Those of us who live in Durham, NC, seldom experience the glow of the national spotlight. We have become accustomed to seeing references to the Research Triangle area in the sports pages, but apparently not much else happens here that is worthy of notice by the rest of the country. Maybe that is what has led to the disequilibrium around here, especially among the usually confident voices of the university set who now find a bit of difficulty in hitting their marks and saying their lines in the case of the recent rape accusations against members of the Duke University lacrosse team.
Perhaps people have also been put off balance by the complex convergence of factors required to put Durham in the news. Attracting national attention has required a story combining the popular theme of sports and something else newsworthy–or prurient–enough to attract the notice of the national press. In this case it was that a young African American woman is the accuser and the accused are generally privileged white college athletes who have become rather notorious in the area for their rowdiness and run-ins with the law.
That by itself would make the story a local news item; a few more features have made it national news. The fact that these particular events occurred at Duke University, the Princeton of the South, didn’t hurt their newsworthiness. Besides its status as a powerhouse in both mens and womens basketball, it is also the “safety school” of many a well heeled northeastern high schooler. Thus, many people have heard of Duke, and they relate to it in various ways. It also didn’t hurt to add the convergence of the esoteric and the exotic–the esoteric sport of lacrosse and the titillating world of “exotic dance” inhabited by the accuser.
If all you knew where the broad outlines of the case, this would be a slam dunk, PC-wise. The accuser is a black woman of modest means, and the accused are members of a privileged group, many of whom are white graduates of prestigious prep schools. The typical response to this convergence of gender, race and, class is pre-scripted; the sides are already drawn; it is so simple. Of course you choose the side of the woman, the side of the less fortunate, and the side of the African American, obviously.
Unfortunately in this case, that puts you on the side of a single mother of two who has taken to stripping as a way to meet her financial needs. One must resist the temptation to judge, however, and there is always her status as student at a local university to dwell upon. Still, you have to be a little unsettled that the young lady was already too impaired to perform when she arrived at the crowded little house near Duke’s east campus. Even as you rail against the injustice of a system that forces Black women into early motherhood and exploitation, aren’t you a little concerned at some of her choices and the way they may have affected her children’s lives?
Steering clear of that uncomfortable fact, one can focus on her career in “exotic dance.” Perhaps we then suppose that in her mind, anyway, she had been employed to educate the young men of the lacrosse team in aspects of dance not already familiar to them, something “exotic,” something, perhaps, from the Mongolian steppe, performed in modest but sturdy garb–a costume woven from yak fleece, perhaps. Then things just went horribly, horribly wrong.
I simply didn’t realize the Duke’s lacrosse team’s degree of erudition. Pooling their resources, gathering up hundreds of dollars in the interest of broadening their understanding of world cultures–admirable group of young men, eh?
No, I don’t believe that either. I don’t think we can explain the lacrosse team’s interest in dance by the fact that Durham is the site of the American Dance Festival. And I think most of us are aware that these dancers are paid the first few hundred to walk through the door; the real money comes from what goes on after that.
This story has so many angles, however, so many approaches, that the news hounds could not stay away. When one can write a story to suit any one of a number of disparate audiences, it becomes a gold mine for writers. This being America, the elemental issue of injustice has served as a theme for many a member of the scribbling class. Hand-wringing and indignation have been applied with nearly equal measure.
The real enlightenment we might derive from a situation such as this comes from the peek it allows us to take into the current sociocultural situation in which we find ourselves. We see it in the necessity for mainstream journalists to write the story in a way that will offend as few people as possible. We see it in the implicit trust so many people have put in the words of the accuser. We see it in the righteousness of the District Attorney–and the fact that he is running for re-election at the moment.
Yep, this one has something for everyone, all right. Joe Sixpack weighs in right beside the college president, and it all sounds about the same–well, except that Joe Sixpack might know more about living in Animal House and what “exotic dancers” really do.
Postscript: This recent news story could not have been very welcome:
(April 6, from http://www.wral.com/news/8513890/detail.html?rss=ral&psp=news
According to a 2002 police report, the woman, currently a 27-year-old student at North Carolina Central University, gave a taxi driver a lap dance at a Durham strip club. Subsequently, according to the report, she stole the man’s car and led deputies on a high-speed chase that ended in Wake County. Apparently, the deputy thought the chase was over when the woman turned down a dead-end road near Brier Creek, but instead she tried to run over him, according to the police report. Additional information notes that her blood-alcohol level registered at more than twice the legal limit.
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*
US-China trade truce boosts stocks, dollar
*
Tariffs impact M&A activity, causing deal pauses,
Waldron notes
By Saeed Azhar and Megan Davies
NEW YORK, May 14 (Reuters) – Goldman Sachs President John Waldron said a recent lightening up of U.S.
dollar assets by investors had shown them returning to more
neutral positions on the currency, rather than a wholesale “run for the gates.”
Financial markets have witnessed a roller-coaster
ride in the initial few months of the Trump administration as its
April 2 move to increase tariffs on trading partners prompted some investors
to move away from American assets. The White House has since made progress on tariff deals.
Waldron said that some investors “that were owning 10%, 20%, 30% more U.S. dollars in U.S. assets than they would otherwise be holding” had gone back
to a more neutral position.
Waldron said investors had been optimistic about the
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But after the tariff announcement, clients had been active repositioning portfolios
in currencies, Waldron said.
“The lightening up (of dollar holdings) we’ve seen (since April 2) is more the excess coming out, not a wholesale run for the gates,” Waldron told Reuters in an interview.
“Is there a sense that the volatility of U.S. policymaking is higher, and therefore we should be reducing our holdings? We haven’t seen that yet.”
Waldron, 55, was added to Goldman’s board of directors earlier
this year, a few weeks after he was given a retention bonus, cementing his
position as a potential successor to CEO David Solomon.
TRUCE
The recent truce in the U.S.-China trade war has since set off a relief
rally in stocks and propelled the dollar higher with the S&P 500 and the Nasdaq recovering losses since April 2 – or “Liberation Day” –
when President Donald Trump announced sweeping reciprocal tariffs.
“The market is — I’d call it relatively benign in the context of what was going on,” Waldron said.
Waldron said that there was demand from investors for access to Chinese
equities and fixed income products, and said
that American firms were able to operate in China despite challenges.
“I wouldn’t overstate the challenges between the two governments in terms of our ability to operate,” said Waldron. “We can operate. The American firms are operating.”
Waldron said most companies are trying to figure out how to
navigate the impact of relatively higher tariffs from a cost standpoint.
“How much of this are we going to … pass through on price? How much of this are we going to push back on our suppliers? Who’s going to bear the brunt of these tariffs? And the answer is it will be shared,”
he said.
He said the tariff moves have also affected mergers and acquisitions,
halting fresh dealmaking.
“If you were working on an M&A transaction, you were getting started on it or you were getting into it, you’re probably pausing it,”
he said. “If you were at the five-yard line and you were getting close to announcing it and it’s not overly impacted by tariffs, you’re probably going to go ahead and do it, and we’ve seen both.”
Goldman Sachs is advising Hong Kong conglomerate CK Hutchison,
sources previously told Reuters. The firm is
selling most of the $22.8 billion ports business to
U.S. firm BlackRock, including assets it holds along the Panama
Canal.
The number of M&A contracts announced across the world – an indicator of global economic health – fell
in April to the lowest level in more than 20 years, according to data compiled by Dealogic for Reuters.
(Reporting by Saeed Azhar and Megan Davies; Editing by Sandra Maler)