Brexit would leave universities financially vulnerable

first_imgUniversities would be one of the most vulnerable public bodies if Britain left the European Union (EU), according to Moody’s.Having already warned of the economic effects of a Brexit, the ratings agency has now issued a warning for universities and Transport for London (TFL) were we to cut ties with the EU, resulting in a potential withdrawal in funding.The agency pointed out that universities in the UK receive “significant” research funding from the EU, which has increased “appreciably in recent years”.Between 2007 and 2013, the UK received 22 per cent of total European research funding available under a programme known as Framework Programme Seven, which was more than any other country in the EU.Britain’s contribution towards European research was £5.4 billion but it received £8.8 billion back, according to figures from the Office of National Statistics,Although they do expect that the government would want to make up some of those funds lost if Britain did leave the EU, it has strong suspicions that the funding gap could not be filled entirely.Moody’s stated, “The UK is a net recipient of EU research funds. We would expect the UK government and other sources would make up some of the funding in the event of an exit, but the loss is unlikely to be compensated in full.Oxford University’s Chancellor, Lord Patten, also warned Oxford University could drop in the world rankings if Britain were to leave the EU.He commented, “If you ask serious scientists and academics whether we are better off inside the EU or outside, they would overwhelmingly answer ‘it’s a no brainer.’“I am not saying that we suddenly will fall into a lower division if we left the EU, but it would be much more difficult both to get the funding we require and to be linked in to the best research of the EU. Without EU funding the research would have gone down in the last few years. What has actually kept us ahead is our research funding.” Labour MEP Anneliese Dodds told Cherwell, “I agree that leaving the EU could have a considerable impact on universities in the UK. Oxford University and Oxford Brookes received over £60 million between them from the EU in 2014/15, and students at both universities benefit from Erasmus schemes and grants if they want to spend a year studying in another EU country.”“Oxford University has also been allocated the largest ever loan to a university from the European Investment Bank of £200 million. Most, if not all, of this funding would be lost if we left the EU – and if we want to maintain our reputation for excellence in higher education, it’s not a risk we can afford to take.”Lord Marks of Henley-on-Thames, the Liberal Democrat Justice Spokesperson and a leading campaigner for Remain, who came to speak in Oxford right at the beginning of the campaign, commented, “The EU has also enabled academic exchanges between Europe’s great universities and widespread co-operation in research projects in many different fields.“These are among the reasons why leading academics in the UK are overwhelmingly in support of our remaining in the EU. It is also why the majority of Europe’s academics are profoundly concerned about the prospect of our leaving.”Freddie Hopkinson, Vice Chair (Media) for Oxford Students for Europe (OSFE), told Cherwell, “Moody’s’ claim highlights quite how important continued EU membership is for our university, as well as for research establishments across the country. OSFE will continue to campaign to make sure as many members of the University vote to stay in, protecting this vital stream of research funding. Alongside Oxford University, OSFE has already acknowledged the huge benefits membership of the EU provides for Britain’s universities- Moody’s’ claim dramatically reinforces this point.”A few weeks ago, Oxford University released a statement expressing its support for the Stay campaign, saying, “While recognising that individual members of the University will hold different views on the Referendum, and while encouraging open debate on the issue, the University’s Council wishes to affirm the value that the UK’s membership of the EU provides to the University.”Oxford University has been contacted for further comment.last_img read more

4 roadblocks you can overcome for your first million dollars

first_imgLearn and understand how money worksby: Brandon Turner, EntrepreneurRelaxing vacations on the French Riviera, huge donations to your favorite charity and an early retirement. These are the kinds of things people think of when they hear the word “millionaire.”It’s unlikely you’ll ever experience that. Sorry.Unless, of course, you can overcome the following four roadblocks stopping you from achieving millionaire status. Each roadblock below also offers an “immediate action step” to help you overcome the things holding you back. Let’s get started.1. You don’t understand how money works.Money is not a complicated topic, but still, few seem to really understand how it works. Do you? Sure, you can blame the school system or your parents, but the responsibility is still on you to figure out how money is made, how it is held, how it is invested and how it is preserved. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Charlie Nicholas dismisses Chelsea’s top-four hopes and predicts ‘pain and suffering’ for Frank Lampard

