Word: costs
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...have banks stress-testing all the time, so there is a cost-benefit analysis to be done," says Martin Bailey, who was a chairman of the Council of Economic Advisers under President Clinton and is a senior fellow at the Brookings Institution. "But if you can make the tests efficient, then I think they should become a part of the arsenal of regulation, particularly of the larger financial institutions...
...Unit Test Program of Social Analysis 10: “Principles of Economics” will cut the number of test graders next year in an effort to increase accountability and cost-effectiveness, according to Unit Test Coordinator Thomas E. Wei. In an e-mail sent Wednesday to test graders for the course (commonly referred to as “Ec 10”), Wei wrote that the Unit Test program “will undergo significant reforms” next semester, including reducing the number of graders, enhancing channels for feedback, and rewarding grading performance with monetary bonuses...
...reducing staffing in the advising office, it would also be wise to cancel Rinere’s brainchild, the wasteful Peer Advising Fellows program. The PAF program enrolls about 190 upperclassmen and pays them $1,000 per year. By contrast, the old prefect program, which accomplished the same goals, cost the College virtually nothing. With Rinere leaving, there is no reason not to go back to the day when the only thing that upperclass mentors earned was the right to eat in Annenberg...
...recognize that we are in a recession. We are prepared to say goodbye to hot breakfast and farewell to the Quad Library. Where unnecessary spending is taking place, we respect the administration’s decision to make cuts. However, the cost of ensuring Harvard students’ safety is not “unnecessary spending.” Student safety should never be a bullet point between “Scan and Deliver Service” and “Telecommunications Management” on a list of “cost saving measures.” While...
...While I commend Dean Hammonds for creating working groups with student representatives, I encourage the administration to think more broadly about student participation. Going forward, students are concerned that they will continue to be left out of the process as further cost-saving plans are announced, and the administration must publicly address the widespread belief that, over the summer, numerous additional cuts will be made to staff, faculty, and student life...