It's too bad that such Wall Street moguls as hedge-funder John Paulson, to associate themselves with celebrity institutions, give vast sums to already rich places like Harvard, which he's handing $400 million. Imperial Harvard's endowment is about $36 billion.
It's his way of showing off.
This is when so many much, much poorer colleges and universities primarily serving poor and middle-class students are struggling for money. Then there are the millions of people with not enough to eat and shoddy shelter.
Harvard, further cementing its role as ego-booster of, and co-conspirator with, Wall Streeters, will name its engineering program the John A. Paulson School of Engineering and Applies Sciences in return for his present. He went to the Harvard Business School, whose contributions to American well-being can be called ambiguous.
Well, I guess it's good for the Greater Boston economy.....
-- Robert Whitcomb