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E-PrinceThe consequences of a slowing economy and a tumbling stock market have begun to show up all around us. As both individual and institutional investments decline precipitously in value, the economy has contracted, savings have evaporated and spending has spiraled ...(back to the article)
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And yet...the University is cutting both construction spending and grad student stipends. Odd that you people do not mention that.
The University frequently makes decisions that financially the student body, such as cost-ineffective "sustainability" projects and the admittance of unqualified students that happen to be non-Asian minorities. They justify this by pointing to the University as a model of "civic responsibility", in a distinctly leftist vein.
In a recession, what we need is increased consumer spending, and with its vast resources Princeton is well equipped to go on a spending spree. Such an action would be costly, yet send a powerful positive signal to other universities and the economy as a whole. But I guess the ivory tower types don't view economic stimulus as a sexy enough cause, unlike their usual lefty shenanigans
*financially HARM the student body
Reason - is your post a joke? Cute.
"Rutgers now faces a crunch from its $102 million football stadium..."
And they deserve it. I wonder what kind of research laboratory, for example, could have been built for $102 million. When an academic institution prioritizes (the propaganda tool of) sports over academics, it deserves to fail.
@Reason: Princeton's mission is not to stimulate the broader economy. You're right that doing so would be costly, but it would have no real results. The endowment is a drop in the bucket relative to the entire US economy.
reason, graduate student stipends are mentioned in an earlier article: http://www.dailyprincetonian.com/2008/11/14/22110/
I'm going to have to second Austin. Reason, what in the blue moon is your comment about? And what do non-Asian minority Princeton students have to do this article?
Pres Tilghman runs the greatest school in the land. By increasing financial aid when times are hard, Old Nassau continues a 250 year tradition of 'students as first priority'. It is also quite easy to qualify for need-based aid at Princeton, considerably easier than other great schools like the 7 other ivies. While Jersey legislators, continue to piddle away 100 million tax payer dollars for a stadium for the Rutgers folly--Princeton will always attract the best and the brightest.