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...executives at the Harvard Management Corporation, who manage the university’s endowment. They have also requested that the managers give back their income earned during the fiscal year ending June 30, when HMC’s top six officials made a collective $26.8 million. Even given the fact that in the following four months, Harvard’s endowment plunged a record 22 percent—losing roughly $8 billion—such calls for drastically lower pay are unreasonable, as they fail to take into account the true impact these officials have on Harvard?...

Author: By The Crimson Staff | Title: Show Them the Money | 2/3/2009 | See Source »

...many mortgages in it would pay out to maturity and how many would fail. After these calculations were made, they were sold to banks, brokerage firms, and other financial institutions as high-yield paper. The major credit agencies gave these securities "Aaa" ratings based, in part, on the fact that nationwide home prices had not dropped in any year since The Great Depression. The notion that pools of subprime mortgages could be rated "Aaa" under any circumstance is astonishing. (See who's to blame for the current financial crisis...

Author: /time Magazine | Title: Finding the Man Who Started the Global Recession | 2/2/2009 | See Source »

After the disappointing opening home loss to Dartmouth—perhaps its main rival for the Ivy crown—the Harvard women’s basketball team had three weeks to mull over the fact that it needed to sweep this weekend’s play to kick start its season. Two games, two wins, job done.In dominating the first 18 minutes against Princeton, the Crimson showed why it was the preseason favorite to win the conference. Harvard (10-7, 2-1 Ivy) jumped out to a 41-22 lead en route to an 82-73 victory over...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Overcoming Princeton, Crimson Rounds Out Sweep of Killer P’s | 2/2/2009 | See Source »

...fact that it ended on a fumble was pretty disappointing, but overall it was a very exciting game,” Purcell said...

Author: By Helen X. Yang, CRIMSON STAFF WRITER | Title: Students Cheer on Steelers’ Victory | 2/2/2009 | See Source »

...cheat” in order to ruin them. Simpkins had been working as an intern at the Dorchester District Courthouse since September 2007. The DA terminated Simpkins’ internship on Jan. 26, the Monday after prosecutors learned of his arrest. “Particularly disturbing was the fact that [Simpkins] said that he worked at the district attorney’s office,” Wark said. Simpkins was brought to court for his arraignment Jan. 26. Due to the fact that Simpkins’ former position as an intern might present a conflict of interest for any Suffolk...

Author: By Marianna N Tishchenko, CRIMSON STAFF WRITER | Title: Third-Year Harvard Law School Student Arrested After Allegedly Threatening Boston Police Officers | 2/2/2009 | See Source »

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