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...argue that these benefits bring added responsibility besides just educating students and providing research, as there are plenty of for-profit institutions that fulfill these roles. In the midst of a recession, Harvard is in a better position than almost any other large institution to support the local community and national economy through providing fair and stable jobs. If Harvard thought it worthwhile to create these jobs, then it has the responsibility to keep them when Cambridge, Allston, and America need them the most. If Harvard continues to benefit from taxpayers and local community members, it must meaningfully and equitably...

Author: By Laura M. Binger, John F. Bowman, and Benjamin J. Oldfield | Title: Harvard’s Role As a Nonprofit | 5/21/2009 | See Source »

...publicized and explained, our efforts to trim the FAS budget focused on local planning and efficiency-increasing measures, and it asked the community for ideas. It produced an extensive set of suggestions, and the academic deans of FAS approved those that made better use of our limited resources within the context of our core mission. The approved list equates to a $77 million reduction in our annual operating budget but represents only 35 percent of the $220 million deficit that FAS will face in two short years (based on what we know today...

Author: By Allan M. Brandt, Evelynn M. Hammonds, and Michael D. Smith | Title: Our Plans for the Future | 5/21/2009 | See Source »

...Administration had hoped that last month's release of the so-called torture memos would shed some light on the dark practices; the ensuing uproar, from both sides of the political divide, has only made things murkier. For many, the controversies make the case for an independent inquiry: what better way to sweep aside the politics and get to the facts? (Read about the Pentagon's role in torture tactics...

Author: /time Magazine | Title: Obama: Still Opposed to Truth Commission | 5/21/2009 | See Source »

...Macau drought could get worse before it gets better. More competition is on the way. Melco Crown on June 1 is slated to open its City of Dreams project in Cotai, across the street from Adelson's Venetian, adding a 520-table casino and a Hard Rock Hotel to the market. Still, some analysts believe Macau's fortunes are starting to improve. Aaron Fischer, gaming analyst at brokerage CLSA in Hong Kong, says that China's economy is strengthening, which could benefit the city's tourism industry. He also notes the Chinese government seems to be loosening its tight visa...

Author: /time Magazine | Title: Fortunes Fade for Macau's Casino Kings | 5/21/2009 | See Source »

...Thursday. That migration to the Web risks trapping French dailies in a dilemma their U.S. peers are already caught in: a proliferation of Internet-savvy readers unwilling to pay again for the original paper product. Indeed, Texier thinks whatever its current agony, the U.S. newspaper industry stands a better shot of coming out of this period alive than its French counterpart. (Read "How to Save Your Newspaper...

Author: /time Magazine | Title: French Newspapers Cutting Back on Holidays | 5/21/2009 | See Source »

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