Word: exemption
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...University’s liquidity position has suffered recently due to endowment losses and stress in the debt and swap markets. In December and January, Harvard completed $2.5 billion in bond sales to guarantee cash flexibility and refinance risky variable rate debt.According to the report, disruptions in the tax-exempt variable rate debt markets last fall “increased the perceived risk that Harvard could experience a failed remarketing of its debt.” While no such failure occurred, the disruptions hampered the University’s liquidity position by forcing it to keep cash on hand...
...trade-off,” Scudder said.With the global financial market in free fall and the University’s endowment shrinking by at least 22 percent over the course of four months, Harvard issued $1.5 billion in taxable bonds on Dec. 5 and another $1 billion in tax-exempt debt five days later, bringing the University’s total debt in bonds and commercial paper to over $6 billion, according to a Dec. 5 credit report issued by Standard & Poor’s rating services. Despite the debt increase, S&P reaffirmed Harvard’s AAA long...
...fact, we surely will have to adjust the ways we think of ourselves. Still an exceptional country, absolutely, but not a magical one exempt from the laws of economic and geopolitical gravity. A nation with plenty of mojo left, sure, but in our 3rd century, informed by the wisdom of middle age a little more than the pedal-to-the-metal madness of youth...
Unlike the Core, Gen Ed does not exempt students from any of its categories. All Harvard students, starting with the class of 2013, must take courses in all eight categories: Aesthetic and Interpretive Understanding, Culture and Belief, Empirical and Mathematical Reasoning, Ethical Reasoning, Science of Living Systems, Science of the Physical Universe, Societies of the World, and the United States in the World...
Unlike the Core, Gen Ed does not exempt students from any of its categories. All Harvard students, starting with the class of 2013, must take courses in all eight categories: Aesthetic and Interpretive Understanding, Culture and Belief, Empirical and Mathematical Reasoning, Ethical Reasoning, Science of Living Systems, Science of the Physical Universe, Societies of the World, and the United States in the World...