INDIANAPOLIS - The assets of the Lilly Endowment fell 7 percent to $5.3 billion at the end of last year as the foundation remains heavily invested in the stock of drugmaker Eli Lilly and Co.

NEW YORK - Nancy Falchuk will never forget the phone call.
CAPITAL CULTURE: Obama drops cautious arts policy
WASHINGTON - In his first year, President Barack Obama has marshaled the largest infusion of cultural funding in decades - despite a few stumbles.

CAMBRIDGE, Mass. - Harvard University's law school will stop offering a year of free tuition to students who go into public service law after graduation, Law School Dean Martha Minow announced this week.

SANTA FE, N.M. - New Mexico's public investment funds gained almost $3 billion during the last quarter as financial markets rallied, but they still haven't recovered from losses suffered over the past two years.
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