Smaller investors face down hedge funds, as GameStop soars

first_imgNEW YORK (AP) — A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing video game retailer. An army of smaller-pocketed, optimistic investors is throwing dollars and buy orders at the stock of GameStop _ in direct opposition to a group of wealthy investors who are counting on the stock price to plunge. The resulting action is wild, with GameStop’s stock soaring nearly 145% in less than two hours Monday morning, only for the gains to disappear quickly afterward. And so far, the smaller investors appear to be winning.last_img

AP Exclusive: GOP to stay neutral should Trump run again

first_imgNEW YORK (AP) — The head of the Republican National Committee is declining to encourage former President Donald Trump to run for the White House in 2024. RNC Chair Ronna McDaniel told The Associated Press on Wednesday that the party would stay “neutral” in its next presidential primary. She also described the pro-Trump conspiracy theory group known as QAnon as “dangerous.” The national GOP, under McDaniel’s leadership, spent the last four years almost singularly focused on Trump’s reelection. But should he run again in 2024 — as he has suggested he wants to — she said the national party infrastructure would not support his ambitions over those of other prospective candidates.last_img

Appeals court refuses to stop construction of oil pipeline

first_imgMINNEAPOLIS (AP) — The Minnesota Court of Appeals has denied a request by two American Indian tribes to shut down construction of a contentious crude oil pipeline project in northern Minnesota. Opponents of the Enbridge Line 3 replacement project, led by the Red Lake Band of Chippewa and White Earth Band of Ojibwe, said in their petition that construction would destroy land that is protected by treaty and violate cultural and religious rights. Enbridge said the petition had no merit and did not “recognize the exhaustive and meticulous review” of the project. Other cases seeking to halt Line 3 remain in the appeals court.last_img

Deutsche Bank makes profit on cost cuts, trading income

first_imgFRANKFURT, Germany (AP) — Deutsche Bank has turned in a profit of 624 million euros for the pandemic year 2020. Germany’s largest bank said that cost cutting over the past several years was paying off. The cost cuts are part of a long-term transformation aimed at reducing riskier or less profitable lines of business and refocusing on its European and German client base. On top of that, the turbulent year saw more revenues from trading bonds and currencies. CEO Christian Sewing said Thursday that the bank has moved through a transitional period of restructuring and was now looking ahead to sustainable profits.last_img

