“If Harvard, Yale, and Stanford have to make cutbacks due to their endowments’ stock market losses, it stands to reason that those losses have caused them deep, and the rest of higher education even deeper, trouble. It stands to reason – but it is not true. Those wealthy universities are not really in the financial trouble their announcements of belt-tightening imply …” (more)
[Burton A Weisbrod and Evelyn D Asch, Change, Jan/Feb]