Since last year, the Dow Jones Industrial Average dropped by almost 40 percent, while President Amy Gutmann's salary went up by that percentage. Gutmann's $1.1 million compensation trailed even higher figures paid to academic executives like Columbia's Lee Bollinger ($1.

December 3, 2008 Dear Members of Our University Community: Earlier this semester, I wrote to you regarding the turmoil in the American capital and credit markets, and how this economic instability was affecting our University. Since the time of that communication, the volatility of the economy has continued unabated.

Welcome back Naomi Delphin. After missing the start of the season with back troubles, the talented sophomore returns to action this weekend. With one quarter of the Penn women's swimming team out with injuries, her return could not be more timely. The Quakers will clash with some of the nation's top talent at the Kenyon Invitational in Gambier, Ohio, which will take place today through Saturday.

Excuse Penn swimming coach Mike Schnur if he's not exactly thankful for Thanksgiving Break. Junior John Benigno is out of commission after cutting off part of his finger while slicing bread, and several other swimmers are battling lingering colds. But the Quakers (1-2) will have to persevere despite those hardships, as this weekend brings one of the most demanding meets of their season.

The Civic House Associates Coalition elected two new leaders Tuesday night who plan to increase collaboration among constituent groups and visibility both on campus and in the West Philadelphia community. College and Wharton junior Julia Luscombe and College junior Nick Eng will serve as co-chairs of CHAC, Penn's community service umbrella organization which includes 50 member groups.

In light of budgetary pressures, the University will take a number of steps to reduce expenditures, including freezing the base-pay of all top University officials, Penn President Amy Gutmann announced yesterday. In a letter e-mailed to members of the Penn community, Gutmann outlined measures the University will take in response to budgetary constraints related to the country's economic problems.

Penn sophomore Erin Power jumped on the loose ball with seven seconds left. With Penn up by one, she called a timeout thinking that the Quakers had secured a victory over Lafayette. Unfortunately, the Quakers had no timeouts remaining. That devastating error allowed Lafayette senior Cristin Zavocki to shoot two technical foul shots for a chance to put the Leopards ahead.

Penn coach Glen Miller said that the No. 1 culprit in Penn's 69-47 loss to Villanova Tuesday night was poor shooting by the Quakers. A close second were the offensive rebounds that made the Wildcats look as if they were sporting metal jerseys that attracted the seemingly magnetized basketballs coming off of the rim.

Anne Waters will become the new executive director of the Office of International Programs today, Provost Ron Daniels announced in a press release on Monday. In her new position, Waters will lead the Penn Abroad and International Student and Scholar Services offices, as well as other programs that provide the Penn community with international services.

The number of Early Decision applications decreased for the third year in a row, admissions officials announced yesterday. This year, 3,610 students applied early to Penn - an almost 8-percent drop from last year's 3,917 early applications. As in years past, about 30 percent of this year's Early Decision applicants will be accepted, said Dean o

Scott Mackler is the living future of medical technology. Mackler, a researcher in Penn's Departments of Medicine and Pharmocology, was diagnosed with ALS, commonly known as Lou Gehrig's disease, in May of 1999. The disease causes motor brain cells to degenerate, eventually debilitating all mobility,

The forthcoming discontinuation of 18 research specialist positions at the Penn Museum of Anthropology and Archaeology, which was announced last Friday, may stem from reasons other than the financial crisis. According to several researchers who declined to use their names due to the situation's sensitivity, the economy's downturn is simply the trigger behind the changes, which they say are due to long-standing University and museum priorities that do not emphasize scientific and historical research.

Jennifer Lesser is a College junior from Minneapolis, Minn. Her e-mail address is lesser@dailypennsylvanian.com.

Tragedy abroad brought Penn's religious groups together in remembrance. Yesterday evening, students and staff gathered in Claudia Cohen Hall for an interfaith memorial to honor the victims of the recent terrorist attacks in Mumbai. Speeches and prayers were heard from representatives of the religious groups on campus.

The semiannual Fitness Readiness Test at the Naval Academy mandates a minimum of 40 push-ups in two minutes, 65 sit-ups in two minutes and a 1.5 mile run under ten and a half minutes. It's no surprise, then, that the men's squash team from Annapolis, Md., has been keeping in shape.

A pervasive idea in modern thought is that Western culture faces a pressing shortage of "leaders." Rare indeed is the organization which does not purport to "train up the leaders of tomorrow" or "equip people to lead." An entire industry has developed expressly for the manufacturing of leaders.

Former Economics professor Rafael Robb is appealing his five- to 10-year prison sentence for killing his wife, Ellen, in 2006. Robb's attorney, Frank DeSimone, told The Philadelphia Inquirer that he filed a motion for reconsideration because he felt Montgomery County Court of Common Pleas Judge Paul Tressler misinterpreted the motive of a letter Robb sent to his 14-year-old daughter, Olivia.