Saint Mary’s student government in brief

first_img The Board also met with the Moreau Presidential Scholars for a luncheon and will meet twice next semester. In addition, they help maintain the upkeep of the college, and tend to the needs of the Sisters of the Holy Cross, she said. In addition to its annual “Majors of the Week” activities designed to showcase different academic disciplines, the Student Academic Council is joining forces with the Career Crossings Office to plan a “Choosing your Major Night” directed toward both first year and sophomore students. Due to decreasing attendance in past years, the Council hopes to increase attendance, Smith said. The Council sponsors an annual Women Honoring Women dinner, which gives students the opportunity to recognize women on campus — administrators, faculty and staff — that are influential and inspirational. The dinner is planned for March 8. According to Dampeer, this year’s Board accepted 10 new members and met once during the fall semester. The chair of the Board is Mary Burke, a 1985 alumna. “They heard a presentation on the new general education curriculum at Saint Mary’s,” Dampeer said. Residence Hall Association plans events The Residence Hall Association (RHA) works to strengthen students’ ties to each residence hall. “Our biggest goal this year is establishing a close relationship with the Resident Advisors, the hall councils and the building staff [of each residence hall],” senior and RHA president Marianne Jones said. One way they are doing this is through the hall improvement request form which students can access through RHA’s new website. This form offers students the opportunity to give feedback about the residence halls, Jones said. RHA sponsored cooking in the halls, an event specific to each residence hall in which a cook visited the kitchens of each hall and cooked with students. The RHA has also helped plan Bellakazam — a Harry Potter-themed activities night — and an Ugly Christmas Sweater Party on Dec. 9. RHA also participates in several service projects. The group is in the process of revising its constitution. The last time it was revised was in 2004. Next semester, RHA will host the all-school formal and Little Sibs weekend. This semester, the Board has listened to many reports and presentations. SAC focuses on academic intiatives “I present the voice of the students,” Hoffman said. Emma Hoffman, the student trustee member, said the board will meet again in February. As a student trustee member, Hoffman has full voting rights on the issues and proposals of the Board. According to Dampeer, this year’s Board accepted 10 new members and met once during the fall semester. The chair of the Board is Mary Burke, a 1985 alumna. Smith said she has high hopes for this year’s Student Academic Council. “My own goal for SAC is to really motivate and challenge the student representatives to think outside the box, and to really reflect on ways that we can have a positive influence on the academic lives of students,” she said.center_img During its monthly meetings this semester, the Student Academic Council (SAC) has focused on academic-related concerns that affect students, SAC president Laura Smith said. “They heard a presentation on the new general education curriculum at Saint Mary’s,” Dampeer said. Student Diversity Board prepares DSLC Saint Mary’s Student Diversity Board’s (SDB) main goal is to increase discussion at the College by hosting events and guest speakers throughout the year. Most recently, the group held a hunger banquet at Saint Mary’s, which allowed students to donate a meal swipe to help raise money to provide food to underprivileged people throughout the world. Kelly Reidenbach, vice president of SDB, told The Observer earlier this year that the Board strives to fulfill one of its main purposes with the event. “The Hunger Banquet is a great way to provide an opportunity for open discussion as well as an opportunity to educate students and community members and bring awareness of an issue that affects millions of individuals worldwide,” Reidenbach said in a Nov. 14 article. SDB’s biggest annual event is the Diverse Student Leadership Conference (DSLC) that is always held during the spring semester. In the past, it has been a weeklong event that brings several different speakers to campus. The fifth annual DSLC will be held from March 29-31 on Saint Mary’s campus. In addition, they help maintain the upkeep of the college, and tend to the needs of the Sisters of the Holy Cross, she said. Board of Trustees hears new curriculum The Board of Trustees is the ultimate governing body for Saint Mary’s College, and meets four times a year to make decisions about the internal structure of the College, Susan Dampeer, executive assistant to the president, said. Emma Hoffman, the student trustee member, said the board will meet again in February. As a student trustee member, Hoffman has full voting rights on the issues and proposals of the Board. The Board also met with the Moreau Presidential Scholars for a luncheon and will meet twice next semester. This semester, the Board has listened to many reports and presentations. “I present the voice of the students,” Hoffman said. Board of Trustees hears new curriculum The Board of Trustees is the ultimate governing body for Saint Mary’s College, and meets four times a year to make decisions about the internal structure of the College, Susan Dampeer, executive assistant to the president, said.last_img read more

Faculty Senate passes LGBTQ resolution

first_imgIn a push for improved inclusion of lesbian, gay, bisexual, transgender and questioning (LGBTQ) members of the Notre Dame community, the Faculty Senate passed two resolutions Tuesday, one supporting a gay-straight alliance and the other proposing adding sexual orientation to the University’s non-discrimination clause. Student Senate passed similar resolutions earlier this semester. Faculty Senate chair Morten Eskildsen said the group decided to address the two resolutions due to outside support of the measures. “We have received from a number of sides emails encouraging us to look into this issue and the Senate Executive Committee agreed this is something we would want to look at and discuss,” he said. “And we did.” During Tuesday’s meeting, Eskildsen said there was a “clear majority” in favor of passing the resolutions. He said there seems to be strong support among Notre Dame faculty for advancing LGBTQ rights on campus. “The documents brought forward show really that this was the right thing to do. Overall, people felt that gays and lesbians who were feeling sort of left out or marginalized, there was a desire to try and improve their situation,” he said. “That was the main sentiment of those arguing in favor of the resolutions.” Eskildsen said this was the first time the issues were formally discussed within Faculty Senate, but he speculated a GSA and the non-discrimination clause were the topic of “many conversations” amongst faculty. “I’m sure a lot of people have discussed this across campus,” he said. “It’s just my impression.” Eskildsen said a number of questions regarding the resolutions, including legal issues, arose during the debate of the resolutions. As such, he said he expects discussion to continue through the next academic school year. “I think the Senate felt it would be nice to see some of those questions addressed by for instance legal counsel or offices of the University,” he said. “While we passed those resolutions, I would also say there is a sentiment to look further into this issue.” Student body president Pat McCormick said he appreciates the efforts of the Faculty Senate to pass the resolutions at Tuesday’s meeting. “We’re grateful to the faculty for their support of this effort to create a group for both gay and straight students to come together for mutual support and service to the broader community,” he said. McCormick said members of student government anticipate working with Faculty Senate and others in the Notre Dame community to further the progress achieved this semester. “We look forward to partnering in whatever way we can with faculty and members of the administration and of course student advocates to continue to explore ways we might be able to further expand inclusion in the Notre Dame community,” he said. University spokesman Dennis Brown declined comment on the resolutions until the parties involved present such material to Notre Dame. “We are aware of the Faculty and Student Senate resolutions, but we’ll refrain from any specific observations until we’ve had a chance to thoroughly review material forwarded to us by a group of concerned students,” he said. Brown said Notre Dame continues to promote acceptance of LGBTQ students on campus. “We want to make it clear that, as articulated in the Spirit of Inclusion, we welcome and value all members of our community, we condemn discriminatory harassment of any kind, and our policy explicitly precludes harassment based on sexual orientation,” he said.last_img read more

