Sacrifice
Less than a bunt’s worth
Princeton has announced that its budget for next year (fiscal 2009-2010) calls for a $63 million (4.7%) net reduction in total operating expenses (compared to the current fiscal year).
One out, bottom of the ninth, a man on first, and you’re five runs down. Would a sacrifice bunt, to move the runner to second base, be a good call? Could the manager survive the booing?
The value of your mismanaged endowment is going to decline by $4 billion (25%) this year. Would a 4.7% spending reduction (after spending increases in the last two years of 6.8% and 19.9%, respectively) be a good call? Could the managers survive the booing?
Apparently, yes. Because there is no booing. We’re lousy with Rhodes Scholars and Nobel laureates, but we’re so, so stupid.
Princeton has announced that its budget for next year (fiscal 2009-2010) calls for a $63 million (4.7%) net reduction in total operating expenses (compared to the current fiscal year).
One out, bottom of the ninth, a man on first, and you’re five runs down. Would a sacrifice bunt, to move the runner to second base, be a good call? Could the manager survive the booing?
The value of your mismanaged endowment is going to decline by $4 billion (25%) this year. Would a 4.7% spending reduction (after spending increases in the last two years of 6.8% and 19.9%, respectively) be a good call? Could the managers survive the booing?
Apparently, yes. Because there is no booing. We’re lousy with Rhodes Scholars and Nobel laureates, but we’re so, so stupid.
posted by mcd at 10:14 AM
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