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(Stocks decline for second day; Home Depot falls - Business)
(Penn Dean Reveals Third Student Suicide Since End of Last Semester)
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Updated at 4:40 p.m.NEW YORK 鈥?Stocks fell for a second straight day Tuesday as investors were left unimpressed by Apple's latest batch of product announcements.Negative news out of Home Depot and McDonald's also weighed on the market.The Dow Jones industrial average lost 97.55 points, or 0.6 percent, to 17,013.87, its biggest one-day drop in a month. The Standard Poor's 500 index lost 13.10 points, or 0.7 percent, to 1,988.44 and the Nasdaq composite lost 40 points, or 0.9 percent, to 4,552.29.Investors had little in the way of economic data to digest, so trading was largely dominated by the news out of Apple. The California-based tech titan announced an updated version of its iPhone, a smartwatch <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors outlet</a>  as well as payment system to compete with traditional debit and credit cards.The iPhone 6 and its various iterations were well received by investors, as was the payment system, which would allow a shopper to purchase a product simply by holding his or her iPhone close to a sensor. Apple had been up as much as 4 percent after the products were unveiled.The smartwatch left some investors scratching their heads, however, and the Apple rally quickly faded. The watch doesn't come out until next year, costs $350, and would require an iPhone near it to work. It was hardly the new product category that investors had hoped it might be."I don't know if they're swimming up the right river with this watch," said Dan Morgan, a senior portfolio manager at Synovus Trust Company, who has been a long-time investor in Apple shares. "It looks like an add-on product, not something that has the potential to be a phenomenon."At the end of the day, Apple fell 37 cents, <a href=http://www.alportico.net/gosoc.php>true religion jeans</a>  or 0.4 percent, to $97.99.Apple is often volatile on days it announces products. Yet while the decline in Apple's own stock was modest, its product news had ripple effects in various parts of the market.GPS device maker Garmin and watch company Fossil fell 3.5 percent and 2 percent, respectively. Both companies are looking to claim a stake in smartwatch industry, with Garmin heavily invested in watches used by athletes to track their performance. Fossil recently announced a partnership with Intel to develop smartwatches.Investors saw Apple's payment system as a direct competitor to eBay's PayPal division, causing eBay to fall sharply in afternoon trading. EBay closed down $1.50, or 3 percent, to $52.73.Other payment system companies, such as Alliance Data Systems, also took a beating. Google, who is been trying to get into the mobile payment market as well as competes directly with Apple in phones, fell $8.71, or 2 percent, to $581.01.Unrelated to the Apple announcement, the news out of Home Depot didn't help the market either. Home Depot fell $1.89, or 2 percent, to $88.93 after the home improvement chain said hackers had broken into its in-store payment systems.Home Depot's problem follows a massive data breach at Target nearly a year ago, raising concerns it is likely other major retailers could be targeted as well.McDonald's, another Dow member, fell $1.41, or 1.5 percent, to $91.09 after the company announced that global sales fell nearly 4 percent in August. In the U.S., typically a steady market for the fast food giant, sales fell nearly 3 percent.Investors also had their eyes on the currency market.The dollar extended its rally, hitting 106.20 yen, the highest since September 2008. Compared with other major currencies hurt by bad economic news in their home countries, the dollar appears attractive. The Federal Reserve is expected to end part of its stimulus program by October and is considering rate hikes, signs of greater confidence in the U.S. economic recovery.If the dollar were to continue to rally, it may start to hurt U.S. corporate profits. A higher dollar makes U.S.-made products more expensive abroad, which makes them harder to sell compared with foreign-made goods. Investors don't expect the dollar rally to continue over the long term, however."This could temporarily weigh on U.S. corporate profits, but U.S. companies generate so much business domestically that any impact would be modest," said David Lebovitz, a global market strategist at J.P. Morgan Funds.In other markets, bond prices fell slightly. The yield on the 10-year Treasury note rose to 2.50 percent.The price of U.S. oil steadied after three days of steep drops. Benchmark U.S. crude rose 9 cents to close at $92.75 a barrel on the New York Mercantile Exchange.Brent crude, a benchmark <a href=http://www.avanttravel.com/michaelkorssonline.php> michael kors outlet</a>  for international oils used by many U.S. refineries, fell sharply on further predictions of lower global demand. Brent fell $1.04 to close at $99.16 on the ICE Futures exchange in London, the lowest close since May 2013.In metals trading, the price of gold fell $5.80 to $1,248.50 an ounce, silver fell four cents to $18.92 an ounce and copper fell seven cents to $3.10 a pound.
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In the wake of the high-profile suicides of Penn students Madison Holleran and Elvis Hatcher, Philadelphia magazine has learned that a third university student had committed suicide since the end of last semester. Dean Richard James Gelles of聽the university s School of Social Policy and Practice聽said he made no announcement through the university because he believes in the 鈥減rivacy concerns of the family 鈥?and the possibility of contagion.鈥?
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While Gelles would not reveal the name of the student, he says he is revealing the suicide out of concern for student welfare.
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The unnamed social policy graduate student, who committed suicide off campus over semester break, can now be added to the list of Penn students who recently committed suicide, including Holleran, a freshman who took her life on Jan. 17, and Hatcher, a sophomore <a href=http://www.radiorcs.com/page.php?sale=Kate-Spade-Zebra>Kate Spade Zebra</a>  who killed himself just weeks later.
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鈥淚 think though that we need to be mindful of our students and their mental health,鈥?said Gelles. 鈥淢ental health is a serious issue on every campus and Penn has a unique set of challenges. These are kids who are used to being the absolute best, and they get here and they鈥檙e surrounded, in a very competitive environment, by other kids who are accomplishing at least as much, if not more, and we need to respond to that.鈥?
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Dr. T.J. Ghose, a professor in the School of Social Policy and Practice, says he agrees with the Dean鈥檚 decision not to name the student. But says that, 鈥渁s the university community responds to these suicides, the fact that there was a third student, who was one of our own, is important to acknowledge, so that can be part of the conversation.鈥?
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Suicide researchers say the data shows that suicide tends to occur in clusters, and that publicity surrounding suicides can  by people already suffering from suicidal thoughts, particularly among the young, leading to Gelles鈥?fear of 鈥渃ontagion.鈥?
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Penn administrators responded to the deaths of Holleran and Hatcher by convening a mental health task force. That effort has fallen under .
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Penn is <a href=http://www.avanttravel.com/page.php?sale=Cheap-Louboutin>Christian Louboutin Sale</a>  also facing , the student mental health services provider. According to a story published Wednesday聽in the student newspaper, the Daily Pennsylvanian, students sometimes have to wait for a month or five weeks to see a counselor.
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Several students, who wished to remain anonymous because of the stigma surrounding mental health care, have made the same claims about long waits at CAPS to me.
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Gelles says the issue is one of awareness 鈥?of mental health issues, throughout society, and for Penn, the particular challenge faced by its student population.
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鈥淭hese schools are so difficult to get into,鈥?he says. 鈥淎n A- isn鈥檛 good enough. Second violin isn鈥檛 good enough. Going to China isn鈥檛 good enough. You have to live with a native family and learn to speak Mandarin. You can鈥檛 make a mistake. And so you get here, and you鈥檝e never made a mistake, and being the best all your life earns you a spot in the middle here. It鈥檚 tough for an 18-year-old brain to take, and I think we have to create room for experimentation, for people to not feel that they have to be perfect. That ought to be across your whole life.鈥?
 +
As of press time, Penn had not responded to <a href=http://www.avanttravel.com/page.php?sale=Tory-Burch-Tall-Boots>Tory Burch Tall Boots</a>  a request for comment.
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For confidential support if you are having thoughts of suicide, call the National Suicide Prevention Lifeline at 1-800-273-TALK (8255). Learn about the warning signs of suicide at the .
 +
Follow  on Twitter.

