Feature Stories Campus Events

Rob Straughan Featured in International Business Times Articles on Big Food and Corporate Social Responsibility

Rob Straughan, an expert on corporate social responsibility, is quoted in two recent articles in The International Business Times on the new push by major food companies to address shortfalls in their corporate social responsibility, sustainability/environmental and organic/natural programs and offerings.  Straughan is professor of business administration/marketing and associate dean of W&L’s Williams School of Commerce, Economics, and Politics.

Read the articles:

  • “Big Food Must Invest in Social Responsibility to Thrive, Experts Say” (Aug. 28, 2014)
  • “Big Food Acquires Green Companies to Boost Sustainability, But Does it Work?” (Aug. 29, 2104)

W&L Law Welcomes New Visiting Faculty Members Malveaux, Engle

Washington and Lee University School of Law is pleased to welcome two new visiting faculty members this semester.

Suzette Malveaux is visiting from Catholic University Law School, where she is Professor of Law and former Associate Dean for Academic Affairs. She teaches Civil Procedure, Complex Litigation, Civil Rights Law and Fair Employment Law. She is co-author of “Class Actions and Other Multi-Party Litigation: Cases and Materials” and has published numerous law review articles that explore the intersection of civil procedure and civil rights.

Malveaux graduated magna cum laude from Harvard University. She earned her J.D. from NYU School of Law, where she was an Associate Editor of the Law Review, a Root-Tilden Scholar and a Center for International Law Fellow. Upon graduation, she clerked for the federal district court (SDNY) for the Honorable Robert L. Carter. Prior to entering academia, she was a class action litigation specialist who appeared before the U.S. Supreme Court and argued before the 11th Circuit Court of Appeals.

Malveaux is frequently consulted by the media to provide commentary on various legal issues involving the Supreme Court, the civil legal system and civil rights. Her appearances include CNN, MSNBC, Fox News 5, Al Jazeera English and the PBS NewsHour. She has been interviewed by The New York Times, The Wall Street Journal, The Atlantic, The National Law Journal, and the Congressional Quarterly.

Also visiting at W&L Law is Matthew Engle, who will serve this year as the interim director of the Virginia Capital Case Clearinghouse, the capital defense clinic at W&L Law. From 2010-14, Engle was an Associate Professor and Legal Director of The Innocence Project at University of Virginia School of Law.

Engle previously worked as a Deputy Capital Defender in Arlington, where he represented indigent defendants against whom the Commonwealth was seeking the death penalty in trial courts throughout Northern Virginia. He served as a Staff Attorney at the Virginia Capital Representation Resource Center in Charlottesville, where he represented Virginia death row inmates in state and federal habeas corpus, appellate, and clemency proceedings.

Engle graduated from Washington and Lee University School of Law in 2001, after spending two years as a clinician in the Virginia Capital Case Clearinghouse under the leadership of Professor Roger Groot.

W&L Purchases Times of London Digital Archive

Patrons of Washington and Lee University’s Library may now read the digital archives of the Times of London, one of the best-known newspapers in the world, which has been covering world events since 1785.

The library has purchased a searchable online database of the Times that will enable students, faculty and employees of the University, as well as visitors to the library, to access its contents from both on-campus and off-campus locations. The purchase was made possible through the generosity of the Friends of the Library at W&L.

The archive spans 215 years of history, from 1785 to 2008, and provides full text and images from over 11 million articles, commentary and perspective. The library has also purchased the 1822¬–2006 digital archive of the Sunday Times, a separate newspaper with a rich history of investigative journalism.

“We have had our eyes on purchasing the Times Digital Archive for a long time,” said Dick Grefe, associate professor and senior reference librarian at the library. “Part of the appeal is that W&L’s curriculum is more international than it used to be, and we care about what the Times said about European, Asian or African history.” W&L already has the digital archives of the New York Times, the Washington Post and the Wall Street Journal.

Grefe pointed out that the possibilities for student research are now greater than ever. For example, to research the origins of the current crisis in the Middle East, students can look back through the Times archive to the creation of Syria and Saudi Arabia at the end of World War I, to see why the Islamic State (also known as ISIS) considers the national borders created then as artificial.

