A chained CPI (Consumer Price Index) sounds like a very painful condition. Or it sounds like a price index that couldn’t be controlled and is therefore forcefully restrained. Thankfully, it is neither of these situations and is instead a more realistic way of assessing cost of living increases.
My annual trip to the New York automobile show took place recently. I have been going to this show since the 1960s, even before I learned to drive, and have only missed one or two shows in all these years.
At the last meeting of my local school board, the chief topic of conversation was the proposal to become an International Baccalaureate diploma school which is a high school level program. The presentation was led by our high school principal and he was an articulate passionate advocate for moving in this direction. The community was very invested in this discussion focusing, as they should on both the benefits as well as the marginal cost of adding IB to the curriculum.
One of our leading faculty members announced last week that he would be retiring and relocating at the end of this academic year. The deciding factor seems most likely to be the impact of Hurricane Sandy on his house and on his life. I hoped he would change his mind. His retiring is certainly not in the best interests of his department and his school; it likely is in his best interest, given the circumstances.
For a university to fully fulfill its mission, it needs to be inextricably interwoven with the community, both the internal community and the surrounding community. Some universities pay limited attention to their surroundings but I have always been proud of Hofstra’s history of embracing the community in ways that clearly meet important needs.