We are in uncharted waters.
We are in uncharted waters.
1. Federal grants
2. Private gifts/endowments
3. Tuition (esp. from foreign students)
4. State $
For decades, 📈 in 1-3 offset a secular 📉 in 4. Now, 1 & 3 are being decimated & 4 ain't coming back. The math is clear.
heatmap.news/am/georgia-d...
heatmap.news/am/georgia-d...
Dinosaurs lived on the other side the Galaxy.
Oh wait.
Oh wait.
"State Is Not Well Positioned for New Ongoing Commitments"
"State Is Not Well Positioned for New Ongoing Commitments"
I don’t say this lightly: if there were any justice in this world, the people responsible for this devastation would be in jail
Climate risk is financial risk – we need asset managers who will invest responsibly.🧵
www.bloomberg.com/news/article...
Climate risk is financial risk – we need asset managers who will invest responsibly.🧵
www.bloomberg.com/news/article...
I think this has not been adequately metabolized.
This is one version, but there are a bunch of them.
Gift link: www.bloomberg.com/news/article...
I think this has not been adequately metabolized.
This is one version, but there are a bunch of them.
I will warm myself by the conflagration.
Jake Sherman added: “since this ran this morning -- 4 hours ago? -- ive gotten countless text messages from House Republicans agreeing with this sentiment.“
I will warm myself by the conflagration.
The underlying cause of every bubble - debt masquerading as financial innovation - depends on not just short financial memory & speculative neophytism, but reinventing jargon of finance, like how each generation of kids has new ways to say same things.
substack.com/inbox/post/1...
substack.com/inbox/post/1...