Tuesday, October 28, 2014

Libertarians endow U of Maryland business centre

Libertarian donors fund new research center at UM's business school - Baltimore Sun - Carrie Wells:

October 27, 2014 - "A foundation led by the owner of the Philadelphia Flyers hockey team and the Charles Koch Foundation have pledged $6 million to create a new center that will study enterprise and markets at the University of Maryland's business school.

The center will be dubbed the Ed Snider Center for Enterprise and Markets after a $5 million donation by Ed Snider, a Maryland alumn[us] and chairman of Comcast-Spectacor, which owns the Flyers.

"With another $1 million from the Koch Foundation, the university can hire three professors and a managing director, in addition to support staff, five doctoral candidates and four post-doctoral fellows.

"Koch and his brother David run Koch Industries, an oil, gas, and chemical conglomerate that is the country's second-largest privately held company.

"The Koch brothers are known for financially backing libertarian and free-market organizations, supporting conservative political causes, and helping to found other economic and policy think tanks like the conservative Cato Institute....

"University of Maryland officials said the center will conduct its hiring and research independently of the donors. The $5 million gift from the Snider Foundation is the second-largest in the business school's history after the $15 million naming grant from Robert H. Smith in 1997....

"Snider, who recently recovered from cancer, also is known for his libertarian views. He helped found the Ayn Rand Institute and was executive producer of the film 'Atlas Shrugged: Part I,' based on one of the libertarian author's books."

Read more: http://www.baltimoresun.com/business/bs-bz-um-snider-center-20141027-story.html 

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