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...universities surveyed, the 52 institutions with endowments valued at $1 billion or more reported the largest declines—an average of 20.5 percent—according to a report released yesterday by the National Association of College and University Business Officers. Harvard’s investment losses this past year amounted to 27 percent of the endowment’s total value, or about $10 billion...
Several of Harvard’s wealthy peer institutions faced similar losses in fiscal year 2009. Last year, Yale’s endowment—higher education’s second largest after Harvard—fell 25 percent, and Stanford’s endowment fell by 27 percent...
...might be easy to forget that just over a week ago, Haiti experienced its largest earthquake in 200 years, resulting in tens of thousands of deaths, hundreds of thousands of injuries and infections, and unthinkable devastation in the capital of Port-au-Prince. The media has already begun to turn its focus to other issues, but we must not forget about Haiti so soon—not again...
Thank you, Harvard, for video taping one of the largest classes here. We like, recognize, and appreciate. | Tu., Th. 10-11:30. Link...
...same body to announce, "Now is the time to act boldly and wisely." That bold wisdom has, in the course of a year, been transformed into a much more qualified vision of something short of significant legislative failure. "To Democrats, I would remind you that we still have the largest majority in decades, and the people expect us to solve some problems, not run for the hills," he said. (See pictures of Barack Obama's first year in office...