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Emerging market equity represented 10 percent of Harvard’s total portfolio and returned 7.6 percent in the fiscal year ending last June 30, according to University reports. Fixed-income bonds represented 13 percent of the University’s holdings, while real assets—such as real estate and investments in timber and agricultural land—comprised 26 percent...
...Harvard’s endowment, valued at almost $37 billion last June, lost roughly 22 percent of its value by the end of October, and amid subsequent belt-tightening measures—including a November hiring freeze on FAS staff—some staff have expressed concerns about the potential for layoffs...
...School of International and Public Affairs, where service-oriented careers are emphasized, the percentage of graduates who enter public service following graduation has dropped by half in just one generation. In Harvard’s Class of 2008, OCS’s senior survey results indicate that just two percent of seniors are employed in government at graduation...
...next few years, up to 57,000 inmates may walk free from California’s prisons. On Monday, a panel of federal judges ordered the state to reduce its incarcerated population by up to 40 percent within a two- to three-year period in order to relieve severe overcrowding. The court stated that overcrowding was the primary reason for what it called “unconstitutional conditions” in California’s prisons—conditions that judges said were so poor that prisoners regularly commit suicide or die from lack of adequate health care...
...This drastic nature of Monday’s ruling underlines the serious practical problems within not only California prisons, but also within our current prison system as a whole. Prisons at around 200 percent capacity—with thousands bunked in hallways and gyms for lack of housing space—cannot possibly provide an acceptable level of medical or mental health care to inmates. In addition to prompting action to reduce overcrowding, we hope that the court order will also be viewed as a call for a more thoughtful, long-term evaluation of our theory of punishment. Strategies such...