Summary
The drop in your retirement savings account probably pales compared with that of area college and university financial endowments, which have lost millions of dollars amid the current economic crisis.
Wall Street's historic losses already are impacting higher education institutions in Southwest Ohio. Wilberforce University in Greene County on Friday, Nov. 14, announced plans to cut jobs and reduce salaries in response to a $2.8 million budget shortfall. Miami University in Oxford last month announced that it would freeze hiring and construction projects based on expectations of decreasing income. Two days later, Xavier University in Cincinnati enacted a hiring freeze because of a budget shortfall.See the full content of this document
Extract
College Endowments Take Hits From Erratic Markets
The University of Dayton's endowment dropp...
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