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After finishing the fiscal year saddled with an unprecedented $6 billion in debt, Harvard may borrow even more money this year to sustain various capital projects across campus, the University’s chief financial officer said last week...
...issued by Moody’s Investors Service in April said that Harvard was considering halving its capital spending and new debt issuance due to investment losses. The report said that Harvard had previously planned on issuing $3 billion in new debt over the next few years to fund campus expansions, in addition to spending roughly $1 billion a year on capital projects...
Shore said that debt has allowed Harvard to expand its campus in “programmatically critical” ways in the past, and that Harvard must now “carefully” manage and service that debt. According to the University’s recent financial report, Harvard’s principal payments on debt are expected to increase sharply over the next few years...
...provides the largest single boost in scientific research in history. Let me repeat that: The Recovery Act, the stimulus bill represents the largest single boost in scientific research in history. (Applause.) An increase -- that's an increase in funding that's already making a difference right here on this campus. And my budget also makes the research and experimentation tax credit permanent -- a tax credit that spurs innovation and jobs, adding $2 to the economy for every dollar that it costs...
Furthermore, it makes little sense for Harvard’s restrictions to be more prohibitive than Yale’s: While Yale’s arena is located far from its campus, Harvard Stadium’s proximity to dorms guarantees that many students will simply return to campus after the tailgate ends early...