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Say you're a Harvard professor and you decide to dabble a bit in politics. You decide to move back to Canada in hopes of becoming prime minister. Shouldn't be that hard. Before you go, you tell the school paper that if things don't work out, you'll probably return to Boston and pick up where you left off.

That would appear to have been Michael Ignatieff's plan, but things might not work out the way he was hoping. Harvard is going through some tough times. According to Boston magazine, its endowment, onces a porcine $37 billion, is down about $11 billion due to some unfortunate investment setbacks. And since it's not making any money, Harvard has to withdraw about $1.4 billion from capital to cover its operating costs, which would normally have been paid for out of profits. Which leaves a relatively paltry $24 billion left in the fund.

Not bad by most standards, but Harvard is used to big-time spending, without worrying much about where the money comes from. (Hey, that reminds me of a federal political party here in Canada. No wonder Ignatieff felt at home with the Liberals!)  It has big expenses, and $24 bil isn't going to cover them. In fact, says the magazine:

 While Harvard officials are doing their public-face best to downplay the problem, the numbers don't lie, and this economic crunch will leave the school a profoundly changed place. Harvard will have to become smaller and academically more modest, and as it does it will chafe at having grand plans without the resources to fund them. For the first time in decades, it will worry about merely paying its bills. The university will have to decide: If it is no longer so rich that it doesn't have to make choices, what does it really value? What are its priorities? It won't be a comfortable debate.

"We are in trouble," says one Crimson professor. In the aftermath of deep and damaging cuts, "there is a real chance that Harvard will no longer be considered the best there is."

Uh-oh. If things take a wrong turn in Ottawa, the Liberal leader might have to reconsider Plan B. It's just possible the old school won't be waiting with open arms, or without an open chequebook anyway. Maybe he'll have to stick around Ottawa longer. Maybe he'll have to teach at a Canadian university. Oh, the shame. Hey, maybe that's why he's so eager to make it easier to collect EI.

Kelly McParland
National Post

How much is NBC's Brian Williams in the tank for President Obama?

Well, at the end of part I of the Nightly News's "Inside the Obama White House" special report Tuesday, Williams, as he was saying good night to the president, actually bowed his head.

I kid you not (embedded video and partial transcript below the fold):?

BRIAN WILLIAMS: Now it is first family time and time for us to say good night. Mr. President...

Pres. OBAMA: All right.

WILLIAMS: ...that's your elevator.

Pres. OBAMA: It is. Thank you.

WILLIAMS: Thank you, sir. (bows head) Have a good evening.

Pres. OBAMA: Appreciate it. Thank you very much.

WILLIAMS: We'll see you Tuesday. Thank you.

Pres. OBAMA: Thank you.

Any questions?

While Wal-Mart is bent on maximizing returns for its shareholders--an appropriate goal, for a corporation--Craigslist is not. Instead, [Big Money's Mark] Gimein explains, Craigslist doesn't even try to profit from its economic activities, because its owners are devoted to a form of libertarian ideology:

For all the stories written about Craigslist and the profiles of its founder, the company can still baffle anybody trying to make sense of it. A telling episode was the performance of Jim Buckmaster, the CEO who runs Craigslist day to day, at an investor conference where he was asked to explain the company's strategy for maximizing revenue. Buckmaster answered that it didn't have one... or want one because that wasn't the point.

[Ellipses in the original.]

Instead of profits, Gimein shows, Craigslist's owners manage the organization in the service of an idea.

A lesson that it was hard for [me] to learn," [founder Craig] Newmark told Charlie Rose, "was that people are good and trustworthy and moderate." Craigslist is Newmark's vote of confidence in that lesson. ... Bad things don't come from what two individuals decide to do together. They come from the institutions that stand between them.

The Federal Bureau of Investigation released its preliminary analysis of crime trends in the U.S. for 2008 and there's plenty of good news:

... the nation experienced a 2.5 percent decrease in the number of violent crimes and a 1.6 percent decline in the number of property crimes for 2008 compared with data from 2007. The report is based on information that the FBI gathered from 12,750 law enforcement agencies that submitted six to 12 comparable months of data to the FBI for both 2007 and 2008.

... In 2008, all four of the violent crime offense categories declined nationwide compared with data from 2007. Murder and nonnegligent manslaughter declined 4.4 percent, aggravated assault was down 3.2 percent, forcible rape decreased 2.2 percent, and robbery decreased 1.1 percent.

See FBI press release detailing crime trends here. 

NDN has been a leader in advocating for fixing our broken immigration system. As President Barack Obama and Administration officials gear up for their June 8 meeting with Members of Congress regarding comprehensive immigration reform, we wanted to make sure that you had the most up to date information on this issue. 

Additionally, NDN President Simon Rosenberg and NDN Hispanic Programs Vice President Andres Ramirez are available for interviews or analysis and debate.

A Brief Overview of Comprehensive Immigration Reform

• What Sotomayor Means for Immigration Reform, by Simon Rosenberg, 5/28/09 - Rosenberg contends that while it is still early in the effort to put Sonia Sotomayor on the Supreme Court, the prospects for passing immigration reform this year will improve if she is confirmed.

• 
  Hispanics Poised To Flex Muscle in Politics, Policy, by Andres Ramirez, Roll Call, 5/18/09 - In this op-ed, Ramirez writes that Hispanics must seize this opportunity by continuing to increase their electoral participation as they have in recent years. This will give them maximum influence over a range of issues.
  


• 
  Making the Case: 7 Reasons Congress Should Pass Comprehensive Immigration Reform this Year, Huffington Post, 4/30/09 - Rosenberg argues that the answer to whether Congress can pass reform this year is "yes."
  


• 
  Latinos Vote in 2008: Analysis of U.S. Presidential Exit Polls (PDF), Andres Ramirez, 1/18/09 - Ramirez provides an overview of the Hispanic electorate in key states from the 2008 presidential election. The analysis concludes that Hispanics participated in record numbers in this election cycle, increasing their turnout from the 2004 election;  Hispanics significantly shifted towards the Democratic nominee in 2008, reversing trends from the 2000 and 2004 presidential election cycles; Hispanics played a key role in Obama’s victory in Colorado, Florida, Nevada and New Mexico; Hispanics are poised to make other states competitive in future elections; and if these trends continue, the national map will continue to get harder for Republicans.
  


• 
  Hispanics Rising II (PDF), 5/30/08 - This important document provides an in-depth narrative of how the immigration issue has impacted American politics and mobilized the Hispanic electorate.
  

Polling on Comprehensive Immigration Reform Shows Consistent Support for Reform

• NDN Polls on Comprehensive Immigration Reform in Battleground States, 9/10/08 - NDN conducted polling in key presidential battleground states, that show overwhelming support for comprehensive immigration reform.

Other Resources

• The 50-Year Strategy (PDF), Simon Rosenberg and Peter Leyden, Mother Jones, November 2007 - Rosenberg and Leyden lay out a grand strategy for how today's Democrats can build a lasting electoral majority and today's progressives could seize the new media, build off new constituencies like Hispanics and the Millennial Generation, and solve the urgent governing challenges of our times. 


• On Obama, Race, and the End of the Southern Strategy, Simon Rosenberg, 1/4/08 and 11/6/08 - Rosenberg writes that for progressives to succeed in the coming century, they must build a new majority coalition very different from the one FDR built in the 20th century. The nation has changed a great deal since the mid-20th century, as we’ve become more Southern and Western, suburban and exurban, Hispanic and Asian, immigrant and Spanish-speaking, more millennial and aging boomer and more digital age in our life and work habits than industrial age. Twent-first century progressive success would require building our politics around these new demographic realities.