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Universities Are Missing Out on an Explosive Growth Sector: Their Own

Harvard Business Review

The National Association of College and University Business Officers Study on Endowments reveals that endowments are performing enviably — with returns of near 12% in 2013. The trustee committees and endowment managers are fine with making investment decisions about any old asset. It’s a game of responsibility hot potato.

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Sears Has Come Back from the Brink Before

Harvard Business Review

Concerns that it wouldn’t have enough cash to finance its holiday stock has apparently led to the company to sell real estate, spin off its Lands’ End brand, and raise $625 million in unsecured loans and equity warrants.

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Why We Build Fiscal Cliffs

Harvard Business Review

Then there's reconciliation , a process included in a 1974 budget law with a very narrow purpose in mind that was soon exploited by Senate Finance Committee Chairman Russell Long to get tax and spending legislation passed without a 60-vote Senate supermajority. So now, in 2013, they're all due to expire. entry into World War I.