Northwestern University furloughs staff, cuts executive pay and taps endowment as it eyes ‘significant shortfall’ due to coronavirus pandemic – Chicago Tribune
Northwestern leaders projected the school will experience $90 million budget shortfall this year. Though the U.S. Department of Education has awarded stimulus money to universities struggling during the pandemic. NU turned down an allocated $8.5 million, following the lead of other wealthy schools such as Harvard and Yale.
Tenure is another of these “contract [or property] rights” that has outlived its utility although many elder faculty clog the arteries of a place like Northwestern. It’s not a state school so the familiar “impairment of contract” rules may not preclude some salutary angioplasty. Will these dons want to mix with scruffy lawyers and [elected] judges and juries to protect their sinecures? I’m thinking there might be some fairly easy pickings out there in the suburbs where the green grass is tended by others and the humid air cracks with virtue signals.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
You know it’s hard times when prestigious and storied universities with $10,000,000,000 endowments are feeling the pain.
And considering how many students this year will be taking gap years, its going to be terrible.
Tenure is another of these “contract [or property] rights” that has outlived its utility although many elder faculty clog the arteries of a place like Northwestern. It’s not a state school so the familiar “impairment of contract” rules may not preclude some salutary angioplasty. Will these dons want to mix with scruffy lawyers and [elected] judges and juries to protect their sinecures? I’m thinking there might be some fairly easy pickings out there in the suburbs where the green grass is tended by others and the humid air cracks with virtue signals.