January 19, 2011

Vol. 26 , No. 07   

Funding Constraints, Asset Volatility, Market Liquidity, and Financial Crises: Lessons from History

Dr. Eric Hughson is the Don and Lorraine Freeberg Professor of Economics and Finance at the Robert Day School of Economics and Finance and the director of the Financial Economics Institute.

Hughson earned his M.A. and Ph.D. in financial economics from Carnegie Mellon University. Prior to joining the faculty at Claremont McKenna College in 2007, he was an associate professor of finance at the University of Colorado, Boulder.

Hughson's research interests include market microstructure, financial econometrics, and decision theory. His publications have appeared in such journals as The American Economic Review, The Review of Financial Studies, The Journal of Financial Economics, The Journal of Economic Theory, the Financial Analysts Journal and The Journal of Financial Markets. Hughson is a member of the American Finance Association and the American Economic Association. In addition, he is a referee for a number of prestigious journals, including the Canadian Journal of Economics, Journal of Banking and Finance, Review of Financial Studies, and Journal of Finance, to name a few.

This evening's lecture is the occasion for the installation of Eric Hughson as the Don and Lorraine Freeberg Professor of Economics.

Spitting Game: The College Hook-Up Culture

Denice Ann Evans' documentary “Spitting Game: The College Hook-Up Culture” (2007) asks the provocative question, “Is hooking up the new handshake on college campuses?” and promises to “change the way you look at campus life forever.” In “Spitting Game,” Evans covers the topic that is probably most discussed on our campus – the college hook up culture. The documentary analyzes the attitudes of students, parents and experts on “hooking up,” which Evans defines as “drunken, no-strings-attached sexual encounters” from the perspectives of gender politics and safety.

“Spitting Game” won Best Social Awareness Documentary at the 2009 Delray Beach Film Festival. It has been praised as “informative and insightful” by parents and as a “must see” for college health education professionals.

Denice Ann Evans is a writer-director and the CEO of J'Hue Film Productions. “Spitting Game” is her first documentary. She is a graduate of Emory University with a degree in Creative Writing and Film. Her next documentary, which is still in pre-production, is titled “The Science of Hooking Up.”

Along with safety issues and gender politics, “Spitting Game” discusses the role of alcohol, issues of consent, and the role of relationships and dating on college campuses.

Evans' talk is co-sponsored by the office of the Dean of Students at Claremont McKenna College


Peter Lee Johnson has impressed people with his music since he began learning to play the violin at age four. As a star in the chamber orchestra and a talent show favorite, Peter gained popularity at his Seattle high school and in his community. In 2007 and 2009, he was recognized as the Outstanding Jazz Violin Soloist at the Lionel Hampton Jazz Festival in Moscow, Idaho. Additionally, Peter played in the Seattle Youth Symphony from 2001 to 2009. His repertoire includes classical tunes as well as contemporary favorites. With his passion for improvisation and interesting beats, Peter has been hired by several artists to contribute his creativity to their music. His innovative covers of songs including Tupac Shakur’s “Changes”, Katy Perry’s “Firework”, and Taio Cruz’s “Dynamite” hybridized with a Bach partita have garnered impressive notoriety on YouTube and Facebook.

Peter is currently in his second year at the University of Southern California, where he is among the first class enrolled in the university’s Popular Music Performance program at the Thornton School of Music. He can be seen playing violin for Glee star Mark Salling, as well as keyboards for The Beat Advocate, a Los Angeles based Hip-Hop, R&B, Funk band.

Peter’s visit to the Athenaeum promises to be a fun and upbeat musical welcome to the new semester.

The Future of American Education

Madeline Levine is a psychologist with over twenty-five years of experience as a clinician, consultant, and educator. Her current book, The Price of Privilege: How Parental Pressure and Material Advantage are Creating a Generation of Discontented and Unhappy Kids (2006), explores the reasons why teenagers from affluent families are experiencing epidemic rates of emotional problems. Backed by cutting edge research, Levine proposes solutions that are both practical and credible.

