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The Daily Princetonian

Despite bumpy past, town-gown officials hope to build on common interests

Although the relationship between the University and the town of Princeton has featured a number of heated debates over taxes, the Dinky station and the Arts and Transit Neighborhood, Mayor Liz Lempert said the two entities are focusing on common interests and effective communication. University President Christopher Eisgruber ’83 has been on a comprehensive listening tour since before he was inaugurated last fall, and he met with town Council representatives at a public event to discuss pertinent issues such as transportation and diversity a few months into his term. “I think it’s been a great first step,” Lempert said of Eisgruber’s community outreach. Most recently, it was announced on Thursday that the University would increase its monetary contributions to the town by 4 percent every year. Lempert also noted that Eisgruber openly addressed the controversy over the University’s Arts and Transit Project, a development that demanded the relocation of Princeton’s historic Dinky train station. “He acknowledged the scars that that decision has left, and just the acknowledgment of that was important for the community to hear,” Lempert said.

NEWS | 04/24/2014

The Daily Princetonian

Princeton professor warns about ‘House of Debt’

While new financial regulation has focused on bank oversight and risk management, economics and Wilson School professor Atif Mian and professor of finance at the University of Chicago Booth School of BusinessAmir Sufi argue in an upcoming book that not enough attention has been paid to the role of high levels of private, household debt in the Great Recession. “The profession at-large and also the policy side have severely underestimated the importance of debt for the whole of the economy,” Mian explained. Their book, called "House of Debt," is complemented by anew blogthat bears the same title and debuted inMarch.

NEWS | 04/23/2014

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Holt discusses wilderness preservation, Keystone Pipeline

Congressman Rush Holt spoke about wilderness protection, the dangers of using fossil fuel energy and pipeline projects at a talk on campus on Wednesday. Holt, a member of the House Committee on Natural Resources, has mainly supported conservationist legislation that includes wilderness protection, promoting the use of alternative energy and capping greenhouse gas emissions. In addition to serving as congressman of New Jersey's 12th district, which includes the town of Princeton, Holt is the former assistant director of the Princeton Plasma Physics Laboratory. Listing examples such as oil spills, climate change and fossil fuel energy use, Holt said that it is general citizens who have to suffer the damage of such environmental destructions while the companies responsible for the damages often benefit and escape the responsibility. He said that people around the world, as well as in the United States, are “dying early and unnecessarily” because of the way we produce and use energy and the effects of climate change. Holt then explained the importance of the Udall-Eisenhower Arctic Wilderness Act, which was introduced to preserve the Arctic National Wildlife Refuge.He is currently co-sponsoring the act and noted that preserving the wilderness in Alaska is important because “It deserves to be there.” “This Arctic Wilderness Act is a nice designation to have because of all this wildlife, but it is a necessary designation to have because the oil companies are licking their lips at the prospect of being able to extract oil from this area,” Holt said.

NEWS | 04/23/2014

The Daily Princetonian

Princeton to build off-campus art storage facility

The first University-owned, off-campus fine art storage facility will be built in order to accommodate the University Art Museum’s rapidly growing collection. Designed specifically for the purpose of housing art, the 20,000 square foot local storage facility will be located on the University's Forrestal Campus, according to University Art Museum Director James Steward.

NEWS | 04/23/2014

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NJ Transit to suspend service to Newark airport

Service to Newark Airport Rail Station along the Northeast Corridor will be suspended for 75 days starting May 1. The closure of the airport train station is related to maintenance work being done on the Newark Airport Monorail, which travels between the terminals and airport parking lots,according to the Port Authority of New York and New Jersey. In a written statement, the Port Authority wrote that the closure is needed to allow for repairs to several eroded sites along the monorail's tracks. Instead, riders will be able to take NJ Transit buses to the airport from Newark Penn Station. However, Jack May, vice president of the New Jersey Association of Railroad Passengers,said this is not the most convenient solution for passengers, because NJ Transit could run a bus service directly from the Newark Airport train station to the airport itself, rather than from Newark Penn Station. Emergency access roads were constructed near and connected to the NJ Transit/Amtrak/Monorail Intermodal Station when the Monorail was built in 1996. “I think it’s a very poor policy of theirs,” May said.

NEWS | 04/22/2014

The Daily Princetonian

News & Notes: Chance the Rapper cancels performance at Yale’s Spring Fling

Chancelor Bennett, more commonly known as Chance The Rapper, has canceled his performance for Yale University’s Spring Fling on Saturday. Chance was expected to perform at the event with electronic-dance DJ Diplo and pop artist Betty Who. According to a letter posted on his Twitter account by his manager Patrick Corcoran, Chance fell ill Friday night following his performance at the Brooklyn Bowl in Las Vegas.On Sunday morning, he was hospitalized at Hollywood Presbyterian Hospital with a high fever and difficulty speaking. Chance is currently recovering at his home. The announcement that he would not be able to perform at Yale occurred the same day he announced that he would not recover in time for his second set of the closing night at the Coachella Valley Music and Arts Festival.

NEWS | 04/22/2014

The Daily Princetonian

Q&A: Raila Odinga, former Prime Minister of Kenya

After his lecture “The Awakening African Lion” on development and change on the African continent, former Kenyan Prime Minister Raila Odinga sat down with The Daily Princetonian to discuss current Kenyan politics, his experience as an African Union negotiator in the Ivory Coast’s 2010-11 conflict and the rise of terrorism and terrorist groups in Africa. The Daily Princetonian: Political pluralism was established in Kenya as recently as 1991, and yet the presence of multiple political parties seems to make maintaining a stable state even more difficult.

NEWS | 04/21/2014

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Former Kenyan Prime Minister discusses development of African continent

Africa has made economic strides in the last several decades and will expand further in coming years due to political advancement, former Kenyan Prime Minister Raila Odinga argued on Tuesday, in a lecture on development and change on the African continent. “If the continent you have in mind is of dictators and looters, think again,” Odinga said. Odinga, son of the first Vice President of Kenya, Oginga Odinga, held the position of Prime Minister of Kenya from 2008 to 2013, when the political position was abolished with the passage of a new constitution.

NEWS | 04/21/2014

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Huffington urges need to redefine success

Arianna Huffington urged the need for a definition of success that accounts for personal well-being in a panel discussion held on Tuesday.In her latest book, “Thrive: The Third Metric to Redefining Success and Creating a Life of Well-Being, Wisdom and Wonder,” Huffington, chair, president and editor in chief of The Huffington Post Media Group, claims that people need to stop associating success only with money and power and instead consider “the Third Metric of success.” The Third Metric is constituted of what Huffington calls “four pillars” — well-being, wisdom, wonder and giving.Huffington said that her own collapse in 2007 due to extreme stress allowed her to question the traditional metrics of success.“By conventional definition of success, I was successful,” she said, “but by any sane definition of success, if you are lying in a pool of blood on the floor … you are not successful.”That experience led Huffington to ask herself the questions that “all the philosophers have asked forever — What is good life?

NEWS | 04/21/2014

The Daily Princetonian

News & Notes: Email declaring Yale's divestment was a prank

Select members of the Yale community received an email on Mondayafternoondeclaring the university’s decision to divest its assets from fossil fuel companies. The Yale Daily News reported that Yale University Secretary Kimberly Goff-Crews confirmed the email was “not an official Yale communication.” The email appeared to be sent by “Kenneth Wilkinson, Yale Corporation Committee on Investor Responsibility.” The Yale Daily News could not find any link to the university. The text of the email described a divestment plan which would last 10 years.

NEWS | 04/21/2014