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...With perfect hindsight we and most other investors would have started this year in a more liquid position and with less exposure to some of the alternative asset categories that were hardest hit during FY 2009,” Mendillo wrote in the report...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Endowment, Largest in Higher Education, Plummets by 27% | 9/10/2009 | See Source »

Highlight Reel: 1. On reaching 2009 budget agreements: "Some might think that state lawmakers are uttering a collective sigh of relief now that most have their new budgets in place, but that is not the case. Dread is more like it. If FY 2010 budgets follow a pattern similar to the ones in the past two years, new gaps will emerge after the fiscal year begins-in fact, some states already are reporting new shortfalls just weeks into the new fiscal year...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...hurdles ahead in 2011 and 2012: "Nearly two-thirds of the states already project a budget gap in FY 2011. Of the remaining states, many note that it is simply too early to know if a gap will occur, although several indicated that one is likely. The size of these projected gaps raise warning sirens-loud ones. Several states will need to close double-digit budget gaps yet again...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...deficiencies of the economic-stimulus package, it has have been the glue holding states' tattered budgets together. And the boost it has offered will inevitably wane. "Several revenue failures are generating a lengthy chain of acute budget gaps," the report notes. "Because the current state fiscal crisis began in FY 2008, many states are looking at a minimum of four to five years of deep fiscal problems." The headline of one ominous section - "The Foreboding Future" - is really all you need to know. The rest is mostly just recession gore...

Author: /time Magazine | Title: Why States' Budget Woes Won't End Soon | 7/23/2009 | See Source »

...Institute has not planned or budgeted for reductions in student work opportunities during the summer or regular school year of FY 10,” he says...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: Students Feel the Pinch | 6/3/2009 | See Source »

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