economy – News /news Mon, 04 Jun 2018 13:35:38 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.3 /wp-content/themes/b/bates-framework/styles/images/bates-favicon.png economy – News /news 32 32 Ethan Lipton & his Orchestra to perform acclaimed song cycle about job loss /news/2014/02/28/ethan-lipton-his-orchestra-to-perform-acclaimed-song-cycle-about-job-loss/ /news/2014/02/28/ethan-lipton-his-orchestra-to-perform-acclaimed-song-cycle-about-job-loss/#respond Fri, 28 Feb 2014 15:40:28 +0000 /news/?p=75936 Ethan Lipton & his Orchestra perform in an image by Heather Phelps.Ethan Lipton & his Orchestra perform the song cycle "No Place to Go" on March 7.]]> Ethan Lipton & his Orchestra perform in an image by Heather Phelps.
Ethan Lipton & his Orchestra perform in an image by Heather Phelps.

Ethan Lipton & his Orchestra. (Heather Phelps)

Ethan Lipton, a songwriter, playwright and performer, returns to ÀÖ²¥´«Ã½ College with his Orchestra and a song cycle that The New York Times described as “one of the galvanizing theater moments of 2012” at 7:30 p.m. Friday, March 7, in the Olin Arts Center Concert Hall, 75 Russell St.

Admission is $15, available at . Free tickets are available for 100 students and seniors (65-plus) through . For more information, please contact 207-786-6163 or olinarts@bates.edu.

In the song cycle No Place to Go, Lipton plays the protagonist as the company where he’s worked for the past 10 years is moving to another planet, and he doesn’t want to go. Part love letter to his co-workers, part query to the universe, part protest to company and country, No Place to Go is a hilarious, irreverent and personal musical ode to the unemployed.

The piece is “entertainingly poignant,” wrote Village Voice reviewer Miriam Felton-Dansky. “No narrator could be more appealing than the mustachioed Lipton. It’s a strange planet we’re living on if someone this talented even needs a day job.â€

No Place to Go was commissioned by the esteemed New York City nightspot Joe’s Pub and premiered at New York’s Public Theater in March 2012 in a production directed by Leigh Silverman.

Written by Lipton and with music composed and arranged by him and his trio, the show won an Obie Award and later played at Two River Theater in Red Bank, N.J., where it earned a spot on the Star-Ledger’s “Best of Theater and Opera” list for 2012. The band has performed No Place to Go in Virginia, Vermont, Los Angeles, Connecticut and at the ATP music fest in Camber Sands, UK, and will continue to tour it through 2014.

Lipton’s Orchestra consists of guitarist Eben Levy, bassist Ian Riggs and saxophonist Vito Dieterle. The foursome has been together since 2005, released five albums — three studio, two live — and was named the New York City’s “Best Lounge Act” by New York Magazine.

The band has been featured on radio shows such as “Weekend Edition,” “The World,” “Word of Mouth” and “Soundcheck,” and contributed to the Clash cover album Sandinista. They also play songs for and appear in the film The Shift. Lipton & his Orchestra are working on material for a sixth album, due out in 2014.

As a playwright, Lipton’s work has been seen and heard in New York City, Los Angeles, Boston, Chicago, Seattle, Edinburgh and Berne. He is the 2012-13 Playwright’s Realm’s Page One resident playwright, an alumni of the Public Theater’s emerging writers group and a Clubbed Thumb affiliated artist.

He has received an Obie Award and a Drama-Logue Award, and his play “Luther” was published in Theater magazine in April 2013. The script of No Place to Go will be published by Ugly Duckling Presse in 2014.

Levy was co-leader of the ’90s cult-favorite funk band Chucklehead and the group’s guitarist, emcee and a principal songwriter. He later led the organic/electronic funk band Ejectrode, and currently writes music for film and television.

Riggs is a bassist, composer, singer and guitarist who performs and records in and out of New York City with a wide range of artists, including Howard Fishman, One Ring Zero, Blarvuster, Hilary Hawke, Likeness to Lily, The Lonesome Trio, Giancarlo Vulcano and David Eggar.

Dieterle started performing around Chicago at age 14. He has been a featured soloist at the Burlington and Chicago jazz festivals and in venues around the country. In New York, he plays frequently with composer-pianist Joel Forrester’s band People Like Us, and he leads his own trio every Sunday at Little Branch.

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President Hansen's mid-semester update: Finances, facilities and planning for ÀÖ²¥´«Ã½' future /news/2009/11/05/hansen/ /news/2009/11/05/hansen/#respond Thu, 05 Nov 2009 15:35:19 +0000 http://home.bates.edu/?p=14959 President Elaine Tuttle Hansen, in and outside of her second-floor Lane Hall office.

Dear members of the ÀÖ²¥´«Ã½ community,

As we head into the second half of Fall semester and following on our first Board meeting of the year, I write to express ongoing appreciation for all the outstanding work that you are doing and to update you on some important matters that our Trustees considered.

