Word: falling
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Dates: during 2000-2009
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...that HMC had been preparing for such sales long before then, and that the outlook for the private equity market was already “decidedly cautious to negative” that summer.But despite these hedging strategies, financial markets continued to deteriorate through the summer and ultimately imploded that fall. On one mid-September Sunday evening, Mendillo went out to dinner with her husband to celebrate her fiftieth birthday, only to return home to multiple messages from her HMC team notifying her that they were formulating contingency plans for Lehman Brothers’ collapse—the largest bankruptcy...
...Zeidel adds that he does not think the Medical School was treated fairly during the student protests last fall. He says that the students did not give HMS the opportunity to address the issue internally before going public...
...alum is aware that the global financial calamity has influenced every component of University finances: endowments, private philanthropy, and gifts from cash-strapped foundations. While stimulus funds have temporarily swelled the budgets of federal science agencies, the long-term picture for government funding is hazy at best, and may fall victim to deficit-cutting two years from now. Within Harvard, the deans and central administrators have had the unenviable task of cutting budgets in order to match our expenses to our newly constrained resources. We have all spent many hours since October engaged in these painful exercises...
...have occupied the Gen Ed committee over much of the last two years, as the College looks to turn the Gen Ed legislation passed by the Faculty in 2007 into a concrete set of courses for incoming freshmen in the class of 2013—all of whom will fall under the new program. The work thus far has been more struggle than seamless shift. There’s always an “enormous gap” between rules and practice, says the History department’s director of undergraduate studies, Daniel L. Smail, suggesting that it will...
...Whomever Faust ends up choosing to permanently succeed Kagan, that person faces the monumental task of not only stepping into the shoes of the most popular Law School Dean in recent memory but also managing a budget squeezed by a precipitous fall in the University endowment and making difficult decisions as to how to restructure a large, hallowed institution that just a few years ago was known for infighting among faculty and a lack of concern for student life...