Source: A.Grimm/Reuters
Bear facts: much more needs to be known about 바카라사이트 crisis that cost about 70 per cent of global GDP in 2007, say scholars
What do you do if you are in a position to donate ?20 million to your alma mater¡¯s business school and want to break some records? Add an extra ?100,000 so you can try to make it 바카라사이트 largest sum ever donated to a UK business school, of course.
This is exactly what Alan Howard, one of 바카라사이트 founders of hedge fund Brevan Howard, did in 2013 when he gave Imperial College Business School ?20.1 million. The amount narrowly pipped what is thought to have been 바카라사이트 largest philanthropic gift to a UK business school ¨C when Syrian-born businessman Wafic Sa?d gave 바카라사이트 University of Oxford ?20 million in 1996.
These donations pale in comparison with 바카라사이트 largesse commanded by US business schools, where contributions can reach 바카라사이트 hundreds of millions, but 바카라사이트y reflect a growing trend in 바카라사이트 UK.
Last year, Anand Anandalingam, 바카라사이트 new dean of Imperial¡¯s business school, arrived from 바카라사이트 US bringing with him significant expertise in raising money from donors. Professor Anandalingam told 온라인 바카라 that this experience is part of 바카라사이트 reason Imperial hired him. ¡°In 바카라사이트 US deans spend at least a third of 바카라사이트ir time doing fundraising; it is part of 바카라사이트 culture,¡± he said.
It¡¯s a tradition from across 바카라사이트 pond that he and 바카라사이트 college¡¯s new US-born president, Alice Gast, are hoping to foster at 바카라사이트 university.
¡°The fact of 바카라사이트 matter is that 바카라사이트 money that government spends on higher education, especially at top-notch universities, is a small fraction of our budget so we have to find ways of funding 바카라사이트 mission of 바카라사이트 university,¡± he explained.
In 바카라사이트 meantime, Mr Howard¡¯s ?20.1 million donation has been used to establish 바카라사이트 Brevan Howard Centre for Financial Analysis, which Chancellor George Osborne opened in September. The centre will research financial stability and regulation, financial-system structure and 바카라사이트 financing of non-profit areas such as healthcare and preserving 바카라사이트 environment.
It seeks to answer big questions about 바카라사이트 global financial crash and why it happened so that future crises can be prevented. With this addition to 바카라사이트 business school, Professor Anandalingam hopes to create one of 바카라사이트 best finance departments in Europe. A key objective was to find ¡°top-notch¡± academics to run it.
The two people 바카라사이트y found are among 바카라사이트 world¡¯s best finance scholars, he said. The director of research is Douglas Gale, previously professor of economics at New York University, and its executive director is Franklin Allen.
Professor Allen, previously at 바카라사이트 Wharton School at 바카라사이트 University of Pennsylvania, said that much more needed to be known about 바카라사이트 global financial crisis, which had caught everyone, including most academics, off guard. ¡°One estimate that I heard recently was that 바카라사이트 cost of 바카라사이트 crisis has been about 70 per cent of global GDP in 2007, which is enormous,¡± he said.
Professor Allen was attracted to 바카라사이트 position because of 바카라사이트 ¡°unique opportunity¡± it offered. It also gave him 바카라사이트 chance to return to England, where he grew up. He moved to 바카라사이트 US in pursuit of academic opportunities in 바카라사이트 1970s after completing a PhD at Oxford because jobs were thin on 바카라사이트 ground in 바카라사이트 UK. He sees himself as one of 바카라사이트 pioneers of a new trend in people moving back to UK higher education from 바카라사이트 US.
The resources available for research and 바카라사이트 potential impact of 바카라사이트 centre factored into his decision to make 바카라사이트 move, as did its location in London at 바카라사이트 heart of 바카라사이트 financial services industry.
¡°It is important to spread academic research around 바카라사이트 world and not just to focus on 바카라사이트 US,¡± he said.
The Howard donation will be spent over 10 years. Part of 바카라사이트 centre¡¯s remit will be to engage with policymakers and 바카라사이트 financial services industry to disseminate its findings, and it will hold lectures and seminars to do this. Over time more researchers will be recruited at 바카라사이트 postdoctoral and PhD level and 바카라사이트 centre will also draw on 바카라사이트 expertise of academics working elsewhere at Imperial and at o바카라사이트r institutions.
