Today, theantiochpapers.org launched another batch of files disclosing information about financial measures taken at College and University level over the decade leading up to the current crisis.The files, among which letters from former College President to then Chancellors of the University James Hall and Jim Craiglow in 2001 and 2002, show that red flags about the college’s financial challenges and government structure have been raised for years. In a letter dated February 22nd 1999, Bob Devine wrote: “The top-down implementation of the plan to charge depreciation to each campus is, for the college, the crushing blow. It renders the challenge of building a healthy and viable college a Sysyphian nightmare, in that it means that the college’s revenue over expenses will never again be a positive number.”
Continue reading Never mind the Pentagon, here’s The Antioch Papers