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Wednesday, March 2nd, 2005

Issue 5.08 March 2, 2005

LET’S GO CANADA

Europe Calling

ABROAD PERSPECTIVE

Language Studies No Longer Popular in Brittian

OVER THE COUNTER

New Fee For Foreign Workers in the U.S.

GLOBE TIPPING

Currency Exchange

LET’S GO CANADA- Europe Calling

Business schools in the U.S are facing tough competition from their European counterparts post September “9/11.” In recent years, foreign students looking for a professional qualification have been heading to top European business schools such as IMD, ESADE, INSEAD and Oxford. According to “Open Doors 2004,” published by the Institute of International Education, the number of international students studying at U.S. business schools dropped 4.9% in the 2003-04 academic year.

At the same time, European business schools have reported an increase in enrollments. According to BusinessWeek, “since 2001, enrollment at Barcelona-based ESADE has increased by 700% for Chinese students, 400% for Indians, and 150% for Americans. The increase over the same period at INSEAD and IMD was, respectively, 50% and 66% for Chinese students, 155% and 133% for Indians, and 91% for Americans at both schools.”

Europe’s attraction: short, focused “one-year programmes” as opposed to two-year courses offered by U.S. schools. These are ideal for professionals not wanting to take a long break from work. Also, European business schools offer an international curriculum with a special focus on languages. While Canadian graduate business schools benefit somewhat from the movement away from the U.S., they have the same challenge to sell “North America” in a world that is becoming increasingly more global and less focussed upon the continent which hosts the United States.

Source: “http://www.businessweek.com/bschools/content/feb2005/bs20050211_8028_bs001.htm,” BusinessWeek, February 11, 2005

ABROAD PERSPECTIVE – Language Studies No Longer Popular in Brittian

A study commissioned by UK’S Department for Education and Skills (DfES) has revealed that language studies are declining in popularity at British universities. The report also states that there has been a 15 per cent drop in the number of undergraduate students studying languages between 1998-2002.

The languages lowest on the popularity charts are: Scandinavian languages (down 27%), Latin American languages (down 31%), Russian (down 27%) and Japanese (down 23%).

The report urges the British Government to take note of students’ diminishing interest in language studies, and take measures to revamp the National Strategy on Languages. The report has recommended that the Government declare some languages as “subjects of strategic importance.”

http://www.guardian.co.uk/uk/2005/feb/25/politics.highereducation,” The Guardian, February 25, 2005

http://news.bbc.co.uk/2/hi/uk_news/education/4297433.stm,” BBC News, February 25, 2005

OVER THE COUNTER – New Fee For Foreign Workers in the U.S.

A new U.S. Federal law will make it more expensive for American colleges and universities to recruit foreign faculty, researchers and medical residents holding H-1B visas. Starting March 8, 2005, U.S. colleges will have to fork out a US $ 500 (CAD 615) anti-fraud fee for each foreign employee hired with an H-1B visa.

Critics of the new mandate fear that the law may have an adverse effect on recruitment of foreign scholars at a time when most universities have to cope with diminishing budgets. A section of the academic community feel that the law may have been designed to keep foreign workers at bay.

Source: “http://www.mndaily.com/articles/2005/02/18/63316,” Minnesota Daily, February 18, 2005

GLOBE TIPPING – Currency Exchange

There are many ways for you to change or get money when travelling, and just as many currency valuations for you to consider. One of the best ways is to simply use your credit card for most transactions. Usually, exchange rates when billed by credit card are reasonable, and not the poor rates you might get with currency traders and banks with whom you exchange cash or travellers cheques.

Credit card transactions also consolidate all your bills for accounting and tracking purposes and depending upon the billing cycle, give you more than 30 days to make the payment. If you use your credit card for cash advances – make sure to check first with your credit card company. You may need to have a credit balance in your account in order to avoid costly interest charges and service fees.

Please direct all questions and comments to editor@higher-edge.com
www.higher-edge.com/oov.htm

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