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Harvard University, one of the most prestigious institutions of higher learning in the world, currently has a $36.9 billion endowment that they accumulated through investments, donations and tuition.
Think about that number for a second: $36,900,000,000. With such a fortune, one could support themselves and a small country for several years.
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We’ve heard loads recently about Wall Street barons seeing their assets plummet, the credit crisis rearing its ugly head as banks suspend access to savings and loans, and the implosion of the American financial market as the spindly scaffolding created by speculation crumbles. But what does this mean literally for most Americans? For UC San Dieg...
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http://www.nytimes.com/2007/02/12/education/12harvard.html