Word: britishers
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...Maybe so, but that didn't prevent the key industry players from pointing fingers at each other. At Monday's opening plenary, British Petroleum CEO Tony Hayward called the suggestion that speculation was behind the doubling of crude prices in the past year a "myth," and instead blamed geopolitics, a decline in Russian production and increased demand for the crunch. "Supply is not responding adequately to rising demand," he said. "The problem is above ground, not below it." ExxonMobil CEO Rex Tillerson echoed the last part of Hayward's equation: "Look, it's hard for us to fully understand what...
...test being sat on campuses all over Britain. Short of cash, and jostling colleges from America to China for the smartest students and staff, universities across the country are rethinking fund raising. The need is obvious: investment in British higher education stood at 1.1% of GDP in 2004, according to the most recent data from the OECD, while the U.S. spent 2.9%. From medieval Oxford and Cambridge to ambitious modern universities like Warwick, institutions are slowly sharpening their competitive edge. As worldwide college entry rates and numbers of students learning overseas soar, "no matter which way you look...
...British universities have been even busier than those on the Continent in responding to the challenge from the U.S., but the private funding gap remains enormous. While U.S. public investment in higher education, relative to GDP, is similar to that of the U.K., eye-popping tuition fees and generous philanthropists have endowed American higher education with more than six times more private investment...
Almost all British universities now staff an alumni office responsible for finding former students and hitting them up for cash. As a result, the slice of British universities' income derived from endowments and investments hit a record of just under $800 million in the 12 months to August last year, 13% more than in the previous year. And since private donations take the strain off the public purse, the government is keen to promote further giving: in a $400 million scheme outlined in April, it has pledged to match such donations to universities for the three years starting next month...
...academic matters, the idea was turned down by the Congregation, the parliament of Oxford dons. In the scramble to catch up with wealthier U.S. colleges, the dons' power could discourage potential benefactors. "A governing body dominated by academic members of a university," says Philip Harding, chairman of the British Universities Finance Directors Group, "will probably be less attractive to a major donor than one whose governors are from a mixed background...