Showing posts with label Northeastern University. Show all posts
Showing posts with label Northeastern University. Show all posts

Thursday, July 23, 2015

HAPPY MISERS! Colleges Across Boston Refuse To Pay For Basic City Services

Daffy Duck with lots of gold YouTube screenshot screenshot/What Tunes You OnA bunch of fancypants colleges and universities in Boston blatantly fail to pay voluntary fees for essential services provided by the taxpayers, such as police protection, fire protection and snow removal, an analysis by The Boston Globe reveals.
The private schools and their ultra-valuable campuses are tax-exempt by law. However, the city of Boston sends each school a bill twice a year, which requests — but does not demand — payment for basic services rendered.
Out of the 19 schools the Beantown municipal government asks for payments, only six gave even as much as half of the amount sought. The remaining 13 provided less than half — and often way less than half.
At Harvard University, school officials chose to contribute just 44 percent of the amount the city of Boston sought in 2015.
Harvard’s endowment is $36.4 billion. It is larger than the entire gross-domestic product of Jordan and, in fact, larger than half the economies on the planet.
In 2010, Harvard Magazine published a 5,342-word article entitled “Time to Tax Carbon.”
Other schools in Boston were similarly miserly this year when asked to pay any share for services.
Boston College gave just 23 percent of the amount Boston’s officials have sought, for example.
Northeastern University provided just 11 percent of the amount requested.
Northeastern’s endowment of $713 million is about the same as the annual GDP of the archipelago island nation of Comoros.
In March of this year, the Globe reported contemporaneously, officials at Northeastern made a late payment of $886,000 for essential services in the face of criticism.
Before that, the private school had provided exactly nothing at all for its share of city services.
In 2013, the director of Northeastern’s Dukakis Center for Urban and Regional Policy signed a statement backing then-Gov. Deval Patrick’s plan to increase income taxes for Massachusetts residents.
“We believe there needs to be a significant increase in investment to make sure we remain economically competitive,” the director, Barry Bluestone, told the Globe at the time.
Boston’s four-year-old program of voluntary taxes asks private, tax-exempt institutions which hold property worth over $$15 million to pay for the basic amenities the city provides.
Not all the wealthy private schools in town have been so stingy. For example, Boston University ponied up 86 percent of its voluntary payment. That amounts to over $6 million.
Tufts University paid its full amount of $491,400.
Other nonprofits, such as hospitals, have paid far more generously than colleges and universities have under the program.

Monday, September 16, 2013

EMPLOYMENT GAP BETWEEN RICH, POOR WIDEST ON RECORD

AP PhotoWASHINGTON (AP) -- The gap in employment rates between America's highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago, according to an analysis of government data conducted for The Associated Press.

Rates of unemployment for the lowest-income families - those earning less than $20,000 - have topped 21 percent, nearly matching the rate for all workers during the 1930s Great Depression.

U.S. households with income of more than $150,000 a year have an unemployment rate of 3.2 percent, a level traditionally defined as full employment. At the same time, middle-income workers are increasingly pushed into lower-wage jobs. Many of them in turn are displacing lower-skilled, low-income workers, who become unemployed or are forced to work fewer hours, the analysis shows.

"This was no `equal opportunity' recession or an `equal opportunity' recovery," said Andrew Sum, director of the Center for Labor Market Studies at Northeastern University. "One part of America is in depression, while another part is in full employment."

The findings follow the government's tepid jobs report this month that showed a steep decline in the share of Americans working or looking for work. On Monday, President Barack Obama stressed the need to address widening inequality after decades of a "winner-take-all economy, where a few do better and better and better, while everybody else just treads water or loses ground."

Via: AP

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