American-statesman's article “UT president calls for shifting money to attract talent” by Ralph K.M. Haurwitz published on Thursday, September 20, 2007 summarizes the speech given by UT’s President William Powers Jr. at this Wednesday state-of-the-university address.
In his article Haurwitz explains Powers new proposal to redirect part of the university’s budget towards “faculty salaries and graduate student stipends” to better compete for talents with schools such as University of Michigan, the University of California.

Powers already have a group of students and staff members working on the idea. He states in his speech that his proposal is necessary to attract talents and that the budget cut will not hurt the school.

The article also states Powers words on UT’s high racial and ethnic diversity and how UT is now the “third nationally in federal funding for universities without medical schools.”