As you might imagine, we continue to focus extensively on the financial situation and its effects on ÀÖ²¥´«Ã½ people and programs. The Trustees were reassured to see that there is considerable good news on this front. Thanks to concerted efforts to stay within projected budgets, we managed to balance the FY09 budget. Our current work is also made possible by those generous supporters who rose to the occasion last year and remarkably enabled us to reach our goal for the ÀÖ²¥´«Ã½ Fund, despite trying times.

This year’s goal is significantly higher, but we expect to meet it thanks to the hard work of our Advancement team and the faith that alums, parents and other donors have in our mission. To affirm these high hopes and show their own extraordinary commitment to our College in the most tangible way, each of our Trustees has already made a pledge for this year’s annual gift.

Most of you are aware that last year we experienced unexpectedly high student enrollment, and we have prudently earmarked the additional revenue this produced to establish a reserve fund to be used should we see a decrease in enrollments in any future year. So far, we continue to achieve remarkably steady outcomes in admissions. This year, enrollment is right on target, with 1,714 full-time students as of Oct. 1, which should put us close to the budget assumption of an average of 1,710 students for the year.

The incoming class is the most diverse in the college’s history, with 19.3 percent of our students identifying themselves as African Americans, Hispanics, Asian Americans or Native Americans, and 4.9 percent hailing from other nations. Retention of continuing students remains strong at 94.4 percent, and this year we have awarded approximately $23 million in financial aid to about 750 students (43 percent of the student body).

A third of the way through the current fiscal year, the FY10 budget looks to be on track as well. As you may remember, we locked in our gas and electric prices, so as long as we are mindful about consumption, energy costs should be on budget this year. Health care is also expected to be on budget, and you can anticipate a more detailed announcement about this issue shortly.

I am particularly grateful to everyone who participated in “CSI Lewiston” (Cost-Saving Initiatives). By decreasing departmental operating budgets and identifying things that we can stop doing as well as things we can do more efficiently, we realized approximately $600,000 in savings. The efficiencies you’ve already accomplished through thoughtful and collaborative approaches range from putting W-2’s on the Web instead of incurring the costs of mailing them and video-conferencing with outside scholars for our Honors program, to greater collaboration between Facility Services and Dining Services in the routine maintenance of our Dining Commons.

We are now taking additional steps that involve both smarter use of technology (like student billing on the Web) and more efficient coordination between departments and offices (such as consolidating Office Services and Facility Services delivery routes). Looking forward, we are also analyzing several more ideas that will result in savings small and large, which will in turn allow us to support the most important priorities and pursue robust educational innovation.

The news about our endowment is more mixed. This past year we witnessed stress in the investment environment the likes of which we have not seen since the 1930s. Moreover, this collapse was sudden and adversely affected all asset classes around the world. ÀÖ²¥´«Ã½ was not immune to these shocks and our endowment ended the fiscal year (June 30, 2009) with a decrease of about 26 percent. These results are a departure from five consecutive years of very strong performance, during which our investment returns performed at a level comparable with universities many times our size.

The endowment has since participated in the recent market rise with 9-month (calendar) year-to-date performance of about 20 percent. Our endowment now stands just under$200 million dollars. We are fortunate to have a dedicated and experienced team of Trustees and advisors supporting the investment management process, and I will continue to keep you apprised of endowment changes in future reports.

Looking beyond the current year, in this environment the multi-year forecasting we have been doing for some time now is more difficult and important than ever. Many of our assumptions are challenged, and some we know must change.

As recent media attention reminds us, the growth of our comprehensive fee is going to come under more and more scrutiny. The full effect of the drop in our endowment will be felt in FY12, due to the formula we use to spread out sudden changes. Spending on financial aid is only likely to increase, even as our commitment to making a ÀÖ²¥´«Ã½ education accessible remains strong and the kind of education we deliver is more urgently needed than ever. At this point, projections indicate that our budget would be out of balance by approximately $2.5 million. There will be only four ways to close that gap: increasing revenues, boosting fundraising, cutting operations, and reducing salary and benefits. All of these strategies must be carefully considered.

We are also thinking hard about how to encourage the new kind of growth and development this economy and other new realities require. As I discussed with the Trustees, colleges like ÀÖ²¥´«Ã½ — and most other higher education institutions in this country — cannot evolve incrementally any more. Now we are pressed to stop doing some things in order to do new things. Although this kind of decision-making is new for colleges, I believe we will find that there are advantages to be gained.

And we have no intention of standing still. The front-page headline in this week’s Chronicle of Higher Education reads “.” If this means we are staying focused, despite the uncertainty, on the fundamental purposes of a four-year undergraduate college that has graduated leaders and problem-solvers for over 150 years, then I read the steadiness and prudence with which we approach change as a key to our dynamic evolution. But there should be no doubt about the fact that we are not hunkering down but instead taking this opportunity to prepare our college to grow even stronger in the future by clearly identifying priorities, planning ahead and thinking strategically about sustainable growth and innovation.

To this end, the Trustees engaged in a lengthy discussion of our Campus Facilities Master Plan Update with our consultants. Like many of you who attended open meetings about the update a couple of weeks ago, Board members were enthusiastic about emerging ideas for the next phases of development. They also discussed in detail the remaining and final project to be completed in Phase I of our Campus Facilities Master Plan, the renovation of Hedge and Roger Williams.

