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Colleges and universities are getting some harsh lessons in economics, as financial and demographic realities collide with the loftier ambitions of academia. This problem isn't specific to Northeast Ohio, but it's hitting the region hard. Schools including Baldwin Wallace University, Cleveland State University, Lake Erie College and Lakeland Community College are facing financial challenges of varying degrees of severity.
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When evaluating the historical evolution of the ICT sector, there is one important aspect that stands out. Prices have come down in substantial segments of the sector. This especially holds true for hardware such as phones and PCs but also for prices of mobile communication. One of the other notable aspects in this context is the provision of free services, through open-source projects or advertising driven models.
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