- Could Harvard woes leave Ignatieff looking at EI?
-
Say you're a Harvard professor and you decide to dabble a bit in politics. You decide to move back to Canada in hopes of becoming prime minister. Shouldn't be that hard. Before you go, you tell the school paper that if things don't work out, you'll probably return to Boston and pick up where you left off.
That would appear to have been Michael Ignatieff's plan, but things might not work out the way he was hoping. Harvard is going through some tough times. According to Boston magazine, its endowment, onces a porcine $37 billion, is down about $11 billion due to some unfortunate investment setbacks. And since it's not making any money, Harvard has to withdraw about $1.4 billion from capital to cover its operating costs, which would normally have been paid for out of profits. Which leaves a relatively paltry $24 billion left in the fund.
An Internet Fisherman who uses barbless hooks and this one dimensional world as a way of releasing the frustrations of daily life. This is my pond. You are welcome only if you are civil and contribute something to the ambiance. I reserve the right to ignore/publish/reject anon comments.
No comments:
Post a Comment