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<blockquote data-quote="RLR" data-source="post: 249900" data-attributes="member: 486"><p>Assuming, of course, that interest rates don't rise rapidly and the current federal student loan system doesn't go bust. Once private schools lose the ability to attract any student who wants to come and can only target those with a big enough trust fund or credit to attend, it won't be fun to be Emory.</p><p></p><p>Law schools and medical schools are already facing serious financial threats. Law schools because enrollment is down and there's no undergrad support (and it's a scam). Medical school is down for more complex reasons but basically they are losing the benefits of a lot of private money and research money that is now being rerouted to more efficient units.</p><p></p><p>Being public has probably helped GT the past decade. It's one hell of a value, relative to what private schools costs. . . even though yeah state funding as a percentage of expenditure is wayyyyyyyyyy down since like 2001. thanks older generation for underfunding your health care entitlements <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" />. But no, seriously. all the money that used to go to education has already been sucked out to pay for health care. nothing left to suck. and we're still dangerously underfunded.</p><p></p><p>There's a few exceptions, but most elite private schools are not positioned well for the future. The liberal arts schools saw the rise of technology and the university as the driver of the economy a long time ago. And, theology, poetry, and all the other majors we make fun of realized this a long time ago. They rigged the game for the intra school governing rules in the 70s. Tenure, university governance, all that. Stanford is the most obvious exception. Their tenure guidelines are maybe 1 page long. I think yale's are 200 pages.</p><p></p><p>Moreover, most private schools (John Hopkins, MIT, a few others excluded) have relied solely on their huge endowments. which have grown at like idk 20% returns the past few years . . . idk. I'm so depressed i dont want to go into details but the macro economy has never been this scary IMO. these endowments will be hit hard if assets prices tumble. It could be in 2 months. it could be in 6 years. But unless we design and implement a radically new economic model, the only other option seems to be war... put it this way - I never thought universal income would ever seriously be considered in my lifetime. I know thinks there's a small chance it actually may. Because there really arent any other options.</p><p></p><p>Point being, GT may have benefitted from being public all these years. I hate on GA conservatives on a lot of issues, but in terms of fiscal responsibility and giving us some financial flexibility, I tip my hat and eat my crow. I've actually thought that GT is a top 5 school in the nation for the past 5 or so years. I still do. (read the formula for US News. It's a joke). GT and Atlanta are one of the few places where economic growth even seem like a possibility. We're very good at being public but with private units to increase efficiency. Emory will not be able to survive without GT. you can't just build our assets overnight. GT was built for the 21st century in the 19th century. I love our school, even though our sports teams can be rubbish. I love the alumni. Ya'll are some jolly good fellows.</p><p></p><p>Read about the <strong>Big South data hub.</strong> This type of economic arrangement is the only hope for the future of the U.S. economy. And if people realize this and we transform the economy before it's too late, GT is a top 5 school, IMO.</p><p></p><p>As for real estate, I think we have some talented people pulling strings for us. Nanotech building, i believe, required us getting a state constitutional amendment passed. We bought up alot of property on spring street from like 14th to north w/o anyone knowing. The crumm and foster building never had a chance. And I believe we've done well buying up westside properties. actually i haven't heard much news their. . . the cynic in me tells me that this means that people bought up properties and are now rent seeking. I doubt GT will play that game. So, with the beltline coming through the westside and new falcons stadium, i'm guessing that we will see "public interest" enforcement against "slum landlords" and probably a quick little war on drugs and gangs. seize up the properties we can with eminent domain. use the short bad news cycle to drive prices low. buy up more. then drop the hammer. some major, multi use, neighborhood redevelopment project. something massive with too much money and too many people getting money that no one looks closely. then boom. you've got it all. . . idk if that's what's going on. idk if that would be or good or bad thing. I just know that's what I would do. And no one in this city knows anything about how **** works. (not yall but just like ppl reading the AJC). Atlanta is pretty much an anarchist's playground.</p></blockquote><p></p>
[QUOTE="RLR, post: 249900, member: 486"] Assuming, of course, that interest rates don't rise rapidly and the current federal student loan system doesn't go bust. Once private schools lose the ability to attract any student who wants to come and can only target those with a big enough trust fund or credit to attend, it won't be fun to be Emory. Law schools and medical schools are already facing serious financial threats. Law schools because enrollment is down and there's no undergrad support (and it's a scam). Medical school is down for more complex reasons but basically they are losing the benefits of a lot of private money and research money that is now being rerouted to more efficient units. Being public has probably helped GT the past decade. It's one hell of a value, relative to what private schools costs. . . even though yeah state funding as a percentage of expenditure is wayyyyyyyyyy down since like 2001. thanks older generation for underfunding your health care entitlements :). But no, seriously. all the money that used to go to education has already been sucked out to pay for health care. nothing left to suck. and we're still dangerously underfunded. There's a few exceptions, but most elite private schools are not positioned well for the future. The liberal arts schools saw the rise of technology and the university as the driver of the economy a long time ago. And, theology, poetry, and all the other majors we make fun of realized this a long time ago. They rigged the game for the intra school governing rules in the 70s. Tenure, university governance, all that. Stanford is the most obvious exception. Their tenure guidelines are maybe 1 page long. I think yale's are 200 pages. Moreover, most private schools (John Hopkins, MIT, a few others excluded) have relied solely on their huge endowments. which have grown at like idk 20% returns the past few years . . . idk. I'm so depressed i dont want to go into details but the macro economy has never been this scary IMO. these endowments will be hit hard if assets prices tumble. It could be in 2 months. it could be in 6 years. But unless we design and implement a radically new economic model, the only other option seems to be war... put it this way - I never thought universal income would ever seriously be considered in my lifetime. I know thinks there's a small chance it actually may. Because there really arent any other options. Point being, GT may have benefitted from being public all these years. I hate on GA conservatives on a lot of issues, but in terms of fiscal responsibility and giving us some financial flexibility, I tip my hat and eat my crow. I've actually thought that GT is a top 5 school in the nation for the past 5 or so years. I still do. (read the formula for US News. It's a joke). GT and Atlanta are one of the few places where economic growth even seem like a possibility. We're very good at being public but with private units to increase efficiency. Emory will not be able to survive without GT. you can't just build our assets overnight. GT was built for the 21st century in the 19th century. I love our school, even though our sports teams can be rubbish. I love the alumni. Ya'll are some jolly good fellows. Read about the [B]Big South data hub.[/B] This type of economic arrangement is the only hope for the future of the U.S. economy. And if people realize this and we transform the economy before it's too late, GT is a top 5 school, IMO. As for real estate, I think we have some talented people pulling strings for us. Nanotech building, i believe, required us getting a state constitutional amendment passed. We bought up alot of property on spring street from like 14th to north w/o anyone knowing. The crumm and foster building never had a chance. And I believe we've done well buying up westside properties. actually i haven't heard much news their. . . the cynic in me tells me that this means that people bought up properties and are now rent seeking. I doubt GT will play that game. So, with the beltline coming through the westside and new falcons stadium, i'm guessing that we will see "public interest" enforcement against "slum landlords" and probably a quick little war on drugs and gangs. seize up the properties we can with eminent domain. use the short bad news cycle to drive prices low. buy up more. then drop the hammer. some major, multi use, neighborhood redevelopment project. something massive with too much money and too many people getting money that no one looks closely. then boom. you've got it all. . . idk if that's what's going on. idk if that would be or good or bad thing. I just know that's what I would do. And no one in this city knows anything about how **** works. (not yall but just like ppl reading the AJC). Atlanta is pretty much an anarchist's playground. [/QUOTE]
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