Declan Sullivan Memorial Fund helps youth

first_imgJocelyn. Emari. Alexander. DeJon. Micah. Sophia. These children are just six students at the Chicago non-profit Horizons for Youth, which provides need-based scholarships, long-term one-on-one mentoring and enrichment programs to area children. These children are just six students among Declan’s 40, a group of new students admitted to the Horizons for Youth program because of support from the Declan Drumm Sullivan Memorial Fund. Declan Sullivan died October 27, 2010, after a video tower from which he was filming football practice fell. He was double-majoring in marketing and Film, Television and Theatre, and was a student videographer for the football team. Saturday marked the second anniversary of his death. Barry Sullivan, Declan’s father, said the family wanted to put the outpouring of donations they received after his son’s death to good use in their community. The Sullivan family established the Declan Drumm Sullivan Memorial Fund and chose Horizons for Youth as its primary beneficiary last year. “This was a kind of generosity, it caught us off guard,” Barry said. “We sat down and we talked about the things that mattered to us as a family and the things that we knew were important to Declan, and we came up with a set of criteria for a memorial fund. It included education, supporting the local community, things that would have an immediate impact in the local community.” Horizons for Youth emerged as a perfect fit for the Sullivan family. The program’s founders graduated from Benet Academy, where Barry and his wife Alison attended high school, and its address is right next door to Old St. Patrick’s Church, where the couple was married and baptized all three of their children. Most importantly, the program’s mission was one Barry said his son would have appreciated. “[Declan] had a great interest in film, and I know he was doing a lot of writing. … He was coming to appreciate the benefits that he had, the kind of education that was allowing him to achieve his dreams,” Barry said. “That’s what we really appreciate about Horizons, and Declan would appreciate this. It’s giving children who probably would not have the opportunity to have that kind of success, giving them the support they need to achieve those things. … I think Dec would approve of what we’re doing.” The family hosted the first annual “No Ordinary Evening” fundraiser to support Horizons for Youth in April at Navy Pier in Chicago. The proceeds from the fundraiser allowed the program to admit Declan’s 40, which according to the website of Horizons for Youth is the largest group to be accepted to the program at one time. The names of these students are listed on the Horizons for Youth website. Barry and his daughter Wyn were able to sit through some of the interviews involved in the rigorous application process for Horizons for Youth applicants. He said he was impressed with the way the organization tries to admit students with families interested in furthering their children’s educations but often are lacking the means to do so. “One of their criteria is to identify students who really do have the kind of family support that will allow them to succeed, and then they augment that with the kind of mentoring and tutoring with these kids that would ensure their success,” he said. The Sullivan family met many of the students admitted to the program with Declan’s 40 at a picnic to begin the school year. A group of students from the Horizons for Youth program also traveled to the Notre Dame football game against BYU last weekend. Two years later, Barry said the memory of his son’s death still hurts. A member of his family is missing. But seeing the immediate impact of the funds donated in Declan’s memory is “a very positive thing,” Barry said. “I do think about that but for our loss, we would not have gotten connected with Horizons, and out of a very saddening and painful experience for us, something positive can come out of that,” he said. “We’re working with the children and seeing the impact. There’s no pain in that. It actually helps to [alleviate] the pain we feel after that loss.” On Saturday, Barry said his wife and youngest son remembered Declan with Mass at Old St. Patrick’s Church in Chicago. Their daughter Wyn, a junior at Notre Dame, is currently studying abroad in Dublin. “We spent the evening with some friends who toasted to Declan’s memory with us, and we watched a Notre Dame victory,” Barry said. “So we tried to do things that were in keeping, we try to celebrate his memory. … I’m sure [Wyn] was remembering her brother. She asked us to remember her as we are remembering him, as we were toasting his memory.” The family has already begun planning the second annual “No Ordinary Evening” fundraiser. The event will take place in April at Navy Pier in Chicago. “Throughout all of this, we’ve enjoyed a lot of support from the whole Notre Dame family,” Barry said. “The University administration has been very good to us. I guess I would just like to say that we really appreciate all the thoughts and prayers that we have felt from the Notre Dame family.” Alison, Declan’s mom, said in an email that she and her husband received texts from friends with photos of Declan’s campus memorial near the Guglielmino Athletics Complex with a sign that read “For Dec” on Saturday afternoon and evening. “At night, the site was lit up brilliantly with candles,” she said. “We were very touched that people on campus were remembering Dec on the second anniversary of his death.” Contact Megan Doyle at mdoyle11@nd.edulast_img read more

