Richmond's endowment rebounds after sharp drop
The University of Richmond's endowment rebounded during the last six months, increasing in value by approximately 11 to 12 percent, according to university officials.
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The University of Richmond's endowment rebounded during the last six months, increasing in value by approximately 11 to 12 percent, according to university officials.
The Virginia House of Delegates election made a stop at the University of Richmond earlier tonight during a 73rd district debate in the Alice Haynes Room.
I graduated in May, still live in Richmond and couldn't help but notice the article in last week's paper about the employment "success" of my class. Personally, I have yet to find a job despite an exhaustive search and graduating with honors.
Despite the struggling U.S. economy and a lowered endowment, the University of Richmond is staying true to its need-blind promise to applicants during the 2008-2009 admissions process.
During the last couple of weeks, our country seems to have fallen victim to an out-of-control populist bonfire. In lieu of the now infamous AIG bonus conundrum, every Washington politician equipped with a tongue, seized the opportunity to mercilessly pillory the AIG employees who were beneficiaries of these bonuses. Even Barack Obama proved vulnerable to the temptation by decrying AIG's "recklessness and greed."
Students crowded Jepson Hall Tuesday night to network with some of the most prominent figures in the mass communications industry and get advice from keynote speaker Ed Kelly, CEO and president of American Express Publishing.
Correction Appended
The University of Richmond endowment has lost about 19 percent of its endowment during the past year, losses that total almost $320 million in market value, which has prompted the university administration to begin spending a greater portion of the endowment.
For those of you hoping to start your weekend out on the right foot, here's some good news to get you going: After four long years of silence, Blink 182 has decided to reunite and record a new album.
The first few weeks of the Obama presidency have been marked by both triumph and embarrassment. From the left's perspective, Obama triumphed in enacting a gargantuan spending bill that is supposed to pull our economy out of its current doldrums. The passage of this bill marked the first of what liberals hope are many legislative victories for the new administration. The embarrassment came in the form of several high-profile nominees and their inability to pay taxes properly.
Local retailers in Shockoe Slip are trying to ward off the negative effects of a slow economy by offering various incentives to customers during the next couple of months.
After taking the United States off the gold standard in 1971, Richard Nixon uttered his now infamous and oft-mocked saying, "We're all Keynesians now."
The University of Richmond's endowment has fallen 15 percent since December 2007, from a $1.7 billion high to $1.45 billion as of October, but it's difficult to predict how it will continue to fare in response to the deepening worldwide recession.
Nearly 75,000 people were laid off in the United States and the world earlier this week thanks to big cuts from companies including Home Depot, Caterpillar and Sprint Nextel. And for members of this year's graduating class, it's all they can do not to cringe.
Green job creation is the solution to the future of state employment, Gov. Timothy M. Kaine said during his annual State of the Commonwealth Address Jan. 14, warning the country was weathering its largest economic crisis since World War II.
Carbon markets were created to trade carbon emissions, specifically carbon dioxide, in an effort to slow climate change, but amid corruption and lack of other supporting organizations, these carbon markets have become ineffective.
Speaking to a crowd of 30, Ethiopian economist Befekadu Degefe presented a course of action President-elect Barack Obama could use to restore the U.S. economy and consumer confidence: create more jobs.
IMMIGRATION
By John Calhoun
The University of Richmond's $1.7 billion endowment is projected to lose more than $230 million this year, nearly $80 million of which could evaporate this quarter alone, combining for a possible 13 percent total loss this year, university officials said.