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

NBA legend Michael Jordan wins long-running China trademark dispute

first_imgChina’s Supreme Court has ruled in favor of basketball legend Michael Jordan in a long-running trademark dispute, ending an eight-year legal battle with a Chinese sportswear firm that illegally used his name.Upholding intellectual property rights is one of the core disputes of the US-China trade war, and a phase one deal signed in January saw Beijing pledge to improve protections of intellectual property.The landmark ruling, made late last month, prohibits the Fujian-based Qiaodan Sports from using the Chinese translation of Jordan’s name, Qiao Dan. Topics : The retired Chicago Bulls player and six-time NBA championship winner has a huge following in China, a country that has legions of avid basketball fans.The Supreme Court decision overturns two previous verdicts in favor of the Chinese firm.However, it still allows the firm to continue using its logo of a silhouetted basketball player — which has similarities with the “Jumpman” logo used by Nike to promote its “Air Jordan” line of sports shoes. However the Supreme Court referred the case over the use of the logo for retrial by the State Intellectual Property Office. center_img In 2016, Jordan won the right to his name in Chinese characters, but the Supreme Court upheld the firm’s right to use its trademark “Qiaodan” in Romanized English.Qiaodan Sports said in a Weibo statement Tuesday that the ruling “would not impact the normal use of [its] existing trademarks, nor would it affect normal business operations.”Founded in 2000, the sportswear franchise operates more than 5,700 stores nationwide.It has also applied for nearly 200 similarly named trademarks including different Chinese spellings of “Qiaodan”, “Flying Power” and “Qiaodan King”, according to the verdict. In 2017, the sportswear brand New Balance was awarded $1.5 million in copyright damages by a Chinese court over its famous “N” logo, which was illegally copied by a local sports shoe firm. The verdict — a rare victory for a Western brand in a Chinese intellectual property infringement case — was announced shortly after US President Donald Trump launched a sweeping investigation into China’s record on intellectual property. The UN said this week that China became the world leader in international patent filings last year, unseating the United States, which had held the top spot for more than four decades.last_img read more

What team is better for Tom Brady: Buccaneers or Chargers?

first_imgMORE: NFL free agency trackerLocationThe Chargers are in Los Angeles, a glitzy destination that’s also home to Brady’s new Hollywood production company. The Bucs are in Tampa, on Florida’s underrated Gulf Coast — and also the host of Super Bowl 55. Advantage: ChargersVerdictThe Chargers have long been considered the best non-Patriots fit for Brady, but the Buccaneers win this tale of the tape, 5-3. They were a late-developing contender and, as they have pulled no punches in the process, should win the Brady bout by technical knockout. MORE: Brady rumors tracker: Latest free agency news, updates, projectionsTampa and Los Angeles are separated by 2,500 miles. But not much separates their NFL teams’ appeal for Brady, 43, who wants to be best positioned to battle for another Super Bowl.To help determine what’s the better fit for Brady, let’s do a Bucs-vs.-Bolts tale of the tape:CoachingAnthony Lynn is a well-liked coach who got his team to finish 12-4 just two seasons ago. Bruce Arians led playoff teams in Indianapolis and Arizona and got Tampa Bay to improve to 7-9 in his first year there. Both are offensive-minded with quarterback-friendly concepts. Schematically, Brady fits the Chargers’ system better; adjusting to the downfield passing ways of Arians will be a little more challenging. But Brady also adapts well, and Arians has proven he can adjust to different quarterback styles. Advantage: BuccaneersReceIving corpsThe Chargers have wide receivers Keenan Allen and Mike Williams, flanked by tight end Hunter Henry, who was franchise-tagged for return. Running back Austin Ekeler is also an exceptional receiver in the James White vein. The Bucs have elite wide receivers MIke Evans and Chris Godwin, and could bring back strong No. 3 Breshad Perriman on top of tight ends O.J. Howard and Cameron Brate. They also will be in the market for a better pass-catching back. Advantage: BuccaneersRunning gameThe Chargers are moving on from Melvin Gordon, but love how effective Ekeler can be. They also have capable backup Justin Jackson and will likely add a little more power in the draft. The Bucs won’t be re-signing Peyton Barber, and will need to upgrade to supplement or supplant Ronald Jones. Advantage: ChargersOffensive lineThe Bucs are shaky up front — especially on the edges where right tackle Demar Dotson is a free agent — so they need to land a top offensive tackle in the draft. The Chargers got better inside by trading for Trai Turner, but with Russell Okung on his way out, tackle is a high draft priority for them too. It’s close, but the Bucs get the nod for the better overall interior, and at least a viable incumbent left tackle solution in Donovan Smith. Advantage: BuccaneersMORE: What team will Brady be on? Breaking down NFL rumorsDefenseThe Chargers are loaded on every level, starting with Joey Bosa and Melvin Ingram and ending with Derwin James and Casey Hayward. But don’t sleep on the Bucs, who put together a dominant run defense for Todd Bowles last season. They also started getting better against the pass down the stretch, complementing a strong 3-4 edge pass-rush which now has Shaquil Barrett and Jason Pierre-Paul returning. Advantage: ChargersOrganizationThe Bucs haven’t made the playoffs in 13 years. But they have won a Super Bowl in the Brady era, 18 years ago. Beyond Arians, there’s also general manager Jason Licht, a former Patriots personnel director. Chargers owner Dean Spanos doesn’t have the best reputation. Advantage: BuccaneersConferenceThe Bucs are in the wide-open-yet-top-heavy NFC, which is ripe to give rise to a new best team in 2020. The Chargers are in the AFC, in the same division as the Super Bowl champion Chiefs. Advantage: Buccaneers Tom Brady is leaving the Patriots. That half of his NFL free agency question has been answered for 2020. The other half — what team he will play for next — remains the biggest storyline of the offseason.According to multiple reports, the Buccaneers, who aren’t that interested in keeping Jameis Winston, and the Chargers, who aren’t keeping Philip Rivers, are the strongest suitors.last_img read more