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...percent target, leading University leaders to seek new methods to increase spending from the endowment. But the recent decision to continue accepting new projects comes amidst a dramatic decline in the value of the endowment, which has pushed the projected payout rate for next year to over 6 percent??€”the highest the University has seen in over two decades. With payments already projected to overshoot the desired five-percent mark, additional strategic spending will only push spending farther from the target. University spokesman John D. Longbrake wrote in an e-mailed statement that the decision to maintain...
...Making the investments necessary to create engagement in inner-city communities will require a titanic paradigm shift within the environmental movement. Currently, the five largest traditional environmental groups have a budget of $325 million. Yet only $49 million of that—barely 15 percent??€”goes to environmental groups that work with lowincome and minority communities. There can be no disparity between these numbers if new communities are to be brought into the environmental movement...
...time to keep one’s mind open to unconsidered academic and job possibilities. While not having one’s life plotted out can be terrifying, given economic conditions—663,000 more jobs were cut last month, bringing the jobless rate to a record 8.5 percent??€”the danger may lie not in planning too little, but too much. According to U.S. Department of Labor estimates, the average American changes careers three to five times in his lifetime, making flexibility imperative. Perhaps it’s time for Harvard students to embrace the terror...
...plan, she said. Almost all of the principles of Cambridge’s 12 elementary schools were in attendance at the meeting, in addition to the principal of the system’s only high school, Cambridge Rindge and Latin. Nearly three-quarters of the budget—74.5 percent??€”is allocated to expenditures in schools, roughly the same proportion as last year. The budget would preserve small elementary class size and keep the student teacher ratio at about 18:1. Three new kindergarten classrooms were also included in the budget, as projected kindergarten enrollment in the coming...
...projected amount spent on financial aid next year is set to increase by 18 percent??€”surpassing the Financial Aid Office’s expectations, according to Sally C. Donahue, director of the Financial Aid Office...