THE OFFICIAL BLOG OF THE LANCE, THE UNIVERSITY OF WINDSOR STUDENT NEWSPAPER:
NEWS, REVIEWS AND COMMENTARY, COURTESY OF THE PAPER TRAIL

Thursday, October 30, 2008

Tightening the Strings

Or did you think the university could hike faculty salaries by 16 per cent in the current economic climate and not feel the effects?

To be fair, the resolution of the faculty strike isn't the only thing putting the U on shaky financial ground. The Star reports global market conditions, as well as decreased enrollment numbers could impact the university's deficit, currently projected at $5-million.

Additionally, the current economic crisis has seen the university's endowment fund lose ten per cent of its $60-million value. So, the place isn't making the money it used to, and the money it does have is worth less than it used to. You do the math.

None of this is going to help matters at a school already battered by the faculty strike earlier this year, and a student government plagued by allegations of misconduct.

I wish I could predict for you what this will mean for you and your degree, but I suspect it ain't anything good. What does it say when the best you can hope for is getting out before the shit really hits the fan?

0 Comments:

Post a Comment

<< Home