Word: budgetable
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There's a Stephen Sondheim lyric that says it all: "Art isn't easy." Last week Brandeis University in Waltham, Mass., stunned both the academic and art worlds when it announced that it would shut down its Rose Art Museum and sell the collection. The reason was an institutional budget crisis - not at the museum, which is largely self-sufficient, but at the university. Since June, Brandeis has seen its endowment fall from $712 million to $530 million. Over the next six years it projects a budget shortfall totaling $79 million. And the collapse of Bernard Madoff's alleged Ponzi...
...point of that guideline is to push museums - or, in the case of campus museums, the schools that own them - to go to every other fundraising and budget-cutting option first. Otherwise the temptation for them to treat their collections as disposable assets would be constant and irresistible. A canvas by Picasso or Warhol could be some of the most valuable square footage in the world. (Valuable and portable. A university's cyclotron may also be worth quite a bit, but just try to load it on a truck.) And in times of trouble, the collections of campus museums...
...which was created in 2006 to plan five or six major events each year, is allotted an annual budget of $200,000. McFadden said that a priority will be placed on pushing for “a tougher stance with [University] Hall,” which he said has traditionally kept the CEB’s budget inaccessible, even from its members...
...aisle to tap Judd Gregg, a three-term GOP Senator from New Hampshire who, if confirmed, would be the third Republican in the Obama Cabinet. But Obama's latest olive branch is also a political calculation. While Gregg wielded significant power as the ranking member of the Senate Budget Committee, the Commerce Department is viewed as a Cabinet backwater-a notion bolstered by Gregg himself, who in 1995 supported a nonbinding resolution that would abolish the very department he has agreed to run. Bonnie Newman, Gregg's former chief of staff, was appointed to replace him in the U.S. Senate...
...served a stint as the state's insurance commissioner before being elected Governor. Sebelius has the advantage of having already been vetted by the Obama team, in last summer's Vice Presidential search, but she also withdrew her name for Cabinet posts' consideration in early December, citing the deteriorating budget in her home state. Other possibilities include Pennsylvania Governor Ed Rendell; former Oregon Governor John Kitzhaber, who has practiced as a physician, and Tennessee Governor Phil Bredesen, a former managed-care executive...