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...endowment is like a herd of dairy cows, grazing just like Faith in Harvard Yard. Each day we milk the cows and sell the milk to help pay the bills of Harvard College...

Author: By Michael D. Smith | Title: Husbanding Harvard’s Resources | 9/15/2009 | See Source »

...other times, the milk we sell brings in less money than our current bills. To pay our bills, we have to sell some of our cows. But we must be very cautious how we thin the herd, because selling cows to fund current expenses means that we will have less milk to sell next year and less money to fund future expenses. If we don’t plan carefully, we will have to sell even more cows at the end of next year, or begin to cut our future expenses...

Author: By Michael D. Smith | Title: Husbanding Harvard’s Resources | 9/15/2009 | See Source »

...this fictional world, the global financial crisis that affected Harvard and all of us last fall is a disease that killed off 27.3 percent of our herd. Looking to the future, we know the remaining cows will not produce enough milk to pay our bills...

Author: By Michael D. Smith | Title: Husbanding Harvard’s Resources | 9/15/2009 | See Source »

...combat the spread of the virus. Prevention, as we all know, is surely better than desperately seeking a cure, and schools may soon become the breeding ground for a deadlier strain of the virus. As a precautionary measure, all nations should shut down schools till some sort of herd immunity is attained. Let's understand that it is more practical to safeguard our children in our homes against the upsurge of swine flu than it is to subject them to contamination in public. The swine-flu pandemic is a grave threat and should be treated as an international emergency...

Author: /time Magazine | Title: Inbox | 9/14/2009 | See Source »

...Agriculture Secretary does concede that the absence of the virus among American hogs so far does not mean that the herds will remain clean. He reported government scientists have thus developed a master seed strain of H1N1 that they are making available to five veterinary-drug makers that can prepare vaccines to be rolled out if and when any herds come down sick. "By making the seed virus, we estimate we've saved two to four months of development time. We hope the manufacturers will now make the vaccine," said Vilsack. The Agriculture Department is also stepping up surveillance efforts...

Author: /time Magazine | Title: Pork Gets a Swine Flu Bailout | 9/11/2009 | See Source »

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