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...public universities like Michigan have been confident about their ability to attract enough wealthy out-of-state students to help fill their coffers. But it will become difficult to continue competing with private institutions if they cannot simultaneously expand their research capacity and recruit top-flight faculty. And the struggling economy is forcing even wealthy families to look for the best value for their tuition dollars. For just $5,000 more in tuition, an out-of-state student could forgo Michigan for New York University, the nation's largest private school with nearly double the number of faculty. In recent...
...just around the corner. Sure, we're seeing some green shoots particularly in China, where industrial production rose 8.3% year-on-year in March, retail sales surged 15.9% in the first quarter, and investment in fixed assets jumped 28.6% in March after rising 26.5% in February. But it's difficult to see how Asia can return to real growth with export demand dead in the U.S. and Europe - and no one expects a resurrection there anytime soon...
...life during a recession, though we do hope the cuts end up saving us more than just a few dimes. Spending cuts are often unfortunate, especially at Harvard—a place accustomed to abundance. Yet these cuts are also probably highly prudent and necessary, though it is difficult to be sure, since the university’s true financial picture remains cloudy. The decision made earlier this semester to reduce annual FAS departmental budgets and annual House budgets by 15 percent was a difficult concession, but likely sensible in the current environment. The recent announcement, however, that each...
...discussion—but not much is changing, Lieberman said. “The administrative structure is the thing that’s changing,” he said, emphasizing that the formation of the department will not cause any changes in concentration requirements. Sweeping changes would be difficult in the current financial climate, anyway, he said. With the requisite student interest, the biological anthropology track within the anthropology concentration will still be offered, Lieberman said. The proposal still awaits the vote of the full Faculty in May for official recognition of the new department in July. If approved...
...everyone aligns with this view, however—others, namely the current Turkish government, vehemently reject the use of the word “genocide” to describe these events. This puts President Obama in a difficult situation. In years past, the president of the United States has delivered a speech commemorating these events. Obama will almost certainly keep with this unofficial tradition. But, if he omits the word “genocide,” Armenians around the world will accuse Obama of breaking his promise to explicitly label the events as such. Likewise, if he does utter...