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...percent return over the past year. Its endowment now totals $10.1 billion. The largest higher educational endowment to announce a loss so far, the University of Pennsylvania, dropped 3.9 percent on the year. But the Philadelphia school still bested the negative 4.4 percent median return of 165 peer institutions, as measured by the Trust Universe Comparison Service. While these returns pale in comparison to the consistent double-digit returns posted by the wealthiest university endowments over the past few years, they remain robust in light of the worst financial downturn in decades—one that has prompted...
...freshman advising system at Harvard has come a long way. Freshmen today have an academic advisor to help with course selection, a proctor to mediate roommate squabbles, and a peer advising fellow to mentor them in undergraduate life. But most upperclassmen would agree that there are certain things they wish someone had told them their freshman year: How to navigate through the new, exciting, and confusing world of college hook-ups. So freshmen, before you get your panties in a twist, or lose them altogether, take a look at FM’s guide for avoiding awkward sexual encounters...
...cards, which contain a chip that can be read from a short distance. Not only do these new “tap” cards eliminate the cumbersome process of swiping, but they bring Harvard up to date with modern security and forgery-protection present at most of our peer institutions. While these long overdue changes are quite admirable and long overdue, one major concern remains: sensitivity. Excitement surely captured us when we first felt the thicker, stiffer, more robust cards in our eager hands. We assumed that, armed with this new technology, we would only have to touch...
...prime shape when AmEx spat it out. To compensate for its relatively small size and skinny capital base, Lehman took risks that proved too large. To keep profits growing, Lehman borrowed huge sums relative to its size. Its debts were about 35 times its capital, far higher than its peer group's ratio. And it plunged heavily into real estate ventures that cratered...
Sophomores looking for course advice outnumbered freshmen, many of whom attended an ice cream social the previous night in Annenberg that featured concentration advising tables staffed by Peer Advising Fellows...