Word: costs
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...think you can make short-term decisions without a long-term vision.”While the economic downturn has forced Harvard to reconsider all aspects of its present operations, donors say they have faith that the University’s core initiatives will survive current cost-cutting measures.“I like to think, though I haven’t asked Drew the question directly, that the vision is really little different than what it had been before the financial crisis,” John A. Kaneb ’56 says...
...this long-standing tradition has not been immune from the unprecedented fiscal crisis that is projected to cost Harvard nearly a third of its $36.9-billion endowment...
...University-wide cuts reach the Houses—from the elimination of hot breakfast to the possible trimming of shuttle service—House administrators, students, and generations of residents are questioning whether their Houses can endure cost-cutting measures without undercutting Lowell’s vision...
...COST OF CUTS...
...Altogether, students and some House administrators say that certain cost-cutting measures—whether initiated by College or by House officials—will change the nature of House life. Moreover, they add that these changes seemingly undercut the rhetoric of both the Renewal Report and the foundation of House life as articulated by President Lowell more than seven decades...