The Chronicle of Higher Education (subscriber site) reports this morning that UNC-CH raised $16.7 million in the month of February and has raised $1.432 billion (that’s $1,423,000,000) in its capital campaign whose goal it is to raise $1.8 billion by 2007.

Such success might explain why the university can allows certain conservative donors to be treated with contempt ? and why they couldn’t get any students independently to support that silly “Save Our System ? SOS!” rally (my crowd estimate was around 20 ? but I found out later all UNC system schools’ student body presidents came).

Nevertheless, it doesn’t explain why university leaders continue to act the part of Chicken Little every budgeting season, year after year after year after year …