(01-24-2013 11:52 PM)Louis Kitton Wrote: (01-24-2013 11:05 PM)Love and Honor Wrote: (01-24-2013 10:46 PM)Louis Kitton Wrote: (01-24-2013 05:46 PM)Love and Honor Wrote: Point is that colleges like us, as well as ultra-small liberal arts colleges, are being squeezed by this mess, while flagships like OSU don't have their present university structure in jeopardy.
It all depends if universities can keep up with the trends and provide a product that students want.
Ohio just raised 413 million dollars or its fundraising campaign so I feel pretty confident as a quality public university we'll stay afloat.
http://www.ohio.edu/campaign/
Very true, some hard work and creativity will keep us going strong, all the MAC schools have history behind them of being fine institutions for generations. Hopefully the economy rebounds, that'll ease the burden if it gets going again.
What is the best case for the economy though in SE Michigan?
The financial bailouts have essentially have made the US government a private investor in the banking and automotive industries. Its a business friendly spin on what is basically nationalized ownership. The same can be said for the affordable health care act. It looks like its going to be a case in the future where our economy will have to be saved by government intervention. The government has opened a branch of the US Patent and Trademark Office in Detroit to help process patents of the Detroit automakers it helped to prop up.
I would say its going to be more changes than growth in the economy. Either people of the massive Midwest middle class are going to become highly skilled or they are going to struggle to get by on a living wage.
Quote:The Miami University Living Wage Campaign began after it became known that Miami University wage was 18-19% below the market value. In 2003 the members of the Miami University Fair Labor Coalition began marching for university staff wages. After negotiations fail with the university and the American Federation of State and County Municipal Employees (AFSCME), workers went on strike. For two weeks workers protested and students created a tent city as a way of showing support for the strikers. Eventually more students, faculty and community members came out to show support.
http://en.wikipedia.org/wiki/Living_wage
Are you Paul Ryan using "Love and Honor" as a screen name?
Ryan/GOP talking points.
Detroit has literally gone from a true basket case (say 4 years ago) to a city which is full of excitement and growth, both public AND private growth.
Dan Gilbert is buying up the CBD like crazy. He has bought in excess of 15 buildings, just buying controlling interest in the Greektown Hotel and Casino. A rail system from near the Detroit River to the New Center was approved last week (mostly private monies), the state is considering taking over Belle Isle and making it a state park, Ilitch is expected to build a new hockey arena near Woodward and the Fisher Freeway (couple of land options he owns), big CBD buildings have or will be rehabilitated as apartments and retail, etc.
Sometimes when a city hits bottom, real estate, etc. is dirt cheap and folks realize the business opportunity.
SE Michigan has a very strong base of highly educated workers from the many excellent universities in the state.
This notion of 'public ownership' of automobile companies and banks is a story which had a degree of truth THREE or FOUR YEARS AGO.
The U.S. only has some ownership left in GM which they want to unload when the 'price is right'.
The financial/economic collapse of 2008 has been undone and the economy is coming back. We avoided 1929.
S&P hit 1500 yesterday and not too far from an all time hire.
I've learned that politicians talk:
The U.S. is going to hell while the financial pros buy up equities (stock) like crazy.
Politicians, well some, are just scaring the people for partisan gain.
Financial pros were not convinced.
To paraphrase FDR: "The only thing we have to fear is (duplicitous politicians)...
In four years the S&P has more than doubled
P.S.: The biggest problems states like MI have isn't their local economic environment, per se, but growing out migration of the baby boomers who are leaving bitter temps for warmer temps.
That is the next big demographic trend and if the natural replacement (births minus deaths) is negative, then these states will lose population and decline.