Word: wealth
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John Evans, director of wealth management at Truepoint Capital LLC, a wealth-advisory firm in Cincinnati, Ohio, says he's seen a 50% increase during the past six months in the number of clients nervously asking if they'll have enough cash for retirement and if they need to cut back spending or change their investment strategy. (Read "Why It's Time to Retire...
...past few months, FM has gathered some stats on the recession’s effects on Harvard, ranging from the obvious to the surprising to the potentially infuriating. Just remember: regardless of what our endowment is and what our administrators get paid, there is “a wealth of intellectual opportunity within this university.” Yeah, thanks, President Faust...
...schools are not created equal: The report reveals a remarkable wealth gap between the nation's institutes of higher education. Out of more than 2,250 public and private four-year schools, 18 had endowments averaging more than $500,000 per student as of June 2008. Of private universities granting doctorates, 10% of schools had 54% of the endowment wealth, averaging $1.5 million per student. Another 115 schools had endowments averaging $100,000-$500,000 per student, and the 2,000+ remaining schools had smaller endowments or none at all. Faculty pay varied widely as well. After adjusting for inflation...
This fact is served by asking whether a minority and a white person of nearly identical social status and wealth are treated the same way by society. The answer to this question is seen all around us in very tangible forms, from reports of spikes in racial animus toward the president, as documented by the Southern Poverty Law Center, to reports of continued racial discrimination in the workplace...
...process. But the idea that it should be a substitute to or should be emphasized to the detriment of race-based affirmative action does little to solve the problem of maintaining diversity and meritocracy in schools–and may even aggravate it. Even in a society with no wealth inequality between races, the experiences between races will be different—how we perceive each other and various historical influences make that fact unavoidable...