Nov.11.2008 Quote of the Day

With the economic downturn, even a school such as Harvard is feeling the squeeze…the squeeze on it’s $37 billion endowment. Bye bye golden toilets in freshman dorms and “Hooker Handjob Thursdays” :(

“We need to be prepared to absorb unprecedented endowment losses and plan for a period of greater financial restraint,” [Harvard President Drew Faust] said.

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