Moody's Investors Service announced today that it has affirmed the university's A1 long-term debt rating and revised the university's long-term rating outlook to stable from positive. Hossein Sadid, the university's chief financial officer, was pleased with the announcement from one of the world's leading providers of independent credit ratings, research and financial information. "This confirmation by Moody's of the university's financial stability is a strong indicator that we are moving in the right direction," Sadid said.
According to the Moody's report, the university remains fiscally strong in several areas, specifically citing significant balance sheet resources; management's focus on reducing operating expenses and minimizing planned operation deficits; along with recent investments, particularly in undergraduate education and the academic medial center, that have already produced tangible results. The report also states the long-term rating outlook has changed to reflect challenges the university is currently facing, particularly operating deficits, management turnover and the expectation that credit will strengthen over a longer period.
Five Case Western Reserve University alumni have joined their alma mater's Board of Trustees.
John P. Campi, a 1988 graduate of the Weatherhead School of Management; Joseph M. Mandato, a 2004 graduate of the Weatherhead School; and Thomas F. McKee, a 1975 graduate of the Case School of Law, were appointed in early June to serve four-year terms on the board. Also appointed earlier this academic year were Andrew Wasynczuk, a double alum from Case Institute of Technology and the Graduate School, and Alan Schwartz, M.D., Ph.D., a triple alum from Adelbert College, the Graduate School and School of Medicine.
Their appointments bring the total number of alumni serving on the university's Board of Trustees to 31 of its 35 members.
Beth McGee, the university's faculty diversity officer, is the administrator of a university-wide listserv that publicizes Case diversity activities, disseminates information, and brainstorms about diversity ideas. If you would like to be on the listserv please contact firstname.lastname@example.org, or e-mail email@example.com.
Outdoor summer yoga at Case has returned on Tuesdays and Thursdays through July 25, noon to 1 p.m. on the Case quad behind Adelbert Hall. The classes will be led by Marcia Camino, a certified and registered adult and children's yoga teacher. Classes are open to the entire Case community. There is no charge or registration required, and participants can join at any time. For more details go to http://www.case.edu/academics/summer/SummerSessionOutdoorYoga.html.
The Plain Dealer, June 18. 2006
For the second year in a row, Case Western Reserve University will welcome more than 1,000 freshmen to its urban campus. And looking over their shoulders this fall will be some new, younger and more passionate university trustees.
Crain's Cleveland Business, June 19, 2006
A group of universities, private companies and organizations in Northeast Ohio wants to spend $67 million over three years to establish a state-supported Wright Center of Innovation in the field of sensors -- tiny devices that can be embedded in electronics to measure physical conditions such as pressure and temperature. Joining Cleveland State in the endeavor are six other academic institutions: Case Western Reserve University, Kent State University, Ohio State University, the University of Akron, the University of Cincinnati and the University of Dayton.
Black Expertise.com, June 19, 2006
Compared with typical high technology startups, university research spinoffs are more likely to receive venture capital funding, more likely to go public, more profitable and less likely to fail, according to Mark Coticchia. Currently vice president for research and technology management at Case Western Reserve University in Cleveland, Ohio, Coticchia brings to his work past and current experience as an engineer, a marketer, director of a venture capital firm and a technology company board member.
New York Times, June 18, 2006
Here is one thing I didn't expect to learn from Ted Steinberg's "American Green": My older brother is lucky to be alive and unmaimed. I have a distinct childhood memory, from about 35 years ago, of watching him drive a new riding lawnmower up the embankment behind our trendy split-level in Bloomfield Hills, Mich. There is something more complex going on in America's lawn-care psyche than Steinberg, who teaches history at Case Western Reserve University, addresses.
Inside Higher Education, June 19, 2006
The United States Commission on Civil Rights took up affirmative action at law schools during a five-hour session Friday highlighted by political posturing, jousting over statistics and moments of incivility.
Chronicle of Higher Education (subscription), June 19, 2006
Americans last year donated $260.3-billion to charitable organizations, including colleges and universities, an increase of 2.7 percent after inflation, according to estimates scheduled to be released today in a report, "Giving USA," that provides an annual tally of American philanthropy.
The Office of Student Activities and Leadership and Thwing Center are sponsoring an American Red Cross Blood Drive on June 20, 10 a.m. to 3 p.m., Thwing Ballroom. Registration can be done online at http://www.redcrossdonor.org/, or call 1-800-GIVE-LIFE (1-800-448-3543).
P-Card holders and department administrators: Please be aware that any P-Card expenses that are not posted by the vendor to your P-Card account by midnight on June 26 will not hit end year close due to the billing cycle of the P-Card. P-Card purchases made from June 27, 2006 and beyond will be expensed on the FY 06-07 budget.
The Flora Stone Mather Center for Women is seeking a graduate student to develop and work with undergraduate students in providing health-related programs to student groups. The graduate student will be required to create and lead workshops on women’s health matters such as body image, healthy relationships, alcohol and substance abuse, and other issues. Must be able to work flexible hours, especially during evening and night hours. For more details go to http://www.case.edu/provost/centerforwomen/.
Matthew Heimbach has been promoted to assistant director of technical services in the advancement services department.
CIO magazine recently announced that Case Western Reserve University is a 2006 recipient of a CIO 100 award. The annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT). The university will be listed in the August 15 issue of CIO magazine, be acknowledged at an awards ceremony in August, and receive a commemorative plaque.