In light of the economic uncertainties and other compelling needs, the Board carefully revisited the commitment of funds to these two projects. After scrupulous deliberation about all the implications of the decision, the full Board approved a recommendation from the College Infrastructure Committee to go forward, providing new homes for key clusters of academic departments together with more and better classrooms, learning and gathering spaces. While practical considerations like the currently low costs of borrowing and construction influenced the Trustees’ decision, their action also demonstrates their faith in our academic mission and administrative leadership and the process we engaged in to determine the best use for these historic structures. Work is scheduled to begin this spring.

Finally, the Trustees also reviewed Choices for ÀÖ²¥´«Ã½, which I shared with the campus last month. They join me in thanking all who worked on this two-year opportunity to think strategically and collaboratively, and they extend their support for the initiatives we presented.

As we now begin to implement the initiatives, we will cultivate a new level of collaboration across traditional lines — bridging the academic and administrative silos that have helped define us and creating a more effective web of relationships, academic programs and informal learning opportunities.

We will realize benefits for all constituencies as we address the priorities that have emerged. As we integrate academics and experience more fully, students will learn to use the interconnectedness of the world. Collaboration and networking will become signature skills, because they engage the values and habits we will practice every day. As we strengthen a range of programs, ÀÖ²¥´«Ã½ will continue to be a destination for faculty seeking to integrate transformative teaching and stellar research. And because there is high strategic value in the facilities we need and the programs we create, opportunities to invest will energize our donors. Stay tuned for details about implementation. You will hear more very soon.

Going forward, the theme of Choices for ÀÖ²¥´«Ã½ suggests doing far more than maintaining the status quo, good as it is; instead we are using the increasingly constrained environment to encourage wise choices and proceeding in a planful, prudent way to build on the palpable momentum of this extraordinary educational community.

With warm regards,

Elaine T. Hansen
President, ÀÖ²¥´«Ã½ College

(See this update at the Office of the President site.)

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Icelandic Excitement /news/2009/03/04/icelandic-excitement/ /news/2009/03/04/icelandic-excitement/#respond Wed, 04 Mar 2009 17:25:28 +0000 http://batesviews.net/?p=2735 From Nora: This past weekend I was able, along with any other interested ÀÖ²¥´«Ã½ies, to get an up close look at the issues, music, and people of a country not often discussed: Iceland.

I admit, freely, that I’m not generally up on my Icelandic culture, news, and happenings… although I was totally aware when, this past fall, they entered a state of extreme economic crisis. But, it was just Iceland, right? Well, in the growing state of economic concern that the United States now resides, I find it refreshing to be able to really understand the issues and results of Iceland’s economic troubles. And how did I do this, you ask? My four favorite letters : W-R-B-C

The ÀÖ²¥´«Ã½ College Radio station, WRBC, brought Icelandic band FM Belfast to perform a free concert this past Saturday night for the ÀÖ²¥´«Ã½ community. A totally great band that I would never have discovered were it not for the WRBC, the four fashionable Icelandic rockers also participated in a symposium on Saturday, similarly open to the ÀÖ²¥´«Ã½ community, in which they discussed what’s ACTUALLY going on in Iceland ÀÖ²¥´«Ã½â€™ own Associate Politics Professor Aslaug Asgeirsdottir, also of Iceland, providing two contrasting but informed points of views.

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Fundraisers keep a close eye on financial markets' movements /news/2008/09/26/fundraisers-keep-a-close-eye-on-financial-markets-movements/ /news/2008/09/26/fundraisers-keep-a-close-eye-on-financial-markets-movements/#respond Fri, 26 Sep 2008 16:00:20 +0000 http://batesthisweek.wordpress.com/?p=1473 Among the experts quoted by The Chronicle of Higher Education in its story about philanthropy and the financial crisis, Vice President for College Advancement Kelly Kerner came first. He told the Chronicle that fundraising veterans have a long-term focus. “It can’t just be about the moment. It’s about the horizon, and you have to meet donors where they are,” he said. The story said it’s too soon to know what the effects really are on giving. Better information will come at the end of the year (the story didn’t specify calendar or fiscal), when most donors make their gifts.

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Switching careers /news/2008/07/13/switching-careers/ /news/2008/07/13/switching-careers/#respond Sun, 13 Jul 2008 16:00:40 +0000 http://explorebates.wordpress.com/?p=400 Economic uncertainty is leading more and more people to consider big career changes. Some are seeking new fields after a layoff, while others seek just-in-case alternatives in anticipation of troubles ahead.

The frequency of job changes reflects the loss of job security, said ÀÖ²¥´«Ã½ economics professor James Hughes. The notion of a lifetime career has diminished with the decline of organized labor and company pension plans, which encouraged long tenure among workers, Hughes said.

Workers are now increasingly mobile, and employers often expect employees to move on to advance their careers. “The whole ‘company man’ idea — there was something to that in the ’60s and ’70s. But now you would be hard pressed, in the service sector particularly, to be at the same firm your whole life,” he said.

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