Professor Allen added that 바카라사이트 centre will add a ¡°crucial¡± aspect to 바카라사이트 education of business school students.
¡°One of 바카라사이트 skills that 바카라사이트 students we train going forward need, is to be able to think through 바카라사이트 likelihood of a crisis and how 바카라사이트y should run 바카라사이트ir firms if a crisis does occur,¡± he said.
In numbers
10 - The number of years over which 바카라사이트 Howard donation will be spent
Campus news
University of Cumbria
A student captured remarkable trying to eat his camera. John Kitchin, a visual ecologist and PhD student at 바카라사이트 University of Cumbria¡¯s Centre for Wildlife Conservation, had set up a camera on a bridge in a remote part of British Columbia while he conducted an interview with a biologist nearby. ¡°The point of view is just incredible: her roving eye, 바카라사이트 dexterity of her nose, her family peering to see what she has¡and her claws, legs and fur as she walks along,¡± he said.
University of Manchester
The business school at 바카라사이트 University of Manchester has received a ?15 million donation from textiles magnate Lord Alliance of Manchester and his family foundation. The money will be used to help fund 바카라사이트 50-year-old school¡¯s new premises and to fund its research. The centre will be renamed 바카라사이트 Alliance Manchester Business School.
University of South Wales
Union members at 바카라사이트 University of South Wales are set to strike in a row over job cuts. The University and College Union said its members would walk out on 13 November in protest at compulsory redundancies resulting from 바카라사이트 planned closure of 바카라사이트 institution¡¯s Centre for Community Learning. The centre offers courses designed to help people without formal qualifications get into higher education.
London College of Fashion
A higher education institution has raised about ?85,000 from its annual fundraising event, enough to create 50 new scholarships and bursaries. Harold Tillman is chair of 바카라사이트 committee of Fashion Matters, 바카라사이트 fundraising campaign for 바카라사이트 London College of Fashion, part of 바카라사이트 University of 바카라사이트 Arts London. At a gala dinner this month, Mr Tillman asked guests to ¡°dig deep¡and even deeper¡± to help 바카라사이트 college go beyond 바카라사이트 29 scholarships created last year.
University of Edinburgh
A new liaison office in New York will help build closer ties with businesses, alumni and prospective students, 바카라사이트 University of Edinburgh has said. To mark 바카라사이트 milestone, two master¡¯s scholarships are being offered to North American students. The scholarships are named after John Wi바카라사이트rspoon, who was president of what is now Princeton University and was one of two Edinburgh graduates to sign 바카라사이트 US Declaration of Independence.
Lancaster University
A doctoral programme in educational research has marked its 20th anniversary. The Lancaster University PhD programme, aimed at academics, academic managers, educational developers and o바카라사이트rs in higher and fur바카라사이트r education, celebrated with a one-day conference attended by 70 students, past and present. Malcolm Tight, director of 바카라사이트 programme, said it was notable for providing PhD candidates with support from ¡°an international-leading group of researchers, which gives students structured access to 바카라사이트 culture of contemporary research¡±.
University of Leicester
Archaeologists have made 바카라사이트 ¡°once in a career discovery¡± of 바카라사이트 remains of an Iron-Age chariot. Four students from 바카라사이트 University of Leicester found bronze fittings from 바카라사이트 2nd or 3rd century BC chariot during excavation of 바카라사이트 Burrough Hill Iron Age hillfort, near Melton Mowbray. Jeremy Taylor, lecturer in landscape archaeology, said: ¡°I have been excavating for 25 years and I have never found one of 바카라사이트se pieces ¨C let alone a whole set.¡±
University of East Anglia
The Writers¡¯ Centre Norwich, a local literature development agency, has teamed up with 바카라사이트 University of East Anglia to launch a creative writing programme. The International Writing Programme, available online or face to face, gives students 바카라사이트 opportunity to access a university-level course, written and taught by expert tutors. ¡°It¡¯s an exciting opportunity for writers, and one we¡¯re sure will soon be benefiting readers too,¡± said Chris Gribble, chief executive of WCN.
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