The University of Maryland's athletic program is in shambles. The University is cutting 8 sports in order to save money. An interesting story for sure. What I really find interesting is the quote by the President of the University, Wallace D. Loh.
Maryland president gives his assessment of Terps athletics program http://www.baltimoresun.com/sports/terps/bs-sp-cowherd-column-0301-20120229,0,2164902.column "That was probably the most painful experience I've ever had in my life," he said. "I certainly didn't come here to cut teams. I was really quite blind-sided when I arrived here. I knew in the job interview they had mentioned attendance had slipped in basketball and football and so on. But I don't know if anyone really knew that we had been spending more than we earned and covering up the deficit (by) drawing from our reserves. Halfway through my first year, I'm told that the reserves are zero. That's absolutely incredible to me, especially since 10 years ago we had reserves of $20 million or so. Down to zero!" - Wallace D. Loh Where have I seen that economic model before? J - If once the people become inattentive to the public affairs, you and I, and Congress and Assemblies, Judges and Governors, shall all become wolves. It seems to be the law of our general nature, in spite of individual exceptions. - Thomas Jefferson ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:348045 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
