TD Bank survey finds 64 percent of US colleges are ‘going green’ as way to offset lower income and spur IT investment

first_imgThe survey also highlighted that higher education executives have a lack of confidence in the U.S. economy overall, with just one quarter saying they are very optimistic, while 51% are neutral.Going Green to Save GreenReduced energy costs are one way college and university executives are looking to trim operating expenses (64%). Other areas of prospective cost savings include:Reducing vendor relationships and procurement costs (50%)Freezing or reducing compensation for faculty and staff (49%)Freezing most or all capital projects (42%)Reducing administrative staff (25%)Reducing or eliminating some academic programs (25%)Reducing student services and financial aid (15%) Despite seeking ways to save, investing in on-campus “green” power or environmental sustainability projects (25%) is a key area where institutions are looking to increase capital expenditures, with over three quarters of respondents (77%) expecting to increase spending on these projects over the next five years.Projects in Need of FinancingExecutives have a long list of projects they’re seeking to finance over the next 12 months, including:Renovating existing campus infrastructure and facilities (63%)Expanding or creating new academic programs (50%)Investing in IT and equipment (48%)Investments in heavy equipment, office/lab equipment or furniture (16%) In addition to “going green,” executives expect capital campaign fundraising and private gifts will yield the greatest potential for expansion projects (51%), followed by tuition revenue (26%), bond financing (7%), bank or institutional financing (5%) and endowment investment (2%).About TD Bank’s SurveyTD Bank polled financial decision makers and influencers at four-year private colleges and universities in the U.S. to understand their main financial concerns when considering campus investments over the next 12 months. The survey was conducted by ORC International, an Infogroup company, in April and May 2011. Overall results for n=100 can be interpreted with an error margin of +/- 9.75 at a 95% confidence level. CHERRY HILL, N.J. and PORTLAND, Maine, July 12, 2011 /PRNewswire/ —center_img TD Bank,According to a recent survey by TD Bank, college and university financial decision-makers across the country cite reduced tuition and declining fee revenue as major causes for concern and are increasingly considering “going green” to save on operating expenses, while ramping up information technology (IT) spending and investments in updating campus infrastructure.TD Bank’s survey of chief financial officers, accounting officers, comptrollers and other financial managers at private, not-for-profit colleges and universities across the US found that nearly three out of four (72%) respondents view reduced net tuition and fee revenue as their biggest financial concern, even as they deal with decreasing private gift income (59%).Despite these concerns, spending is expected to increase in many areas over the next 12 months, with 77% expecting to invest in on-campus “green” power or environmental sustainability projects over the next five years.Financial ConcernsRespondents also report concern about cash flow management (39%), reduced endowment market value (31%), weakened balance sheets (22%) and access to credit (19%). As the stock market has bounced back from its lows in the fall of 2008, concern about loss of endowment market value has been cut in half, from 68% over the past three years to just 31% today.The financial management practices that college and university financial decision-makers expect to focus on in the coming year include:  Reduced private gifts income (68%)Reduced net tuition and fee revenue (61%)Weakened balance sheets (48%)Cash flow management (48%)Access to credit (39%)Reduced endowment market value (36%)last_img read more

DJ Bravo puts together music video for Chennai Super Kings cubs

first_imgNew Delhi: Dwayne Bravo has put together a music video for the kids of the players in the Chennai Super Kings outfit known as the Champion Super Cubs. The former West Indies all-rounder took to social media to break the news.Taking to Instagram, he wrote: “I’m so happy to be able to put this track together for the kids @chennaiipl #SuperCubs full video and song will be out and available on all platforms from tomorrow @starsportsindia #Champion.”Chennai Super Kings are known as the Daddy Army for having maximum number of players over 30 and the kids are seen accompanying the cricketers to the ground. In fact, they can also be seen walking onto the field of play after matches and enjoying with their fathers. Commenting on the age factor, Suresh Raina whose daughter Gracia is often seen on the ground had said: “It’s the perfect side of 30, I’d say.”Chennai Super Kings have had a brilliant run in the 2019 edition of the IPL and have already qualified for the playoffs along with Delhi Capitals. Bravo had earlier also written the famous song Champions which is still played out every time the West Indies national team wins a competiton. IANSAlso Read: SPORTS NEWSlast_img read more

Duel at a distance

first_imgNole, who has to beat the rooms within the emirate to retain the throne, met within the second spherical with Kohlschreiber after placidly surpassing Malek Jaziri’s debut yesterday (36 years, 260 of the ATP) for 6-1 and 6-2. The Tunisian entered the invitation match by and left a humorous second within the draw when his match with Djokovic was revealed: he broke out laughing at his dangerous luck. With the latter, there are already 14 consecutive victories up to now this season for Novak, after six within the ATP Cup and 7 in Australia.The premise that Nadal should fulfill if the Balkan fails is extra difficult, Effectively, it’s only value elevating his third title on the shores of the Pacific to entry the highest once more. The Balearic may have as a first stumbling block in that firm a compatriot, Pablo Andújar, 34 springs and the 54th on the planet rating. Federer, too distant in that desk and just lately operated on his proper knee (so he won’t go to Roland Garros this yr), doesn’t enter the struggle proper now.Since I fell in Australian quarters to Thiem, Nadal has performed a huge exhibition with the Swiss in South Africa and has ready at the Academy of Manacor. If he surpasses Andújar, he would possibly run into bones just like the Australian De Miñaur or the Swiss Wawrinka. Zverev and Kyrgios, his executioner final yr on this date, will keep away from even a hypothetical ultimate. “I come as a result of I like being right here. I really like the match and the group. I really feel at dwelling. It’s an necessary week for me. Let’s see how I really feel. I hope to be ready,” he mentioned earlier than the premiere. Since Andy Murray left him in August 2017, the primary is a non-public protect. Rafa Nadal, Novak Djokovic and Roger Federer are the one ones licensed to entry it. Three completely different gamers and bitter opponents on the observe, but additionally associated exterior it, as Djokovic’s latest confession as soon as once more demonstrates. The Serbian states that they share a WhatsApp group. And when one feedback one thing, the opposite two reply. It’s laborious to think about one thing like this occurring, say, between Cristiano Ronaldo, Lionel Messi and Kylian Mbappé.However that of the ‘Huge Three’ is a particular rivalry, amongst different issues for lengthy and mutual respect. At 33, Nadal and 32 Djokovic, each proceed to struggle for world primary, in a tug of battle that has its nth chapter this week. They do it greater than 14,000 kilometers away. Those that separate Dubai, the place the Serbian competes, and Acapulco (Mexico), the place it’s going to accomplish that from early Tuesday to Wednesday (not earlier than 03:30, Movistar Sports activities) Rafa. Each tournaments are of the ATP 500 class.last_img read more