I don't have much time today so I'll tell you a quick story and give you a collection of links.
Harvard's big endowment loss has been the main topic of conversation around the campus for the past week. For example, last Friday, my wife and I were fortunate to get two tickets to see the Emerson Quartet perform at the NEC. Next to us one of our companions for the night, a professor who gave us his extra tickets, was joking about how Harvard could save money by firing certain individuals and turning the Harvard owned Alston property into a theme park. At that moment a lady sitting right in front of us turned around and exclaimed, "that's a good idea!"
Two lessons here:
1) Everyone is very worried as colleges across the country are under tight financial pressure. Postdocs looking for faculty positions will have a tough time this year.
2) If you are in Boston/Cambridge, watch out! You never know if the person sitting in front of you is a Harvard professor.
NPR's Onpoint: Colleges in Trouble
Boston Globe: Harvard's endowment plunges $8 billion
Harvard Crimson: Faculty of Arts & Sciences Freezes All Faculty Salaries, Cuts Searches

Alex Palazzo is an Assistant Professor in the Department of Biochemistry at The University of Toronto.

Comments
"Postdocs looking for faculty positions will have a tough time this year"
Tell me about it. I picked the wrong year.
Posted by: MRW | December 9, 2008 2:04 PM
Read the comments for the Boston Globe piece. Not much in the way of sympathy for the big crimson H.
Posted by: Byron | December 9, 2008 11:17 PM