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

Plenty of space for family to spread out

first_imgThe home at 15 Tsai Place, Kuraby.THIS two-storey, four-bedroom home is new to the market in Kuraby, close to childcare, parks, public transport and Garden City. The home at 15 Tsai Place, Kuraby has a study, formal lounge room and formal dining room on the ground floor. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020Towards the back on the home there is an open-plan living, dining and kitchen area that opens to the poolside patio.The kitchen has a breakfast bar, plenty of work and storage space and space for a double fridge.Upstairs, the master bedroom has an ensuite with spa and walk-in robe and the three other bedrooms have built-in robes. There is also a family retreat and a small balcony on the second level. The home has fresh paint, high ceilings and side access for the boat or trailer.last_img read more

Non-revenue sports led by soccer, tennis

first_imgIn the shadow of the excitement of a bowl game, March Madness and a run at the national championship, non-revenue sports held their own — for the most part.While volleyball and softball had less-than-stellar seasons, both women’s soccer and men’s tennis fought their way into their respective NCAA Tournaments.Back in the fall, volleyball found itself in a rebuilding year. With six freshman and five sophomores, head coach Pete Waite felt he needed to take things back to the basics.“Some of it is psychological and some of it is emotional for the young kids as far as the learning process, but we have to make sure we touch on everything so they understand it,” Waite said at a press conference in the fall.Although they ended their season losing nine straight matches going 11-18, 6-14 Big Ten, the team still drew in the largest attendance in the Big Ten.The men’s soccer team also had a transitioning season under the supervision of new head coach Todd Yeagley. After going 3-3 in their Big Ten season — 7-9-2 overall — the squad took on Yeagley’s alma mater in the quarterfinal round of the Big Ten Tournament. The Badger’s were unable to find the back of the net against the Hoosiers, watching their season end in a 2-0 loss. To add to the pain, Yeagley bolted for a job at Indiana after the season, so John Trask took over as head coach for the spring and will be the Badgers’ third head coach in three years.While volleyball and men’s soccer struggled, women’s soccer seemed to hit the right stride. Ending their regular season 9-5-5, 5-1-4 in the Big Ten, the squad was selected into the NCAA Tournament.Starting against Arizona State, both teams put up a strong fight through 110 minutes of play, forcing the game to be decided on penalty kicks. Ahead by one goal, UW goalkeeper Michele Dalton made what were probably the biggest saves of her life, getting the Badgers the win and one game closer to the championship. The squad fought through another round, finding themselves in the Sweet Sixteen — before Boston College ended their season in a 1-0 decision.The softball team couldn’t seem to get things started on the right foot. Much like the volleyball team, they haven’t had much success in their season so far, sitting at 19-28, 3-10 Big Ten. Although their season is not over yet, with only three series left the squad didn’t quite have the season they probably hoped for. However, the streak of 15-40 seasons ends here; partly due to rainouts, partly due to actual improvement.Sharing a similar feeling, the women’s tennis team finished at 8-15, 3-7 Big Ten. With a chance to change things around in the Big Ten Tournament, the squad took out Minnesota 4-0 in the first round. In the second round they faced Michigan, who ended their season in a 4-1 match.While the women struggled, the men’s tennis team found its own success this season. Finishing out 18-7, 7-3 Big Ten the squad fell to Ohio State — the eventual champion — in the semifinals of the Big Ten Tournament after shutting out Minnesota in the quarterfinal round.Although the Big Ten Tournament didn’t go quite their way, Wisconsin’s season isn’t over yet as they still have to face Notre Dame in the first round of the NCAA Tournament.last_img read more

Broward County Issues Shelter-in-Place Order

first_imgResidents may leave their homes to go places such as grocery stores, doctor’s offices, pharmacies, and child care centers, among other “essential locations.”In addition, outdoor exercise that complies with social distancing guidelines from the U.S. Centers for Disease Control and Prevention is allowed.According to the latest numbers from the Florida Department of Health, there are 504 confirmed cases of COVID-19 in Broward County, which is second only to Miami-Dade County in the state.67 people have been hospitalized because of the virus in Broward County, and three have died. Broward County issued a shelter-in-place order on Thursday, urging residents not to leave their homes unless it is to complete “essential activities.”Under the order issued by County Administrator Bertha Henry, “individuals are strongly urged to remain home other than to engage in essential activities, which are the minimum activities necessary to conduct Minimum Business Operations or to engage in or patronize Essential Businesses.”last_img read more

