Faculty and staff members at Indiana University at Bloomington are signing petitions and protesting the idea of a long-term lease by the university of its parking facilities, the Associated Press reported. Ohio State University recently signed a deal to lease its parking facilities for 50 years -- earning Ohio State $483 million. Indiana officials want a similar deal, but employees say that they fear a loss of jobs and less control over the fees charged to those who park there.
Many students at Cuyahoga Community College are objecting to the decision of the college's Metro campus to refuse to let Maria Graciani continue her job as an "ambassador" -- in which she helped with orientation, campus tours and other activities -- because 16 years ago she was convicted of aggravated assault, The Plain Dealer of Cleveland reported. Graciani has served in the position successfully in the past, but the college recently started doing background checks on those in such jobs, and denied her the chance to continue as an ambassador this year. While college officials declined to talk about the decision, they have said that that they introduced the background checks to protect the safety of everyone on campus. Graciani's conviction stems from charges that, during a brawl, she hit a woman with a beer bottle. She said in an interview with the newspaper that someone else hit the woman, but that she pleaded guilty to avoid prison.
Michael L. Ash, executive assistant to the president for resource development and external affairs at State Fair Community College, has been selected as president of Southeastern Community College, in Iowa.
Randi Reich Cosentino, interim provost and chief academic officer at Strayer University, has been appointed to the job on a permanent basis.
Faculty leaders at the University of Kentucky issued a letter Thursday to President Eli Capilouto charging that he has created a "false crisis" to justify budget shifts, The Lexington Herald-Leader reported. The letter acknowledges that the state has cut appropriations, but argues that only $20 million of a $43 million budget deficit can be attributed to those cuts. The rest of the cuts -- which have led to 140 layoffs -- were necessary because of the administration's budget priorities, the faculty letter said. Capilouto told the newspaper that he welcomes "constructive feedback."
Read more here: http://www.kentucky.com/2012/10/04/2360392/university-of-kentucky-faculty.html#storylink=cpy
Ontario Wooden, a dean at North Carolina Central University, has been arrested and charged with assaulting a colleague, The Durham Herald-Sun reported. The arrest warrant for Wooden said that he "unlawfully and willfully" assaulted a woman (an unnamed employee at the university) "by grabbing her forearm and shoving her against a cabinet, causing scratches and bruises on the forearm and upper left shoulder." The dean was released on bond, and the university declined to comment on the arrest.
Mitchell College, in Connecticut, is laying off seven professors, 20 percent of the full-time faculty, The Day reported. College officials said that they were forced to take action because enrollment this fall is 720 full-time students, not the expected 760. The faculty members losing their jobs have been at the college for between 2 and 10 years.
Mike McQueary, the former assistant football coach at Pennsylvania State University, is suing the institution for $4 million, saying he was forced out of his job for reporting an incident in which he saw Jerry Sandusky engaged in inappropriate behavior with a boy, The Centre Daily Times reported. Penn State officials have said that the suit is baseless. But McQueary's suit says that he was forced out of his job and that he is unable to get work in football coaching because of the Penn State scandal, and the perception created by some at the university that he was was part of a cover-up.
Moody's Investors Service said Monday that the weak return on Harvard University's $30.7 billion endowment, which the university announced last week had shrunk 0.05 percent in the 2012 fiscal year, is a bad sign for endowment-dependent universities. The rating agency said the results probably won't affect Harvard's rating, but are likely to lead the institution and others to rethink their dependence on endowments. "Based on highly variable investment returns over the past decade, we expect endowment-dependent institutions to make more conservative spending decisions for future fiscal years and to more fully assess their operational vulnerability to investment volatility," the agency wrote. "Budgetary models are increasingly stress tested, and management teams are adjusting to more conservative assumptions about long-term rates of return on their endowment. Many have lowered their assumed annual endowment returns to 7 percent to 8 percent, compared to the higher 9 percent to 10 percent return assumptions that were common prior to 2009."
Only a handful of private universities have announced their returns for the past fiscal year, but Moody's projects most endowments to have returns similar to Harvard's. "Most university endowments likely declined by 1 percent to 5 percent in fiscal 2012, net of new gifts, owing to weak investment performance and 4 percent to 6 percent endowment spending for the annual budget," the rating agency wrote.