Weekly Market Update
TWO UNIVERSITIES HIRE THEIR FIRST FEMALE PRESIDENTS
Thursday, December 20, 2018
Earlier this week, two universities announced that they will be led by their first female presidents. Sarah Mangelsdorf will helm the University of Rochester, which enrolls approximately 10,000 students. She will be leaving her current position as provost and vice chancellor for academic affairs at the University of Wisconsin at the end of the academic year. The University of Minnesota System welcomes its first female president, Joan Gabel, who currently serves as provost of the University of South Carolina. Gabel's new position will have her overseeing five campuses that enroll 56,000 students, beginning July 1, 2019.
In Other News
- On Wednesday, the Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 2.25% to 2.50%, and signaled that it would raise rates twice next year.
- An Omaha-based foundation is making a gift to the University of Nebraska to fund scholarships to 104 students aspiring to become teachers through the University's new Teachers Scholars Academy.
- On Tuesday, the Michigan House of Representatives approved a bill that would make it a misdemeanor for public officials to demand donor disclosure from non-profit charities and politically active groups.
- The GRID Alternatives Program in Oakland, California, which helps roughly 1,500 low-income families each year to reduce their energy bills by providing solar panel systems, completed its final installation of the year.
- Northeastern University's college of technology received a $50 million gift from an alumnus to further promote research and education in artificial intelligence.
- While the ruling is not expected to have an immediate impact on the law, a group of states filed a motion on Monday asking the U.S District Court for the Northern District of Texas to clarify its ruling on the Affordable Care Act.