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Jan. 9, 2009

ECONOMIC CRISIS DOMINATES HEADLINES

MEDIA ALERT

Smith professor and sports economist Andrew Zimbalist will comment on the relationship between the sports economy and the "real" economy on the NEW YORK TIMES "Freakonomics" blog today at 2:30 p.m.

IN THE NATIONAL NEWS

WALL STREET JOURNAL, Jan. 9, 2009
Princeton cuts budget as endowment slides
Princeton University announced budget cuts to offset a steep expected drop in its endowment, becoming the latest wealthy college to institute austerity measures.

CHRONICLE OF HIGHER EDUCATION, Jan. 9, 2009
Weak economy could curtail flow of Indian students into the U.S.
Thanks to tightening credit markets and a global slowdown in economic growth, Indian students are finding it harder to secure loans to study abroad or are less willing to take on huge amounts of debt, according to Indian news reports.

ASSOCIATED PRESS, Jan. 8, 2009
China: Government to help college graduates
China announced a series of measures aimed at helping millions of recent college graduates find work amid the deepening impact of the global financial crisis.

IN SMITH NEWS

EDITOR'S NOTE: President Christ's Jan. 5 e-mail to the Smith community generated the following media coverage.

BOSTON GLOBE, Jan. 9, 2009
Smith aiming to cut $30m from budget
In light of the economic crisis facing the nation and the world, Smith is seeking to cut up to $30 million from its budget throughout the next three years.

See also:

ASSOCIATED PRESS, Jan. 8, 2009
Smith College weighing series of budget cuts

THE REPUBLICAN, Jan. 8, 2009
Smith College tightens financial belt

DAILY HAMPSHIRE GAZETTE, Jan. 7, 2009
Smith College faces as much as $30 million in cuts

BOSTON BUSINESS JOURNAL, Jan. 7, 2009
Smith College seeks millions in cuts

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