Major public cultural institutions in Greece are on the point of collapse, say leading Greek art professionals, as concerns mount that the country faces insolvency after 61% of the population rejected bailout proposals earlier this week made by international creditors. — theartnewspaper.com
This week, the U.S. Department of Education will release data on the percentage of borrowers who have defaulted on federal student loans over the last three years. Schools with high rates of default face consequences. [...]
Is default the student’s burden? Or the institution’s? And the federal government doesn’t always consider a would-be borrowers’ credit risk the way private lenders can. — marketplace.org
The Working Group plan puts forward a number of recommendations that are worth pursuing under any financial model. However, we believe that the contingencies and risks inherent in the proposals are too great to supplant the need for new revenue sources. Regrettably, tuition remains the only realistic source of new revenue in the near future. — Richard S. Lincer, chair of The Cooper Union Board of Trustees
David Harvey, theorist and author of Rebel Cities: From the Right to the City to the Urban Revolution, says that postwar capitalism can be understood with reference to the history of urbanisation and suburbanisation. Urban investment gets you out of a crisis but defines what the next crisis is going to look like, he argues. The emerging powers of the east are now in the midst of a massive urbanisation project and could fall victim to the same outcome. — guardian.co.uk
Inspired by artificial structures for marine environments, Burt developed a conceptual array of Olympic facilities, including a stadium, that could be transported along waterways and moored in major port cities. — news.discovery.com
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