Nerd News, Financial Apocalypse Edition: Yale Endowment Down By 25%

The widespread financial meltdown is hitting the Ivory Tower as much as it's hitting everybody else.

The latest gloomy news: Yale's endowment is down by 25%. Yale has not (yet, anyway) instituted hiring freezes, but it will delay several major construction projects on campus.

RELATED POSTS:

• Harvard endowment down by 22%
• Harvard's hiring freeze and halt on salary increases