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...problem of course is that this system can be hugely inefficient. A McKinsey study in 2003 found that Harvard could save $15-30 million a year by combining purchasing power across sub-units—one particularly choice example: 25 different shades of crimson-colored stationary. Like any economist, Summers found the situation unsatisfactory and began a host of reforms designed to centralize University management. He created a new vice-president of human relations to coordinate labor contracts, and reorganized the Office of Budget, Financial Planning, and Institutional Research to provide more support to budget applicants. But a greater degree...

Author: By Hannah E. S. wright, | Title: Of Chair Legs and Tub Bottoms | 2/28/2006 | See Source »

...government last week. But who were those adventurists? What exactly were they up to? TIME got a box seat for the alleged plot: witnessing a meeting last Thursday evening at which plans were hatched for what a ringleader called a "withdrawal of support" from Arroyo, a U.S.-educated economist who was Bill Clinton's classmate at Georgetown University...

Author: /time Magazine | Title: Dinner with Coup Plotters | 2/26/2006 | See Source »

After a prolonged silence on the matter, the Harvard Corporation finally defended Lawrence H. Summers’ handling of the fraud case surrounding economist Andrei Shleifer ’82, a close friend and protegé of the University president.But the defense came too late to salvage Summers’ presidency.In a letter dated Tuesday, overshadowed by the announcement of Summers’ resignation that same day, the Corporation’s senior fellow, James R. Houghton ’58, addressed fresh allegations that Summers had shielded Shleifer from disciplinary action at Harvard. Several professors raised concerns about...

Author: By Anton S. Troianovski, CRIMSON STAFF WRITER | Title: Corp. Enters Shleifer Fray | 2/24/2006 | See Source »

...economist would judge a bet supporting Summers on tradesports.com to be a poor one. Probably. But the overall performance of Summers’ stock in Harvard’s history is overwhelmingly positive. That is a certainty...

Author: By Pierpaolo Barbieri | Title: Losing Money on Larry | 2/23/2006 | See Source »

...with much of president Bush?s diplomacy, there will be personal touches. Bush and Singh got along well at their July meeting in Washington last year. A senior aide to Bush says the President admires how Singh, a former economist trained at Great Britain?s Cambridge University, is committed to cutting tariffs and economic liberalization. Aides also say that while Bush has not visited India, he regards it in some ways as his father did when he was U.S. envoy to China in the 1970s - a country with vast potential that is just beginning to come into its own. Says...

Author: /time Magazine | Title: The President's Passage to India | 2/23/2006 | See Source »

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