Project addresses ideas of beauty

first_imgThe Identity Project of Notre Dame will address contemporary conceptualizations of beauty at this weekend’s Edith Stein Project Conference. Senior co-chair Samantha Stempky said the organizers discussed beauty as a broad concept and acknowledged “beautiful” is used to describe many different kinds of women. They chose “Modern Beauty: Unveiling the Mystery” as the conference’s theme. Stempky said the conference, which takes place today and Saturday, asks what it means to be beautiful. “No wonder we’re striving for this [idea of beauty] and never feel fulfilled, because nobody can be both Mother Teresa and Marilyn Monroe,” she said. Approximately 15 students, professors and professionals will present papers they submitted to the conference Saturday morning, senior co-chair Margaret Kennedy said. “That’s really cool because this is a full-scale academic conference, and yet students are able to participate,” she said. “[The papers] will be related to the conference theme in some way, from ‘a woman’s pursuit of beauty’ to more philosophical perspectives.” Kennedy said approximately 25 speakers from a variety of backgrounds will also speak at the conference, from magazine editors to professors from other universities. “Most of the people coming to the conference have a Christian background, but they’re not all religious talks,” Kennedy said. “They’re meant to be talks that deal with a combination of the academic side and the personal side.” Professors of theology Tim O’Malley and Fr. Michael Heintz will be among the presenters. The conference is about femininity, but these issues are relevant to men as well as women, Stempky said. Kennedy said although the conference originated to address feminine issues, men can also appreciate the talks. “As the conference expanded, we have as many sessions that deal with issues related to men as related to women,” Kennedy said. “That creates a really unique atmosphere where there’s this open engagement from both men and women.” The conference aims to generate discussion about the complex topic of beauty, Kennedy said. Stempky said although the conference will not concretely answer “What is beauty?,” it will give people tools to explore that question in their own lives. “It’s not like we have all the answers,” she said. “It’s more, ‘Here are some different aspects of this issue.’ It’s more to prompt your own thinking and reflection.” Stempky said the conference benefits from being hosted at the University. “It has this academic element, as well as the personal, contemporary element,” she said. “The place where I think those two things meet best is at Notre Dame.”last_img read more

