Word: yaleness
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...Harvard line caused quite considerable head-scratching in fashion and academic circles when it was announced in August. Naturally, there was snickering on Yale student websites, but that subsided after Harvard asserted that the money was going to fund scholarships for low-income students. What better reason to monetize its élite status than to admit students from outside the élite...
...Yale...
Meanwhile, a 61-year-old retired Yale employee armed with a gun and ammunition, believed to be targeting Yale's HR building, was spotted and arrested on the same block. “We presume that he was headed toward a University building because it’s all University buildings around there,” University Vice President and Secretary Linda Lorimer told the Yale Daily News...
...Anyway, Yale's endowment has fallen $1 billion more than expected, and their provost has shaved off his signature mustache, so we're left to conclude that New Haven might be a bit off kilter...
Yale’s endowment fell $1 billion more than expected to $16 billion in the fiscal year ending June 30, marking a 30 percent decline in value, Yale University President Richard C. Levin announced yesterday. In an e-mail to faculty, staff, and alumni, Levin wrote that previous projections of a 25 percent endowment drop had not accounted for the continued slide in private equity and real estate holdings even after stock markets began to rebound this spring. The unexpected additional fall in the endowment will lead to a 6.7 percent decrease in endowment payout this year and another...