Word: billionã
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...random, unexpected dealing out of punishment by the Ad Board and the deans breeds fear and, ultimately, lack of respect. If giving President Drew G. Faust a fake check for $1 billion??€”which we did during a previous Grand Elections and she said she found amusing—is allowable but presenting the registrar’s office with a Hallmark card is an offense worthy of months of investigation, there is no real way to know, as a student, where lines are drawn. Thus we are faced with two options: accept the risk...
...year after Harvard’s endowment plummeted 27 percent—losing almost $11 billion??€”University President Drew G. Faust told reporters in Shanghai last week that she expects a better year for the University’s coffers...
Despite the new bond issuance—which brings the University's total outstanding debt to $6.5 billion??€”Harvard will maintain its top-notch 'AAA' credit rating from both Moody's and Standard and Poor's, another credit rating service...
...coddling, our debt from reform will destroy the can-do spirit of our posterity. And yet, according to the nonpartisan Congressional Budget Office, the bill passed by the House would reduce the deficit by $109 billion over the first decade, and the Senate bill would reduce it by $127 billion??€”not to mention the other, more difficult to quantify elements such as the excise tax on high-cost insurance that will bring down costs as we grow. On the flipside, if we keep the current system, our general fiscal health will decay along with the initiative of many...
...especially for unrestricted current-use funds. He also repeated what has become a continuing note of caution—adding that FAS should be careful to hire faculty and staff only with the assurance of long-term funding. FAS must whittle down its expenses after the endowment lost $11 billion??€”30 percent of its value—this past year. The Harvard Corporation slashed its endowment distribution to FAS by 8 percent for the fiscal year ending July 2010, and is planning to cut another 12 percent the year after, University President Drew G. Faust said...