THE TUFTS DAILY Est
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Where You Partly Cloudy Read It First 70/54 THE TUFTS DAILY Est. 1980 VOLUME LVI, NUMBER 17 MONDAY, SEPTEMBER 29, 2008 TUFTSDAILY.COM House set to vote today on $700 billion bailout BY MICHAEL DEL MORO AN D Leader Harry Reid (D-Nev.) GIOVANNI RUSSONELLO said. Daily Editorial Board Paulson called the deal fair. “I am confident this legisla- National lawmakers came to tion gives us the flexibility to a tense agreement early yes- unclog our financial markets terday on a $700 billion plan [and] increase the ability of our to buy failing loans from U.S. financial institutions to deliver financial companies, a move the credit that will help create that Treasury Secretary Henry jobs,” Paulson said in a state- M. Paulson, Jr., hopes will stem ment. a downturn that some say Paulson’s Sept. 19 proposal could be as devastating as the for a massive bailout was ini- decline that triggered the Great tially met with criticism for Depression. lacking oversight on businesses The House of Representatives and stipulations to protect tax- is scheduled to vote today on the payers’ money. bill, which now contains a deal- But several national figures Homecoming ’08: Bye, Bye Bobcats sealing provision squeezed in suggested that inaction could by Democrats that would force lead to a depression that could JOSHUA BERLINGER/TUFTS DAILY the rescued companies to pay if rival that of the 1930s. Despite the swampy conditions on Homecoming Saturday, most Tufts teams put together winning efforts against the bailout ends up leading to The marathon negotiation the visiting Bates Bobcats. The football squad dominated with a 34-7 victory in front of a faithful gathering of long-term losses for taxpayers. sessions of the last few days soaked but stalwart spectators. The field hockey squad came out on top 4-2 and the women’s soccer team won The 110-page Emergency Ec- have incorporated Paulson, 2-0. The only loss of the weekend came from the men’s soccer squad, which fell 2-0. See Sports, back page. onomic Stabilization Act Federal Reserve Chairman Ben of 2008 seeks to assist ailing Bernanke, President George firms while assuaging irritated W. Bush, congressional lead- taxpayers. “It’s very clear that ers and businessmen such as Americans have some reason Warren Buffett. Bill raises maximum Pell Grant, hits to be concerned, even angry Tufts Economics Lecturer about where we find ourselves. Christopher McHugh said the We know there has been greed colleges with additional regulations on Wall Street,” Senate Majority see BAILOUT, page 2 For an in-depth explanation of how the bailout would work, turn to Features, page 3. BY BEN GITTLESON The measure requires the aide said. To read the Daily’s take on the proposed legislation, see our editorial on page 10. Daily Editorial Board colleges and universities with The Free Application for the highest tuition inflation Federal Student Aid (FAFSA), President George W. Bush to submit detailed informa- the U.S. government’s form last month signed the Higher tion about factors driving for student financial aid, will Education Opportunity Act, a their increases. It directs the be restructured under the act. bill aiming to address concerns Department of Education to The government will use infor- about the soaring costs of col- create a free, user-friendly mation it already has – such lege by streamlining the finan- Web site with this and related as financial data collected by cial aid process and opening it information to help families the Internal Revenue Service up to more families. evaluate schools. – instead of requiring appli- Its provisions include Government and higher cants to fill out that informa- reforms to the student loan education officials this week tion themselves in order to process, expansions of finan- will begin the process of nego- simplify the process. cial aid programs and a flurry tiating how to implement the As a result, the online FAFSA of new regulations for colleges act’s reforms. form will be simplified and a and universities. Congress’ goal was “to make new, two-page “EZ-FAFSA” will The law reauthorized the the whole college application eventually replace the current landmark Higher Education information and financing seven-page paper document. Act of 1965, which greatly process simpler and consumer This summer’s bill also expanded the federal govern- friendly,” according to a Senate expands the federal govern- ment’s role in higher education aide who requested anonymity ment’s Pell Grant program, and serves as Washington’s due to office policy. which provides need-based primary piece of legislation on The Web site will con- funds to students from low-in- federal financial aid. tain data comparable to that come families. The bill inflates