A Wall Street Ejerkashun For AmeriKa's Kids

Why would they want you to go to school? They gonna need troops for the wars!

But it sure is an education, kiddos!!!

"Funding crunch has colleges scrambling; Sweeping plans altered or halted" by Peter Schworm, Globe Staff | December 8, 2008

For years, it seemed simple: Donations rolled in, the booming stock market multiplied them, and college endowments swelled. At the wealthiest schools, millions became billions, and even small colleges amassed sizable fortunes.

Well, where did they spend it? It sure wasn't on the kids.

Related: Harvard's Investment House

But with the Wall Street collapse this fall, all bets are off. Now, colleges across the country that have watched years of double-digit returns wash away are scrambling to readjust to a stark new economic reality, with endowments predicted to plummet by an average of nearly 30 percent this academic year....

Am I the only one troubled that EVEN OUR SCHOOLS are at the whim of BANKERS?!!!!

Many schools, after racing to build glittering research centers and multimillion-dollar dorms in recent years, are shelving or downscaling long-term plans. Without hefty endowment proceeds, even the wealthiest schools - among them Harvard, MIT, and Dartmouth - suddenly find themselves in the unfamiliar situation of trimming budgets and freezing hiring to offset heavy investment losses. Even more worrisome, colleges are questioning whether the recession finally - after years of tuition increases - pushes their cost beyond the means of most families....

WTF?!!!!! If TUITIONS were RISING and ENDOWMENTS were busting at the seams, WHERE did all that $$$$ GO?!!!!!!!

For now, many administrators suspect, the days of vast capital campaigns, state-of-the art fitness centers, and generous financial aid increases could be over....

Really? When did it start, because I missed it!

In September, Harvard University announced that its endowment, by far the country's largest, had risen to a staggering $36.9 billion as of June 30. But last week, in a stark sign of the economic times, Harvard said the value of its investments had plunged 22 percent, or approximately $8 billion, in the past four months. Even that stunning figure, university officials wrote, probably underestimated "the full extent of losses for this period." The university anticipates a 30 percent loss by next June, in keeping with projections from Moody's Investors Service.

That news followed a string of grim announcements from wealthy universities this fall. The value of Amherst College's $1.7 billion endowment plunged 25 percent, while Dartmouth's fell by $220 million in three months to $3.4 billion. Williams College's dropped by $500 million to about $1.3 billion. Many other schools, while declining to provide specifics, have acknowledged substantial losses....

Money they are all just sitting on!

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The recession will also hurt public colleges, as many public state systems are bracing for steep reductions in subsidies.

Yup, but they can CUT TAXPAYER CHECKS to CORPORATIONS and HOLLYWOOD!!!!!!

Yet while endowment values have plummeted, most schools still hold significant reserves....

You know, like the BILLIONS Harvard is sitting on!

Even before the downturn, high tuition and stagnant incomes threatened to put college out of reach for a growing segment of society, a new national study found last week....

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Hey, there is always the DRAFT, Amurkn snot nose!

Oh, btw, like the economic crisis, this has ALL BEEN PLANNED!!!!

Educated people tend to think and ask more questions, so it helps society's masters if you have a brain-dead, fart-f*** population you can gin up for wars of empire.

Atten-TION, kido!!!!