You have no idea what an endowment is.
atzanteol
joined 2 years ago
If they really wanted to do "The Right Thing", they have the billions to keep these projects funded for several years while they fight.
No, they don't. Where do you think they could just magic up money?
Edit:
"They have an endowment!"
What do you people think an endowment is? It's not a rainy day slush fund. It's thousands of individual funds that are invested which Harvard, and other schools, use to generate income. But it's the investment that generates income. If they spend down the endowment then it's gone and no more money for the future.
Think of it like a savings account where you live off the interest generated. If you spend the savings, no more interest.
Also - like 80% of that money must be spent in certain schools, types of research, supporting certain students, etc. They can't legally use it for anything else.
That very much depends on what you want it to do (what is "everything") and how many users you have.
And yet the port of LA's stats say there are 17 vessels at port.
https://www.portoflosangeles.org/getmedia/1835359e-4b17-400d-bd67-6c430c651f1a/all-vessels-in-port
Pretty on-brand for an alpha boy to ignore a clear "no".
Posts. Are. Not. Empty.
This is a perfect immitation of the ridiculous things people say about nuclear power and have been since the 1960s.
Explain it to me
Aren't we entitled? No. Go away.
Some people have no imagination...
Why would a pause instill any more confidence?
People are weird?
The ports are already empty,
No they aren't. They're down some but the aren't empty. Not all imports come from China. Not all ports have Chinese ships coming to them. Not all Chinese ships stopped.
it’ll take weeks to get any new ships here even if they left the moment the pause was announced.
They've already been on the way.
Same to you - what do you think an endowment is?
https://finance.harvard.edu/endowment