Sunday, December 28, 2008
Tuesday, December 23, 2008
Sunday, December 21, 2008
Wednesday, December 17, 2008
Thursday, December 04, 2008
Harvard University's endowment suffered investment losses of at least 22% in the first four months of the school's fiscal year, the latest evidence of the financial woes facing higher education.
The Harvard endowment, the biggest of any university, stood at $36.9 billion as of June 30, meaning the loss amounts to about $8 billion. That's more than the entire endowments of all but six colleges, according to the latest official tally.
Harvard said the actual loss could be even higher, once it factors in declines in hard-to-value assets such as real estate and private equity -- investments that have become increasingly popular among colleges. The university is planning for a 30% decline for the fiscal year ending in June 2009.
Tuesday, December 02, 2008
In my last post, I pointed out the unusual power aliens have over the indwelling spirits of Earthling machinery. Now I wonder if the aliens actually are those spirits. It makes sense. These techno-sprites would have planted the seeds of technical inspiration in human heads. They would be the real ghosts in the machine. So in films like The Day the Earth Stood Still, the techno-sprites are reminding us that they, not we, are the true inventors; if we thing think we are in control of our gadgets, well, think again!