Harvard's Endowment Falls 30%

Harvard's endowment has not been spared the global economic downturn and the loss in trillions in assets. 12 months prior the Ivy League's investment fund stood at $36.9 billion, but registered at $26 billion on June 30. Pity old "Fair Harvard." What will America's legacy children of the top 5% do with only . . . $26 billion!!!

harvard university canteen RMc2D 19672

Let's appreciate their tragedy: Harvard has cut 275 staff jobs and has frozen salaries. So that means no enlightening post-modern course on question of Marxism in American lobbying and it also means that Alan Dershowitz will have to forgo a salary increase he believes he is entitled to for his increased Zionist propaganda from his new preach in the Jerusalem Post. Poor Harvard faculty.

The endowment is down 30% since the economic crisis. The fund covers a third of Harvard's expenses. And the university is not alone in declines:

Separately, Yale University reported its endowment fell 30.4 percent in June from a year earlier, to $16 billion. Brown University said its endowment declined almost an annual 27 percent in the same month, to $2.04 billion; its investment return fell 23.1 percent.

But Harvard has a comeback plan: fashion. Yes, the university is trying to generate a new revenue stream to make up some of the lose and as insurance against future loss: clothing line. Yes, because apparently for the people at Harvard Ralph Lauren is not WASPy enough there not has to be a pretensions line of Harvard wear.

And being elite, the line will not be affordable expect for people...who go to Harvard:

Trousers starting at $195, shirts at $160 and up, and sportcoats costing $495 have been designed to reflect Harvard’s “quality, heritage and excellence.”

Yes, the clothes will reflect Harvard’s well-known “excellence” in sowing! Again, I repeat: There already is Ralph Lauren!!! Anyone wearing this piece of garbage invites a big “Fu#k you!”