Word: fausts
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...Harvard University Employee Credit Union. In retrospect—now that we have seen our economy so negatively affected by the current financial crisis—I’m glad we decided we were not expert enough to risk gambling with student money. When University President Drew G. Faust announced that the value of our endowment had dropped precipitously by 22 percent since its June 30 estimate of $36.9 billion, the reality of the crisis hit home. Given that approximately one-third of the University’s operating budget is derived from the payout of the annual interest...
President Drew G. Faust recently announced that Harvard’s endowment had tumbled 22 percent in the first four months of the fiscal year, losing approximately $8 billion out of $36.9 billion. Earlier this week, Faculty of Arts and Sciences Dean Michael D. Smith asked professors to consider how they could cut 10 to 15 percent of their departmental budgets...
Nobel Prize-winning economist and University Professor Amartya Sen talked with Harvard Medical School professor Dr. Paul Farmer in a conversation moderated by University President Drew G. Faust...
...Faust joined in the discussion by commenting on Harvard’s role in helping provide education, which is named as a fundamental human right by the document...
...working very hard to make sure what we do is available in a variety of ways,” Faust said...