Word: slowdowns
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Sarah J. Friedell, a spokeswoman for Harvard Alumni Affairs and Development, told The Crimson that her office thought the slowdown in major donations was to be expected...
...taken up by [Interim University] President Bok, I’m not sure it can move ahead,” says Professor of the History of Science and Faculty Council member Everett I. Mendelsohn. “It would not surprise me if during this period there were a slowdown.”Slowdown or not, Allston is poised to become Harvard’s project for the next half-century.THE SUMMERS STAMPBok initiated the purchase of land in Allston during his first Harvard presidency in the 1980s, and most of Harvard’s property there was amassed under...
...have raised the most money of anyone in Harvard’s history,” said Gomes. “The donors are likely to respond to these tried and true Harvard veterans.”Bok said on Monday that he expects to see a temporary slowdown in donations over the coming year, but added that he believes his successor will reinvigorate the push for gifts. “I think a number of donors will probably feel that they will like to wait and see who the next president is before making commitments...
...Kirshner, the Clowes professor of science, said that several projects, including a renovation of the Quincy Grille’s ventilation system, will go on despite the reduction in funds.The impact of campus expansion on the faculty has been more pronounced.Most notably, Kirby last summer initiated an abrupt slowdown of faculty hiring after three years of rapid growth.Several department chairs said recently that they have yet to hear from the dean about whether they will be authorized to carry out their requested searches for new faculty next year.Robert J. Sampson, the Ford professor of the social sciences, said the situation...
Even if your mortgage is under control, the ripple effects of rising interest rates could hit your investment portfolio. "Appraisers, mortgage bankers and title-insurance companies are all feeling the brunt of a pretty dramatic slowdown," says Stuart Hoffman, chief economist for PNC Financial Services Group. Hoffman suggests shifting those investing dollars toward stronger parts of the sector, such as the home-renovation and appliance industries. The National Association of Home Builders estimates that homeowners will spend $238 billion on renovations this year, a 13.2% jump from...