Word: expansionism
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China's GDP has to stop falling and hold at a level of 6% growth. If it drops well below that, it means that demand for inexpensive manufactured goods in the U.S., U.K., and E.U. has dried up completely. If China economic expansion holds, even at levels that are low...
10. FM: It seems that with your organization, you are doing just this, which is remarkable. But what are the limitations to this expansion?
After a decade of excess, the bubble burst. Stocks tumbled in a flurry of panic, as financial institutions collapsed. Amid the turmoil, as the endowment’s prospects worsened, Harvard’s plans for expansion fell into doubt.
Yet the narrative is not from 2009. It is a story that took place over a century ago, in 1928. This history of the House system’s financing offers both hope and caution for expansion today.
Going forward, it would do the community good to have adequate—or even more than adequate—facilities in which to live and thrive during their four brief years in the academe. However, in evaluating the possibilities for this expansion, the university must also beware of the...