Cornell Sees Second Lowest Endowment Returns Among Ivy Schools

©2012 THE CORNELL DAILY SUN. ^ | NOVEMBER 9, 2012 | BY AKANE OTANI

[Behind Liberal Lines]

After seeing two consecutive years of double-digit growth, Cornell’s endowment return took a nosedive in the 2011-12 fiscal year, just breaking even with a 0.14 percent gain, the University reported Wednesday....

In explaining its financial performance, the University has cited turbulence in the economy: slowing growth in China, financial crisis in Europe and an impending “fiscal cliff” in the U.S.

“While traditional measures of volatility are at historically low levels, it would be an error in judgment to think that all is well and there is nowhere to go but up,” [Chief Investment Officer A.J. Edwards] said at the end of the fiscal year.

[Behind Liberal Lines]

See, Ivy League, pinheads...hurting Wall Street hurts you too!

[RetroSexual]

I briefly employed a recent Cornell grad in a customer service position. She was personable and attractive, good for the position. She was also politically brainwashed and as dumb as a box of hammers. She helped me to understand that today's youth get most of their information from the Comedy Channel.

She's moved on, now she's working on an organic farm. Four years at Cornell runs about $210,000. Gonna have to grow a hell of a lot of onions to pay that back!

[onedoug]

Kindergarten

[NeverForgetBataan]

Haha.. too bad soooo sad, for them. Tears.. sniff.. sniff..

Maybe they can balance their budgets by doing a layoff of some of their brilliant liberal professors.