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...river into Allston helped drive up expenses for services purchased by the University by 21 percent to $274 million.The University also incurred “certain legal settlement costs,” the report said. Harvard’s balance sheet for fiscal 2005 includes a $26.5 million payment to the U.S. government to settle a breach of contract suit.The settlement stemmed from a civil fraud complaint brought against the University, economist Andrei Shleifer ’82, and former Harvard employee Jonathan Hay.The annual report also revealed some of the financial plans for the Eli and Edythe L. Broad...

Author: By Nicholas M. Ciarelli, CRIMSON STAFF WRITER | Title: University Reports $44M Surplus | 12/6/2005 | See Source »

...almost all his most important communicating by e-mail--even with the assistants who sat outside his office, associates say. Also, authorities have collected the daily "wrap-ups" that Abramoff required his assistants to provide, including notations of nearly every phone call and appointment, every favor asked and every payment delivered. Scanlon's testimony, however, could be crucial to making any quid pro quo link that may exist between what he and Abramoff gave lawmakers and what the two got from them...

Author: /time Magazine | Title: The Plot Thickens | 11/28/2005 | See Source »

...recommend a partial opt-out procedure where students can hold the UC accountable and improve their social lives as well.The scheme is simple. Students who currently pay the Student Activities Fee divide up into groups of four, and select one group member to opt-out of the termbill payment. This member then agrees to take the other three out for drinks, dinner, dancing, a play, or some other activity that costs about $18.75 per person to total $56.25, or three quarters of the activities fee. Thus the 25 percent of the UC budget that is currently dead weight is converted...

Author: By John Hastrup, | Title: Cut the Termbill—by Yourself | 11/15/2005 | See Source »

...While the universities, as nonprofit institutions, do not have to pay property taxes, they both make a voluntary payment to the city each year, in lieu of taxes. But Adkins attributes the city’s financial woes to the loss of taxes from these two large landowners, and argues that charging them would lessen the burden on residents...

Author: By Natalie I. Sherman, CRIMSON STAFF WRITER | Title: Fourth-Generation Cantabrigian Calls for More Town-Gown Communication | 11/4/2005 | See Source »

Inman's Zoe Baird Problem Still another problem for the Clinton Administration last week was the public admission that Defense Secretary-nominee Bobby Ray Inman failed to pay Social % Security taxes for his housekeeper. He made the $6,000 payment covering seven years of delinquency after being offered the Cabinet post...

Author: /time Magazine | Title: THE WEEK DECEMBER 19-25 | 11/3/2005 | See Source »

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