In the midst of the worldwide economic crisis, Washington University is dealing with a difficult financial situation of its own. As of the end of May, the University’s endowment is down by 20 to 25 percent.

Last Thursday, April 23, Chancellor Mark Wrighton gave an address on the “State of the University” for students and faculty. We commend the chancellor for his efforts to engage the community; especially in tough economic times, it is reductions at the margins that will make a difference and save money.