Brown
Brown students and employees who visited the Meeting Street Papa Gino's Pizza Restaurant this summer may be infected with the Hepatitis-A virus. Approximately 1,200 people were exposed to the virus between Aug. 27 and Sept. 8. After a physician diagnosed one of the food-service workers with the virus, he notified the Rhode Island Department of Health.
Papa Gino's is accused of disobeying Rhode Island state law, which was modified in late August to call for more stringent regulation of employees wearing disposable gloves.
Papa Gino's assures its patrons that it will pay for the immune globulin injection that could mitigate the affects of the virus. Unfortunately, the shot is ineffective for those who may have been infected before Aug. 29.
Papa Gino's claims that it fully abided by the standards set by the Rhode Island Department of Health, that it was never notified of the changes to the state law, and that nothing like this has happened in its 20 years of operation.
University of Pennsylvania
Wharton senior Andy Nissenbaum, became a rich man on the Chicago Mercantile Exchange this summer. Nissenbaum turned a $2,400 cash advance on his credit card into $300,000. After a finance class he took last year with Professor Jeremy Siegel, he became fascinated by investing and trading and went on to buy futures and futures options. Nissenbaum was the only undergraduate that Siegel permitted to take one of his graduate courses in finance.
Nissenbaum made his fortune by taking advantage of the January Effect, which is the term for the tendency of small stocks to outperform larger ones at the start of the year. He immediately made money, and during March, he achieved his most notable accomplishment to date - 33 successful trades.
This summer, Nissenbaum rented a spot on the floor of the Chicago Mercantile Exchange, where he learned about the trade. The student, who currently leads futures seminars for J.P. Morgan, attributes his success to studying the market over a long period of time. Although he was so successful with futures, he recommends that beginners invest in the much more stable stock market.
Nissenbaum received several job offers from top firms for next year, but hopes to start his own "hedge" fund after graduation. His goal is to earn $5 million by the end of his first year and $200 million by the end of his second. Surprisingly enough, this goal does not seem too out of reach...for Nissenbaum, that is.
--Compiled by Shalini Mimani from The Brown Daily Herald and The Daily Pennsylvanian
Copyright 1995, The Yale Herald, Inc. All rights reserved.
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