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Known as the Uniform Prudent Management of Institutional Funds Act, the legislation would aid universities by eliminating the “historic dollar value” rule currently in effect in Massachusetts. The rule, a product of legislation dating from the 1970s, prevents institutions from spending from a particular endowment fund if its value falls “underwater”—below levels pegged to a specific point in time, such as the donor’s date of death...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Bill May Allow Flexibility | 1/28/2009 | See Source »

...Brien said he never bothered to apply for this money before, as he was wary of becoming dependent on such aid...

Author: By Michelle L. Quach and Peter F. Zhu, CRIMSON STAFF WRITERS | Title: Square Bookseller To Close Bookstand | 1/28/2009 | See Source »

Almost 400 families, many with lost jobs and wages, have dropped by the center since the community opened it in late November to connect people to resources like food stamps, legal aid and unemployment benefits. "It's just snowballed," says Maryn Olson, the coordinator. "People need decent jobs with a secure income, decent housing. There is hope here, but there are so many uncertainties that there's a lot of fear...

Author: /time Magazine | Title: Iowa: What Happens When a Town Implodes | 1/28/2009 | See Source »

While other Iowa communities devastated in 2008 by floods and tornadoes have received government aid, relatively little is available for Postville, once a vibrant community of some 2,300 people. "They don't have money for an economic humanitarian disaster. Believe me, we've asked," says Darcy Radloff, the city clerk. Two AmeriCorps Vista volunteers were recently assigned to Postville, and the town, known for its inflated rental properties, has received almost $700,000 in government grant money to help residents pay rent and utilities (although reported problems include landlords' reluctance to accept the payments because they're lower than...

Author: /time Magazine | Title: Iowa: What Happens When a Town Implodes | 1/28/2009 | See Source »

Read about the new battle over financial aid...

Author: /time Magazine | Title: Virginia Parents Fight for Easier Grading Standards | 1/28/2009 | See Source »

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