“Students can see what people at the time were writing about the creation of Syria, not just today’s journalists looking for background on the current crisis. The perspective was different then, and the atmosphere and orientation were different,” said Grefe.

“One of the things that we librarians and faculty do is to constantly remind students of the possibilities for their research,” Grefe continued. “Acquiring these sources and tools is only half the battle—we also have to let people know that they are available. Given the chronological span of the Times Digital archive, I think a broad array of W&L curricular areas will benefit from this, including history, journalism, literature, the arts and politics, to name a few.”

The W&L History Department was the first to benefit from the Times Digital Archive, when Sarah Horowitz, associate professor of history, brought students in her course “Scandal, Crime and Spectacle in the 19th Century” to read blow-by-blow accounts of the development of detective stories and how crime developed in Victorian England, from Jack the Ripper to Sherlock Holmes.

The contents of the archive are not limited to the big events of history: researchers can even read a 1965 account in the Times of a visit to England by W&L’s lacrosse team.

Grefe said that the digital Times published before the 1920s are in the public domain and can be accessed by anyone. However, only large companies have had the resources to acquire the rights to digitize the microfilm records of newspapers and develop the software that allows people to search page by page, and in some cases article by article. “These digital archives make pretty good research material if you’re trying to get a feeling for an era, a year, an event or to track a person,” said Grefe.

The library’s contract with the publisher allows W&L faculty and students to access the W&L network to use the Times Digital Archive, whether they are on campus or anywhere in the world. Visitors to the library can also access the Times archive, other newspaper archives, Lexis Nexis and Ancestry.com and other historical and contemporary databases through several computers in the library.

“It used to be that people didn’t get very excited about accessing microfilm archives of newspapers,” said Grefe, “but everyone can understand and make use of this online version of the Times. We are extremely grateful to the Friends of the Library for helping us make these major purchases that wouldn’t be possible otherwise.”

Friends of the Library at W&L was established in 2004 and has 242 active members, including W&L alumni, faculty, staff and community members who support library activities. During the past 10 years, the Friends has given the library approximately $200,000 in support of new materials, resources, furnishings and equipment. Individual members have also contributed thousands of dollars to restore and preserve items in W&L’s Special Collections.


Lyrical Paintings Featured in Stanier Gallery Exhibit

Washington and Lee University’s Staniar Gallery is pleased to open its 2014-2015 year with “Conversing With Time,” an exhibit of paintings and drawings by Minneapolis-based artist Clarence Morgan. The show will be on view Sept. 5 to Oct. 3.

He will give an artist’s talk on Sept. 24, at 5:30 p.m. in Wilson Hall’s Concert Hall. The lecture will be followed by a reception for the artist. Both exhibit and lecture are free and open to the public.

Morgan’s paintings, drawings and prints reflect a sophisticated understanding of abstraction and composition. His vocabulary of marks ranges from invented shapes to organic forms which he uses to create layers of lyrical networks and dense patterns. Morgan’s deep engagement with the act of drawing leads him to approach each work intuitively, inviting the viewer to follow his process.

Morgan has received fellowships and grants from the Jerome Foundation, Bush Foundation, Southern Arts Federation, McKnight Foundation, Minnesota State Arts Board, North Carolina Arts Council and Art Matters Inc.

His prints, paintings and works on paper can be found in the collections of the Walker Art Center, Minneapolis Institute of Arts, the Pennsylvania Academy of the Fine Arts, Asheville Museum of Art, Cleveland Museum of Art and Weisman Museum of Art, as well as many private collections throughout the U.S.

Morgan is a professor of art at the University of Minnesota.

Staniar Gallery is located on the second floor of Wilson Hall in Washington and Lee’s Lenfest Center for the Arts. Gallery hours are Monday through Friday, 9 a.m. to 5 p.m. For more information, please call (540) 458-8861.

W&L Law’s David Baluarte Named to Board of Directors for ACLU of Virginia

David Baluarte, a professor at Washington and Lee University School of Law, has been elected to the board of directors for the American Civil Liberties Union (ACLU) of Virginia.

Baluarte has been named to the Legal Panel of ACLU Board, where he will advise staff and other board members on legal advocacy opportunities and potentially serve as cooperating counsel in litigation proceedings.

