Word: downturned
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...billion endowment is the largest in higher education, though it trails Princeton’s $16 billion endowment on a per-capita basis. Under increasing scrutiny, Harvard and other wealthy universities have defended their sub-five percent payout rates as necessary to build a cushion against periods of financial downturn. Several of Harvard’s schools are heavily dependent on endowment money to fund their operating budgets. While some Harvard schools, like the School of Public Health, draw most operating revenue through grants and tuition, others, such as the Faculties of Arts and Sciences and the Divinity School rely...
...Harvard investment managers, that folded last July and took $350 million of Harvard’s money with it. Despite this early blow, Harvard Management Company, which invests the University’s endowment, credited its practice of monitoring external investments with keeping total returns in the black. The downturn accelerated in recent months as lenders spooked by steep losses and high-profile bank failures have tightened their purse strings. While recent government intervention has calmed markets somewhat, Harvard’s money managers wrote in their annual letter to investors announcing this year’s returns that they...
...through rocky times, or worse, there are rumors of a layoff at your company. Corporate loyalty is history. Outsourcing is moving up the food chain. Is there anything you can do to protect your job? Not always, but this book offers a good road map for surviving an economic downturn. Don't sit there smugly and assume that your sterling credentials will save you, says the author bluntly: "Got a swanky Ivy League degree? How nice. Here's the cold hard truth: if you don't click with your boss, all that merit and pedigree won't get you anywhere...
...Hong Kong's democracy movement crested in 2003, when SARS, a steep economic downturn, and a controversial security law galvanized massive street protests. Since then, the pro-democracy parties have fractured and their influence has waned. Sunday's turnout of 45% was down almost 11% from 2004. "There's a little sense of political impotence and apathy," says the Civic Party's Cheng, who is also a political science professor at City University of Hong Kong...
...Many still depend heavily on net tuition to pay for operating costs, including faculty salaries and facility maintenance. That may be especially true at public schools - which educate 75% of undergraduates in the U.S., compared with the Ivy League's 1% - as funds decrease substantially during the ongoing economic downturn...