Showing posts with label democratisation. Show all posts
Showing posts with label democratisation. Show all posts

Sunday, 25 March 2012

Britain Has 'Underestimated' Flood Threats

For the last 50 years we have been concreting over our countryside, neglecting our drainage systems and busily building on flood plains.In other words; living as if flooding is a problem that happens elsewhere.

Now, a new report from scientists at Durham University says the UK has been lulled into a false sense of security, when weshould have been preparing for a period of floods on a scale "beyond most people's living memory".

The scientists looked at rainfall and river flow patterns over the last 250 years, since 1753.

They found that the UK's weather fluctuated between very wet and very dry periods, each lasting for a few years at a time, but also between very long periods of a few decades that can be particularly wet or particularly dry.

They discovered that from the late 1960s to the late 1990s, the UK was relatively flood-free.

Now, they say records show we can expect a period of increased flooding, similar to that experienced before the 1960s.

Professor Stuart Lane from Durham's Institute of Hazard and Risk said: "We are now having to learn to live with levels of flooding that are beyond most people's living memory.

"More than three-quarters of country's flood records - on which risk estimates were based - started during the 1960s.

"We have not been good at recognising just how flood-prone we can be. We have probably underestimated the frequency of flooding much more often than we are used to."

May, June and July last year saw their highest level of rainfall since British records began.

A second report out today from the cross party Environment Food and Rural Affairs Select Committee says the infrastructure set up to deal with last summer's floods is in chaos and the eight hundred million pounds funding pledged by the Government is "inadequate."

The MPs said at the moment, no organisation has overall responsibility for surface water flooding at a national or local level, nobody was responsible for issuing flood warnings and it was unclear who was responsible for overflowing drains.

They also recommended that the Environment Agency should take a strategic role in dealing with surface water flooding nationally, providing advice and guidance to local authorities who should have a statutory duty to deal with surface drainage.

Chair of the Committee, Michael Jack MP said: "The public will not forgive the Government if it is not seen to be responding to the lessons learnt from the floods of last summer.

"Our report has shown how confused and chaotic was the infrastructure when it came to preventing and dealing with surface water flooding.

"The Government must bring clarity to this situation so that the public, wherever they live, can have peace of mind that every effort is being made to avoid a repeat of the fiasco of last summer."

The Local Government Association too has waded in.

In response to the EFRA Committee's report, they agree that under the current system, it is often unclear who has responsibility for managing flood risk and maintaining drainage systems.

They say that in some parts of the country a myriad of different bodies - including the Environment Agency, councils, private landowners and water companies - have these powers but often do not share information with each other.

They recommend that water companies should be forced to co-operate with local authorities to prevent a repeat of last summer's floods, council leaders said today.

For once, then, the MPs and the scientists are in firm agreement: rather than dismissing last summer's floods as a one off event, they say we must be prepared for worse to come.

Monday, 20 February 2012

Education Divisions Boost McGraw-Hill and Pearson Earnings

Two of the biggest players in education publishing had good news to report in their most recent earnings filings, even though McGraw-Hill (MHP) supplied more tangible information than its U.K.-based competitor, Pearson (PSO).

McGraw-Hill Sees Strong Gains in Education Division

For its third quarter, McGraw-Hill's profit rose to $380 million, or $1.23 a share, from $336 million, or $1.07 a share in the year-earlier period -- a 15% increase from the same time last year and way above analysts' expectations of $1.10 EPS. Total revenue grew by 5.5% to $1.98 billion, also beating analysts' projections for the company.

On the education side, revenue jumped 5.5% to $1.1 billion while operating profit grew 19.9% to $357.5 million. That took into account a $3.8 million pre-tax gain on the divestiture of a secondary school business in Australia, while foreign exchange had negligible impact this quarter, a far cry from previous earnings periods.

Looking at specific education segments, revenue for the School Education Group increased by 6.7% to $534.7 million compared to the same time last year, while the higher education side went up 4.3% to $520.0 million. The School Education Group is now on track to capture 30% of the estimated $825 million to $875 million state new adoption market in 2010, owing in large part to substantial orders from the adoption states with the biggest student enrollments, such as Texas, California, and Florida.

Good news also came from the Standard & Poor's side, as that division's revenue increased 9.5% to $697.4 million compared to 12 months ago. The biggest reason? High-yield debt issuance.

As for information and media, Q3 revenue declined by 4.7% to $227.8 million compared to the same period last year, but it would have increased 5.1% if not for lingering residue from the sale of BusinessWeek to Bloomberg. Operating profit for this division also increased by 55.1% to $45.8 million in the third quarter.

