Word: billioned
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...college student, I understand the impulse to rebuke injustice, but I also understand that Harvard is both a school and an independent corporation. Therefore, Harvard must navigate its way through the myriad financial difficulties that face any multi-billion dollar organization while acting in a responsible manner that befits its end goal of undoing social disparity and serving society...
...think basically that we can’t live through a day without making an impact, that we should spend a bit of time thinking about the consequences of the choices we make each day and realize that if they’re multiplied a billion times you start to see the kind of change that we must have if we care about the world for our future. There’s no point in me trying to kill myself to try to save chimps or forests, or for anybody trying to save anything, if the same old business...
...Protect Nantucket Sound. They object to the wind farm’s aesthetic damage and possible effect on tourism, as they believe that Cape Cod is an historical sight that should be left untouched. Others argue against the cost of the project, estimated to be between one and two billion dollars. Still others believe that this is a sign of excessive corporate power over American public space, and fishermen are worried about the effect on fishing grounds. A final complaint concerns the effect Cape Wind will have on the area, which is an ancient burial ground for Native American tribes...
Fortunately, that school is Harvard. While we’re sure you’ve heard of Harvard’s $26 billion endowment, the majority of it is restricted, so funding for much of what we’ve described depends on unrestricted alumni donations...
...University has over $6.5 billion in outstanding debt—though not all in the form of tax-exempt bonds—which it has used to finance capital projects such as Harvard Law School’s Northwest Corner Building, as well as to refinance other debt, according to a January report from Moody’s Investors Service...