James and the Twenty-Seven Bicycles
16 years ago
Alternative historical information and alternative news about Columbia University and other U.S. power elite institutions.
“Jonathan Lavine is the Managing Partner and Chief Investment Officer of Sankaty Advisors, Bain Capital’s fixed income and credit affiliate, which he founded in 1997… Before the formation of Sankaty, Mr. Lavine worked in Bain Capital’s private equity business which he joined in 1993...Mr. Lavine is a Trustee of Columbia University and former Chair of the Columbia College Board of Visitors...Mr. Lavine also is a member of the ownership group and a Director of the Boston Celtics…He was a 2008 recipient of Columbia’s John Jay Award for distinguished professional achievement.”
“…Romney…helped to create Bain Capital, a private equity firm that makes its money by buying functional US manufacturing and service firms and rendering them dysfunctional. Bain guts American companies, ripping out whatever parts are profitable and then tossing the workers aside.
“Bain forces cuts in wages, benefits and pensions. It outsources work. And it offshores production—harming American workers and communities and undermining American industries….Romney continued to be intimately involved with Bain as the company began to focus more and more of its energies on the shuttering of US factories and the transfer of the work done in those factories to foreign countries….Through arrangements that he made, Romney remains one of the prime beneficiaries of every move that Bain makes….He remains a direct beneficiary of Bain’s buccaneer pillaging of the US economy…Romney continued to collect a share of the corporate buyout and investment profits enjoyed by partners from all Bain deals until 2009… Romney has collected profits from twenty-two Bain and Bain-related funds…. “
"Dear President Bollinger,
"As faculty, employees, alumni, and students of Columbia University, we are writing to express our deep disappointment in your recent decision to support JPMorgan Chairman and CEO Jamie Dimon’s continued membership on the Board of the New York Federal Reserve Bank.
"As the Chairman of the Board of the New York Fed, your unambiguous duty -- as stated by the Guide to Conduct –- is to maintain “the integrity, dignity, and reputation of the Federal Reserve System. . . and to avoid actions that might impair the effectiveness of System operations or in any way tend to discredit the System.”
"By supporting Dimon’s tenure you have abdicated this most basic responsibility. You denied your own responsibility to ensure the integrity of the Fed by echoing Mr. Ben Bernanke’s remarks that it is up to Congress to address this problem. You then added that Congress had more pressing issues than this one. In so doing, are you not, in essence, urging inaction by all parties capable of affecting this important change? Further, by characterizing those who wish to see Mr. Dimon resign as “foolish” and in possession of a “false understanding” of how the Fed works, you have added insult – and inaccuracy – to the original injury of encouraging this critical institution to continue in its current form.
"It is worth reminding you that JPMorgan Chase is currently under investigation for its recent $3 billion trading loss – a loss Mr. Dimon initially denied and then characterized as a ‘tempest in a teapot’. It may also bear repeating that Mr. Dimon has long campaigned aggressively against important regulatory reforms designed to prevent excessive risk taking by Too Big Too Fail institutions – institutions the Federal Reserve bailed out with trillions in taxpayer money.
"We urge you to reverse your support for Mr. Dimon and instead call for his resignation. We respectfully remind you that there is precedent for this kind of action. In April 2011, Jeffrey R. Immelt, chief executive of General Electric, stepped down from the NY Fed after it was clear that GE Capital would be regulated by the Fed as a ‘systematically important’ financial institution.
"As an educator, you have a particular responsibility to demonstrate moral and intellectual credibility, something you have failed to do in this situation. As the President of a university, you have a responsibility to ensure that students have the best possible opportunities upon graduation. Surely you must know of the unemployment crisis currently facing young people in America – a situation brought about in no small measure by the ‘Too Big to Fail’ financial institutions at the heart of the 2008 collapse. That collapse not only threatened the employment potential of millions of American students, but also risked the financial health of the parents and grandparents who co-signed their educational loans. That you would choose to uphold the interests of major financial institutions over students and their families is unimaginable. We certainly hope that the contributions made to Columbia by JPMorgan – sums north of $500,000 – had nothing to do with your decision.
