Word: knowleses
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Dates: during 1990-1999
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Knowles' final section, titled "Continuing Concerns," reflects the Faculty's outrage last fall with the review of health and retirement benefits, which are being phased in over 1995.
"The changes were designed to remedy a chronic annual deficit of $10 million in the benefits 'pool,'" Knowles wrote. "Subsequently, members of the faculty expressed considerable dissatisfaction with the decision-making process and with some of the recommendations."
"There has been an inevitable tendency to emphasize centralized decision making, and to rely upon staff who are well-qualified in their specialities but are more removed from the core academic activities of the faculty: teaching and research," Knowles wrotein his letter.
Knowles reported that the FAS budget, whichreached a deficit of nearly $12 million in 1990,may be balanced by the next fiscal year, "wellahead of the federal government."
But Knowles warned that the recent costcontainment and increases in income which made thedeficit reduction possible may not continue. Hecited reports of economists that the country is onthe brink of an inflationary period.