At W&L Law, Baluarte is the Director of the Immigrant Rights Clinic, a semester long practical lawyering experience available to third-year students as part of W&L’s innovative third-year curriculum. Through live representation of immigrant clients, Baluarte teaches students about the lawyering skills, values, and knowledge necessary to succeed in the legal profession.

Baluarte teaches and writes about topics ranging from immigration, refugees and stateless persons, and transnational law with a specific focus on international human rights law and practice. In a recent Roanoke Times Q&A, Baluarte addressed the importance of the activities of the ACLU.

“The ACLU is an organization that stands for the fundamental constitutional rights and liberties that serve as the very foundation for our democracy,” he told the paper. “Perhaps unsurprisingly, these rights and liberties are most often threatened when unpopular groups with unpopular views attempt to invoke them. The ACLU understands that all people in our country must enjoy the protections of the Constitution if they are to have meaning, so it defends equally these rights and liberties for everyone.”

The entire interview with Baluarte is available online.

Before coming to W&L, Professor Baluarte was a Practitioner-in-Residence and Arbenz Fellow in the International Human Rights Law Clinic (IHRLC) at American University Washington College of Law. In addition to his clinical teaching responsibilities in that capacity, Professor Baluarte managed projects and consulted for the UN High Commissioner for Refugees (UNHCR) and the Open Society Justice Initiative (OSJI).

Before beginning his teaching career, Professor Baluarte served as a staff attorney in the Immigration Unit the U.S. Court of Appeals for the Second Circuit and as a staff attorney at the Center for Justice and International Law (CEJIL). Professor Baluarte earned his J.D. from American University Washington College of Law, where he was a Public Interest and Public Service (PIPS) Scholar, and his B.A. from Brown University.

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Justice Donald Lemons, Professor of Judicial Studies at W&L Law, Elected Chief Justice of Virginia Supreme Court

The Justices of the Supreme Court of Virginia have elected Justice Donald W. Lemons as Chief Justice. Since 2008, Justice Lemons has served as Distinguished Professor of Judicial Studies at Washington and Lee University School of Law.

Justice Lemons succeeds Justice Cynthia D. Kinser, who is retiring from the Court at the end of the year. He will begin his term as Chief Justice on January 1, 2015.

“We have had the opportunity to get to know Justice Lemons as a colleague, a teacher, and a committed member of the W&L community,” said Dean Nora Demleitner. “We could not be prouder of this recognition of his talents and his devotion to the law, justice, and the people of the State of Virginia.”

At W&L Law, Justice Lemons teaches a third-year practicum course on appellate practice that combines legal theory about the nature of the judicial process with hands-on simulations of appellate practice. Students participating in the course explore the formulation of appellate strategies, effective brief-writing, and presentation of oral argument among other appellate skills. Students also get an up-close view of appellate advocacy at work by visiting and speaking with justices and judges from various appeals courts, including the Supreme Court of the United States, the Supreme Court of Virginia, and the United States Court of Appeals for the Fourth Circuit.

A distinguished jurist and legal educator, Justice Lemons has served as a judge or justice at every level of the judiciary in Virginia and has taught at the law schools at the University of Virginia and the University of Richmond. He is a national leader in numerous legal and civic organizations and served as president of the American Inns of Court, an organization that brings together legal practitioners of all levels to improve the skills, professionalism and ethics of the bar and bench.

Recognized as an authority on American legal history, Justice Lemons served on the state, national and international committees that organized the activities to commemorate the 400th anniversary of Jamestown’s founding. In 2008, he was awarded the rare honor of being named an Honorary Master of the Bench by the Middle Temple in London.

Justice Lemons graduated from the University of Virginia School of Law in 1976 and served as an assistant dean and assistant professor of law at the school for several years. After a successful career in private practice, Lemons was appointed in 1995 to the Circuit Court for the City of Richmond by Gov. George Allen. In 1998 Lemons was elected by the Virginia General Assembly to the Court of Appeals of Virginia and then to the Supreme Court of Virginia in 2000.

New Art Exhibit in Holekamp Hall

Washington and Lee University’s Williams School of Commerce, Politics, and Economics announces a new exhibit in Holekamp Hall’s McCarthy Gallery. “Inside/Outside: Paintings by Philip Geiger” will run from Sept. 15 through Dec. 15, 2014.

