tag:blogger.com,1999:blog-5613349802102193582.post4951176064810835002..comments2023-12-22T23:56:04.826+11:00Comments on Houses and Holes: Links Oct 20: Policy chaosDavid Llewellyn-Smithhttp://www.blogger.com/profile/01762856583909059662noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5613349802102193582.post-43623253459156035722010-10-20T17:32:59.308+11:002010-10-20T17:32:59.308+11:00Nobody knows just how bad it will get, but they...Nobody knows just how bad it will get, but they're preparing for the worst if the international student market drops 50% or more in the next few years. The loss in income is somewhat offset by the purchasing power of our dollar, however. For example the IT department can purchase software and hardware for less, service charges to some vendors are in $USD so there's more left in those budgets to purchase new products and the library is subscribing to almost every online database they possibly can. So while the university's income takes a hammering on the income side of our balance sheet we can handle cuts to certain budgets on the expenses side because the high $AUD improves our purchasing power. I don't know if anyone has done in-depth number crunching or econometric modelling of exactly how such a high dollar will impact our business, but we're sure the net result will be very bad for the University.Torchwood1979noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-23731583287941266752010-10-20T15:11:30.662+11:002010-10-20T15:11:30.662+11:00Sorry to hear that, Torch. Can I suggest you buy y...Sorry to hear that, Torch. Can I suggest you buy your colleagues a hard hat as they depart. Perhaps one like mine...David Llewellyn-Smithhttps://www.blogger.com/profile/01762856583909059662noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-26180459340628658022010-10-20T14:11:43.830+11:002010-10-20T14:11:43.830+11:00Dutch Disease is definitely taking hold of the Hig...Dutch Disease is definitely taking hold of the Higher Education sector (we need to remember this includes TAFEs and private colleges as well as universities). Last week the directors in our division were asked to prepare reports detailing how their sections would handle budget cuts in the hundreds of thousands of dollars, should the need arise. Thank goodness I'm now permanent. Spent over five years as a contract staff member during the good times but I wouldn't feel too safe right about now if I was still living quarter to quarter on whatever contract came my way.Torchwood1979noreply@blogger.comtag:blogger.com,1999:blog-5613349802102193582.post-87974636790885050452010-10-20T07:42:19.424+11:002010-10-20T07:42:19.424+11:00The "BOE QEIII fail. Bloomberg" link is ...The "BOE QEIII fail. Bloomberg" link is broken.<br /><br />Oh and did you see this? <a href="http://www.abc.net.au/insidebusiness/content/2010/s3040409.htm" rel="nofollow">Universities get the Dutch Disease</a>The Loraxnoreply@blogger.com