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Kudos to The Sun

The Sun has been doing an excellent job this week, releasing an article every single day that approaches the University's budget cuts with a sense of gravity and sophistication that we can only hope to expect out of young people today. This would include:

-- An article on Bain's engagement with the University.
-- And Ben Eisen's article providing an in-depth look to the Arts College's Task Force recommendations. The full report, coincidentally, has been posted on the Sun's website, which is definitely worth a read over this Labor Day Weekend.

But I did want to point out a rather amusing comment to the David Skorton interview today:

* If other universities take more of a percentage of their operating expenses from the endowment, what is preventing Cornell from doing the same? Don't endowments exist precisely for these situations of financial distress?

The answer, of course, is that these other institutions have a larger endowment relative to their annual operating budget. I wrote about this very fact a couple of months ago -- about how Princeton can afford to eat much more into their endowment than Cornell can due to its higher asset to operating budget ratio.

If only these anonymous commenters would read MetaEzra.

Matthew Nagowski | Posted on September 04, 2009 (#)

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