Artist Philip Geiger paints cityscapes and the human figure from everyday observation, and is known for his use of light, loose brush strokes and narrative images of family life. His work has been reviewed by The New York Times, Art in America, ArtNews and the New Criterion.

Geiger has been an art professor at the University of Virginia, where he teaches painting and drawing, for more than 30 years. He earned his BFA from Washington University and his MFA from Yale University. He lives in Charlottesville with his wife, the painter Elizabeth Geiger, and their two children.

Gallery hours are from 8:30 a.m. to 5 p.m. Entrance is free. Free parking is available in Washington and Lee University’s parking garage, which you can find on the university’s campus map.

Shelbi Hendricks '16: Attending McKinsey’s Women’s Undergraduate Summit Confirms One Student’s Career Focus

Shelbi Hendricks ’16 didn’t go directly home after she completed her six-week London internship. The business administration and psychology double major from Louisville, Kentucky flew to New York City to participate in the McKinsey & Company Women’s Undergraduate Summit, which was held July 26.

When Hendricks came to Washington and Lee University, she thought she wanted to go into industrial and organizational psychology. Businesses conduct research on employee behavior and use “I-O psychology” to determine the best ways to hire, train, and assess their workers.

“I thought the two degrees would really complement each other, and while each does enhance the other, over time I realized I was focusing more on the business side,” said Hendricks. “The psychology will always be important though. Business is still about dealing with people.”

These days, Hendricks plans to pursue a career in consulting. She spent the spring term in Copenhagen, taking Corporate Social Responsibility with accounting professor Elizabeth Oliver and business administration professor Rob Straughan. Their class project was done in partnership with Deloitte Denmark. From Copenhagen, Hendricks went to London where she interned with the business development team of an engineering and strategic consulting firm, Parsons Brinckerhoff. Both experiences helped Hendricks get a better feel for the consulting field.

According to Consulting Magazine, women make up only a quarter of all consulting professionals. The hours are long and consultants, particularly those who are in the early stages of their careers, can expect to be on the road every week. Women who want to start families can find it difficult to balance competing priorities at work and home.

Global management consulting firms like McKinsey are aware of these challenges and are doing what they can to recruit and retain exceptional women. To that end, McKinsey launched the Undergraduate Women’s Summit to introduce talented collegiate women to the consulting profession. The one-day program, which takes place in New York, offers an industry overview, guest speakers and case studies that help sophomore and junior women see how their problem-solving skills could be applicable in a consulting career.

“Going into it, I didn’t know what to expect. I thought it’d be very formal—mainly a recruiting forum for both us and them. But that’s not what it was like at all,” said Hendricks. “It was very interactive.”

McKinsey introduced the summit’s participants to female staffers who work as both business analysts and associates and who are based in the New York office as well as offices in New Jersey, Houston and Dallas.

“They were these incredible women who were doing exactly what I want to be doing in two years,” said Hendricks.

Much of the afternoon was dedicated to working on a case study. The McKinsey staff showed Hendricks and the rest of her cohort how to apply the “McKinsey formula” to business problems, and guided the young women through real-world scenarios. By the end of the afternoon, each group had put together a brief presentation that summarized their recommendations. For Hendricks, the entire experience was inspiring and cemented her desire to go into consulting.

“I learned so much, and it was so great to see these women and what they were doing,” said Hendricks. “There’s definitely a place for women in consulting. You just have to be comfortable with who you are.”

Randolph Hare Elected President of Professional Association

Congratulations to Randolph Hare, the director of maintenance and operations in W&L’s Facilities Management, who in July became the president of APPA International, the professional organization of facilities and physical plant officers at educational institutions.

Randolph has worked at W&L since 1971. He has served on a presidential search committee, on the Presidential Task Force on Women and as a Discrimination Policy Adviser. Randolph also has worked with faculty and board members in strategic planning for W&L and has helped to organize and assist with volunteer construction projects and disaster relief work.

Along with the presidency comes a glowing profile of Randolph in the September/October issue of Facilities Management Magazine.