SMC students express concerns over food services

first_imgIt’s food week at Saint Mary’s, a time for students to learn about the foods they’re eating and ways to eat healthier. As a part of food week, students had the opportunity Wednesday to bring their questions and concerns to Barry Bowles, general manager of Sodexo dining services, which operates the Saint Mary’s dining hall. Junior Katie Stare, food services co-chair for the Student Government Association, said it is important for students to have a dialogue with Bowles. “A lot of students don’t realize they can raise their questions and concerns to Barry and he will help out, so it’s a way to talk to him one on one and have their questions addressed,” Stare said. During the discussion, Bowles addressed students’ desire to have eggs served longer so they can eat a healthy breakfast. Another alternative would be having an induction cooker installed to have a make your own eggs bar, he said. “I don’t know if we can do the induction cooker, and doing an open flame is hard,” Bowles said. “The induction cooker takes a special power supply, which I’d have to ask the College to install. But I’m not going to say no, I kind of like that.” Bowles said students who want the dining hall to be open later than 8 p.m. can find plenty of options to eat at other times, including co-exchange with Notre Dame. “What students need to understand is it costs dining services in the College for every half-hour increment we’re open,” he said. “Who honestly pays that cost? Students. If students are willing to pay to have the dining hall stay open late, we can do that. But from what I hear, we’re already too costly.” Bowles said if a Saint Mary’s student needs a co-exchange to Notre Dame’s dining hall, she could easily get one to accommodate her needs. “I trust Saint Mary’s students. If they need a co-exchange, then they’ll get a co-exchange,” he said. “It just takes setting up an appointment with me and we’ll work through it.” Bowles said Saint Mary’s has partnered with Real Foods, a student driven program to increase the dining hall’s usage of local, organic and sustainable foods. “Saint Mary’s has signed with Real Foods that we will be 20 percent local, organic and sustainable by 2020,” he said. “Last year in February, we were at 18.6 percent, so we’re really close. Our new goal in dining services is to be 25 percent by 2020, because we can hit it.” Bowles said the best part of his day is when he gets to be in the dining hall and actually serve the students. “My favorite part about food week is working with the students and listening to their ideas of what they want to do,” he said. “If the student population thinks we don’t listen to them? We do. And we act on what we can act on.” Contact Alaina Anderson at aander02@saintmarys.edulast_img read more

Lecture considers integral ecology in “Laudato Si”

first_imgOn Monday night at Geddes Hall, Fordham University professor of theology Christiana Peppard delivered a lecture entitled “Integral Ecology: Pope Francis, Ethical Pluralism and the Planet,” which focused on Pope Francis’s May encyclical “Laudato Si.” The talk was the seventh annual installment of the Reverend Bernie Clark, C.S.C., Lecture on Catholic Social Tradition and was sponsored by Notre Dame’s Center for Social Concerns.Peppard began the lecture with a brief overview of papal encyclicals and their impact, especially in the last century. She said while many commentators have reacted to the pope’s new encyclical as if it were a revolutionary and completely new strain of thought in the Catholic Church,“Laudato Si” actually builds on much of the work of other popes, such as Pope Benedict XVI’s writing on human ecology.“It’s important to note that all constructive endeavors are referential or in some way aggregate,” Peppard said.However, Peppard said Pope Francis drew on sources from outside of other papal encyclicals, including theology, philosophy and environmental science. In particular, Peppard said the influence of liberation theologian Leonardo Boff, who has written extensively on the relationship between environmental destruction and the exploitation of the poor, was clear. According to Peppard,“Laudato Si” focuses on how ecological degradation, such as climate change and the acidification of oceans, are related to social problems like poverty and oppression, a relationship described by the term “integral ecology.”At the heart of this concept of integral ecology, Peppard said, is a vision of social justice that espouses the rights the of marginalized who are victimized both economically and environmentally. This idea originates from Pope Paul VI’s encyclical on integral development which asserted that egalitarian concerns must accompany the drive for economic growth, Peppard said. However, Peppard said the Pope’s writing on integral ecology is paradoxically new and traditional.“In a sense, this is new for a pope to be saying, to be taking ecology and particularly the environment as a catalyst for his reflections, but in a sense it’s also very old and even in some sense Augustinian,” Peppard said.“Laudato Si” is committed to the fundamental tenets of Catholic social teaching, Peppard said, because it focuses on the common good.“The pope is trying to articulate what it means to have well-ordered loves that conduce to the good of the whole and of all people and the planet, now and in the future, to have our desires, decisions, our choices, our actions all be oriented towards the good,” Peppard said.Despite Pope Francis’s dedication to traditional Catholic thought, Peppard said, his style is distinct because it reconciles incorporates and many viewpoints that seem to conflict.“Classically, the response of the Church has been to assert universalism and unity to gloss over the fissures and the difficulties of evidence and differences,” Peppard said.However, Peppard said Pope Francis rebels against this tendency.“The pope is radically unfrightened by the plurality of epistemologies, the multiple ways of knowing and assessing and experiencing the world,” Peppard said.Peppard said this approach does not delegitimize the primacy of Christ’s teachings, but rather complements them.“For him, yes, Christ is at the center, but this does not preclude other forms of knowledge such as contemporary science and the diversity of experiences that people have on this changing planet,” Peppard said.Ultimately, Peppard said, Pope Francis simultaneously builds on the rich tradition of the Catholic Church and charts a new, audacious path with “Laudato Si.”Tags: CSC, laudato si’, Pope Francislast_img read more