.. (UD‘s taking that designation from the headline of a recent article about South Carolina State University) could be understood to include pretty much every university ever, uh, covered by this blog. Harvard poor mouths. Yale poor mouths. UD‘s university – George Washington – recently found the cash to buy the Corcoran Gallery of Art; but last month UD attended a meeting where a professor said “if it weren’t for our students from China, I’m not sure the university could continue to be viable.” People say these things when they’re pitching new revenue-enhancing programs, or when they feel more comfortable hoarding than spending the endowment.
On the other hand, UD has covered a few universities which do indeed seem on the brink, though even they aren’t really. How often does a university close? Yeshiva University, embittered lover of rich bitches Bernard Madoff and Ezra Merkin, has been downgraded by Moody’s with such calendrical regularity that the Moody’s Downgrade Days Calendar threatens to replace the Hebrew one. South Carolina State – one big ol’ inept corrupt money-hemorrhaging machine – is certainly in deep doo-doo, but the long-suffering taxpayers of that state will bail it out in order that it may live to stage sports events again.
A significant driving force behind the $13.6 million deficit was a $6.67 million shortfall in last year’s athletic program.
[President Thomas] Elzey said the university is considering eliminating its women’s golf program as well as assistant athletic coaches. Elzey said the university is seeking private donations to help support women’s golf.
“It hurts me to do that,” Elzey said. “I don’t like the idea of retreating back in an area I love dearly, which is golf.”
His institution’s dying and he’s worried about his dead hand shot.
April 25th, 2014 at 11:51AM
http://www.wnyc.org/story/college-football-brink/