The University of Texas' "Appeal"s Process

William Powers Jr., the president of the University of Texas, plans to cut parts of the university's budget to free up enough money to apply towards the attraction of new faculty members and students. He intends to use 1 percent of the budget, roughly $19 million, for the salaries of faculty and graduate student stipends, but still requires the support from the deans, department chair holders, and other faculty members.
Other universities are trying the same thing, causing much competition in the process. These competitors include the University of Michigan, the University of California, Berkeley, and Princeton.
Powers is considering cutting a few conferences and other programs, and possibly getting rid of some underused buildings. But why spend more money on hiring new staff and attracting new students if you plan on trimming the size of the campus? Won't that make the classroom situation somewhat cramped? I'm no expert on the matter, but won't that make the University seem less appealing, thus defeating the whole purpose of redirecting the funds?


UT President Calls For Shifting Money To Attract Talent

The Massive Mattel Recall

In the past few months Mattel has recalled over 800,000 units due to the discovery that many of the company's products contained over the regulated amount of lead-based paint. Under the current regulations, any product containing .06 percent of lead is subject to a recall. Mattel has just issued it's third recall in a little over a month, and now other companies are becoming nervous of they're toy sales for the upcoming holiday season dropping. With more than 80% of the world's toys being made in China, companies are afraid that consumers will turn away from the toys displaying the country's name.
Last June, RC2 Corp., another large toy company, voluntarily recalled over 1 million wooden railroad toys and parts from the Thomas & Friends product line. More companies are now doing the same since it was discovered that any toy made in China between January 2005 and April 2006 has a high possibility of containing lead. This discovery will drastically affect 21 other retailers.