Word: supporter
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...cash-strapped state of Michigan is looking to save money any way it can, and some political leaders have suggested essentially privatizing the state's flagship university. While formally turning the school into a private university would be tricky - requiring legislative approval, a constitutional amendment, and the support of the university's Board of Regents - legislators have proposed eliminating the $327 million in funding that the state provides to the university each year. Making up the state's contribution, however, would require an endowment on the order of $16 billion, a nearly impossible task even in flush times. (Just...
...education for the common man." But many are starting to wonder if that mission is still possible. And Michigan is not the only public university in crisis. As states across the country face budget shortfalls, leading schools like the universities of Wisconsin, North Carolina and Virginia increasingly depend on support from outside their home states, either in the form of philanthropy or in top tuition rates paid by a growing number of wealthy out-of-state students. The result has already been a quasi-privatization of some of the nation's top research institutions and the economic stratification of their...
...state support that allowed us to have that public character," Duderstadt argues. As that support drops, student bodies are becoming not only more national but also more stratified. "We still promise that no Michigan student will ever be denied the opportunity to attend for financial reasons," Duderstadt says. "But that means we can't provide help for students from out-of-state. So the economic distribution for them is significantly different from those in-state." One fairly reliable measure of the economic diversity of a campus is the percentage of students who receive Pell Grants. Roughly 30% of the undergraduates...
...bursting of the asset bubble way back in the 1990s. None of the previous attempts worked, in part because much of the money went to wasteful public works spending in the bailiwicks of ruling-party politicians. The latest spending appears to make more economic sense, targeting job-creation, support for the equity market, increased transfers to regional governments, health-care spending, and energy efficiency...
...story, Justice Department officials recommended launching a Federal Bureau of Investigation probe into Harman but were held back by then Attorney General Alberto Gonzales, who allegedly argued to then CIA Director Porter Goss and then Director of National Intelligence Michael Hayden that Gonzales needed Harman's support as the top Democrat on the House Intelligence Committee to defend President George W. Bush's warrantless wiretaps...