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Extra credit Moody’s Investors Service has kicked Penn’s bond rating up a notch, from A1 to Aa3. Moody’s cited Penn’s strong fundraising performance, increased matriculation rates for accepted students and the turnaround of the Health System’s finances as factors that led them to upgrade the rating now, even though there is a changing of the guard at the top. Vice President for Finance Craig Carnaroli estimates that the higher rating will save Penn $3 million over 30 years on every $100 million borrowed.
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Iraqis visit Penn Museum
The Penn Museum has spent more than a century collecting and preserving the riches of ancient Iraq. On March 8, it got a chance to help Iraqis reclaim and preserve their own shattered treasures. That was the day that 23 young professionals from Iraqi museums arrived in Philadelphia for a two-day visit to the Museum to learn the latest techniques for preserving and displaying ancient artifacts.
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Vitamin E today, more memory tomorrow
In the search for an effective Alzheimer’s treatment, vitamin E has been on scientists’ radar screens for a while. A new study by Research Assistant Professor of Pharmacology Domenico Praticò suggests that it’s all in the timing—and earlier is definitely better. Since a major risk factor for Alzheimer’s is oxidative stress—when the oxygen we take into our bodies produces reactive substances that harm it—a powerful antioxidant like vitamin E would seem a natural choice for treating the degenerative disease. The data has been unclear, though.
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College Hall bell no longer tolls for thee
Dear Benny,I was looking at some old photos of College Hall on the Archives web site and saw a picture that showed two towers on the building. When were they removed? Why? Were any of the details saved or incorporated into other structures? — Curious About College Hall Dear Curious, As it happens, the man in charge of the site, Archives Director Mark Frazier Lloyd, can answer your question.
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Frog Skin And Supercomputers Lead Penn Chemists to Designing Better Bacteria Killers
PHILADELPHIA -- A peptide called magainin, first found in the skin of the African clawed frog, holds the secret to creating bacteria-killing surfaces, according to researchers at the University of Pennsylvania. The Penn scientists have taken a joint experimental-computational approach to mimicking magainin. They designed, synthesized, tested, and then improved novel antibacterial compounds, using a combination of laboratory experiments and painstaking simulations on supercomputers.
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University of Pennsylvania Finalizes Purchase of U.S. Postal Service Property
PHILADELPHIA - The University of Pennsylvania announced today that it has finalized arrangements for the acquisition of the U.S. Postal Service Philadelphia 30th Street facility, a 24-acre parcel of land in the University City section of Philadelphia. The agreements signed on March 26 by representatives of Penn and the Postal Service cover a site west of the Schuylkill River and east of the Penn campus between Market and South streets.
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Penn Hosts Feast of Fools Festival April 1
MEDIA ADVISORY
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Penn Chemist Virgil Percec Receives American Chemical Society Award in Polymer Chemistry
PHILADELPHIA -- Virgil Percec, a professor of chemistry at the University of Pennsylvania, will receive the American Chemical Society Award in Polymer Chemistry at the society 277th national meeting in Anaheim, Calif. A prolific scientific author, Percec is recognized for the breadth of his creative work, from the discovery of cyclic and dendritic liquid crystals to the synthesis of self-assembling chemicals that can spontaneously form organized structures.
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Joann Mitchell Named Vice President and Chief of Staff at University of Pennsylvania
PHILADELPHIA Joann Mitchell has been named vice president and chief of staff at the University of Pennsylvania, effective July 1. Her appointment was announced today by Amy Gutmann, who becomes president of Penn July 1.Mitchell is currently vice provost for administration at Princeton University. Prior to going to Princeton in 1993, she was director of affirmative action at Penn for seven years.
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Penn's Jerry Lee Center of Criminology Awarded $1.6 Million to Test U.K.'s "Justice Without Court"
PHILADELPHIA -- The University of Pennsylvania's Jerry Lee Center of Criminology has been chosen to lead the United Kingdom's test of a program known as Restorative Justice as a Diversion from Prosecution.The project will be the most substantial test ever conducted of diverting serious offenders from prosecution to "justice without court," said Lawrence W. Sherman, director of the center and a Penn professor of human relations.