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A “health and wellness” teacher at a New York City school is no longer on staff after she showed first graders a cartoon about masturbation.

University endowment models: A tale of two missions It is not often that the death of a university employee is a lead story in the Wall Street Journal’s business section. That honour went last weekend to David F Swensen, the creator of what came to be known as the Yale Model. This was not an academic programme like the Dalton Plan or some exquisite combination of theory and practice, but the diversified investment strategy that in 35 years took Yale’s US$1 billion endowment to US$31 billion. The Yale endowment is about 5% of the combined endowments of all US universities and is roughly U...