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...States Agency for International Development. In 2005, a settlement was reached between the government and the defendant parties, with Harvard and Shleifer paying millions of dollars in damages. And up until last week, Harvard had allowed Shleifer to maintain his endowed title with the Faculty of Arts and Sciences (FAS). Last Wednesday, FAS said it had concluded its ethics inquiry of Shleifer’s defrauding of the U.S. government, but it was not revealed whether FAS had taken disciplinary action on the economist until last Friday, when he appeared to have been stripped of his endowed title as Jones...
...Faculty of Arts and Sciences’ (FAS) future looks very red—not crimson. That’s the gist of Interim Dean of the Faculty Jeremy R. Knowles’ recent letter to professors on FAS’ financial outlook. Although FAS—the umbrella organization that funds the College and the Graduate School of Arts and Sciences—currently has a small surplus on its $950 million budget, it is expected to have a significant deficit starting next year. In his letter, Knowles sounded an ominous alarm, writing, “[I]nstitutional interventions...
...title yesterday. The Boston Globe first reported the change on Friday.Harvard economics professors said that the move would likely not correspond with a cut in Shleifer’s salary, and it was unclear whether Shleifer had been penalized in any other way by the University. FAS officials and Shleifer declined to comment on the details of the professor’s punishment. The Crimson first reported the conclusion of a months-long investigation of Shleifer on Thursday. The ethics inquiry centered on allegations that the professor had violated Harvard conflict-of-interest rules when he made private investments...
...bright spot in Knowles’ report was his revelation that FAS ended the most recent fiscal year with a $4.9 million surplus. The resources panel predicted in January that the school would face a $40.7 million shortfall...
Decades from now, some Crimson columnist may look back on last week as one of the most significant in the history of undergraduate education at Harvard. The Preliminary Report of the Faculty of Arts and Sciences (FAS) Task Force on General Education, released last Wednesday, charts a radically different course from its predecessors. Designed to prepare undergraduates for membership in contemporary global society, the proposed program would discard the Core Curriculum’s once-revolutionary “modes of inquiry” approach, while continuing to require undergraduates to take a prescribed number of courses...