Word: drives
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Dates: during 1970-1979
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...England, the lashing, defiant sound of the Clash has scored well on the charts. Their songs drive hard and mean business. Just the titles give a taste of the action: Last Gang in Town, Guns on the Roof, Drug-Stabbing Time. In the U.S., air play is scarce. Easy enough to figure that stations programmed for the lulling sounds of California rock or the dull throb of disco might not take to a Clash tune like Tommy Gun. There is even some civic concern about violence at the concerts, to which Strummer replies, "There's as much violence...
...love of Harvard alumni for their alma mater worth? The University is betting it will be worth at least a quarter of a billion dollars over the next five years. Assuming the Corporation formally agrees--which now seems almost certain--Harvard will launch a five-year, $250-million fund drive some time this fall, a grand scheme that administrators hope will bolster Harvard's massive $1.4 billion endowment in the face of relentless inflation...
...drive didn't spring forth, full grown and armed, from anyone's head; the idea has floated back and forth between Faculty of Arts and Sciences (FAS) offices and University fund-raising centers for at least two years. But the drive only began to take definite form in recent months and now awaits nothing but Corporation approval--expected late this spring--before the appeals for money can start. Harvard's development officials are already establishing a network of volunteers in each class and geographical area who will be ready to comb their classmates for money the moment the drive officially...
...does proverbially rich Harvard need so much money so fast? And where will it all go? The last major University fund drive--the Campaign for Harvard College in 1958, which raised $82 million--financed expansion and left tangible results in its wake, including Holyoke Center. This time around, the bulk of the money, earmarked chiefly for the College to finance faculty salaries, student aid and academic reform, will disappear into bank accounts and endowment investments. There won't be any new buildings for generous contributors to plant their names...
Inflation eats away at the real value of the Harvard endowment, the guarantor of the University's immortality, even as the number of dollars in the portfolio reaches new heights. A major goal of the fund drive will be to raise money to endow chairs for current Faculty members, so the Faculty can re-allocate the money it now uses to pay them. Roughly $80 million in fund drive revenues will probably go towards this end, the largest single item on the fund drive's list, according to tentative figures supplied by Peter F. Clifton '49, director of the Harvard...