Travel grant offered to Eton students only

first_imgBalliol College offers a travel grant worth up to £4,000 available only for students who have previously attended Eton College, Cherwell has learnt.Conditions for the award further stipulates that the Old-Etonians must spend the money travelling to a foreign university and engaging in “a study of the social conditions of the common people.”The Vaughan Memorial Travelling Scholarship, established by the will of the late Mrs D.J. Vaughan, requires that candidates must be current undergraduates of limited means who have spent at least part of their previous education at Eton College. Although preference is given to Balliol students, all former Eton students are eligible to apply.Balliol student Henry Edwards responded that few students were aware of the scholarship, commenting, “I haven’t heard people talk about this grant at all here. I’m guessing it’s quite old and that it was offered to the college at a time when they did accept unfair or exclusive stipulations like that.”Another student added, “There hasn’t been much of a reaction from Balliol students to this as it hasn’t been promoted, at least not to my knowledge. Perhaps it has been promoted only amongst old Etonians.” She said, “It seems extremely unusual that Balliol would limit a grant based on schooling and especially in such an elitist way.“It doesn’t fit with how much effort the college and the JCR put into access schemes and equality of opportunity amongst college members. Balliol has exceptional bursary provision and provision of travel and other grants open to all students, so I’m not sure why this type of discrimination based on schooling would be allowed.”A former Eton student currently at Balliol said, “Perhaps it is unfair,” adding, “Unfortunately we don’t get to choose who should and shouldn’t be able to apply to any grants. That’s the choice of the generous person who sets up the grant. In an ideal world all the money would go in a big pot and be distributed equally.” An Oxford University spokesperson said, ‘This legacy was made to Balliol College back in the 1950s, and by modern standards it does seem absurd – in fact, if a gift were offered today with those terms, an Oxford college would simply not accept it. However, the college can’t change the terms of the will retrospectively.’The spokesperson added, ‘Importantly, Balliol College regulations allow any unspent funds to be transferred to the general college funds – and the college, alongside the university, makes extremely generous financial provision for all students, especially those from lower-income backgrounds. From this year, Oxford University will offer the most generous, no-strings-attached financial support to the poorest students of any university in the country, worth up to £22,000 over three years.’St Anne’s Classicist Jasmine Krishnamurthy-Spencer commented, “I just think it’s weird above anything else. If you want to give your money away, why make the conditions so limited? I mean, I know over twenty percent of students are on some form of financial support but there can’t be that many of them at Balliol.”Edwards agreed, commenting, “I’m guessing it’s rarely claimed, as there are currently only about two former Eton students I know of in the entire student body.”Balliol JCR President Ben Marshall released a statement on behalf of the student body, explaining, “The Vaughan Memorial Travelling Scholarship is awarded to undergraduates of limited means to help fund a postgraduate year at a foreign university. It was established in the will of the late Mrs Vaughan, and at that bequest there are a number of stipulations, including the type of study undergone and the attainment of a 2:1 or above.“The fact that applicants must have spent at least some of their time in education at Eton is another condition of the will of Mrs Vaughn, and not one imposed by Balliol College. Since the establishment of the Vaughn Scholarship, the Development Office have altered their donation acceptance requirements so that this type of grant is no longer introduced, a change welcomed by the JCR.”Dr Nicola Trott, senior tutor at Balliol College, declined to comment.last_img read more

Union announces Hilary term card

first_imgThe Union will host eight debates, including an ‘Empire’ debate in eighth week, and a debate on the United Nations and its role fuelling ‘An Illusion of Global Cooperation.’ The term card also features several events and panels. There will be panels on Finance, Mental Health, and Diversity & Fashion. In addition, there will be a panel for Holocaust Memorial Day on the 9th March.   Roger Hallam, co-founder of Extinction Rebellion, the high profile environmental action movement, will speak at the first week ‘Decade’ debate. The controversial figure has seen criticism for his advocacy of methods of civil disobedience; Hallam has himself been arrested and jailed as a result of protests.  Conan O’Brien, Governor Tom Wolfe, Tarana Burke and Paul Krugman are among names released on the Union’s Hilary term card.  In a post announcing the term card, the Union said: Other speakers include designer Steve Madden, English national cricketer Jason Roy, actor Alfred Enoch, author Cassandra Clare, and Booker Prize-Winning author Bernadine Evaristo.  Television host and comedian Conan O’Brien will speak in fifth week. O’Brien has featured in and hosted American late-night talk shows for over two decades, and currently hosts his self-styled show Conan on TBS.  “We are also putting a particular focus on our special events this term, which both reflect on lessons from the past, as in our Holocaust Memorial Day panel, as well as look to the world we will be building over the next decade, from the perception of mental health in our society to the evolution of the financial services sector.” “Later in term, we weigh the threat of ever-increasing technological development against its positive potential, examine, in the year of its 75th anniversary, the role that the UN plays in global cooperation, and, to end the term, take a hard look at the legacy of the British Empire.”last_img read more

