Bailing out Tulane: Some issues...
Tulane needs a 200,000,000 fema grant
Tulane needs $200,000,000 from FEMA, immediately, or it might well go under. Why could it go under? Because $100,000,000 is about 7,000 times 15,000, which I estimate is the stream of anticipated tuition for this semester, and if Tulane has gotten it from a student already, frankly, Tulane kinda owes it back to his or her family. And if Tulane pays them back, how can it pay its profs, its workers, its hospital staff, its coaches. I am adding 100,000,000 for next semester and hospital revenue such as it is.
Tulane is the largest employer in New Orleans. It is the third largest employer in Louisiana. More than its buildings and its bars, New Orleans is its people. So lets get together and get the FEMA money to the place it needs to go first and foremost — Tulane
--Susan Leboff, Tulane mom, at 7:36 am EDT on September 3, 2005