Saturday, February 19, 2011

UNLV Facing Bankruptcy

Doug French reports:
The university where Murray Rothbard and Hans Hoppe once taught is facing what the Las Vegas Review Journal describes as bankruptcy. UNLV president Neal Smatresk “said he believes the state’s higher education system will have to declare financial exigency, a declaration similar to bankruptcy, to deal with the cuts.”

A financial exigency declaration would allow the university to fire tenured faculty and break other contracts.

“Our state is nearing a state of fiscal collapse,” Smatresk said.
UNLV is a public university supported by the pretty much bankrupt state of Nevada. President Smatresk's letter to the UNLV community is here.

When informed of Smatresk's comments, Charlie Gasparino was overheard to remark, "I 'd like to see Smatresk's working papers on this."

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