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Seattle’s Cornish College of the Arts declares financial emergency

Seattle’s Cornish College of the Arts declares financial emergency

Cornish College of the Arts, a 106-year-old private arts school in downtown Seattle, announced this week it’s undergoing a financial emergency, though the president of the school assured the community it’s not planning to close anytime soon.

The school’s Board of Trustees unanimously voted on Oct. 6 to approve a resolution to declare financial emergency and financial exigency, a move Cornish President Raymond Tymas-Jones called a “necessary next step toward our economic recovery and our transition to a new, more sustainable business model.”

“This is a tough time, but with the fortitude and commitment of an extraordinary faculty and staff, I really believe we can come up with a plan that will allow us to recoup and bounce back, so there is no discussion or planning of closing our doors,” Tymas-Jones, who took over as president about two years ago, said Tuesday morning. “Right now, we are taking the steps necessary. That’s why the declaration was made.”

After Cornish transitioned to a 100% remote learning model in March, its enrollment numbers were hit hard, suffering about a 17% decrease, Tymas-Jones said. Last fall, 591 full-time students were enrolled, compared to 479 students this fall, he said. Ninety-two students took a leave of absence, and Tymas-Jones said he wasn’t sure how many were planning to return in the spring.

“Cornish is a tuition-drive institution, so our operating revenue is basically generated through tuition,” he said. Last month, school leaders adjusted the annual budget by about 8% because the college didn’t hit its target of 520 students this fall, which created an “immediate strain,” Tymas-Jones said.

“We have had some employees take a cut in pay. We did apply cost of living increases for staff and faculty, but we have had to make other adjustments in our budget and absorb other reductions

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College football Week 6 scores, Top 25 analysis and must-see moments

College football Week 6 scores, Top 25 analysis and must-see moments

Welcome to Week 6 of the college football season. We’re just two weeks out from the Big Ten joining the mix.

This week, there’s a big test with No. 7 Miami visiting No. 1 Clemson, just the fifth ACC game featuring two top-10 teams since 2014, when the College Football Playoff era began. What Miami is up against: Clemson’s 24-game home winning streak, the longest active streak in the FBS.

Tennessee has its own streak to break. The Vols have lost 33 straight games to AP top-10 teams heading into the afternoon game at No. 3 Georgia.

Texas and Oklahoma will meet at the Cotton Bowl in Dallas, which will be odd without the State Fair of Texas going on outside. They’re also both coming off a loss for just the ninth time in the 116 years this game has been played. Still, the pure vicious disdain these two have for each other will flow through the stadium.

And Florida brings its two Kyles (Trask and Pitts) to Texas A&M’s Kyle Field (which Trask says he was actually named after). Big day for Kyles.

We’ll be here all day to keep you updated.

Top 25 games

All times Eastern. Lines courtesy of Caesars Sportsbook

No. 4 Florida (-6.5) at No. 21 Texas A&M, noon, ESPN/ESPN App

No. 19 Virginia Tech at No. 8 North Carolina (-5.5), noon, ABC/ESPN App

Missouri at No. 17 LSU (-14.5), noon, SEC Network alternate/ESPN App

No. 22 Texas at Oklahoma (-2), noon, Fox

No. 14 Tennessee at No. 3 Georgia (-13), 3:30 p.m., CBS

UTSA at No. 15 BYU (-34.5), 3:30 p.m., ESPN2/ESPN App

Texas Tech at No. 24 Iowa State (-12.5), 3:30 p.m., ABC/ESPN App

Arkansas at No. 13 Auburn (-16.5), 4 p.m., ESPN/ESPN App

No. 7 Miami at No. 1 Clemson (-14), 7:30

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5 Superior Enterprise Ideas From The Minds Of South African College College students

5 Superior Enterprise Ideas From The Minds Of South African College College students

Business news,Business daily,Business ideas,Business insider,Business letter,Business line,Business plan,Business proposal,Business times,Business world,Online businessLook here for concepts for starting a business and for including new services and products to an current business. If the topic of an analogous product or service comes up in the presentation, not only will you be prepared to debate it, but you’ll also be able to turn it to your advantage by explaining why your small business idea has the sting, and what will make customers purchase your services over theirs. An Intuit survey discovered that 64% of small companies begin with $10,000 or less and 75 p.c of business homeowners depend on their private financial savings to launch.

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Even if you resolve to depart the home, there are greater than enough business concepts floating around that require little time and assets to launch. With a artistic thoughts and some marketing chops, you can create a worthwhile digital agency. After all, even if I had business ideas to offer out, I couldn’t give everybody the identical business concepts.

I see two routes to success on this business: 1) Focus on artists with effectively- established followings that you’re comfortable which you could sell or 2) Tackle less nicely-recognized artists on a consignment foundation, which means you don’t really purchase the portray from the artist until the day you promote it. This can be a finicky business-folks’s tastes can change and a gallery … Read the rest