Nationally known for her expertise on the subject of media violence and its effects on children and adolescents, she is the author of the critically acclaimed Viewing Violence (1996) and See No Evil: A Guide to Protecting Our Children from Media Violence (1998). In her work Levine proves what researchers and media executives have known for years, that heavy viewing of media violence makes children more aggressive, more assertive, more pessimistic, less empathic, less creative and more stereotypical in their thinking.

Levine received both a B.A. in English and a Masters degree in Education from New York University, Buffalo, beginning her career as an elementary and junior high school teacher in the South Bronx of New York before moving to California. She earned her M.A. and Ph.D. degrees in psychology from the California School of Professional Psychology.

Dr. Levine has a large clinical practice with an emphasis on child and adolescent problems and parenting issues and has taught Child Development classes to graduate students at the University of California Medical Center in San Francisco. For many years, Levine has been a consultant to various Bay Area schools, as well as to schools, both public and private, throughout the country. Levine has also appeared on many television and radio programs, including CBS Evening News, The NewsHour with Jim Lehrer, the BBC, and NPR.
Madeline Levine’s Athenaeum lecture is part of an ongoing series that will explore some major issues confronting educators in America.

The Claremont Colleges Annual Dr. Martin Luther King, Jr. Commemoration

Achieving Your Dream: Bold, Visionary Leadership from the Inside Out

As the soul of Essence magazine for over three decades, Taylor was the driving force behind one of the most celebrated African American owned business success stories. A fourth generation entrepreneur, she flourished in her leadership role, building the brand and guiding it through a period of phenomenal growth to a readership of over 8 million.

During this time she penned the popular “In the Spirit” column and wrote the best-selling books, In the Spirit: The Inspirational Writings of Susan L. Taylor (1993), and Lessons in Living (1998) and Confirmation: The Spiritual Wisdom That Has Shaped Our Lives (1999).

Now, as the founder of National Cares Mentoring Movement, she shares her inspirational passion for empowering African Americans in a call to action to recruit mentors for at-risk youth. She continues to inspire hope and encourage us to reclaim our lives and create sustainable communities.

Genuine, energetic, and spiritual, Taylor’s passion is to help people realize their strengths and take charge of their lives. She brings her gift of inspiration to every audience – sharing with them her prescription for adopting the best practices, both personally and professionally, that will help them find fulfillment and success in life.

Susan Taylor’s keynote address is sponsored by The Claremont Colleges MLK Planning Committee and all members of the community are cordially invited to attend.

Pragmatic Solidarity and Breaking the Cycle of Poverty and Disease
LUNCHEON 11:30 a.m.; LECTURE 12:00 p.m.

Jessica Beckerman is the co-executive director and founder of Project Muso, a non-profit global health organization and a partner project of Partners In Health. Project Muso operates health care, microfinance, community mobilization, and non-formal education programs in Yirimadjo, Mali — an area of 20,000 people in the 5th poorest country in the world. Jessica’s talk will delve into Project Muso’s integrated community-led approaches to development. She will discuss the moral imperative that drives her — and a growing movement of young people — to this work.

Jessica studied international development and public health at Brown University and has worked in Mali since 2004, where she was a Fulbright Scholar. Jessica has worked in West Africa with several organizations including the groundbreaking NGO Tostan, and she has also worked as a Project Manager at Partners In Health’s PACT Project, designing new community-based health care delivery systems for marginalized patients. She is currently a medical student at the University of California, San Francisco.

This lecture is sponsored by Social Enterprise Initiative (SEI) and The Center for Human Rights Leadership.

An Evening with the Author

Eric Puchner, author of Model Home: A Novel (2010), is an assistant professor of literature here at CMC. Before joining our faculty in the fall of 2009, he lectured at the University of Arizona, San Francisco State University, and Stanford University. Puchner specializes in creative writing, and teaches a freshman humanities seminar on the comic voice.

