Word: percenting
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...percent estimate may not fully capture the actual losses from the four-month period, Harvard’s Executive Vice President Edward C. Forst ’82 said in an interview last week, noting that some of Harvard’s money is invested with external managers that have yet to report their latest figures...
According to the Journal, the University’s new 30-year debt will command interest payments of 3.375 percent above U.S. government treasuries—a widely used benchmark for risk-free investments. That figure is approximately twice the premium Harvard paid on 30-year debt sold two years...
...Western placed much of the onus on politicians.“It’s been more of a political process than an economic process in which elected officials began competing with each other on who could be harder on crime,” he said. In 1979, 12 percent of African American men would be incarcerated at some point in their lives. By 1999, that number had increased to 20 percent. “Prison has become a normal life event,” Western said. Law professor Carol Steiker said that up to 5 percent of prisoners...
Harvard Medical School officials said Friday that they have asked all of the school’s departments to plan to cut 10 percent of their academic and administrative budgets for the next 18 months in response to financial pressures resulting from a deteriorating fiscal picture for the University...
...cutbacks, announced in a recent town hall meeting, come amid an unprecedented decline in Harvard’s endowment, which fell 22 percent in the four months starting June 30. The Medical School held roughly 11.7 percent of the University endowment—valued at $4.32 billion as of last June, the last period for which data is available. A 22 percent decline would translate to a loss of just under $1 billion...