Stanford University lays off more than 400 employees as value of endowment plummetsPALO ALTO, Calif. — Stanford University has laid off 412 employees over the past eight months and plans an additional 60 layoffs later this year to offset a steep drop in the value of its endowment. Recession leads to states cutting cultural budgets, more hardship for struggling artistsLAWRENCE, Kan. — Ben Ahlvers is a full-time arts education coordinator, but his passion is with the fanciful creatures, human figures and oversized hammers he fashions from clay. Special school makes NY harbor its classroom while awaiting a waterfront homeNEW YORK — In 1790, the state of New York set aside Governors Island, off the tip of Manhattan, for the benefit of education. For more than two centuries, however, it was in military hands, guarding the country’s most important harbor. Nonprofit co. Wikimedia gets grant from Hewlett Foundation to expand online encyclopediaSAN FRANCISCO — The nonprofit organization that operates the popular online encyclopedia Wikipedia has received a $500,000 grant from The William and Flora Hewlett Foundation to expand its work bringing free educational content to people around the globe. Gates Foundation to focus on educators; seeks initiatives, research to improve teacher qualitySEATTLE — Ever since Americans sent their children to one-room schoolhouses, parents have known what makes a good school: an inspiring, organized, creative teacher. But researchers haven’t been able to quantify what exactly makes a teacher effective and how to tie that to student achievement. Foundations’ money sparks Pittsburgh’s robust economic recovery after steel industry collapsePITTSBURGH — Barely 25 years ago, peep show women strutted in the 19th-century window arches of downtown Pittsburgh’s 803 Liberty Avenue, overlooking gritty bars, triple-X theaters and adult book stores. ‘Clunkers’ program a hit with shoppers, a drain on some charities that rely on car donationsCHICAGO —Vehicles already were lined up for one of the weekly auto auctions benefiting Texans Can, a charity that helps at-risk teenagers and their families, when prospective donors started to call, saying they had changed their minds. Huge statewide yard sales find more of a niche as shoppers dig in for bargain treasuresBUCKHANNON, W.Va. — Disabled mom Shawna Eddy hopes the mounds of clothing covering her front lawn will generate enough cash to take three adolescent daughters to the Shoe Show before school starts. Firm overseeing Harvard endowment _ battered by recession _ names 2 senior managersCAMBRIDGE, Mass. — Two senior investment managers have been hired by the company overseeing Harvard University’s endowment, which has absorbed a steep drop in value during the recession. Lawyers win millions of dollars to settle Ford rollover case that benefitted few driversSAN FRANCISCO — The lawyers were paid millions of dollars. Ford Motor Co. put behind it a costly lawsuit connected to the Explorer rollover scandal of the 1990s. And the judge closed out a complex case that clogged the Sacramento County Superior Court’s overburdened calendar for more than seven years. Shareholders of Alpha Natural Resources, Foundation Coal approve $1.4 billion dealCHARLESTON, W.Va. — Shareholders approved Alpha Natural Resources’ takeover of rival Foundation Coal Holdings. Future of ex-NFL QB McNair’s work helping at-risk teens, hurricane victims is questionableNASHVILLE, Tenn. — Former NFL quarterback Steve McNair trained thousands of kids at youth football camps and collected truckloads of donations for hurricane relief before he was killed, and it’s unknown whether his foundation can continue similar charity work after his death. Millionaire insurance magnate pulls $16M pledge to Fla. university, blaming tough economyBOCA RATON, Fla. — One of Florida Atlantic University’s largest donors says he can’t fulfill a $16 million pledge to the school, blaming the tough economy. It had been the largest donation in the university’s history. Coal producers ICG, Alpha and Foundation cut production further to cope with sluggish demandCHARLESTON, W.Va. — Coal producers are making further cuts in production as the recession throttles demand for energy and steel, undermining second quarter sales and profits, three of the nation’s largest producers said Monday. Israel’s richest woman amuses a cynical public with claims of mysterious visionsJERUSALEM — Shari Arison is Israel’s richest woman, presiding over a financial empire that includes the