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Aiming to reduce costs in a bleak fiscal climate, Harvard has tightened faculty hiring in recent months??a move that has raised the question of whether certain peer universities are seizing the opportunity to acquire the best young talent...
...body recently reviewed and endorsed a proposal to change the set points for the heating and cooling of FAS buildings to match those recommended by the American Society of Heating, Refrigeration, and Air-Conditioning Engineers. The two-degree change—to 68 degrees Fahrenheit in the winter months??could potentially save more than $600,000 a year...
...Thanks to economic reality, colleges across the country have had to make painful financial decisions, and the world’s richest university has a proportional amount to lose. Yesterday, the administration announced a 22-percent decline in Harvard’s $36.9 billion endowment over the last four months??the sharpest drop in history. Worse yet, Faust predicted continued gloom for the endowment, with a forecasted 30-percent drop for the fiscal year ending in June 2009. At the same time, current estimates call for the Faculty of Arts and Sciences (FAS) to make next year?...
...next turning point may be.” The announcement marks the first official recession since 2001, when the economy took a hit after the dot-com bubble burst. Since the announcement did not come as a surprise—many economists have been warning of a recession for months??Poterba said he thought that the psychological consequences of the official declaration would be modest. Though there was a broad selloff in the stock market yesterday, including a nearly 700 point decline in the Dow Jones Industrial Average, Harvard Kennedy School professor Jeffrey A. Frankel, who is also...
...Siri F.A. Uotila ’10 said that at the beginning of the primary season—after she had been volunteering for the Clinton campaign for about seven months??she started preparing herself mentally to support whichever candidate secured the democratic nomination, explaining that the differences between the democrats paled in comparison to those between democrats and republicans...