Word: june
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Harvard’s endowment, valued at almost $37 billion last June, was buffeted by current financial conditions, losing roughly 22 percent of its value by the end of October and sending the University scrambling to find ways to trim costs. Amidst subsequent belt-tightening measures—including a hiring freeze on FAS staff announced in November—the specter of possible layoffs has loomed over some staffers worried that their jobs may be in jeopardy...
...office” and support personnel, according to University spokesman John D. Longbrake. HMC—which currently employs more than 200 people—has faced heightened scrutiny in recent months as University officials prepare for a projected 30 percent decline in the endowment for the year ending June 30. Harvard’s endowment, valued at almost $37 billion last June, was reported to have lost over $8 billion—or roughly 22 percent—by the end of October. But other market indices posted even worse returns, with the S&P 500 falling 24.6 percent...
...five percent decrease, according to FAS Dean Michael D. Smith. A five percent reduction in endowment income would translate into an $80 million decline for the entire University from the $1.6 billion paid out last year. Harvard officials have projected a 30 percent decrease in the endowment from its June 2008 value of $36.9 billion. Even with a five percent decline in spending, the payout rate would be nearly 5.9 percent—a number that would be the University’s highest in over 20 years. Similarly, the School of Public Health is now expecting a two percent...
...Country Discount. Going head-to-head with Virgin America, which just started new service to Boston, JetBlue is offering $105 one-way tickets between Los Angeles and Boston or New York's JFK. There are some restrictions: fares are valid only for travel on Tuesday, Wednesday or Saturday between June 17 and July 24, excluding June...
...Shanghai from Newark. From cities such asa Houston, Miami and Cleveland, the fare is just $888 round-trip to Shanghai on flights that connect through Newark. Tickets must be purchased by Feb. 28 for outbound travel from March 25 to April 30; all travel must be completed by June...