Word: deficits
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Dates: during 2000-2009
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...meeting, led by FAS Dean Michael D. Smith, helped to articulate the nebulous financial condition of the university to staff and faculty members who will be heavily impacted by the situation. He discussed pressing issues surrounding the $220 million deficit that FAS is expected to run for the next two years. Ever since last month’s announcement that endowment funding for Harvard schools will drop by a steep eight percent, there has been much confusion about what changes will proceed in the immediate future. Fortunately, Tuesday’s meeting helped remove the opacity that normally characterizes Harvard?...
...necessary. The meeting occurred the day after an optional early-retirement incentive program for FAS staff members drew to a close and Smith announced that 30 percent of staff had participated. While he hinted at possible layoffs in the future, given FAS is saddled with such a large deficit, Smith did not articulate any specific plans. In spite of any concrete details, however, the general sentiment among the faculty seems to have been one that appreciates a transparent response to the financial crisis, and we echo that reaction...
...Crimson also has a pretty good idea of what to expect tonight, as it rallied at home over one month ago to hand the Scarlet Raiders their first league loss of the season. Facing a 2-1 deficit, the host team picked up its offense when it needed it most, relying on clutch hitting by co-captain Brady Weissbourd and freshman Matt Jones to close out its second league win. Currently riding a string of three consecutive road wins, the Crimson will do its best to use past performances to its advantage...
...recommendations. At the moment, the administration seems completely preoccupied with the College’s financial troubles. We understand and sympathize with this focus. But, while Ad Board reform will not save a dollar, let alone the $200 million needed to cover this year’s FAS deficit, this is one issue on which a marginal increase in attention from the administration and Faculty would result in considerable goodwill from students. After a year of budget cuts and somber news, this small investment of time and energy would remind students that one of the College?...
...marks the 40th anniversary of the infamous student takeover of University Hall. That's right. Forty years ago, a mob of angry students barged into the administrative building and kicked the deans out. FlyBy didn't know the anniversary had passed--but considering FAS's projected $220 million deficit over the next two years, we probably don't have the funds to invite guest speakers to commemorate an event like that anyway. More ruminations on student takeovers after the jump...