Word: budgeting
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...attention from their stated goals. Last week, SLAM interrupted University President Drew G. Faust’s lunch in Eliot dining hall to offer her a letter detailing their demands. And at FAS Dean Michael D. Smith’s town-hall meeting on the university’s budget, the group unfurled a banner that read, “Greed is the New Crimson.” Rather than encourage empathy for workers facing possible layoffs, these stunts drew criticism for their rudeness...
...Allston, the university continues to buy property there, even when Harvard’s Faculty of Arts and Sciences reports that it must cut jobs and reshape programs in order to compensate for endowment losses. While Harvard demarcates a certain amount of money to go to the FAS budget and an entirely different sum of capital for real estate and property development, essentially all of the capital comes from the same pool: the endowment. Harvard should not continue to buy million-dollar properties that will stay empty in Allston and Brighton for years to come as the university slows down...
...naval-adventure yarn Master & Commander was meant to launch a franchise but didn't because it couldn't recoup its lavish costs, taking in $95 million in North America on a $150 million budget. The period boxing epic Cinderella Man, reuniting Crowe with Beautiful Mind director Ron Howard, made its expected impact neither at the box office nor with the Academy. Attempting to show his sweet, light side, he teamed with with Gladiator auteur Ridley Scott for the romantic comedy A Good Year; that sad misfire earned just $7.5 million in its entire domestic run - less than 17 Again...
...Unfortunately, the project is currently on hold due to budget problems. "In principle, humans could probably launch such a mission in roughly a decade," Ford says. "In practice, I'd guess that it may be even further in the future...
...Harvard’s leaders are right in focusing our limited resources on our core missions: research and teaching. Staff layoffs, construction slowdowns, and faculty recruitment freezes will be necessary. But the magnitude of the endowment decline makes it unlikely that the budget can be balanced without more shared sacrifice...