Baruch College on Fri- Success’’ workshop. “I feel that at- Baruch in his speech as a fi rst rate day. Th ey started off their Leader- tending the diff erent workshops global education institution and ship Summit Program, “Identify will compliment my intercultural hopes that the partnership will help & Develop Hispanic Talent: Lead, skill and help me develop myself as the Hispanic businessmen build Learn & Grow’’ early in the morning an individual,” said Andrew Joze- towards the future. VICTOR CHU | THE TICKER with many successful businessmen fi ak, 21, a fi nance major. Adam Chavarria, executive di- of hispanic Heritage and 20 Baruch According to Barbara Geyer- rector of the White House Initiative President Waldron explains her claim to fame. students attending. Blasco, a student who attended on Educational Excellence for His- Th e summit included breakfast the event, students learned about panic Americans, discussed certain and lunch, which allowed for net- communication skills and how initiatives that the current govern- business. idea of what to expect and how to working, and were followed by ses- important they are when working ment is trying to pass in order to Kathleen Waldron, president succeed in business world.” sions such as “Secrets to Business with other countries. “I think that’s improve the quality of education of the College, also touched upon She then went on to urge these Success: Mastering Corporate Eti- essential now when we have glo- this new generation receives. He the strong undercurrent of social members to mentor Baruch stu- quette and Culture,’ “Networking: balization and have to learn about also stressed the need for business responsibility.
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