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...town hall meeting in April, Smith called for a broad-based restructuring of FAS to close a $220 million deficit over the next two years. In May, $77 million of possible savings proposed by FAS units were implemented in a sweeping round of cuts, which later included mass layoffs for staff. Smith charged six working groups with identifying the remaining $143 million. Those groups have seen varying degrees of progress since their creation...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERS | Title: FAS Dean To Hold Open Forum on Budget Deficit | 9/15/2009 | See Source »

...Minister by schoolmates amused by his obsessive interest in the workings of government, Rasmussen went straight from university to parliament. He became known for a meticulous, almost robotic style. Danes didn't love him, but they respected that he got things done. As Prime Minister from 2001 until last April, Rasmussen pushed Denmark to the right by freezing tax increases and cutting immigration numbers, even as he safeguarded its liberal positions on issues like gay marriage and climate change. He oversaw the complex negotiations that led to the last big intake of new countries to the E.U. and boasts...

Author: /time Magazine | Title: NATO's Reformer: Anders Fogh Rasmussen | 9/14/2009 | See Source »

...Connor accepted the challenge. On April 14, 1975, he bought a ticket to the Museum of Fine Arts in Boston and walked in as a visitor. He was armed, disguised as a chaffeur and accompanied by one friend—although six more were in on the plan. With a getaway car waiting, Connor snatched a million-dollar Rembrandt portrait off the walls and ran out of the building. Having eluded capture, Connor then negotiated the return of the portrait for a lightening of a previous sentence...

Author: By Antonia M.R. Peacocke, CRIMSON STAFF WRITER | Title: The Harvard Job | 9/11/2009 | See Source »

...become director of the Yale Cancer Center. While departments will be asked to cut non-salary spending by 5 percent—on top of a 7.5 percent reduction announced in February—salary-related budget allocations will not be subject to further cuts. In April, Yale administrators said that no more than 100 of the total 9,000 non-faculty employees would be laid off. Harvard has laid off 275 employees, out of a staff of 13,000. The so-called Yale model of endowment management—characterized by significant exposure to nontraditional, illiquid asset classes including...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Yale’s Endowment Faces 30 Percent Loss | 9/11/2009 | See Source »

...letter to Secretary Clinton, the ArmorGroup contract was under scrutiny. The State Department issued the first of eight "deficiency letters" in July 2007, the same month ArmorGroup took over embassy security. But after each complaint, the company somehow persuaded the State Department that the problems were being addressed. In April 2008 the State Department's contracting officer warned this was the company's "final opportunity" to correct shortcomings, and a September 2008 letter declared termination was being considered. In the end, however, the department renewed the contract until July...

Author: /time Magazine | Title: Afghan Embassy Scandal's Link to Cost-Cutting Security | 9/11/2009 | See Source »

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