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Times are tough all over -- or are they?  The Detroit News reports today that The University of Michigan is weathering the economic downturn just fine, thank you.  In terms of finances, the big school in Ann Arbor is doing better than most universities across the country and far better than its in-state rival in East Lansing.  The UM has been able to raid other institutions for top-ranked research faculty and is completing or about to break ground on huge campus construction projects, spending tens of millions in the process.  Indeed, these are boom times at The University of Michigan:

U-M President Mary Sue Coleman boasted of the school's ability to "capitalize on the economic downturn" during her annual State of the University speech in October. "If there is a benefit to the recession and the fact our peers are not making (job) offers, it is that the University of Michigan is in an opportune position to recruit ... (and) move forward with a research expansion unlike any other in higher education," Coleman said.