Puchner attended Middlebury College, where he graduated Summa Cum Laude with a B.A. in English in 1993. He received Highest Departmental Honors and was elected to the college’s chapter of the Phi Beta Kappa Society. In 1997, he completed his MFA in Creative Writing at the University of Arizona. In 2005, he published a collection of short stories called Music Through the Floor, which was a finalist for the New York Public Library’s Young Lions Award. Puchner’s work has appeared or is forthcoming in GQ, The Daily Beast, Zoetrope: All Story, Best New American Voices, and many more acclaimed journals and anthologies. He has received a Pushcart Prize and a National Endowment for the Arts grant.

Puchner’s first novel, Model Home, has received much praise since its publication last year. Kevin O’Kelly of the Boston Globe writes, “Puchner is an extraordinarily talented writer. He’s a master of mood and tone, able to make moments of pure hilarity follow heartbreak with the seamlessness of real life . . .every character is perfectly realized . . . the perfect novel for our time.”

Tonight, Puchner will be reading selections from Model Home.

Replacement speaker:

Unlearning Liberty: the Chilling Effects of Campus Censorship

The free speech rights of students and faculty on college campuses are often threatened, some say. The Foundation for Individual Rights in Education, and its president, Greg Lukianoff, have fought for years to defend those rights.

Greg Lukianoff has been with FIRE since 2001, when he was hired to be the organization’s first director of legal and public advocacy. Lukianoff is a member of the State Bar of California and the bar of the Supreme Court of the United States. Lukianoff has published articles in the Los Angeles Times, The Boston Globe, the New York Post, The Stanford Technology Law Review, The Chronicle of Higher Education, Fraternal Law, Inside Higher Ed, Reason, Free Inquiry, and numerous other publications. He is a blogger for the Huffington Post and authored a chapter in Templeton Press’s anthology New Threats to Freedom, edited by Adam Bellow.

Lukianoff is a frequent guest on local and national syndicated radio programs, has represented FIRE on national television shows – including CBS Evening News, The O’Reilly Factor, MSNBC’s Dr. Nancy, Glenn Beck, The Abrams Report, Hannity and Colmes, and Buchanan and Press – and has testified before the U.S. Senate about free speech issues on America’s campuses. In 2008 he became the first ever recipient of the Playboy Foundation Freedom of Expression Award and in 2010 he received Ford Hall Forum’s Louis P. and Evelyn Smith First Amendment Award on behalf of FIRE.

FIRE unites civil rights and civil liberties leaders, scholars, journalists, and public intellectuals from across the political and ideological spectrum on behalf of liberty, free speech, legal equality, due process, the right of conscience, and academic freedom on America’s college campuses.

Lukianoff's visit to the Athenaeum is cosponsored by the ACLU of the Claremont Colleges. The American Civil Liberties Union of the Claremont Colleges is a student group affiliated with the ACLU of Southern California. It partners with the ACLU/SC and various on-campus organizations to advocate for civil liberties, racial justice and freedom from governmental intrusion.

If you were previously signed up for the Glenn Greenwald dinner and wish to attend the Greg Lukianoff dinner scheduled on that same night, you do not need to reregister. If you do not wish to attend the Greg Lukianoff dinner and you were on the Glenn Greenwald dinner sign up sheet, contact the Athenaeum to remove your name from the list for the dinner that night.

The Federal Reserve’s Dueling Mandate

Dr Gregory Hess is the James G. Boswell Professor of Economics and George R. Roberts Fellow at the Robert Day School of Economics and Finance. He also is the College’s Vice President for Academic Affairs and Dean of the Faculty.