In a statement, Chairman, CEO and President Harold McGraw III attributed the earnings jump to a slew of factors, including "surging global high-yield issuance in the bond market, a solid gain at S&P Indices, increases in U.S. elementary-high school and higher education in the seasonally most important quarter of the year, double-digit increases in the sales of digital products and services in higher education and professional markets, and global growth in energy information products."

Looking ahead, the company is bumping up its guidance, now anticipating earnings per share somewhere between $2.60 and $2.65, even with a one-time gain of 2 cents EPS from recent acquisitions.

Pearson Finds Success in Move to Global Learning Technology

As for Pearson, its nine-month trading report was thin on numbers and long on percentage-driven positive news. Overall, the company increased sales by 7% and adjusted operating profit 15% in the first nine months of 2010. Its trade book publishing arm, Penguin, saw revenue grow 5% compared to last year, and the education side increased 7% from 12 months ago. That piece of news caused Pearson to remark that it continues "to accelerate our transformation from book publisher to the leading global learning technology and services company through organic investment and bolt-on acquisitions."

An 11% jump in revenue for the Financial Times came about because of "strong demand for its print and digital content," increased M&A activity and sustained advertising growth. For Penguin, Pearson noted that "physical retail markets are tough," but they were offset "by strong publishing and rapid growth in eBook sales" for 16,500 titles currently available. Industry newsletter Publishers Lunch ran the numbers, and for e-books that means "if Penguin ebooks went from 8.5% of U.S. sales after two quarters to 10% of U.S. sales in the third quarter, that would comprise revenue of approximately $4 million."

In other words, as is the case for almost all big publishers right now, e-books are growing, but the story is still small potatoes compared to larger sectors like education -- and print publishing as a whole.



NEWS BY: http://www.dailyfinance.com







Sunday, 12 February 2012

Cambridge University unveils letter from Charles Dickens to his son

It's like any letter written by an affectionate dad to his student son at university: work hard, keep a close eye on your spending, and if you have any problems, let me know.

A revealing missive penned by Charles Dickens to his son Henry nearly 150 years ago has been highlighted by Cambridge University today on the 200th anniversary of the great writer’s birth.

The letter was written while the author of Great Expectations was staying at a hotel in Liverpool, in October 1868. Dickens’ son, Henry, then just 19 and the first of the writer’s 10 children to go to university, had just arrived at Trinity Hall in Cambridge, to study maths.

His message to his son, which begins "Dear Harry", reveals that student debt is by no means just a 21st century phenomenon. It says: "I enclose you another cheque, for £25," and goes on to discuss his allowance, £250 a year ("handsome for all your wants") his requirements for furniture and clothes ("I strongly recommend you to buy nothing in Cambridge") and his decision to send him a consignment of drink, so he can enjoy the undergraduate life – three dozen bottles of sherry, two dozen bottles of port, three dozen light clarets, and six bottles of brandy.

Dickens Senior then exhorts his young son to be prudent when handling money: "Now observe attentively – we must have no shadow of debt." Throughout his life, Dickens was haunted by the memory of his own father sinking into debt, and being sent to prison as a result. Charles was sent to the pawnbroker’s with the family books and much of their furniture, and was later sent to work at Warren’s Blacking Factory, aged just 12.

The letter, given to the Cambridge college in 1957 by Christopher Dickens, one of Henry’s grandchildren, tells the young student: "You know how hard I work for what I get, and I think you know that I never had money help from any human creature after I was a child. If you ever find yourself on the verge of perplexity or difficulty, come to me. You will never find me hard with you while you are manly and truthful."

Dr Jan-Melissa Schramm, fellow in English at Trinity Hall, has written two books for Cambridge University Press about Charles Dickens. She said: "The letter speaks very powerfully to the parents of students today, not only about caring for their children’s spiritual well-being, but also about supplying their material wants.

Monday, 6 February 2012

Analysis: Which university has the fattest wallet?

How has the fall in the value of the stock market since The THES' first analysis of university wealth in 2001 affected the financial health of UK institutions? Claire Sanders and Alison Goddard report.

Cambridge University is still the richest institution in the UK, despite a fall of 26 per cent in the value of its endowments since 2000.

In the second analysis of university wealth by The THES - the first was carried out in 2001 based on 2000 figures - the fall in the value of the stock market can be clearly seen. Bristol University has seen the value of its endowments fall by more than a third.

Others have fared extraordinarily well. Surrey University, which The THES identified in 2000 as one of the up-and-coming wealthy universities, has seen its endowments fall by just 0.1 per cent. Since the publication of the last set of league tables, Surrey has announced that it is looking at plans to go private.

Other institutions that have performed strongly include Reading, Coventry and Wolverhampton universities.

The balance sheets used by The THES were supplied by the Higher Education Statistics Agency and are for the year to July 31 2002. They have been compared with those for July 31 2000.

