10 February 2009

Sign of the Times

The economy is not good, and my home institution, Yeshiva University, is feeling the pinch. Not only has its endowment suffered like those of other institutions, but it is also reeling from its close former association with Bernard Madoff. One result is that the university announced yesterday that it is laying off some 60 staff members from its various Manhattan campuses.

Yeshiva University recently released a video of its president, Richard Joel, discussing the university's financial plans for next year. See the short video here.

I am currently on leave from Yeshiva University and spending the 2008-'09 academic year at Georgetown University, which is also feeling the pinch. Georgetown recently reported that its endowment is down over 25% from a recent high.

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