What’s Happening With State Budgets and Higher Ed
more on finances in higher ed in this IMS blog
Students, employees scour college finances for waste, proof of unfair pay
As public confidence declines, university budgets and investments face growing scrutiny
But seldom has this level of attention from students and employees been so focused on the finances of their own campuses. It coincides with what polls disclose is falling public confidence in higher education. And given the results, it seems likely to create more, not less, mistrust.
Higher education has become a popular public target. Fifty-eight percent of people polled by the think tank New America
said colleges and universities put their own interests ahead of those of students. About the same proportion in a Public Agenda survey
said colleges care mostly about the bottom line, and 44 percent said they’re wasteful and inefficient. And a Gallup poll
found that more than half of Americans have only some, or very little, confidence in higher education.
We want to see greater transparency in how they spend our money. And it is our money, most of it,” since such a large percentage of the budget comes from tuition
Cryptocurrency scheme is part of wider UN effort to revolutionise aid with blockchain technology, increasing financial transparency
The UN’s children’s agency, Unicef, has launched a futuristic pilot project to utilise the cryptocurrency Ethereum to raise money for Syrian children.
the “blockchain” technology associated with the cryptocurrency – the world’s second largest after the controversial Bitcoin – to revolutionise not only how aid organisations raise money but also to increase transparency in their financial transactions.
Blockchain – which emerged as one of the underpinnings of Bitcoin – is a shared record of transactions maintained by a network of computers. It has become a key technology because of its ability to record and keep track of assets or transactions with no need for middlemen.
With a valuation of some $88bn (£62bn), Ethereum – which launched in 2015 – has an equivalent market value to Starbucks, according to Forbes magazine
The World Food Programme (WFP) has used Ethereum to deliver $1.4m in food vouchers, via the use of iris recognition scanners in camp supermarkets, to around 10,000 Syrian refugees in Jordan,
more on cryptocurrency in this IMS blog