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...endowment internally managed is important not just because of savings on management fees. A “hybrid” endowment—one managed both internally and externally—allows Harvard to reap returns from areas that endowments piecemealed out to hedge funds can’t touch. Harvard can also make moral decisions with its internal money, like it did last year when the Harvard Corporation directed HMC to divest from PetroChina. By speaking out against “high” salaries at HMC, members of the Class of 1969 are effectively calling for external management...
While in the past, many students had said they studied Arabic to get in touch with their heritage, today they are joined by more and more students hoping to gain perspective on global politics...
...Dangerously Out of Touch? Matthew Cooper's article "Dipping his Toe into Disaster" discussed Bush's awkward and slow response to Katrina [Sept. 12]. But the point is not the political tone-deafness of the President or his handlers. It is whether his incompetence and that of his appointees have cost the lives of Americans. While the White House was working on speeches, people all along the Gulf Coast were desperate. They needed food and water, not rhetoric. Taylor Hebden Bloomington, Illinois...
There are countless statistics which convey the large proportion of humanity that lives in an extreme poverty that will never touch Harvard’s halls. Statistics, however, remove poverty from the conceptual argument. For example, readers of this very page generally view the illiteracy that is characterstic of extreme poverty as the inability of individuals to read, when, in fact, the same is true for the inability of literate individuals to comprehend what it means not to be able to read. The challenge for readers of this page is not bringing others to understand these words, but understanding...
...approaching a typical gay life. Carrasco says Exodus has helped him develop some heterosexual attractions, but I met very few at the conference who claimed to be completely straight. (At least two of the young men--one 21, the other 18--hooked up that week and still keep in touch...