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Alex Palazzo is an Assistant Professor in the Department of Biochemistry at The University of Toronto.


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« I'll be hosting the 4th Molecular and Cell Biology Carnival on December 14th | Main | Quote of the Day »

Financial Woes Hit Universities

Category: Lab Life
Posted on: December 9, 2008 1:42 PM, by Alex Palazzo

I don't have much time today so I'll tell you a quick story and give you a collection of links.

Harvard's big endowment loss has been the main topic of conversation around the campus for the past week. For example, last Friday, my wife and I were fortunate to get two tickets to see the Emerson Quartet perform at the NEC. Next to us one of our companions for the night, a professor who gave us his extra tickets, was joking about how Harvard could save money by firing certain individuals and turning the Harvard owned Alston property into a theme park. At that moment a lady sitting right in front of us turned around and exclaimed, "that's a good idea!"

Two lessons here:
1) Everyone is very worried as colleges across the country are under tight financial pressure. Postdocs looking for faculty positions will have a tough time this year.
2) If you are in Boston/Cambridge, watch out! You never know if the person sitting in front of you is a Harvard professor.

NPR's Onpoint: Colleges in Trouble
Boston Globe: Harvard's endowment plunges $8 billion
Harvard Crimson: Faculty of Arts & Sciences Freezes All Faculty Salaries, Cuts Searches

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Comments

1

"Postdocs looking for faculty positions will have a tough time this year"

Tell me about it. I picked the wrong year.

Posted by: MRW | December 9, 2008 2:04 PM

2

Read the comments for the Boston Globe piece. Not much in the way of sympathy for the big crimson H.

Posted by: Byron | December 9, 2008 11:17 PM

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