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Peace College, a women's college in North Carolina, has offered all full-time faculty members buyouts, The Raleigh News & Observer reported. Debra Townsley, president of the college, declined to say whether the buyout offers were budget-related. She said that the college is currently reviewing its academic programs, although it is not yet clear where that review will lead. "It's a changing market place," she told the News & Observer. "We have limited resources, and we want the flexibility to be able to implement some of these things."