Revision as of 22:56, 11 September 2014

In the wake of the high-profile suicides of Penn students Madison Holleran and Elvis Hatcher, Philadelphia magazine has learned that a third university student had committed suicide since the end of last semester. Dean Richard James Gelles of聽the university s School of Social Policy and Practice聽said he made no announcement through the university because he believes in the 鈥減rivacy concerns of the family 鈥?and the possibility of contagion.鈥? While Gelles would not reveal the name of the student, he says he is revealing the suicide out of concern for student welfare. The unnamed social policy graduate student, who committed suicide off campus over semester break, can now be added to the list of Penn students who recently committed suicide, including Holleran, a freshman who took her life on Jan. 17, and Hatcher, a sophomore <a href=http://www.radiorcs.com/page.php?sale=Kate-Spade-Zebra>Kate Spade Zebra</a> who killed himself just weeks later.



鈥淚 think though that we need to be mindful of our students and their mental health,鈥?said Gelles. 鈥淢ental health is a serious issue on every campus and Penn has a unique set of challenges. These are kids who are used to being the absolute best, and they get here and they鈥檙e surrounded, in a very competitive environment, by other kids who are accomplishing at least as much, if not more, and we need to respond to that.鈥? Dr. T.J. Ghose, a professor in the School of Social Policy and Practice, says he agrees with the Dean鈥檚 decision not to name the student. But says that, 鈥渁s the university community responds to these suicides, the fact that there was a third student, who was one of our own, is important to acknowledge, so that can be part of the conversation.鈥? Suicide researchers say the data shows that suicide tends to occur in clusters, and that publicity surrounding suicides can by people already suffering from suicidal thoughts, particularly among the young, leading to Gelles鈥?fear of 鈥渃ontagion.鈥? Penn administrators responded to the deaths of Holleran and Hatcher by convening a mental health task force. That effort has fallen under . Penn is <a href=http://www.avanttravel.com/page.php?sale=Cheap-Louboutin>Christian Louboutin Sale</a> also facing , the student mental health services provider. According to a story published Wednesday聽in the student newspaper, the Daily Pennsylvanian, students sometimes have to wait for a month or five weeks to see a counselor. Several students, who wished to remain anonymous because of the stigma surrounding mental health care, have made the same claims about long waits at CAPS to me. Gelles says the issue is one of awareness 鈥?of mental health issues, throughout society, and for Penn, the particular challenge faced by its student population. 鈥淭hese schools are so difficult to get into,鈥?he says. 鈥淎n A- isn鈥檛 good enough. Second violin isn鈥檛 good enough. Going to China isn鈥檛 good enough. You have to live with a native family and learn to speak Mandarin. You can鈥檛 make a mistake. And so you get here, and you鈥檝e never made a mistake, and being the best all your life earns you a spot in the middle here. It鈥檚 tough for an 18-year-old brain to take, and I think we have to create room for experimentation, for people to not feel that they have to be perfect. That ought to be across your whole life.鈥? As of press time, Penn had not responded to <a href=http://www.avanttravel.com/page.php?sale=Tory-Burch-Tall-Boots>Tory Burch Tall Boots</a> a request for comment. For confidential support if you are having thoughts of suicide, call the National Suicide Prevention Lifeline at 1-800-273-TALK (8255). Learn about the warning signs of suicide at the . Follow on Twitter.

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