Have you heard the latest wisecrack about Harvard? People are calling it a hedge fund with a university attached [...]
Though the exact figure is hard to determine, experts I consulted estimate that over $100 billion of educational endowment money nationwide is invested in hedge funds, costing them approximately $2.5 billion in fees in 2015 alone. The problems with hedge funds managing college endowments are manifold, going well beyond the exorbitant...fees they charge for their services. — the Nation
Major public cultural institutions in Greece are on the point of collapse, say leading Greek art professionals, as concerns mount that the country faces insolvency after 61% of the population rejected bailout proposals earlier this week made by international creditors. — theartnewspaper.com
A student was underpaid almost $7000 during an internship with a Sydney firm of architects, a Fair Work Ombudsman investigation has found. The student was completing a masters degree in architecture when he was paid $12 per hour for six months of full-time work. His duties included architectural drawing, consulting with clients and and conducting site visits...the student, aged in his 20s,... was short-changed $6830. — smh.com.au
Greece's cultural gems have become the focus of renewed protest on the streets of Athens following the cash-strapped government's announcement of plans to include prime properties around the Acropolis, and other landmark buildings, in its privatisation programme.
Furious opponents marched through the city centre at the weekend to denounce the "illegal sale" of the country's heritage. — theguardian.com
The city is deep in debt; it's got a state-appointed board managing its finances, so it's gotta cut services it can't afford. Services that it can't afford in part because it's a city built for two million people that's now home to just over 713,000.
So street lights could be a luxury Detroit can't completely afford. — marketplace.org
For the first eight years of our marriage, [Michelle and I] were paying more in student loans than what we were paying for our mortgage. So we know what this is about.
And we were lucky to land good jobs with a steady income. But we only finished paying off our student loans—check this out, all right, I’m the President of the United States—we only finished paying off our student loans about eight years ago. — Barack Obama
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