first_imgCharlie Nicholas dismisses Chelsea’s top-four hopes and predicts ‘pain and suffering’ for Frank Lampard Advertisement Metro Sport ReporterFriday 16 Aug 2019 11:02 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link658Shares Comment Lampard speaks to the press after losing 4-0 to Man UtdTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 5:14FullscreenLampard speaks to the press after losing 4-0 to Man Utd is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘It has been a change of circumstances at Leicester and massively so at Chelsea.‘This weekend is about Lampard getting his team over the line. It is going to be a rollercoaster ride of a season and they will not make the top four.‘I am going to go for a surprise score in this one, 2-1 to Leicester. This is not a negative throw towards Lampard, I wish him well.‘This team will just take time to truly understand what they are, and they will be more exposed at home than away from home in my opinion.’More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves Advertisement Frank Lampard has been told to expect ‘pain and suffering’ at Chelsea (Picture: Getty)Arsenal hero Charlie Nicholas has dismissed Chelsea’s top-four hopes and predicted ‘pain and suffering’ for manager Frank Lampard.Blues legend Lampard replaced Maurizio Sarri at Stamford Bridge this summer after leaving his role at Derby County.Chelsea were thrashed 4-0 by Manchester United in Lampard’s first Premier League match in charge and Nicholas feels the Blues will also be beaten by Leicester City on Sunday.‘I see pain and suffering for Chelsea,’ the Gunners great told Sky Sports.ADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘Frank Lampard is playing youth team players at Old Trafford because he is left with no other scenario, but his anger at not being able to drag people off the treatment room is a reflection of where Chelsea are but also where Leicester are.AdvertisementAdvertisement‘Brendan Rodgers will play pass and move, pass and move, but this is different, this is Leicester.‘He has lost Harry Maguire, which was a great deal for Leicester. Is he going to change from what we saw at the latter end of last season? Yes he will, but it will take time.‘Ross Barkley will struggle here, because Leicester keep the ball well and move it, so he will see less of the ball to make things happen.last_img read more


first_imgA Donegal family are on the pig’s back and it’s all down to their new family pet.The Coyles never had a minute’s luck before Glen the Pig arrived at their home in Newtowncunningham.But all that has changed and now they are set to appear on tonight’s episode of RTE’s Winning Streak-y! They have won everything from hampers to free gym memberships and they put it down to Glen, the pot-bellied pet pig’s arrival.“Like all families things have been tight and they still are.“But things are much better now that Glen has arrived. I even got a call last week to say I had won a six month gym membership and I hadn’t even entered a competition.“My wife fell in love with him when she saw him at my brother’s Martin house and he told her to take the pig with her. “Now we’re heading to Dublin for Winning Streak and things just couldn’t get better. Yep, we’re on the pig’s back,” laughed shower installer Gerry.The family had planned to bring Glen to Dublin for the Winning Streak show but couldn’t get him to stay easy in a harness.“He’s a lovely wee thing and we thought he might bring us even more luck if we brought him with us.“But he went a bit mad when we tried to put a harness on him. Besides, I don’t think the people in RTE would be too happy to see a pig coming into the studio,” he said.Gerry, wife Mary T and their six children Ciara, 15, Aine, 13, Erin, 11, Caoimhe, 7, Treasa, 6 and Seosaimh, 4, will all pile into a mini-bus and head to Dublin to “bring home the bacon” today. Gerry said what ever they win will be a bonus but he plans to finish off his house.“I would like to get the outside of the street done and we have plenty of bills to be paid.“If we did really well then I would love to take all the kids to Disneyland.“We’re just delighted that we have been given the chance,” he said. EndsDONEGAL COUPLE HOPING TO ‘BRING HOME THE BACON’ ON WINNING STREAK-Y! was last modified: January 28th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Gerry CoyleGlen the PigMary T CoyleRTEWinning Streaklast_img read more

Election Season Economics: Comparing the Presidential Candidates’ Tax Plans

first_imgHas an organization or university offered you an opportunity with a stipend? Whether it’s an internship or apprenticeship, a stipend is a set amount of money that helps offset living expenses. This fixed amount is financial support provided while you’re… Full Story,Truth is, there is a lot to be excited about when it comes to college: new friends, a new routine, (college parties!), and more independence. But along with all these perks, it’s also time to start thinking about your finances…. Full Story,A routing number is a unique number that identifies a specific banking institution. Each routing number is made up of nine digits. Routing numbers are sometimes referred to as an American Banker’s Association routing transit number or an ABA RTN…. Full Story,It’s stressful enough having a car loan over your head and staying on top of your monthly payments. But what if you have an upside-down car loan — in other words, the amount you owe on your set of wheels… Full Story,When you’re trying to get your financial house in order, it’s easy to get lost in the specifics. You might stress about how to adjust your budget, where to find some extra cash for the holidays or what funds to… Full Story,Shortly after graduating from New York University with a Master’s degree, Melanie Lockert turned to food stamps, as she worked her way out of $81,000 in student loans. “There were a lot of emotions around carrying that debt. It caused… Full Story,Traveling is one of the best things in life, and luckily, low funds don’t have to dash your dreams of enjoying an epic adventure. A wealth of destinations—both in the U.S. and abroad—are so affordable that even hardcore penny pinchers… Full Story,While we don’t yet have flying cars that collapse to the size of a suitcase, pneumatic tubes that transport us from room to room or machines that automatically bathe and clothe us in the morning, every day we’re getting closer… Full Story,Times have changed since Grams and Gramps were your age, looking to settle down and buy their first home. But today the house with the white picket fence—or that trendy loft in downtown—isn’t completely out of the question if you… Full Story,We recently hosted a Twitter chat as part of our #RealTalkSeries. And let’s just say, things definitely got real. Many of you joined us to discuss “taboo” and cringe-worthy money questions such as how to improve a bad credit score,… Full Storylast_img read more