Credit Squeeze Exposes Weaknesses in Investments

Autor/inn/en	Blumenstyk, Goldie; Field, Kelly
Titel	Credit Squeeze Exposes Weaknesses in Investments
Quelle	In: Chronicle of Higher Education, 55 (2008) 8, (1 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0009-5982
Schlagwörter	Higher Education; Institutional Survival; Financial Problems; Debt (Financial); Educational Finance; Money Management; Coping; College Administration + Suchen Sie Ihr Suchwort? Hochschulbildung; Hochschulsystem; Hochschulwesen; Bildungsfonds; Bewältigung; College administrators; Hochschulverwaltung
Abstract	This article reports that the credit crisis tying global financing systems into knots has left hundreds of colleges scrambling for cash to pay their bills and to cover the spiking interest on their debts. While it is still unclear to what extent the federal government's new $700-billion bailout package will help unwind the credit tangle, the crisis has exposed weaknesses in policies and management that left some institutions more vulnerable than they should have been. A few have already halted construction projects because of the higher cost of borrowing. Others are considering faculty or pay cuts. Bankers who do business with colleges and academic medical centers note that as a sector over all, higher education is faring better than other industries, even if colleges are finding they're paying more for credit. (ERIC).
Anmerkungen	Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10