IF LOVE IS IN THE AIR IN FEBRUARY, IT SURE HAS SOUR company this year. More and more campus administrators are contemplating—or already living with—budget cuts, hiring freezes, and other tough financial decisions.
THE WORLD’S FINANCIAL markets spent the latter part of 2008 in an unprecedented state of volatility. Pictures of frazzled and depressed traders became one of the worst clichés in the news because they seemed to run every day.