country’s second-biggest bank. She also claims in a memoir to see visions of the future. But one thing she apparently didn’t envision is the puzzlement, laughter and even nervousness that have greeted her book. In these tough times, moms and dads are passing the hat to make up for school budget cutsSEATTLE — Rachael Bouma calculated the cost of keeping rambunctious kindergartners under control at her son’s school at exactly $227. Salvation Army says donation slump could hinder its ability to give long-term disaster aidJACKSON, Miss. — The Salvation Army is struggling with dwindling donations across the country that will make it hard to give long-term assistance after a disaster, and a spokesman for the charity says “we have to hope and pray” this year’s hurricane season is mild. Gates Foundation makes $6.5 million in grants for library computer hardwareSEATTLE — The Bill & Melinda Gates Foundation is announcing $6.5 million in grants to help public libraries in 11 states improve the quality of the free computer access they offer. Free speech vs. cultural sensitivity: Missouri campus program seeks balance when views collideCOLUMBIA, Mo. — They call it Speakers’ Circle, a First Amendment gathering spot at the University of Missouri where just about anything goes. Shriners to keep serving 22 cities, but may downgrade some hospitals; will accept insuranceSAN ANTONIO — The Shriners will continue treating children in all 22 cities where they operate hospitals, but some of the facilities may be downgraded to outpatient surgical centers and the sale or lease of real estate will be explored, the nonprofit’s new CEO said Thursday. Councilman: LA taxpayers ‘getting ripped off’ because AEG won’t help pay for Jackson memorialLOS ANGELES — A city council member has called on AEG Live to pay some of the estimated $1.4 million cost for policing Michael Jackson’s memorial service at the Staples Center. LA seeks donations to pay for Michael Jackson memorial, as costs, criticism growLOS ANGELES — As the final cost of Michael Jackson’s memorial service was being calculated, city officials cast about Wednesday to find ways to have others help pick up the multimillion-dollar bill. LA seeks ways to have third-parties pay for Michael Jackson memorial, as costs, criticism growLOS ANGELES — As the final cost of Michael Jackson’s memorial service was being calculated, city officials cast about Wednesday to find ways to have others help pick up the multimillion-dollar bill. Shrinking endowment forces Shriners fraternal group to consider closing 6 childrens hospitalsSAN ANTONIO — For generations, children with clubbed feet, severe burns and other debilitating injuries have been treated for free at Shriners hospitals. That care could be in jeopardy. In ’solidarity’ with others hurt by recession, 50 Methodist bishops take a voluntary pay cutINDIANAPOLIS — One of the nation’s largest Christian denominations is addressing the nation’s financial crisis with what it hopes will be a spiritual teaching moment as well as a cost-saver. AP Interview: Harvard president forced to deal with economic crisis, but with a softer styleCAMBRIDGE, Mass. — Drew Gilpin Faust started as Harvard’s president when the university’s prosperity seemed limitless. With its ballooning wealth, Harvard planned almost frenzied growth, from a building boom into Boston to vast increases in student financial aid. Billionaire Warren Buffett gives $1.53 billion worth of stock to Gates Foundation, othersSEATTLE — Billionaire Warren Buffett has donated $1.25 billion in Berkshire Hathaway Inc. stock to the Bill & Melinda Gates Foundation. Billionaire Warren Buffett gives $1.25 billion worth of stock to Gates FoundationSEATTLE — Billionaire Warren Buffett has donated $1.25 billion in Berkshire Hathaway Inc. stock to the Bill & Melinda Gates Foundation. Antioch University OKs transfer of Ohio’s Antioch College to alumni group for $6 millionDAYTON, Ohio — Antioch University agreed Tuesday to transfer the campus of financially strapped Antioch College to an alumni group that plans to turn it into an independent school. Kennedy Center expands consulting effort to help struggling arts groups survive the recessionWASHINGTON — The John F. Kennedy Center for the Performing Arts announced plans Tuesday to expand its crisis consulting for arts organizations that are struggling to survive the recession, an effort championed by first lady Michelle Obama and congressional leaders. |
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