An expert in monetary policy and public finance, Hess is often featured on various media outlets including Bloomberg Radio, the Los Angeles Times, and CNBC. He is a member of the Shadow Open Market Committee and a former member of the United Kingdom’s Shadow Open Market Committee. From 1989 to 1993, Hess worked as an economist at the Federal Reserve Board in Washington, D.C. He also has been a visiting scholar at Federal Reserve Banks of Cleveland, Kansas City and St. Louis, the Bank of Japan, and the International Monetary Fund.

Hess has published in the Journal of Political Economy, the American Economic Review, the Journal of Monetary Economics, the Journal of International Economics, and the Journal of Public Economics, among other journals. He also is associate editor of Economics and Politics and book review editor for Macroeconomics Dynamics.

Hess received his M.A. and Ph.D. in economics from Johns Hopkins University. Professor Hess is now an endowed holder of the James G. Boswell chair in economics, a gift to Claremont McKenna College by the James G. Boswell Foundation.

Lunch with a Leader: Commercial Litigation
LUNCHEON 11:30 a.m.; LECTURE 12:00 p.m.

Carla Christofferson is the Managing Partner of O’Melveny’s Los Angeles office and a member of the Business Trial and Litigation Practice. She is a member of The American Lawyer’s 2004 “Litigation Department of the Year,” and was recognized as a Southern California “Super Lawyer” in a survey conducted by Law & Politics Media Inc. and published in Los Angeles magazine (2005-2009). She was also named one of the Daily Journal's top 75 women litigators in California in 2008 and 2009.

Having obtained a J.D. from Yale University, Ms. Christofferson focuses on commercial civil litigation, including litigation involving energy, natural resources, environmental, unfair trade practices, accountant liability, and contract disputes. She has also served as a law clerk for the Honorable W. Matthew Byrne, Jr. with the U.S. District Court in the Central District of California.

In addition to her legal practice, Ms. Christofferson served as the Talent Development Partner for O’Melveny from 2004-2006, overseeing the development of training, mentoring, evaluation, and recruiting programs. She previously served as a member of O’Melveny’s Office of the Chair, the Firm’s five-attorney executive committee, and as the Firm’s National Hiring Partner. She is currently a member of the Firm’s Values Award Committee.

Ms. Christofferson is also active in the Los Angeles community as a member of the Board of Directors for the Los Angeles Library Foundation and the United Way Cabinet. She is also a co-owner of the Los Angeles WNBA franchise, the Los Angeles Sparks.


  • It is the policy of the Marian Miner Cook Athenaeum that no lecture, appearance or performance by any speaker or performer at the Athenaeum is to be videotaped, audiotaped, or otherwise recorded and/or broadcast without the prior written permission of the relevant speaker, performer, or other authorized owner of the intellectual property rights to the event.

  • Anyone requesting permission to record an event is required to submit an “Event Recording Request Form” to Bonnie Snortum, the Director of the Athenaeum, at least 48 hours in advance of the relevant event.

  • It is understood that the speaker, the performer, the Athenaeum, and any other event sponsor, as appropriate, reserve all intellectual property rights for each Athenaeum event.

  • If you have any questions regarding this policy, please contact Bonnie Snortum at bsnortum@cmc.edu or at (909) 607-4180.


  • The Athenaeum serves as a gathering place where ideas, inquiry, and fellowship bring students, faculty, staff, other scholars, and nationally prominent speakers together.

  • Attendance at any event may be limited to persons associated with CMC, to the people who signed up for the dinner, or to the maximum number of people allowed by fire regulations.

  • On some occasions the speaker may address the group in another forum or the College may set up a video feed to handle an overflow crowd. All programs at the Athenaeum are filmed. Individuals attending should understand that their image might appear on the videotape.

  • House rules and common courtesy prohibit disruptive actions inside the building during an Athenaeum sponsored program.

  • Time allowing, there will be a period set aside for questions. Students will have priority during this portion of the program.

  • Guests are expected to dress appropriately in all dining rooms. Shorts, jeans, and t-shirts are not acceptable at dinner; more casual attire is acceptable for lunch and tea. No bare feet at any time.