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UO E-clips, Dec. 2
Top stories for December 2, 2008: 'Made in Oregon' sign's change to 'University of Oregon' draws more attention from The Oregonian; UO economist Tim Duy is quoted in the Washington Post in its story titled 'Flight to U.S. Treasury Bonds is bad news for the economy'; and some UO projects' future were mentioned in the Register-Guard's coverage of the governor's budget plans during the state's current economic downturn
Oh, deer. 'Made in Oregon' on its way out in Old Town (The Oregonian): The University of Oregon wants its name in lights. Crushing the Beavers' Rose Bowl hopes just ain't enough. Ramsey Signs, owner of the famous "Made in Oregon" sign on the west end of the Burnside Bridge, has started the process of changing the words to read: "University of Oregon." The school now occupies the building on the so-called White Stag block. The sign's deer, state outline and props to Old Town will stay the same, according to the company's proposal to the city. And Rudolph's red nose will still be around during the holidays.
Flight to U.S. Treasury Bonds is bad news for the economy (Washington Post): If Americans had mattresses big and secure enough to stuff hundreds of billions of dollars into, they wouldn't have to buy U.S. Treasury bonds to keep their money safe. Instead, nervous investors have fled from stocks, corporate bonds and municipal bonds and run to the safety of the U.S. government, buying Treasury bonds and driving their yields to record lows. ... It means bad things," said Tim Duy, a former Treasury economist who is now director of the Oregon Economic Forum at the University of Oregon. "Many people would have thought rates this low would be inconceivable because it signals economic conditions far worse than what anyone had ever expected."
Governor foresees need for priorities (Register-Guard): Thousands of Oregonians would lose their in-home care and child care, state-sponsored health insurance would expand, and students from preschool to universities would get through the next two years relatively unscathed under a spending plan unveiled Monday by Gov. Ted Kulongoski. With Oregon getting pulled into a global economic recession, its income tax revenue is falling ... It also calls for $980 million worth of bond-funded capital projects on campuses. That includes the renovation of the University of Oregon’s Straub Hall and the completion of the Fenton Hall project at the Eugene campus. The UO also would get a share of a $75 million allocation for renewable energy projects. The UO’s share would upgrade its power station and potentially plunging deeper than currently projected. That, Kulongoski said, means he and the Legislature must prioritize their use of more-limited revenue.