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City University of Hong Kong researchers who compile the Hong Kong Consumer Satisfaction Index (HKCSI) reported the overall satisfaction level of local consumers dropped to a record low last year. They also identified a correlation between unemployment and the satisfaction index-the higher the unemployment, the lower the index. The HKCSI 2002 was released on 11 February.
In a time of economic recession and imminent, substantial cuts in public funding, Professor Robert Prichard, former president of the University of Toronto and President and CE" of Torstar Corporation, gave local universities an uplifting message: institutional advancement, pursued professionally and persistently, can make a powerful difference in opening new sources of alternative funding.