Congress passed the bill’s available from the Princeton the program so that students final version on July 31, when Review, a leading test prepa- can receive aid year-round, the House approved it by a ration company and source rather than just during the MCT vote of 380-49 and the Senate of information on colleges. academic year, and authorizes Lawmakers gathered on Capitol Hill over the weekend for a series of all-hours by a vote of 83-8. Bush signed “Then students and families conclaves to negotiate a massive investment bill to dig suffering companies out it into law on Aug. 14. can vote with their feet,” the see EDUCATION, page 2 of debt. Yesterday, officials published a preliminary version of the legislation. Hillel organizes Rock the Vote drive, aims to collect 100 absentee ballot requests in one hour BY NINA FOR D Hillel will set up two tables, one for their absentee ballots. groups “are going to come with can- Daily Editorial Board voter registration and the other for If students bring filled-out ballots to didate information just to make sure absentee ballot requests. Out-of-state the event today, Rock the Vote will mail people are informed,” Hershow said. Tufts Hillel will help students par- students who are not already registered them for free. Tufts Votes separately Glazier and Hershow are co-chairs ticipate in the upcoming presidential to vote can both register and apply for maintains a separate and ongoing bal- of Hillel’s Social Action Committee and election by sponsoring a Rock the Vote an absentee ballot at the event. lot drop-box to mail student absentee came up with the idea for Rock the Vote event at the campus center today dur- Rock the Vote will also include a ballots, according to Rock the Vote over the summer. ing open block. raffle for a $20 gift certificate to the Co-Coordinator Amy Glazier, a sopho- “This is our first big event,” Hershow The goal of the event is to accrue “100 local ice cream store J.P. Licks. When more. said. “We decided to do Rock the Vote absentee-ballot requests in one hour,” students sign up for the raffle, they In setting up the event, Rock the and got a lot of really great support said sophomore Rebecca Hershow, co- will provide their phone numbers and Vote worked with the campus organi- from Hillel.” coordinator of Hillel’s Rock the Vote. e-mail addresses so that Rock the Vote zations Tufts Votes, Tufts Democrats, Hillel has not endorsed either of the “We’re really stressing absentee bal- can contact them several weeks before Tufts Republicans and Tufts for Obama. candidates for president. “We’re non- lots.” the election with a reminder to fill out Representatives from some of these partisan,” Glazier said. Inside this issue Today’s Sections The Daily takes an in- Jumbo teams went 3-1 News 1 Editorial | Letters 10 depth look at the govern- during Homecoming Features 3 Op-Ed 11 ment’s proposed bailout weekend. Arts | Living 5Classifieds 12 bill. Comics 9 Sports Back see FEATURES, page 3 see SPORTS, back page 2 THE TUF T S DAILY NEWS Monday, September 29, 2008 Financial aid director criticizes bill Visiting the Hill of Political Science John Shattuck, a former assistant secretary of state for democ- for micromanaging school operations MONDAY racy, human rights and labor and a former ambassador to the Czech Republic, will EDUCATION But the Senate aide defended the leg- host the event. continued from page 1 islation, saying that Congress worked “ECO-FRIENDLY LIVING WITH When and Where: 12:00 p.m.; Tisch higher maximum levels for Pell Grants. closely with colleges in constructing the ANDREA RANGEr” Library It increases the maximum Pell Grant provisions. Sponsor: Tisch College of Citizenship and from $4,800 to $6,000 for 2009 and to “We took a lot of their advice, and def- Public Service $8,000 for 2014. initely our goal was to make it work,” the Details: Somerville Climate Action’s Andrea Tufts’ Director of Financial Aid Patricia aide said. In regards to more stringent Ranger will lead a discussion on how to “ForuM ON RELIGION AND IR” Reilly said that the higher maximum requirements on cost and price report- live an eco-friendly life. She will be speak- grant allowed by the legislation is an ing, the aide said that the burden placed ing in Dorie Clark’s Experimental College improvement, although legislators have on colleges would not be too great. class, “Marketing for Social Change.” All Details: A speaker from the State yet to guarantee funding. “About 10 per- “We were not mandating they do students are welcome. Department will discuss the relationship cent of our students get Pell Grants, but something, we were mandating they When and Where: 7:30 p.m.; 220 Braker between religion and international rela- it affects everyone because when we get report on something they were already Hall tions.