"Three years after the biggest financial crisis since the Great Depression, the country is struggling to rebuild its economy. A stable and appropriately governed financial system is a pre-requisite of our recovery. As the Chairman of the NY Fed, you can certainly take this most obvious step forward...."
“On Monday, May 14,…Barack Obama will be on the Morningside Campus to deliver the…address at the Barnard College ceremony, held on the South Field Lawns at 12:30 p.m. This message provides important information regarding the extensive security measures that will impact lower campus operations and access.
“Please know the logistics outlined here may change at any point, subject to White House and Secret Service discretion. Updates will be posted to the Columbia homepage. We ask for your cooperation and flexibility given these extraordinary circumstances. As a precaution, please carry your University ID card with you at all times on Monday.
“AREA OF RESTRICTED ACCESS: MIDNIGHT – 6:00 A.M. MONDAY
"All gates south of 117th Street, Low Plaza, College Walk, South Field and the following buildings must be vacated and locked down. There will be no entry or activity permitted.
“Lower Campus
“Journalism, Furnald, Lerner Hall, Carman, Butler Library, John Jay, Wallach, Hartley and Hamilton
“Upper Campus
“Low Library, Kent, Dodge Hall and Miller Theatre
“LOWER CAMPUS ACCESS: 6:00 A.M. – 3:00 P.M. MONDAY
“Entry to lower campus and its buildings will be limited on Monday. Those permitted to enter lower campus will be required to pass through magnetometer screening. Large bags and liquids will not be allowed. Access will be granted to the below groups at the locations specified.
“Columbia University Faculty or Staff Reporting to Work on Lower Campus
“Faculty or staff must have a University ID card and University-issued letter to verify they work in a lower campus building. If you have been instructed to report to work, but have not yet received this documentation, please see your immediate supervisor.
Lerner Hall and Print Services staff: 115th Street and Broadway, Lerner Hall gate
Hamilton staff: 115th Street and Amsterdam Avenue, Taint gate
“Upon entry to these buildings, staff will not be permitted to exit onto campus.
“Barnard College Ceremony Participants
“Degree candidates and members of the academic procession: Lerner Hall, Broadway lobby entrance
“General Admission ticket holders: 114th Street: Carman and John Jay gates
“Guests with Disabilities, Press and VIPs: 115th Street and Broadway, Lerner Hall gate
"STREET AND GATE CLOSURES: MIDNIGHT – 3:00 P.M. MONDAY
"In addition to areas specified here, there may be intermittent street and walkway closures during the President’s arrival and exit.
"Street Closures
"No parking will be permitted on 116th Street between Amsterdam Avenue and Morningside Drive. Additionally, there will be no parking on Amsterdam Avenue from 114th to 125th Street.
"No parking will be permitted on the east side of Broadway from 114th to 120th Street.
"There will be no parking on West 114th Street between Broadway and Amsterdam Avenue. Additionally, this street will be closed to vehicular traffic.
"Pedestrian traffic on 114th Street will be restricted to the south side of the street.
"Sidewalk traffic along campus on both Broadway and Amsterdam Avenue will be restricted, from 114th to 117th Street.
"Campus Closures
"The 116th Street gates, College Walk and Low Plaza will be closed.
"The Amsterdam Avenue overpass will be closed.
"The Bookstore, Butler Library, Dodge Hall, Furnald, Carman, John Jay, Hartley and Wallach will all be closed.
"Hamilton, Journalism and Kent will be closed, except for personnel already identified.
"The Intercampus Shuttle 116th Street, Northbound stop will be moved to 117th Street.
"Administrative and Student Mail delivery, as well as external couriers to lower campus will be suspended and the Lerner Hall Student Package Center will be closed Monday.
"UPPER CAMPUS ACCESS
"Access to Dodge and Kent Halls will be restricted as described above. All other buildings on upper campus will follow normal University operations on Monday….”