Word: downturn
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Long-time Harvard economics Professor John Y. Campbell will take over as chair of the Department of Economics on July 1—taking the helm in the midst of an economic downturn that has made its mark on the department. Campbell will replace the current chair, economics professor James H. Stock, who has served out his three year term. In his 15th year at the University, Campbell specializes in asset pricing and macroeconomics. Since 2004, he has also served on the board of Harvard Management Company—the organization charged with managing Harvard’s endowment. Campbell...
...noticed that, despite all the negative news, Harvard students appear to be taking the economic downturn in stride. Students report feeling resilient and optimistic about the new ways the economy will grow after working through this downturn. They recognize that it will be their generation that forges the new path and generates the innovative ideas necessary for a 21st-century infrastructure to develop. “We are Harvard students,” they say—well educated and positioned to be flexible and open to new ventures. In the past, Harvard students often felt risk-adverse and selected...
Even before the effects of last fall’s economic downturn began to impact the nation, the Office of Career Services had launched a new set of programs designed to “turn up the volume on diverse career options.” The new programming was designed to counteract the perception that OCS only offered help for students interested in business careers and featured events covering global public health, human rights and poverty reduction, government, international relations, education, the environment, clean technology, the creative arts, fashion, sports management, journalism, and more...
...restructuring and cultural nightmare. "There are no bronze medals in the telecom-equipment market," says analyst Duncan Stewart of Toronto-based DSAM Consulting. He says Silicon Valley's Cisco Systems and Sweden's Ericsson have the biggest market share, fattest margins and most cash to see them through this downturn...
Denise A. Jillson, Executive Director of the Harvard Square Business Association, said the sales tax increase was “painful” and “difficult” for consumers who are already hard hit by the economic downturn. But she added that the negative impacts of the sales tax would probably be minimal for Harvard Square stores, since shoppers would probably view the tax as a “necessary evil” for relieving the state’s financial difficulties...