He has been associated with APPA for more than 25 years, serving on the Information and Research Committee as a representative of SRAPPA (the Southeastern Region) from 2002 to 2006. He also served two terms as APPA’s vice president for information and research.

APPA, now celebrating its 100th anniversary, sharpens its members’ management and leadership skills, helps the institutions improve their environments, and recognizes the importance of facilities to the students, staff and faculty.


Exhibit of Paintings by Philip Geiger Opens Sept. 15

“Inside/Outside,” paintings by artist and teacher Philip Geiger, will be on display at the McCarthy Gallery in Holekamp Hall at Washington and Lee University from Sept. 15 to Dec. 15.

The exhibit is sponsored by W&L’s Williams School of Commerce, Economics, and Politics and is free and open to the public.

Geiger’s figurative and cityscape paintings are done from observation. His work has been described as “masterful” and “psychological,” drawing from everyday experience as well as from other painters such as Degas, Vermeer and Balthus.

He is known for his highly realistic interior domestic scenes with figures sleeping, gathered around a dinner table or sitting alone.

Geiger’s art is represented in more than 10 public collections, including Arkansas Arts Center in Little Rock, Columbus Museum of Art in Columbus, Ga., Citibank in New York, Southeast Bank in Miami and the Virginia State Bar in Richmond. His art has been in more than 75 solo and selected group exhibitions.

In 1983, Geiger joined the McIntire Department of Art of the University of Virginia to teach figure drawing and introductory drawing. Previously he was on the faculty of Colorado State University.

He earned his B.F.A. from Washington University and his M.F.A. from Yale University.

The McCarthy Gallery hours are 8:30 a.m. to 5 p.m., Monday to Friday.


W&L Law's Chris Seaman On Redskins Trademark Decision

Washington and Lee law professor Chris Seaman was interviewed recently by Virginia Business on the recent decision by the Trademark Trial and Appeal Board (TTAB) to cancel six of the federal trademark registrations held by the Washington Redskins football team.

Seaman, along with other experts, said the decision was largely symbolic, and the team still had other means to use and protect their trademarks.

“In legal terms, the impact will be limited,” Seaman said. “This is yet another source of applying some degree of pressure to change the name. I don’t think we will see any immediate change.”

The full article from Virginia Business is available online.

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Alumni, Parents Set Giving Records in 2013-14

Thanks to more alumni and parents giving than ever before, Washington and Lee concluded another successful fundraising year on June 30. The Annual Fund raised $9.32 million, a new record—and the first time the Annual Fund reached the $9 million mark. It exceeded $8 million for the first time in 2012–2013.

Undergraduate alumni represented the largest group contributing to the Annual Fund, giving more than $6.6 million, an increase of 5.58 percent from the previous year. Undergraduate non-alumni parents contributed $1.58 million to the Annual Fund through the Parents Fund, the first time that fund has exceeded the $1.4 and $1.5 million levels. Law alumni contributed slightly more than $1 million, the second time annual gifts from that group have exceeded $1 million. Friends of the University who are not alumni or parents rounded out the Annual Fund.

Overall, W&L received $35.8 million in new gifts and pledges, the second highest amount since 2007. It also received $54.9 million in cash from new gifts and payments on pledges made in previous years. Donors added gifts to specific programs, operations, facility renovation funds and endowments.

Forty-three percent of Washington and Lee’s operating budget now comes from contributions received and income from endowments established by supporters over the generations.

Thousands of supporters made W&L’s successful year possible. For example, 340 more undergraduate alumni contributed than in 2012–2013, thereby helping meet The Generals’ Challenge for participation with 54.7 percent, one of the nation’s best. It is the third consecutive year the participation rate exceeded 50 percent. The Generals’ Challenge is a multi-year effort to raise undergraduate participation to 55 percent by June 30, 2015. The number of non-alumni parents contributing to the Parents Fund and other University priorities increased this year by 27.6 percent.

As “Honor Our Past, Build Our Future: The Campaign for Washington and Lee” enters its final year, with a conclusion set for June 30, 2015, the campaign had raised $464 million as of June 30, 2014. The campaign began comprehensively in July 2008 and had a public kickoff in October 2010 with a goal of $500 million. The campaign is well positioned to conclude with a result that will be at least the second best campaign ever at a national liberal arts college.

