Word: crisises
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Then again, decisions made by Congress, the Bush and Clinton administrations and federal regulators in the years before the crisis also played a key role in allowing things to get so bad. From ill-considered deregulation of banking and derivatives to over-the-top encouragement of home ownership, Washington's...
“He is in the unenviable position of serving as Dean during the school’s—through no fault of his—most significant financial crisis,” wrote FAS Associate Dean Robert G. Doyle in an e-mailed statement. ?...
With the report last week of a 27.3 percent drop in the university’s endowment, the Harvard community now knows the true magnitude of the impact the global economic crisis is having on our operations. Here and across the country, university officials are adapting to a ?...
In this fictional world, the global financial crisis that affected Harvard and all of us last fall is a disease that killed off 27.3 percent of our herd. Looking to the future, we know the remaining cows will not produce enough milk to pay our bills.
In the real world, the financial crisis has depleted the value of the endowment, leaving us with less income to fund operations this year and for years to come. So what’s the answer? As I mentioned, one answer is to spend more from the endowment?...