UNF administrators did a very smart thing a few years ago. They began planning and putting money away for a rainy day. And with the state, local and national economy facing a downturn and learning institutions across Florida being hampered by budget cuts, that rainy day has now come. But while other state institutions are scrambling to avoid drastic measures, UNF only has to tap into its reserve funds. The result: UNF accomplished a feat many other state universities could not – improving the learning level by bettering the campus community.

J acksonville citizens, including several UNF students, participated in the “End the Fed” rally Nov. 22 downtown at the Jacksonville Federal Reserve Building. Approximately 150 people gathered to protest the Federal Reserve and Treasury Department’s bailout of Wall Street and the planned bailout of the automakers. The rally was part of a 39-city protest. Some cities had thousands of supporters listening and chanting to Republican and emocrat elected officials who opposed thebailout. Police officers (right) were called in to videotape the protest.

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What industry should the government bail out next?

The case for the auto industry bailout has been presented on several occasions as a way to help the economy from collapsing since too many people depend on the health of that industry. The problem with this argument is that bailing out the auto industry does not guarantee its success in the future at all. Regardless of how costly it would be to let the companies fail now, it’s preferable to what their failing business model could cost at a later time. Unfortunately, the reason government is usually not desired in running businesses is that profit maximization and public policy require different actions.