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...last, as the new Administration expands and a graying workforce retires. (The only other sector with plans to increase hiring - that of distribution, transportation and utilities - had too few respondents for the projection to mean much.) The uptick in government recruiting is obvious to students. Last year, notes Dorothy Kerr, executive manager of Rutgers University's career services, there were just 15 government and nonprofit employers at the annual Big East Career Day in Manhattan's Madison Square Garden; others were kept out to make room for 135 private-sector employers. This year, just 80 private companies signed...

Author: /time Magazine | Title: Job Forecast for College Seniors: Grimmer Than Ever | 3/4/2009 | See Source »

...current economic downturn has put several funds at risk of going “underwater,” and therefore helped provide an impetus to pass UPMIFA, Kerr said...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Bill May Allow Flexibility | 1/28/2009 | See Source »

...Uniform Law Commission held a meeting in 2008 with officials from various universities to discuss the legislation, according to Kerr. Kerr said officials from several area schools including Emerson, Tufts, Boston College, and Harvard expressed interest in receiving materials and additional information, but he was unsure if they attended the conference in person. In interviews with The Crimson, Harvard officials have not acknowledged any familiarity with the legislation...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Bill May Allow Flexibility | 1/28/2009 | See Source »

UPMIFA was originally drafted following the collapse of the “dot-com bubble” in the early 2000s, Kerr said. Newly wealthy individuals transferred funds to foundations, only to see the value of these gifts plummet with the stock market—thereby rendering them unusable. The current economic crisis is in some ways a “repeat of the doc-com bust, but more widely spread,” Kerr said...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Bill May Allow Flexibility | 1/28/2009 | See Source »

...There are an awful lot of community organizations, non-profits, endowments, that very much want to keep going at their mission, even though stock market reversals in the past year may have left funds near or under historic dollar value,” Kerr said. “This is one of the pressures out there to see UPMIFA widely adopted...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Bill May Allow Flexibility | 1/28/2009 | See Source »

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