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

Harvard Business Review

Meanwhile, trustees control universities’ sometimes-giant endowments, and most often delegate this control to asset managers who treat the endowments as pools of money with the sole purpose of creating more money. They’re quite good at it, on the whole. It’s a game of responsibility hot potato. a better place to be.

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Why We Build Fiscal Cliffs

Harvard Business Review

So now, in 2013, they're all due to expire. This product of the debt limit battle of 2011 set up a bipartisan "super committee" of legislators charged with coming up with a deal to the reduce the deficit, with $100 billion or so in Gramm-Rudman-style sequestration to follow in 2013 if the super committee failed (which it of course did).