Harvard announces cut-back on tea and crumpets deliveries

OK, I know, this is not MR-related, really. It's just that we do know what university Larry Summers used to run, until they chased him out for daring to suggest that maybe there are inherent general capacities and proclivities associated with gender and these ought to be considered when looking at differences in students' interest in certain subjects.

That thought-crime was enough to get him tossed out of the school. So now one of the most bloated, wasteful, uber-PC institutions of our time must *gasp* face the reality of money (oh, that dirty word!) and how they actually need someone to work for a living in order for them to afford the luxury of sitting around all day talking about how the evil patriarchy is striving to oppress them day in and day out. Gosh, life just ain't fair! Excerpt:

'BOSTON (AP) - Harvard University is considering spending cuts because the economic slowdown may reduce federal grants and the school's substantial endowment, President Drew Faust said Monday.

Harvard's endowment posted an 8.6 percent return and grew to $36.9 billion in the fiscal year that ended June 30. The school, however, lost 12.7 percent on its U.S. stock portfolio and 12.1 percent on its foreign equity portfolio during that time. Faust's spokesman on Monday declined to say much the endowment has lost during the current economic turmoil.'

Cry me a river.