Priorities in the last year of the campaign will include scholarship endowments; completing fundraising for Tucker Hall as the last piece of the Colonnade renovation; the final $1.2 million to complete the Center for Global Learning; new indoor athletic/recreation facilities, including a replacement for the Warner Center, the renovation of Doremus Gym and a new natatorium; and the continuing growth of the Annual Fund.

“Washington and Lee is blessed with a vast network of alumni who care deeply about the University and appreciate their experience,” said Dennis Cross, vice president for University advancement. “We are also pleased that parents perceive the value in their children’s education at W&L and are willing to make gifts in gratitude. The W&L community is part of a proud philanthropic tradition that continues to grow and involves hundreds of volunteers. We look forward to the return of our students and the academic year ahead. Their education and the strength of the University are parts of a shared enterprise that is uniquely Washington and Lee.”


Launching the Digital Humanities Movement at W&L

 – by Meredith McAllister

Washington and Lee faculty members Sara Sprenkle, Paul Youngman, Jeff Barry and Julie Knudson have published a case study on blended learning in the liberal arts. The case study was in response to requests for information about digital collaboration and blended and hybrid learning by Associated Colleges of the South and the National Institute for Technology in Liberal Education.

The four colleagues — two professors, the associate librarian and the director of academic technologies —outlined the history of the establishment of digital humanities at W&L, with an eye on “best practices” that liberal arts colleges can use when developing such programs.

Suzanne Keen, dean of the college, envisions digital humanities helping students become more information-savvy and better able to work with digital artifacts and large data sets, because such skills will soon be the new standard in the humanities.

The primary focus and challenge of the digital humanities movement at W&L is adapting research-oriented digital practices as teaching strategies that enhance critical thinking and learning. To take on that challenge, faculty, Information Technology Services and the Library work closely to create courses that logically incorporate digital humanities components.

The digital humanities project is ongoing as the University continues to keep up with, and even pilot, new technologies and digital teaching methods. The case study will present models for future work, as well as spark important discussions about the role of digital technology in the liberal arts curriculum in the future.

W&L Magazine, Summer 2014: Vol. 90 | No. 2

Read Online »

In This Issue:

  • A Spin: Spring Awakening

General Stats

  • ΟΔΚ, Lost and Found, Give Day

Speak

  • The Best and the Worst
  • An Inspiring Reminder
  • Responding to the Committee’s Concerns

Along the Colonnade

  • The Class of 2014
  • Global Service House Brings the World to W&L Students
  • President Ruscio Addresses Concerns Raised by Law Students
  • Controversy, Classic Theme Mark Fancy Dress
  • Noteworthy
  • Phi Beta Kappa Welcomes New Members, Honors Law Professor Rendleman
  • Retirees
  • Bookshelf
  • Speaker’s Corner
  • Preparing New Doctors for the Witness Stand
  • Two New Accolades for W&L Law

Lewis Hall Notes

  • Preparing New Doctors for the Witness Stand
  • Two New Accolades for W&L Law

Generals Report

  • The Generals’ Year in Photos
  • Moot Court Team Competition Results

Reunions

  • Alumni Weekend 2014
  • Reflections on 25 Years
  • Perils of a Foreign Correspondent, 30 Years Later

Milestones

  • Alumni 2020: A Thought-Provoking Report
  • W&L Water Polo Saddles Up the Horses Again
  • W&L Traveller: Flavors of Northern Italy
  • A Day for the Graduates

Last Look

  • George Washington Society at 25

Ketchup Goes Gourmet

– by Meredith McAllister

Matt Wallace ’06 and wife Kori Wallace were featured in a recent Washington Post article about their new business making and selling ‘Chups, fruit ketchups that they hope will one day be able to compete with Heinz.

Matt, a self-taught cook, came up with the idea for ‘Chups in June 2012 after he found an online recipe for cherry ketchup. After some research, he discovered that tomato-free ketchup wasn’t as rare as he had once thought.

From there, the couple spent a year tasting recipes, all of which are vegan and gluten-free.

In January, they launched a Kickstarter campaign that had more than 490 backers and raised more than $22,160.

