Harvard Scrambling To Pay Its Bills
New York Times:
Harvard may be the nation's wealthiest university, but it is short on cash.
The school relies on its endowment to generate a third of the money for its operations, and the endowment is on the verge of posting its biggest loss in 40 years. With much of its money tied up for the long term, it is scrambling to meet some obligations.







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New York Times | GERALDINE FABRIKANT | 02/21/09