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Thursday, 20 December 2012

As we come to the end of a difficult year, one that has seen too many of us dealing with natural disasters and man-made tragedies, it's good to remember the values and associations that sustain us — the people and places that make life fulfilling even during the most trying times. For a reminder, please take a moment to view the holiday greeting sent by the Cornell Plantations.

I look forward to seeing many of you at CALC and other Cornell events in 2013. Happy New Year!

Jim Roberts '71

Editor & Publisher

Austin to Depart Print E-mail
Monday, 17 December 2012

A number of Canadian media sources, including the Globe and Mail of Toronto, are reporting that football head coach Kent Austin is leaving Cornell to become the head coach and director of football operations for the Hamilton Tiger-Cats of the Canadian Football League. Austin was an outstanding player and head coach in the CFL before coming to the Big Red. He won a league championship with the Saskatchewan Roughriders in 2007.

And now it's official:

Attack of the Killer Bugs Print E-mail
Tuesday, 11 December 2012

We are facing a crisis in medicine, warns a Weill Cornell researcher, because of the failure to develop critically needed new antibiotics. "The cause can be traced," says Carl Nathan, MD, "to two profound problems." The first of these is economic, explains Nathan, who is the chairman of the Department of Microbiology and Immunology at the Medical College in New York City. Producing new antibiotics is not as profitable for the large pharmaceutical companies as making drugs that people take for many years, like asthma medications. The other problem is the rapid mutation of bacteria, which evolve and become resistant to current drugs.

If we don't address this problem soon, Nathan asserts, many more people could die from bacterial infections. He makes his case in a New York Times op-ed published on December 10.

Endowment Value Declines in Last Fiscal Year Print E-mail
Monday, 12 November 2012

On November 7, Chief Investment Officer A. J. Edwards announced that the value of Cornell’s long-term investments (LTI) was $5.23 billion on June 30, 2012. This represented a drop of 2 percent from the end of the previous fiscal year, when the LTI—which includes the endowment and two smaller funds—had a year-end value of $5.35 billion. Although there was a small positive return of 0.14 percent on the University’s investments during the most recent fiscal year, it was not enough to offset the annual payout from the endowment, which supports operations and financial aid.


As the Daily Sun reported, Cornell was in good company: Harvard had previously announced a negative investment return of –0.05 percent and a 4 percent drop in its endowment, representing a loss of $1.3 billion. Dartmouth fared the best among the Ivies, with a 5.8 percent investment return and an increase of $73 million in its endowment.

Goodbye, Chris Welcome, Jim Print E-mail
Friday, 02 November 2012

A little more than four years ago, we welcomed Chris Marshall to Cornell as associate vice president for alumni affairs. Chris came to Ithaca from Lehigh University, his alma mater, where he had served as executive director of the alumni association for seven years. Chris quickly revamped the Office of Alumni Affairs, adding personnel and making many significant changes to its programs and operations. He also served as a member of the Cornell Alumni Magazine Committee, attending our meetings and offering important insights and support.

It was announced this week that Chris will soon be leaving Cornell and returning to Pennsylvania, closer to family and friends, and that he will have a position with the philanthropic management firm GG+A. We will miss working with Chris and wish him well. His replacement will be Jim Mazza ’88, a longtime member of the leadership team in Alumni Affairs and Development who is well-known to many Cornell alumni. We look forward to working with Jim as we move forward to the Cornell Sesquicentennial in 2015.

— Jim Roberts ’71

Editor & Publisher

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