Apparently 8 billion didn't do it, but a bit more did. The New York Times reports that Harvard is cutting cookies out of the budget for faculty meetings, leaving Skip and co to fret for lack of chocolate chips, raisins, and maybe even peanut butter. Hot breakfasts, Widener pastries, and track suits are also off the ledger, as are shuttle rides, as we noted some time ago. MIT dropped sports teams and Emerson College denied employees bagels and coffee at meetings starting earlier this year. What will be next on the list of collegiate cuts?
It's hard to say, but at least we know one thing: Harvard will always have milk.
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WTF? I know it's more complex than having $28 billion in a savings account, but no one is considering the endowment's massive increase when the markets return to previous levels.