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Hiking taxes is the less traumatic course, though it will only be accepted as the cost of inaction rises. "Congress only responds to financial crisis or some other external shock," says Bill Gale, co-director of the Tax Policy Center in Washington. "Nothing will be done in Obama's first term to substantially increase tax revenue." (See the top 10 bankruptcies...

Author: /time Magazine | Title: How High Could the U.S. Tax Rate Go? | 3/3/2010 | See Source »

During halftime and timeouts on Friday and Saturday night, the Harvard cheerleading squad quickly scrambled into formation at center court. Pom-poms and signs at the ready, each member wore a neat crimson uniform, a clean, white ‘H’ adorning the chest. The team launched into its carefully synchronized routines, perfected through hours and hours of practice...

Author: By Dennis J. Zheng, CRIMSON STAFF WRITER | Title: Cheer Hosts Special Guest | 3/3/2010 | See Source »

...What, sir, it seems you are asking now is to take control, and this raises serious questions of what a center director is trying to do,” Blackbourn said to Smith...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: New FAS Policy Budget Questioned | 3/3/2010 | See Source »

...governance of the centers has always been in the hands of the faculty associated with them in partnership with FAS,” said Susan J. Pharr, director of Harvard’s Reischauer Institute of Japanese Studies. According to Pharr, Smith had reassured center leaders at a meeting on Friday that he would refrain from taking full control of their budgets...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: New FAS Policy Budget Questioned | 3/3/2010 | See Source »

...budgeting strategy, known as the “first-dollar principle,” requires that departments and centers spend their restricted funds according to thus far unspecified FAS “core principles.” Since area study centers—such as the Center for European Studies—are traditionally autonomous units that depend largely on restricted endowments and donations, center administrators were concerned about losing control of their spending priorities...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERS | Title: New FAS Policy Budget Questioned | 3/3/2010 | See Source »

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