Wearing their ties, high heels and power-suits, Cornell students interested in finance careers or investment banking are heading to recruiting activities in Barnes Hall and various other locations throughout campus, yet many will find the competition fiercer than they might have expected. According to Reuters.com, the financial industry has already made 75 percent more job cuts this year than in all of 2006 combined — an indication that large employers of Cornell undergrads, like Lehman Brothers and Goldman Sachs, may be cutting back on their number of hires this year.
“The impact for Cornell is going to be severe and widespread. A lot of companies are going through the motions. While they show up, they have no intention of employing,” said Prof. Charles Chang, finance.
Scrimple.com, a term which combines “scrimp,” to be frugal with one’s money, with “simple,” is the brainchild of three Cornell undergrads who aim to save students money while boosting Ithaca’s economy. By providing free coupons which can be used at local hotspots like College Town Bagels, Aladdin’s and Ruloff’s, Scrimple claims to have saved Cornell students over $5,500 since the start of summer. It has generated almost $14,000 in revenue for local businesses.
“As students, we understand how expensive it is going out to eat or to bars. We’re trying to create something different and unique that focuses on one thing — promoting the college experience,” said Matt Ackerson ’09, founder and CEO of Scrimple.com.
A recent Cornell research project concluded that pollution deserves a place alongside heart disease and cancer on the list of leading causes of death worldwide. Contamination of water, air and soil leads to 40 percent of the planet’s death toll, according to a study conducted by Prof. David Pimentel, ecology and evolutionary Biology.
“In the United States alone, 76,000 people are in the hospital each year, with 5,000 deaths, just due to pollution of air, food or water. Cancers are increasing in the U.S., and AIDS is on the rise,” Pimentel said.
Prof. Robert Frank, economics, plans to donate $60,000 of the royalties from his new book The Economic Naturalist: In Search of Explanations for Everyday Enigmas to the John S. Knight Institute’s Writing in the Majors program. The donation will be in honor of the hundreds of students whose ideas contributed to the question-and-answer style book, which will be available starting May 21.
Recently the Center for Disease Control and Prevention discovered a drug-resistant strain of gonorrhea, previously considered a curable STD that was relatively easy to treat.
The new strain is immune to the fluoroquinolone antibiotic in the form of a pill that doctors have readily prescribed for over a decade. From now on, the only guaranteed treatment for all cases is a shot of the cephalosporin antibiotic.
Sujo John was working on the 81st floor of the World Trade Center’s North Tower on Sept. 11, when American Airlines Flight 11 crashed into the building just a few floors above him. Last night at an event hosted by the Johnson Christian Fellowship, John related his incredible survival story to a group of Cornell students in Sage Hall.
On Dec. 5 the New York City Board of Health voted unanimously to ban trans fatty acids in all restaurants — an initiative that Cornell Dining began months beforehand. Even more detrimental than saturated fat, trans fats clog arteries, increase cholesterol and are a leading contributor to coronary heart disease, according to the U.S. Food and Drug Administration.
On March 8, Cornell University made the top ten of BusinessWeek’s best undergraduate business schools in the U.S. — just five years after the Applied Economics and Management major became an accredited business program.