Word: cutting
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Earlier this week, the Securities and Exchange Commission cut a deal with Madoff, settling a civil case against him where he accepted a permanent asset freeze and agreed to the SEC's complaints against him were "established" and could not be contested. Madoff consented without "admitting or denying the allegations" that he allegedly ran the decades-long fraud under the nose...
...What we’ve been trying to do all along with the budget reductions is to think of all the possible ways [to cut] without affecting people,” Oseasohn said, calling an early retirement “a less painful thing than saying we’ve got to let somebody...
...Faculty of Arts and Sciences are working to refine proposed budget cuts—a process concurrent with more over-arching cost-reduction measures being spearheaded by the administration. In an interview last month, FAS Dean Michael D. Smith said departments have submitted proposals detailing areas that could sustain cuts. The “vast majority” of departments have founds ways to trim 15 percent of their budgets in keeping with a recommendation Smith made in December, the Dean said. “Part of the issue here is we can’t stop the business...
Bright young PhDs grinding through research may no longer see Harvard as the light at the end of the tunnel. As a result of the economic downturn, the Faculty of Arts and Sciences has cut its number of faculty searches from 50 to 21. We understand that in this difficult financial climate sacrifices need to be made. Nevertheless, impeding the College’s flow of intellectual resources is an unwise compromise...
...Simon Young, director of the Center for Comparative and Public Law at Hong Kong University, says the current laws were designed to cut down on organized crime and pimping - it's illegal for anyone except a sex worker to profit from the services rendered. But the code "is out of touch with reality," Young says. "A clearer law must flow from a policy change that recognizes the existing law hurts many innocent people...