James makes Cavs better, now East more wide open

first_imgA fan waves a cutout of LeBron James during a baseball game between the Chicago White Sox and Cleveland Indians on Friday, July 11, 2014, in Cleveland. James announced earlier Friday he is returning to play for the Cleveland Cavaliers. (AP Photo/Mark Duncan)NEW YORK (AP) — A word of caution to anyone anointing the Cleveland Cavaliers as the NBA favorites.Yes, the Cavaliers are going to be good, no doubt. It’s impossible not to be with the game’s best player. But even LeBron James knows Cleveland has a lot of work to do.“We’re not ready right now. No way,” he wrote in his first-person essay in Sports Illustrated.Quite a different tone than when he arrived in Miami four years ago.Quite a different situation, too.While the player dominos continue to fall in place during free agency, James’ decision has leveled the playing field even more in the up-for-grabs Eastern Conference.And the battle should be very entertaining: James vs. the likes of Pat Riley, Phil Jackson and Larry Bird.Cleveland won’t even be a sure thing within its own division where Bird’s Indiana Pacers and the Chicago Bulls have veteran squads that have played together for years.And an NBA championship is surely no guarantee, not with the San Antonio Spurs possibly even stronger than the powerhouse that rolled through James and the Heat in the NBA Finals. The Oklahoma City Thunder and Los Angeles Clippers are potent, and the Houston Rockets and Portland Trail Blazers don’t look far away.So if Cleveland’s a favorite, it may only be a sentimental one, for those wanting to see James lead his home team to a title that has eluded the city in all major sports for 50 years.“We have to pull for the Cavaliers now,” Charles Barkley said on NBA TV. “We have to pull for that team.”Some will, but it’s going to be a challenge.Toronto (Kyle Lowry) and Washington (Marcin Gortat) held on to key pieces from their up-and-coming squads. Brooklyn believes it has another year to contend if Paul Pierce and Kevin Garnett stick around, and the Knicks have been telling Carmelo Anthony they expect to be better if he returns.Even James’ old team could remain formidable with Chris Bosh sticking around and Dwyane Wade expected to do the same, setting up the potential for a wide-open Eastern Conference race that didn’t exist while the Heat ruled it since 2011.But in the hours after James announced he was trading Biscayne Bay for Lake Erie, it was hard not to get excited about the Cavs’ possibilities.“LeBron James, Kyrie Irving and Andrew Wiggins have the potential to be a great ‘Big 3,’” Hall of Famer Magic Johnson wrote on Twitter.His Lakers tussled with one of the best, the Celtics with Bird, Kevin McHale and Robert Parish. Boston later had another championship trio with Kevin Garnett, Paul Pierce and Ray Allen, and the Spurs’ core of Tim Duncan, Tony Parker and Manu Ginobili is the winningest postseason trio of them all.It was those models that forced James to leave home in the first place, realizing he needed the help he found with Wade and Bosh. He boasted of “not two, not three, not four …” titles upon his arrival, though he abandoned that chase to return to Ohio.There’s potential there. Irving was the MVP of the All-Star game last year, and Wiggins was the No. 1 pick in the draft. The Cavs’ roster features a fourth No. 1 pick, Anthony Bennett, who struggled badly as a rookie last season but should benefit from a full offseason after he was sidelined while recovering from shoulder surgery last summer.But potential has gotten many coaches fired.Oddsmakers, however, seemed convinced, many Las Vegas sports books making the Cavs a 4-1 favorite to win the championship. It will be the fifth straight season James’ team is the preseason NBA favorite, according to RJ Bell, founder of the website Pregame.com.The other team with them is the Spurs, who got Duncan to return and re-signed coach Gregg Popovich and key players Boris Diaw and Patty Mills to multiyear deals. If they can get Pau Gasol, who tweeted Friday that he’s close to deciding on a team, it’s hard to envision much drop-off from last season’s 62 victories.But the Spurs are always a sure thing. Things are more uncertain for James and his new team.He knew he was on an instant title contender when he went to Miami. Even he realizes that may not be the case heading home.The road to the Eastern Conference championship may no longer go through Miami. The question is whether it still goes through James.“LeBron’s still in the East,” new Knicks coach Derek Fisher said. “It still makes my job difficult.”last_img read more

LaLiga named Honorary Ambassador of the Spain Brand in International Relations

first_imgAdvertisement i9zNBA Finals | Brooklyn Vs2mWingsuit rodeo📽Sindre Egppu( IG: @_aubreyfisher @imraino ) elkWould you ever consider trying this?😱c0wt5Can your students do this? 🌚6i2k9Roller skating! Powered by Firework  LaLiga, Ana Botin, Isabel Coixet, Carolina Marin, ONCE, Paradores, Francisco Mojica and Jose Luis Bonet comprise the eighth group of Honorary Ambassadors of the Spain Brand chosen by the Leading Brands of Spain Forum as part of an initiative to publicly recognise the people, companies and institutions that have made the largest and best contributions, with their exemplary professional backgrounds, to reinforcing a positive image of Spain abroad.Advertisement LaLiga, chosen in the International Relations category, was represented by its president, Javier Tebas, who, along with the rest of the honorary ambassadors, held a meeting with the royal couple before the ceremony to share the ambassadors’ vision of Spain’s international image in various spheres.Advertisement The other ambassadors were recognised in the following biennial categories: Ana Botin (Corporate Management), ONCE (Social Action), Isabel Coixet (Art and Culture), Red de Paradores (Tourism and Gastronomy), Carolina Marin (Sports), Francisco Mojica (Science and Innovation), and Jose Luis Bonet (Extraordinary Credentials).Advertisement In his speech, His Majesty King Felipe VI underscored the work of the ambassadors: “Today I would like to reiterate the fact that our collective present and future are also moulded by the people, by Spaniards: the biography of Spain is the biography of all of its men and women, and we must continue to build it with the participation and efforts of all. And in this endeavour, we can feel proud of these role models of Spanish society who are the Honorary Ambassadors of the Spain Brand, truly an example for everyone.”“Thanks to LaLiga and the agreements with the various broadcasters, hundreds of millions of people around the world can enjoy Spanish football. LaLiga contributes to showing the world our undeniable strength as a country, given that the teams we have here are among the best on the planet. However, that reinforcement of Spain’s image also takes place through the power of football as a spectacle across the globe and through its inherent values as a sporting discipline, such as hard work, personal betterment, teamwork and collaboration,” His Majesty King Felipe VI went on to say with regard to the work of LaLiga as International Relations Ambassador. Advertisementlast_img read more