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Financial Crisis Reaches the Ivies

Posted on November 05, 2008 by Ryan Uricks

It appears that the Ivy League is not immune to the spending and hiring freezes of other schools. Both Cornell and Brown University have announced that they will freeze hiring non-faculty position for a few months. Cornell has also enacted a new construction freeze for 90 days until they can secure funds to continue. Both will see a large drop in their endowment due to the ailing economy.

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