UW System Clipsheet

October 17, 2008

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UW System

"Deficit will likely force cutbacks in UW System," Badger Herald, Oct. 17.

When Gov. Jim Doyle announced Wednesday that the state has a $3 billion deficit for the 2009-2011 budget, many are questioning what implications the state’s recently projected deficit may have for the University of Wisconsin System and its students, faculty and staff...At a press conference Wednesday, Doyle said his No. 1 commitment is education. But whether he will be able to completely protect the education system from cuts is unseen, (Doyle spokesman Lee) Sensenbrenner said...

On Campus

"Graduates need to plan ahead in turbulent job market," WKOW-TV, Oct. 16.

UW seniors are growing anxious. Excited to graduate, but nervous about what lies ahead in the real world. Especially today where getting a job is getting a lot harder...

"Bucky going green," WIBA-Radio, Oct. 17.

Pollution may not be the first thing that comes mind when you first think of Badgers football. But that's just what folks inside the UW-Madison Athletic Department thought about when planning this year's Homecoming game. The contest between Wisconsin and Illinois October 25 has been designated a "carbon neutral" game. The school is working to balance the carbon dioxide emissions generated through activities surrounding the event by planting trees near Cambridge and buying carbon credits. Money spent on carbon credits goes toward efforts to neutralize the impact of carbon dioxide emissions...

"Baggot: UW should react to tough financial times," Column, Wisconsin State Journal, Oct. 17.

...This moment is precisely what the Badger Fund creators had in mind when they introduced the concept nearly a decade ago. Offer a successful product that's in high consumer demand (football). Attract investors with upscale amenities (suites, club seats, a renovated Camp Randall). Link their preferred status to an annual stock purchase (buying tickets and making donations). When the market gets bumpy — this day was bound to come — investors will be in so deep they will be compelled to stay the course as long as possible...

"Badger Career Expo aims to bring UW alumni home," Wisconsin Public Radio, Oct. 16.

Today's Badger Career Expo is being held in Minnesota's Twin Cities, part of a plan to bring UW graduates back home and reverse the ongoing "brain drain." The state has long struggled to keep alumni in its local workforce. But in a survey by the Wisconsin Alumni Association and Competitive Wisconsin, 58 percent of responding UW-Madison grads said they'd consider coming back...

"UWS building projects making progress," Superior Telegram, Oct. 17.

The steel frame of a new $20.9 million student center is rapidly taking shape in the heart of the University of Wisconsin-Superior campus as work progresses on two major building projects there...

"Volunteers to bring trail to campus," Baraboo News Republic, Oct. 17.

Tents and trailers marked the arrival of volunteers on the UW-Baraboo/Sauk County campus Wednesday afternoon. People from across the state are in Baraboo this week to create a path to Devil's Lake State Park starting from the campus...This is the first time the trail will go through a University of Wisconsin campus, requiring more work because of heavy traffic...

State

"Report: state families earning less," Sheboygan Press, Oct. 17.

Wisconsin families are experiencing their worst sustained earnings decline since the early 1980s, and the trend could worsen with the economy teetering toward a recession some fear will be the toughest in decades, according to a new study. The Center on Wisconsin Strategy, which produced the report and presented it Thursday at Lakeshore Technical College in Cleveland, found that from 2000 to 2006 the state's median income for four-person families fell nearly $6,000, from $78,123 to $72,495, a drop of 7.2 percent. During the same period, the national median income fell about $2,000, or about 3.4 percent...

National

"In downturn, families strain to pay tuition," New York Times, Oct. 17.

...With the unemployment rate rising and a recession mentality gripping the country, financial aid administrators say they expect many more calls like the one from Ms. Jacobs. More families are applying for federal aid, and a recent survey found that an increasing portion of families expected to need student loans. College administrators worry that as fresh cracks appear in family finances, they will not have enough aid money to go around, given that their own endowment returns are disappointing, states are making cutbacks and fund-raising will become more difficult...

"Moody's foresees short-term problems for some colleges," Chronicle of Higher Education, Oct. 17.

The nation's recent economic problems could have a significant effect on some colleges and universities, according to a report released on Thursday by Moody’s Investors Service. Though Moody’s maintains a long-term “stable outlook” for the higher-education sector, weak investment returns, pressures on families' ability to pay tuition, and other short-term financial disruptions could hurt some low-rated institutions, the report says...