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...Diana M. Nelson ’84, a member of a group of major alumni donors, said she expected them to stay focused on high-profile issues like Allston and undergraduate education. But, Nelson said, the two might come up with different "specific funding priorities" detailing how money should be spent within these areas. She emphasized she did not expect funding decisions to be made through a "top-down, centralized process" but rather one involving deans and faculties across the University. Summers was criticized by many professors for not giving them enough input into deciding how Harvard's money should...

Author: By Claire M. Guehenno and Laurence H. M. holland, CRIMSON STAFF WRITERSS | Title: Faust Names Fundraising Chief | 9/8/2007 | See Source »

...lending standards had grown unsustainably lax, that real estate prices couldn't keep rising, that a sharp housing correction was in the offing. They were right. But those who actually worked in the business of writing, packaging and investing in mortgage loans couldn't act on such concerns and expect to stay employed. There was too much money to be made running with the herd. Or dancing with it, as Citigroup CEO Charles Prince put it in a memorable July interview. "As long as the music is playing, you've got to get up and dance," he told the Financial...

Author: /time Magazine | Title: Herd on the Street | 9/6/2007 | See Source »

When people talk, they lay lines on each other, do a lot of role playing, sidestep, shilly-shally and engage in all manner of vagueness and innuendo. We do this and expect others to do it, yet at the same time we profess to long for the plain truth, for people to say what they mean, simple as that. Such hypocrisy is a human universal...

Author: /time Magazine | Title: Book Excerpt: Steven Pinker: Words Don't Mean What They Mean | 9/6/2007 | See Source »

...What happens now in Congress? Less than many might expect. Democrats have been trying a variety of approaches since January: setting timetables, limiting deployments or easing troop-deployment schedules. Despite or maybe because of the consistent and vocal demands of the party's antiwar flank, none of the Democratic efforts have yet attracted lasting bipartisan support. The few that have come close fall well short of veto-proof margins. The best proposals, like the plan developed by Democratic Senators Carl Levin of Michigan and Jack Reed of Rhode Island that would begin withdrawals by 120 days after passage, mustered only...

Author: /time Magazine | Title: Moment Of Truth in Iraq | 9/6/2007 | See Source »

...synagogue in Djerba, Tunisia - after Germany was forced to kick him free due to subsequently altered legal restraints. "Extremists will always turn to people Westerners won't initially suspect: converts, doctors, women," the intelligence official says. "We've seen converts, doctors, and women involved in jihadist terrorism. Expect that again, and start looking for the next unexpected category...

Author: /time Magazine | Title: German Terror Suspects Fit Patterns | 9/6/2007 | See Source »

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