Cornell faces budget cuts
Cornell University, the economic crisis’s latest victim in higher education, will freeze hiring, pause construction and review its budget, Cornell said Thursday.
Effective today, Cornell is suspending hiring from outside the university, except faculty, through March 31, 2009. All construction projects that are not already in progress will be put on hold for 90 days. And for the next 45 days, Cornell will evaluate its budget to control costs and reduce financial exposure.
“While we cannot be certain about the dimensions, depth and duration of the difficulty, we are confident...
Just a quick comment re the Colby endowment, in the fiscal year ending in June, they actually had a positive return so as not to confuse the major decline this fall.
thanks!