Word: wealthiest
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...glitzy celebratory gathering of its wealthiest alumni and donors, Harvard Law School announced that its five-year capital campaign raised over $476 million, making it the most successful in the history of legal education...
...minute address on the effects that the recent downturn in the financial markets might have on Harvard. The remarks, moved up to occupy the spot in the meeting agenda normally reserved for the business of the Dean of the Faculty, emphasized that, despite being the world’s wealthiest institution of higher education, Harvard would not make it through the downturn completely unscathed. Faust added that resources are being allocated to cope with the situation. “This University has survived revolutions, [a] civil war, downturns, and depressions, for more than 370 years, and our endowment enables...
...Part of the failure is due to mismanagement by the U.N., the International Monetary Fund, the World Bank, and other NGOs. Even though stupidity has been rife in implementation, the wealthiest donor nations have defaulted on pledges and must now increase aid by $18 billion a year to meet the original goal. Assistance has been anemic when it was supposed to be titanic. Bad situations will likely worsen with the financial implosion, especially in Latin America and Eastern Europe, where countries depend heavily upon foreign capital. Turbulence will mean compression of capital flows, labor immobility, and restricted access...
...Grassley and Senate Finance Committee Chairman Max Baucus sent their own questionnaires in January to the 136 wealthiest colleges and universities in the country...
...year of historic market turmoil, many of the nation’s wealthiest universities beat the trend of negative returns—with Harvard leading the pack. Though Harvard’s 8.6 percent return on its investments through June 30 was down significantly from previous years, it led a slew of universities with large endowments that managed to stay ahead of downward spiraling market prices. Yale announced late last week that its endowment rose 4.5 percent during the 2008 fiscal year—ending the year with $22.9 billion—and Stanford announced a 6.2 percent growth...