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Last week, Harvard announced its endowment had fallen 22 percent—$8 billion—in four months from its June 30 value of $36.9 billion, a decline that comes amid the worst financial downturn in decades...

Author: By Wyatt P. Gleichauf and Clifford M. Marks, CRIMSON STAFF WRITERS | Title: $1.5 Billion in Debt Sold To Raise Cash | 12/8/2008 | See Source »

...Renowned for her work as Nigeria’s finance minister from 2003 to 2006, Okonjo-Iweala took the World Bank position last October, just in time to see the global financial system collapse amid the credit crisis. She is now so busy that her children say they sometimes have trouble getting in touch with her. At one point, she owned seven different cell phones...

Author: By Niha S Jain, CRIMSON STAFF WRITER | Title: Alumna Leads World Bank in Crisis | 12/8/2008 | See Source »

...first move is in Bangkok, site of the world chess championship. Freddie Trumper, the loud American champion (Jonathan J. Carpenter ’07) prepares to face his Russian opponent Anatoly Sergievsky (Adam M. Lathram ’10) amid a politically tense atmosphere. Everyone, it seems, is a secret agent—or could be. When Freddie rashly accuses Anatoly of cheating, the game is suspended for negotiations. Meanwhile, Florence Vassy (Morgan L. Mallory ’10), Freddie’s Hungarian-American second, leaves her underappreciated role by Freddie’s side and instead begins...

Author: By Madeleine M. Schwartz, CONTRIBUTING WRITER | Title: 'Chess' Just Isn't Fun Anymore | 12/8/2008 | See Source »

...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...

Author: By June Q. Wu, CRIMSON STAFF WRITER | Title: HMS Plans To Cut Most Budgets | 12/8/2008 | See Source »

...Vassy, and Sergievsky. Suddenly, chess isn’t so straightforward, and the characters become pawns in a game with mysterious players. Despite the title of the musical, “Chess really ends up taking a backseat to the international intrigue and romance,” Bala says. Amid the romance and competition, political tensions stemming from the Cold War are a constant presence. “Characters are confronted with identity issues, the question of, ‘Can you really be independent in these times?,’ and the feeling that any day [the War] could...

Author: By Erika P. Pierson, CONTRIBUTING WRITER | Title: Cold War Meets Dancing Queen | 12/5/2008 | See Source »

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