The condiments grabbed the attention of chef José Andrés, who now features ‘Chups on the menu of America Eats Tavern at the Ritz-Carlton, in Tysons Corner, Virginia. The Wallaces offer five varieties: blueberry, cherry, mango, peach, and plum, along with several seasonal varieties. The fruit ketchups are sold online at chupsitup.com, as well as Glen’s Garden Market, Yes! Organic Market, and Hill’s Kitchen in Washington D.C.”


W&L's Hooks Comments on Portuguese Bank and Debt Crisis on “Marketplace”

– by Meredith McAllister

Washington and Lee economics professor Linda Hooks was interviewed about a Portuguese bank and debt crisis on “Marketplace,” the daily public radio show focused on national and international business news.

Listen to the segment online >

A multi-billion dollar rescue is underway for Banco Espirito Santo in hopes that that bank’s problems will not escalate beyond Portugal. The bank is splitting in half, leaving toxic assets in the “bad” bank while allowing the strong assets stay in a “good” bank.

Hooks says in her interview that when the bad bank fences off or herds in its toxic assets, the good bank can thrive and go on with regular business of taking deposits and lending. The split will keep customers from pulling out all their money, causing chaos.

“Marketplace” is produced and distributed by American Public Media for broadcast by more than 500 public radio stations nationwide. It is heard by nearly 11 million listeners each week.

Capt. Robert C. Peniston, Former Director of W&L's Lee Chapel, Dies at 91

Capt. Robert C. Peniston, the retired Navy officer who served as director of Lee Chapel from 1976 until his retirement in 1998, died on Saturday, Aug. 2, in Lexington. He was 91.

“To everyone on campus who knew him, as well as to those who were just visiting the chapel for a day, he was always the consummate gentleman,” said W&L President Ken Ruscio. “Throughout his distinguished career, he personified our finest virtues of civility and duty to others.”

Peniston was born on Oct. 25, 1922, in Chillicothe, Missouri. He attended the University of Wichita before joining the Navy in 1943. He graduated with a B.S. from the U.S. Naval Academy in 1946, as a member of the Class of 1947, and earned an M.A. from Stanford University in 1958. He also attended the CIC Officer School and the Naval War College.

During his Navy service, Peniston served as executive officer of the USS Nicholas (DDE-449) and as commanding officer of the USS Savage, USS Tattnall, USS New Jersey and USS Albany. He also served aboard the USS Putnam, USS Cone, USS Nicholas, USS Willis A. Lee and USS Williamsburg, the presidential yacht. He also held several administrative positions in the Navy, retiring from the military in 1976.

Peniston helped decommission the USS New Jersey in December 1969 with these words: “Rest well, yet sleep lightly; and hear the call, if again sounded, to provide firepower for freedom.”

During his 22-year directorship of Lee Chapel, he oversaw the redesign of the museum as well as the renovation of the chapel, which marked W&L’s 250th anniversary.

After his retirement from Lee Chapel — which he called his final tour of duty — Peniston nonetheless reported for yet another duty, volunteering in Special Collections in W&L’s Leyburn Library. Over six years, he transcribed more than 3,000 letters to and from Robert E. Lee, his wife and children.

Peniston contributed to several publications op-eds, letters to the editor and articles, including “Firepower for Freedom,” about the decommissioning of the USS New Jersey, for Sea Classics magazine.

His military decorations included the Legion of Merit and three Navy Meritorious Medals. Among his civilian awards were the George Washington Honor Medal from the Freedoms Foundation at Valley Forge and the Cross of Military Service from the United Daughters of the Confederacy, and W&L made him an honorary alumnus.

His wife of 53 years, Frances McKelvy Peniston, and his son, Robert C. Peniston ’75, predeceased him. He is survived by his daughter, Lisa Sieg, and her husband, Patrick Sieg ’76; by his grandchildren, Robert, Erica and Stephan Sieg; and by his siblings, Dr. Francis Peniston, John Peniston, Dan Peniston, Shirley Read and Lila Hole.

A graveside service will be held on Saturday, Aug. 16, at 11:00 a.m. at the Stonewall Jackson Cemetery, Lexington, Virginia.

For those wishing to make a gift in his memory to W&L’s Special Collections, contributions may be sent to Washington and Lee University, Development Office, 204 W. Washington St., Lexington VA 24450-2116.