At some prestigious institutions like the Universities of Virginia or Michigan, state government funds make up roughly 10 percent or so of the budget not chump change, but far less of a factor in financing the enterprise than a generation or more ago when the proportion was 20 or even 30 percent.
Yet moving toward any form of democratic rule in Iraq will be even more difficult than it was in the Balkans, experts contend, where at least some democratic institutions existed, dating from the early 20th century.
Put another way, Britain's universities are free to market themselves globally saying: 'you can come and study here at some of the finest institutions anywhere in the world - and you can stay and work in a graduate job after you leave.
Louis, and one of the leaders of the project, which involved some 200 researchers at 80 institutions.
At the peak, these institutions held some 13 percent of all listed shares.
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The worst excesses of owners, who can act on a whim to often disrupt and damage the course of some of the long established institutions at the heart of communities, can be curbed by what is basically a democratic, rather than autocratic structure.
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In their new book they look at how it is shaking up some of the core institutions of modern society: the media, universities, government and so on.
The scene is apparently a bit like a school disco - and don't pretend you can't remember those vividly - with some institutions talking to several potential partners at once about possible mergers, some openly, some behind the scenes and some with a sinking feeling in the stomach and a brave look on their face.
But his success so far has been due to achieving at least some across-the-board support, based on stronger political institutions rather than personal leadership.
In both cases some of the money is returned to participating institutions, but, at present, it is insufficient to cover the costs of course development.
Then again, maybe that is what the ICA should be doing, and it is now time for some of the other bigger, more established institutions to take a look at themselves?
With major bank stocks trading at below book value today, the deal offers some questions about the ability of lending institutions to find earnings value in the near term, with the federal funds interest rate still near zero.
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During part of his response he spoke about shielding smaller, community banks from some of the more stringent requirements designed to rein in risk-taking at systemically important institutions.
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Some universities may be tempted to gamble on weaker institutions being unable to fill their places at the new higher prices.
But I think that the most important thing at this point is to work with the institutions we have to see if we can rebuild the trust that for some time had been lost.
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