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...increased correspondence comes during a global economic crisis that has affected even the Ivory Tower. In the past few weeks, University President Drew G. Faust and FAS Dean Michael D. Smith have been sending out letters detailing news in Harvard finance—Tuesday, Faust announced a 22 percent drop in the endowment in four months from its June 30 value of $36.9 billion...

Author: By Benjamin M. Jaffe and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Dean Smith To Release Detailed Finance Report | 12/4/2008 | See Source »

...over the last four months—the sharpest drop in history. Worse yet, Faust predicted continued gloom for the endowment, with a forecasted 30-percent drop for the fiscal year ending in June 2009. At the same time, current estimates call for the Faculty of Arts and Sciences (FAS) to make next year’s budget about $200 million thinner. In other words, add Mass. Ave. to the cliché about Wall Street and Main Street. Faust’s original letter sounded hopeful yet sober, and we feel the same. For all our complaints and cynicism, universities...

Author: By The Crimson Staff | Title: Ask Not | 12/3/2008 | See Source »

...Obviously, no one is happy with the endowment being down,” FAS Dean Michael D. Smith wrote in an e-mail to The Crimson yesterday, “but it does help out planning efforts to understand where the portion of the endowment that we can measure stands...

Author: By Clifford M. Marks and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Harvard Endowment Fell 22 Percent in Four Months | 12/2/2008 | See Source »

...Politics of American Education,” which has its exam on January 20, contacted the Registrar about rescheduling the exam, he received an e-mail detailing the policy, which he forwarded on to his students and which was obtained by The Crimson. “FAS will be holding exams as scheduled. For individual student requests of this nature, the student would have to present their request to the Administrative Board via their Resident Dean,” wrote Jampa Ghapontsang, the assistant manager of exams for FAS. “We do know that a student without...

Author: By Anita B. Hofschneider, CONTRIBUTING WRITER | Title: Students Protest Jan. 20 Exams | 12/2/2008 | See Source »

...FAS staff do not appear to be universally alarmed by the recent freeze, which did not affect any currently occupied positions...

Author: By Christian B. Flow and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Union To Meet With Dean Smith | 11/30/2008 | See Source »

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