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...behalf of financials, so it was only going to be a matter of time before banks started to rise. Also, many investors have been so focused on the short term - all the recent steps taken by the Federal Reserve and the Treasury - that they have forgotten that the bank assist started in August of 2007 when the Fed cut the discount rate and opened the lending window to a wider list of financial companies. So this has been going on for a little less than two years. Typically when you see that type of extended intervention, and such an enormous...
...also be accepting the retirement package, which allows staff over 55 years of age to voluntarily retire if they have worked at Harvard for at least 10 years. Herschbach is a longtime administrator who became the College’s dean for administration last year. She said she will assist in finding her successor, but noted that the responsibilities of her replacement would probably differ from her own, stressing the new relevance of finance in administrative duties. “The whole portfolio has to be reshaped around that very prominent element,” Herschbach said. Herschbach began working...
...Faculty of Arts and Sciences’ Information Technology division plans to cut the jobs of up to 25 students currently employed as User Assistants, FAS IT Senior Client Technology Advisor Noah S. Selsby ’95 confirmed to The Crimson yesterday. Selsby denied that the cuts were budget-related and wrote that the cuts are aimed at “refocusing the way the services are provided in order to increase efficiency.” “While the timing of these changes coincides with cuts in other areas of the university, this particular change will...
What a dream series for the NHL. The league's two best players, Alex Ovechkin of the Washington Capitals and Sidney Crosby of the Pittsburgh Penguins, are going goal for goal, assist for assist, in an Eastern Conference semifinal series headed for a deciding Game 7 on Wednesday night. In Game 2, a captivating 4-3 Capitals win, both guys scored hat tricks. Five of the games have been decided by one goal, and three have gone into overtime...
...coaches knew either.” The cut was one of several made by the athletic department to reduce its budget as part of $77 million in reductions across FAS released Monday. Athletic department officials plan to meet with members of the JV teams in the coming weeks to assist with the transition to club status, the players said. Director of Athletics Robert L. Scalise and other administrators in the athletic department did not return repeated requests for comment over the past two days. At this moment, players say they are uncertain about what the future holds. Club sports, unlike...