The Journal reports today on the impact the recession has been having on Harvard’s endowment—and, by extension, Drew Faust’s presidency.

At Harvard—and some of its Ivy League peers —the recession has lingered because of an unusually heavy dependency on their endowments for operating income. Harvard’s $32 billion endowment is up from its 2009 drop to $26 billion, but still off its pre-recession 2008 value of $36.9 billion.

I want to write more about this later, but right now, I’m headed to Yankee Stadium…. (And thanks to the reader who pointed this article out to me, by the way.)