If he hadn?t been typing, U.S. News Editor Brian Kelly might have been playing the world?s tiniest violin when he described in his latest ?Editor?s Note? the budget problems plaguing America?s colleges and universities:
Some schools are tens of millions of dollars out of whack, and campuses are seething over proposed reductions in everything from free coffee (gasp!) to teaching assistants. Class sizes will rise; courses will be eliminated. Tenured faculty, of course, are off limits, which is one reason colleges defy rational management.
Despite the problems, Kelly offers a statement near the end of his column that might sound familiar to fans of economist Joseph Schumpeter:
But destruction creates opportunities, and more are emerging.