Net assets

Net assets, or total funds, show the value of an institution's fixed assets such as buildings, its endowment assets and its current assets minus its liabilities. A university's net assets also include whatever it owns in spin-off companies. They reflect the size of a university as well as its wealth.

Cambridge has net assets of just over £1.2 billion, a 0.6 per cent increase on 2000. Oxford University's net assets are smaller at £809 million, a 0.2 per cent increase on 2000. Unlike Cambridge, Oxford does not include buildings more than 50 years old in its fixed assets.

Two years ago, Cambridge estimated that its colleges' net assets amounted to £1.5 billion. Oxford put the figure at somewhere between £1.2 billion and £1.5 billion. Neither university could provide updated estimates.

The ten universities with the biggest assets account for more than 35 per cent of the sector's assets.

The highest ranked new university is Manchester Metropolitan at 16. Leeds Metropolitan, Coventry, Wolverhampton and Brighton universities all come in the top 30.

These all tend to be universities with large student numbers. A spokesperson for Wolverhampton said: "We are in the process of a major building programme, called New Horizons. This has significantly increased our net assets. We are also the tenth largest university in the UK in terms of head count."

The past two years have seen serious swings in the net assets of some universities. The University of East London has seen a fall of 28 per cent, Greenwich University a fall of 19.6 per cent and Heriot-Watt University a fall of 17.4 per cent.

A UEL spokesperson said: "This fall is due to the sale of properties, including Maryland House in Stratford." The university has also changed the basis of the valuation of its Longbridge Road campus.

At the other end of the scale, Exeter University has seen an increase in net assets of 64.4 per cent, York University an increase of 52.8 per cent, Sussex University an increase of 46.6 per cent and London Guildhall University an increase of 40 per cent.

A spokesperson for Exeter said: "The £65 million increase is due to investment in new facilities, particularly the Institute of Arab and Islamic Studies. We have also carried out a revaluation of the university's estate and seen its value go up due to big increases in property and land values in this area." 

Sunday, 5 February 2012

UK university reviews funding from Libya

"We have also received scholarship funding in respect of advice given to the Libyan Investment Authority in London," it continued.

"No further receipts are anticipated."

In 2009, the university was pledged £1.5m from the Gaddafi International Charity and Development Foundation for its North Africa Programme.

The university said it has accepted £300,000 of that grant and the funds so far had been used to develop a research programme on North Africa, focused on politics, economics and society.

"In current difficult circumstances across the region, the School has decided to stop new activities under that programme.

"The Council of the School will keep the position under review.

"The School intends to continue its work on democratisation in North Africa funded from other sources unrelated to the Libyan authorities."
'Opportunity for reform'

Saif al-Islam Gaddafi, 38, enrolled at the LSE in 2003 for an MSc which he completed. He continued his studies there, and was awarded a PhD in 2008.

Professor David Held, who supervised his PhD studies, said he watched his former student's speech and was "deeply disturbed by its failure to grasp the changing circumstances of the Middle East in general, and of Libya in particular".

"Rather than seeing the opportunity for reform based on liberal democratic values and human rights, Saif al-Islam Gaddafi stressed the threat of civil war and foreign intervention.

"I have known Saif al-Islam Gaddafi for several years since he did a PhD at the LSE. During this time I came to know a young man who was caught between loyalties to his family and a desire to reform his country.

"My support for Saif al-Islam Gaddafi was always conditional on him resolving the dilemma that he faced in a progressive and democratic direction.

"The speech last night makes it abundantly clear that his commitment to transforming his country has been overwhelmed by the crisis he finds himself in. He tragically, but fatefully, made the wrong judgement."

The LSE Students' Union said it was "totally unjustifiable and contradictory of LSE to operate on funds which contravene its guiding principles".

"We welcome the School's decision to take no further funding from the Gaddafi International Charity and Development Foundation; however, we believe that this does not go far enough.

"The school should take action to ensure that the money that was stolen from the Libyan people for our benefit, is now used for the benefit of Libyan people."
The London School of Economics has said it is reconsidering its links with Libya "as a matter of urgency".

The LSE has run courses for Libyan officials and has received a £1.5m donation from the Gaddafi International Charity and Development Foundation.

Colonel Gaddafi's second son, Saif al-Islam, studied at the LSE, gaining both a Master of Science and a doctorate.

The LSE statement follows a speech made by Saif on Sunday, in which he said the regime in Libya would stand firm.

He warned of civil war and rejected foreign intervention.

Saif al-Islam Gaddafi wrote his doctoral dissertation on the role of civil society in the democratisation of global governance institutions.
Courses

The LSE has offered executive education programmes to Libyan officials. "No further courses are in preparation," the university's statement said.

NEWS BY:http://www.bbc.co.uk/news/education-12537155