New York University, a historically second or third rate institution, is arguably still second or third rate, but it nevertheless now rivals Columbia University in status because it has expanded brutally, whereas Columbia has mostly stayed confined.
Stakeholders were categorized on a perceived rating of level of power and influence against their role, interest, as well as, their expectations on the development and functioning of the college as a first rate institution The stakeholders were broadly grouped into 4: (A) low interest/low power, (B) high interest/low power, (C) low interest/high power, and (D) high interest/high power.
"Long-term, we're bullish on securitization," John Bonfiglio, head of United States structured finance for Fitch Ratings, one of the three major credit-rating institutions, is quoted as saying in the article, which looks at the history of securitization and how it grew in size and complexity over the years.
Like Harvard's Adams, Hertzberg taught at first-rate institutions (Columbia, Dartmouth, New York University) yet his, as he says often, was not a cloistered academic life but one in which he sought to make "a difference, a real difference".
There's also the TKTS booth in Leicester Square, and many of the fringe theaters, including first-rate institutions like the Bush and the Finborough and the Gate, are quite reasonable to begin with.
In the anti-Kilgore camp, some smelt creeping Soviet totalitarianism in the concept of state-led science; some feared an inane version of democracy, where uninformed majorities could overrule scientific fact; others saw a licence to throw taxpayers' money at boondoggle projects in third-rate institutions.
We're glad that the same movement has spread to Europe, where Glasgow University has begun the same process, and to Australia where first-rate institutions, including the University of Sydney and the Australian National University have taken steps along the same path.
But the three leading credit rating institutions have put it into the lowest possible category: junk.
Now there's an incentive Universities should be given Ofsted-style rankings and highly rated institutions should be allowed to charge higher fees in line with inflation from 2017/18.
It was a similar chain of events in 2011 that led Standard & Poor's to downgrade the Treasury's debt by one notch, an unprecedented move that set off wild swings in the stock market and led to downgrades at other highly rated institutions, like insurance companies, that had significant exposure to Treasury securities.
"There's simply too much talent for [U.S. schools] to become third-rate institutions," he told the panel.