Dutch watchdog warns of liquidity risk from collateral requirements

first_imgDutch pension funds should prioritise setting up frameworks to manage liquidity risk, according to the country’s financial regulator.In its newsletter, it said it had discovered that, in the event of a sharp increase in interest rates, a large number of pension funds would lack the funds to meet counterparty collateral requirements.The watchdog, which examined the investment reports of all 300 pension funds, said it had assumed current swap portfolios would be fully cleared, as required by the European Market Infrastructure Regulation.Pension funds have been exempt from the requirement to conclude their contracts with central counterparties until 16 August 2017. They have opposed mandatory central clearing, as these clearinghouses usually demand cash as collateral.The Dutch regulator warned that non-cleared swap transactions were coming with ever-higher collateral demands.It also argued that currency hedges posed liquidity risk, as a consequence of the often short duration of the swaps and the fact they must also be paid in cash.The regulator said pension funds should prepare for the expiration of the exemption of the central clearing requirements and the changes on the OTC market – by seeking alternatives for non-cleared derivatives, for example.last_img read more

Fletcher can be Saido mentor: Pulis

first_img Burnley were full value for the two-goal lead given to them by Ashley Barnes and Danny Ings, but a header from Brunt just before half-time changed the game. Substitute Brown Ideye then equalised from another corner in the 67th minute to ensure West Brom stayed two points ahead of one of their fellow relegation battlers. Pulis said: “We started as though it was a Sunday morning stroll. Half of them looked as though they were still in bed. They deserved to be 2-0 up. The saving grace was the goal just before half-time. “As soon as I came through the door I knew how hard this one was going to be. The big thing today was not to lose. It is one defeat in six since I came to the football club.” Burnley have let two-goal leads slip in three of their last four games, although at least they held on to a point this time, which was enough to lift them back out of the bottom three. Manager Sean Dyche felt the second goal should have been disallowed for a foul on David Jones and also argued Burnley deserved a late penalty for a handball by Gareth McAuley. “I thought beyond two set-pieces we were excellent,” said Dyche. “First half I thought we were outstanding, the quality of our play, the progressive nature of our play. “The second (goal) was a disappointment, there is a foul on Jonah and he (Ideye) gets a free header. But t he way we responded to the second goal to try and get the third was excellent.” Dyche praised Ings’ performance, with the striker also setting up Barnes for the opener. The 22-year-old had been substituted against Sunderland last weekend amid intense speculation about his future, but stayed true to his word that he would see out the season at Burnley. Dyche said: “I thought he was excellent, his movement, his endeavour, his effervescence and a fine finish. Barnesy was excellent along with him. “I told the truth last week. The amount of media pressure on a young man can take a toll and I think it did last week but his response was excellent.” Saido Berahino lacks the right influences in his life to make the best decisions for his career, according to Tony Pulis. The West Brom boss was unhappy with an interview Berahino gave this week expressing his wish to move on to bigger things and the striker found himself on the bench for Sunday’s Barclays Premier League clash at Burnley. Pulis insisted it was for football reasons, but Berahino played all but the first 18 minutes of the 2-2 draw anyway after Victor Anichebe was forced off with a groin injury. Press Association It is far from the first time Berahino has found himself the subject of unwanted headlines and there have been reports West Brom are willing to cash in on their biggest asset in the summer. Pulis said: ” I felt he could do with a little bit of a rest with two massive games at home coming up. “Victor had done okay in the games we played previously. Unfortunately Victor felt his groin before the game. He wanted to play. After 15 minutes you could tell he was struggling and Saido came on and showed his attitude. “Saido is a top player. The problem is he lost his father at an early age and he has not had many mentors or people who can put him on the straight and narrow. “That happens a lot today. A lot of kids today get misguided advice. There is a lot of money thrown around in football and these kids can provide a lot of money to a lot of people.” Pulis hopes new signing Darren Fletcher can be a guiding hand for 21-year-old Berahino, who was called up to the full England squad earlier this season. Fletcher arrived from Manchester United on Monday and was made captain for his first game, taking the armband from Chris Brunt. “Brunty is happy to give Darren the captaincy and concentrate on his football,” said Pulis. ” I felt Darren was what we needed in the dressing room. We needed a leader and he has been wonderful.” last_img read more

