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University officials may increase endowment spending by as much as $50 million this year in light of a Massachusetts state law passed this summer, but they have not yet decided how to take advantage of the new legislation, Harvard’s Chief Financial Officer Daniel S. Shore said in an interview this month...
...coursepack and memorizing countless dates, try hanging around the mill’s old doorways. You might just catch a glimpse of an ancient worker in authentic Victorian garb. If, on the other hand, you find yourself up at 8 a.m. staring at a blank wall, FM does not take responsibility for any failed midterms, gaping professors, or general humiliation...
...investment philosophy as a result are themselves off the mark. Insisting upon conservative money management looks good now, but the benefit of hindsight will always change the evaluation of an investment. Smart management demands flexibility—this does not preclude conservative investment, but the willingness to take risks is a critical characteristic of successful money management. Such risk can, of course, generate significant return, as evidenced by the success of Harvard’s managers before the credit crunch. A bad episode (in this case historically bad) will naturally give pause but should not force Harvard to abandon more...
Despite the apparent Obamamania, however, some remained skeptical. James S. DeLuca, a volunteer for Green Peace was one of a crowd of environmentalists protesting outside the speech. He said before the speech that Obama had not come out to say exactly what course of action the U.S. needs to take. “You can’t just put a piece of electrical tape over the check engine light,” DeLuca said...
Though his day in Boston was short, Obama still managed to create quite the stir. Suri, take note...