Word: direness
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...that we're indebted 130%. We're on a direct route to catastrophe. Our children will have to pay back amounts that will reach almost half of their incomes. It's a kind of economic slavery, and it can't be sustained." Granted, not many share that dire outlook. Just because Spain can't continue growing like it has doesn't mean its economy will catastrophically self-destruct. "Our central scenario is a soft landing," says Claude Giorno, who analyzes the Spanish economy for the o.e.c.d.; he sees the construction market slowing gradually rather than collapsing. But even he concedes...
...conclusions of the curricular review hardly at hand, Allston planning still ripe for revision—the true test for the Summers legacy becomes whether his vision outlasts his five years, whether his ideas prevail. Should Summers’ dismissal mark an about-face for a university in dire need of a new path to march along, as some claim, then Summers’ presidency will be viewed as an aberration, diverting an institution steeped in tradition from its natural course. Summers will have proved to be unready for Harvard. Should, however, this University continue along the trajectory along which...
...Kirby said. But another University Hall administrator says that because the fund is not permanent, it is an untenable long-term solution to the problems the College has faced in funding undergraduate initiatives.“I’m not trying to paint it as a dire situation, but it’s not sustainable,” says the administrator. “[The fund] is not the answer.”But Bingle, who serves on the executive committee of the HCF, says that the Undergraduate Life Fund “is not talked about...
...report issued by the Committee on Visual Arts, which proposed new spending for a Harvard Theatre, a new Design Center, salaries for new professors and museum staff, and building maintenance.MONETARY INTAKEPusey’s efforts at soliciting donations from alumni by convincing them of Harvard’s dire financial needs were evidently successful, as the University saw enormous increases in its endowment and budget during his tenure as president.In the fall of 1955, the Ford Foundation donated over $4 million, mostly to accommodate rising faculty salaries.Harvard received more than $3.75 million during the first quarter of fiscal year...
...suspected of attacking a member of Parliament who is of Kurdish origin - and who remains hospitalized after suffering a concussion - German police released a national report documenting a sharp increase in the number of crimes committed by far-right groups over the past year. And this comes after a dire "no go" warning, issued earlier this month by a former government spokesman who now heads an anti-racism advocacy group, that if people "with different color skin" travel to parts of eastern Germany, "they may not come out alive...