LA Lakers’ Byron Scott says he has a “great relationship” with Julius Randle

first_imgThose around Randle said he respects Scott as a coach, while adding he had grown increasingly frustrated for two reasons. Randle has played a reserve role in the past month. Scott also has not provided as much positive reinforcement and direct feedback as Randle would like. Randle entered Thursday’s game against Sacramento averaging 11.0 points and 9.5 rebounds, which is eighth in the NBA and first overall for second-year players. “Without all the popular demands on me being not a great communicator with my young guys,” Scott said, “him and I have a great relationship.”Throughout the season, Scott has often preached for Randle to improve his jump shot and defense. Before his outburst on Sunday, Randle has agreed with those criticisms. Though Randle routinely works on those areas, the Lakers do not expect him to master those skills until after a full offseason of work.“I care so much about him as a basketball player and a person, I’m going to be hard on him,” Scott said. “I expect him to be disappointed in certain things. But I expect him to learn and I expect him to be a great player.”Fond memoriesThe insults Shaquille O’Neal and Phil Jackson lobbed at the Kings remains fresh in the mind of Lakers assistant Mark Madsen, who played as a reserve on L.A.’s championship teams in 2001 and 2002. Same thing with the loud cowbells that caused some Lakers coaches to wear earplugs.But what about Bryant?“This was as big a moment as it could ever be in a sports competition,” Madsen said. “Kobe rose to that occasion every single time.” Bryant scored 36 points in the Lakers’ Game 3 win over the Kings in the 2001 Western Conference semifinals. Bryant then posted 48 points, 16 rebounds and three assists in Game 4. After suffering a bout of food poisoning the night before, Bryant scored 22 points in Game 2 of the 2002 Western Conference Finals.“He was back there with (Lakers trainer) Gary Vitti getting the world-class treatment,” Madsen said. “I’ll never forget the cheeseburger incident because we stopped staying at that hotel afterwards. But now we’re back.”That explains why Bryant jokingly made a request of Kings general manager Vlade Divac on what not to give him as a tribute gift.“I said Vlade, ‘If you’re going to give me a retirement gift, please don’t give me a bacon cheeseburger and cheesecake,’” Bryant said, laughing. So what did Divac give Bryant instead?“He gave me a Charlotte Hornets jersey with the No. 8,” Bryant said. “That’s awesome.”That’s because the Lakers traded Divac to Charlotte to secure Bryant’s draft rights. After once playing as adversaries in the heated Lakers-Kings series, Divac signed with the Lakers in the 2004-05 campaign for his 16th and final NBA season.“It’s a great bond. We’ve always had a tremendous amount of respect for each other,” Bryant said. “The year we played together we grew even closer. We were around quite a bit and had a chance to talk quite a bit. He has a great sense of humor and is a practical joker. It goes very well with my sarcasm. We spent a lot of time together.”As for Bryant’s favorite memory against the Kings?It surprisingly had nothing to do with an individual performance or a result. Instead, Bryant pinpointed the beginning of Game 7 of the 2002 Western Conference Finals as the top moment.“The announcing of the starting five, the lights going out, all those cool lights that they gave everybody and they’re just waving them all around,” Bryant said. “You just kind of feel the electricity in the building. That’s the best part.”Get out the voteBryant leads all NBA players in All-Star balloting with a league-leading 1,262,118 votes in the second returns announced on Thursday by the NBA. That marks a considerable lead over Golden State’s Stephen Curry (925,789 votes), Cleveland’s LeBron James (636,388) and Oklahoma City’s Kevin Durant (616,096).Job securityThe Lakers’ Metta World Peace ($1.5 million), Tarik Black ($845,059) and Marcelo Huertas ($525,093) will have guaranteed contracts through the rest of the 2015-16 season. Newsroom GuidelinesNews TipsContact UsReport an Error Scott has stood by his statements that the 21-year-old Randle needs to “grow up.” But Scott has attempted to patch things up in recent days. He initiated a conversation with Randle on Wednesday to go over his criticisms. During Thursday’s morning shootaround at Sleep Train Arena, Scott and Randle had an extensive conversation that appeared friendly. So much that Scott likened his relationship with Randle to a “father-son” dynamic. Does Randle agree?“Yep,” Randle said, though he mumbled as he said that before looking down on the ground.So what did Randle take away from Scott’s recent talks with him?“Me and him have never had issues,” said Randle, who posted six points on 1-of-4 shooting, 10 rebounds and five rebounds in 30 minutes off the bench Thursday. “Ya’ll made it that.”That is hardly the case. center_img SACRAMENTO >> The two men sat next to each other, talking and laughing as if they were best friends. But that hardly marked the images Lakers coach Byron Scott and Julius Randle had shown in recent days.Scott criticized Randle’s defense and pouting for being taken out of a recent game. Randle then questioned why Scott singled him out in front of the team and to reporters.And yet … “If you want to believe all the reports out there, we have a terrible relationship,” Scott said before the Lakers’ 118-115 loss to the Sacramento Kings on Thursday at Sleep Train Arena. “But if you want to know the truth, we have a great relationship.”last_img read more