Capital finance, once limited to financing physical plant, today includes all assets and aspects of institutional life. It now encompasses a wide range of approaches and techniques including pooled debt, capital leases, futures contracts, equity investments, and research partnerships. (MLW)

With passage of the Tax Reform Act of 1986, school systems became liable to the federal government for any profits earned on tax-exempt bonds. Understanding the requirements is essential for any board facing significant capital financing. Outlines requirements, exceptions to the rule, penalties, costs, and debt planning. (MLF)

Inspired by victories in the South African divestment movement and fueled by the Iran-Contra affair, student activists are intensifying the perennial crusade to ban Central Intelligence Agency (CIA) recruiters from campuses, but other students dislike the interference and the CIA says that job-seekers are increasing. (MSE)

A former college president and corporate foundation president examines moral and economic issues relating to college withdrawal of investments in South Africa, using the experiences of Harvard University and Exxon stock for illustration. (MSE)

This article presents a broad overview of the current employment situation in industrialized market economy countries and provides a general framework for examining some of the major employment issues confronting developed countries today. It argues for a broader approach to these issues and for a change in policy at the national level. (CT)

The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. With contributions from leading researchers, each Handbook presents an accurate,…

That college and university boards should have a policy on trustee conflict of interest is nearly universally accepted. Yet there is little consensus among institutions on just what the policy should be--and broad national consensus anytime soon is unlikely. Boards thus face a host of questions, many of which this document addresses, regarding…

This booklet examines the political events of the year 1912 in which the idea of the Federal Reserve System came into reality. Excerpts from reminiscences, letters and newspapers of the time give an inside look at the divergent forces and personalities that were brought together to form the central banking system of the United States. Sections of…

A survey of institutions' policies regarding supplementary annuity programs revealed information about program administration, eligibility, investment instruments, companies, admission patterns and policies, marketing controls, employee counseling, and information dissemination. (MSE)

Merrimack College (Massachusetts) has abandoned conservative strategies for investing its $16-million endowment, investing more in international stocks and bonds, real estate projects, and small companies to raise annual returns and increase endowment value. The small, Catholic college is heavily dependent on tuition. The diversification plan…

As a result of the economic crisis following the Arab/Israeli war of 1973, many developing countries cannot adequately finance quality education systems. Adjustment options in the education sector include increasing resources, improving the efficiency of current resources, developing cost efficiencies, and retrenchment. A foreign aid fund…

Explores critics' challenges to orthodox social science inquiry in educational finance, arguing that the Brimelow-Hickrod debates may inadvertently be more focused on tactical means and short-term risk shifting than strategic ends and long-term commonweal. The field's analytical tools may lack a sophisticated understanding of uncertainty,…

The article presents an econometric analysis of the interrelationships between law school tuition levels, law school quality, law faculty salaries, and the starting salaries of graduates. It then analyzes recent data and concludes that, while tuition increases have outpaced starting salaries, law school attendance is still a good investment.…

The history of higher education's attitudes toward and involvement in real estate is chronicled, and the University of Virginia's recent confrontation of these issues is explained. The university's planning process included employing a consulting firm that recommended policy and regional cooperative efforts. Results to date are described. (MSE)

Discusses the National Information Infrastructure and the role of the government. Topics include private sector investment; universal service; technological innovation; user orientation; information security and network reliability; management of the radio frequency spectrum; intellectual property rights; coordination with other levels of…