Downturn may hit Yale, too
In face of faltering economy, Univ. may cut back on its capital construction projects
NEW YORK — Faced with turmoil in the financial markets, the University will consider cutting back its ambitious capital construction project in future years.
In an interview at his office here last week, senior fellow of the Yale Corporation, Roland Betts ’68, warned that the gilded age of economic prosperity for Yale and other universities appears to be over, and that everything from the University’s capital campaign to its endowment could be impacted by the crisis that has shaken Wall Street over the past two-and-a-half weeks.
His comments came even before Congress...
Haha. I seriously hope you're kidding or don't go to Yale. Every Yale student should realize that the consequences of inaction are massive (e.g. issues w/ credit cards, mortgages, student loans, etc and possibly the greatest depression in US history).
I am sure that the current crisis will play into future expenditures. Construction makes concrete, if you will, the theoretical gains of the endowment; when the situation stabilizes, those crying for higher spending rates will perhaps find a more considerate ear.
In the grand scheme, though--at least from an institutional (versus a student's) perspective--there is probably little to worry about. Yale's time horizon is nigh on perpetual.
The propaganda mill of the elite is in full swing now.Fearmongering is their main game.The message is clear:If you dont do as we say and pass the bailout
your world will end as you know it.Dont believe a word of what they say for it is all lies.