WSJ: College Endowments Plunge

<p>In fairness to Harvard, Yale has clearly surpassed Harvard in press release gobbledy-gook on the economic front. Yale says that, unlike Harvard, they don’t have a hiring freeze. Instead they have a “hiring chill” and are practicing heightened “positional control” to achieve a 5% reduction in salary expenses for next year.</p>

<p>Whatever.</p>