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...Because of the service it provides, Harvard should think of itself more like a government than an individual or a business firm. With its reputation and available funds, the university is not going anywhere, but delaying improvements will have dismal effects on future endowment performance. The current global economic crisis is being fought by governments from South Africa to Japan with counter-cyclical measures that attempt to hasten the move from recession to growth. The now-revived Keynesian approach justifies the deep temporary deficits with the promise of future growth. The same applies to Harvard, for the endowment will continue...
...quarter of its 200 employees, mostly support staff, in an attempt to “re-balance and re-engineer the organization.” Real estate has traditionally been a difficult asset class to valuate and provides very limited liquidity. According to a University statement, real estate investments currently make up approximately 7 to 8 percent of the University’s endowment—a slight drop from the 9 percent, or almost $3.5 billion, allocated in 2008. Cummings will work with HMC’s head of external management, CEO, and real estate team to fill...
...with Haynes on the 2001 Charlie Parker tribute “Birds of a Feather,” views Haynes as a key influence on modern jazz. In a presentation sponsored by The Harvard College American Music Association and the Harvard Jazz Bands, Hargrove said that many of the current young players are “forgetting about the main element that makes you feel good, snap your fingers—the swing.” Another aspect that Hargrove finds so important in a musician is the ability to play in any type of genre or environment...
...Mormons Q&A” panel yesterday during which they encouraged students to ask questions about the church. The event began with two brief presentations by Kenneth I. Brewer ’11 and Lindsey R. Brinton ’12, who talked about the history of church and current theological doctrines, followed by questions from the audience. When asked about the issue of polygamy in an interview before the event, LDSSA Vice-President Morgan T. Pope ’11 pointed out that the general public sometimes held an outdated view of Mormon beliefs. “People still...
...upcoming June elections, Iran has an opportunity to elect a more moderate leader, Mir Hussein Moussavi, who has promised to improve relations with the West, to increase freedoms domestically, and to mark a distinction between “weaponization and nuclear technologies.” Talks that allow the current Iranian administration to demonstrate foreign policy success only amplifies its message and detracts from the increasing resentment of the Iranian people towardstheir current leadership...