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Special Report: Higher Ed and the Economy
"Facing stark economic realities, colleges and universities of all types—public and private, large and small, two-year and four-year—are taking it upon themselves to do what they can to maintain operations and survive. From cutting costs to searching for
CNBC Gives Financial Advice
Jon Stewart on the subject of CNBC and its business reporting.
Op-Ed Columnist - Some Things Don’t Change in Grover’s Corners - NYTimes.com
"Wilder was not a nostalgic, sentimental or jingoistic writer. Grover’s Corners isn’t populated by saints but by regular people, some frivolous and some ignorant and at least one suicidal. But when the narrator evokes a common national good and purpose —
College endowments lost 24 percent in 6 months | U.S. | Reuters
"From July through December, U.S. schools' endowments dropped an average of 24.1 percent, according to a report released by the Commonfund Institute, a nonprofit group that polled 629 educational endowments on their results."
Op-Ed Columnist - Even Worse for Young Workers - NYTimes.com
"A comparison of the number of people being thrown out of work in this recession with that of the severe recession of 1981-82 will indicate why. The peak unemployment rate was higher in that earlier recession than today’s 7.6 percent, largely because the
Library Consortia: Economic Crisis Could Mean Double-Digit Budget Reductions - 1/21/2009 - Library Journal
'Further, as tough as things are already, ICOLC reminded readers that the full impact of this recession has yet to be felt. “We have yet to see the full effects, as many 2009 journal and database subscriptions have already been renewed,” the statement poi
Statement on the Global Economic Crisis and Its Impact on Consortial Licenses
"Written on behalf of the many library consortia across the world that participate in the ICOLC, this statement has two purposes. It is intended to help publishers and other content providers from whom we license electronic information resources (hereaft
Taking a Big Hit - Philanthropy.com
"Of the 73 foundations that provided data about their 2009 grant making, most of them — 39 — expect to decrease how much they contribute to charities this year."
Most State Library jobs could be history - PennLive.com
"Fifty of the library's 57 positions would be eliminated, with one person transferred elsewhere in the state Department of Education, which oversees the library."
One Step Forward, Two Steps Back :: Inside Higher Ed ::
"If the impact of the 2001 recession is mirrored in the current economic downturn, higher education officials can expect lower state funding and increasing enrollments. At the same time, students and their families will probably see increased tuition rate
Harvard to cut 25 percent of investment unit's staff | Reuters
"Harvard University is sending pink slips to about one-quarter of its investment management staff after the school's endowment shrank by about 22 percent and its president said cost cuts would follow"
Tenure on the Chopping Block :: Inside Higher Ed ::
"Amid state budget concerns, the Kentucky Community and Technical College System may eliminate tenure for all new faculty members and instead offer short-term renewable contracts. System leaders say the plan will give them a flexibility they need, but man
Data Show College Endowments Loss Is Worst Drop Since ’70s -
"The steep declines are forcing colleges and universities across the country to contemplate wage freezes, layoffs and a halt to construction projects."
Fortunes Falling :: Inside Higher Ed ::
"In a joint survey, the Commonfund Institute and the National Association of College and University Business Officers found that college endowment returns dropped by 22.5 percent in the first six months of the 2009 fiscal year, which began July 1 at most
Brandeis to Sell All of Its Art :: Inside Higher Ed ::
"Robertson called the idea that an art museum could be sacrificed 'myopic' and said that the decision reflected a general lack of understanding that art is not a luxury, but is a central part of a liberal education. 'A student’s experience with an origina
States Put Squeeze on Public Universities - The Paper Trail (usnews.com)
"The Center on Budget and Policy Priorities wrote in December that 44 states are facing budget shortfalls this year (the ones that aren't? Alaska, Montana, North Dakota, Texas, West Virginia, and Wyoming), and 24 states have already proposed college/unive
Forecast Adjusted ... Downward :: Inside Higher Ed ::
"When the Council for Advancement and Support of Education (CASE) polled its membership in July, fund raisers expected giving to increase by 5.3 percent over the course of the 2008-9 fiscal year. After wrapping up the 2008 calendar year, however, those sa
Manna From Heaven (er, Washington) :: Inside Higher Ed ::
"As colleges and students around the country struggle with the effects of the worldwide economic downturn, help appears to be on the way from the nation’s capital. And plenty of it, to judge from a draft of a massive, $825 billion stimulus package release
Centers of Attention :: Inside Higher Ed ::
Boston University's plan to grow its faculty in the midst of the economic downturn
The Financial Crisis Timeline
By the Federal Reserve of St. Louis. "This web site was created to provide the public with useful information about major financial events and policy actions, both over the past months and going forward." Includes Timeline.
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