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...cash reserves. Instead of winning donors over with plans for a new building dedicated to cutting-edge research, University leaders changed tactics and approached them for current use gifts and unrestricted funds to sustain Harvard’s core activities in the short-term.“We felt that it is very important to have resources to make immediate interventions that will have good outcomes in the long-term,” Faust says, citing the need for greater flexibility in diverting funds. Unrestricted funds can be used at the discretion of University leaders, and current use gifts...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Donors Express Confidence in Faust’s Direction | 6/3/2009 | See Source »

...remained in the background until last month, when the first round of cuts across the University’s largest school drew outrage from constituents who felt as though the real talk—which led to $77 million in cutbacks—had happened behind closed doors...

Author: By June Q. Wu and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Behind Closed Doors | 6/3/2009 | See Source »

...inadequate appreciation of the role of analytic social science,” and that the debate over where Ec10 fits in Gen Ed is “a symptom of these flaws.” The Economics Department’s leadership—which similarly felt as though quantitative social science had been left out in the cold—stood with Mankiw in solidarity. According to several Gen Ed committee members, department chair James H. Stock and director of undergraduate studies Jeffrey A. Miron visited a Gen Ed committee meeting to argue that Ec10 still belonged...

Author: By Bonnie J. Kavoussi, CRIMSON STAFF WRITER | Title: Gen Ed Forced To Get Practical | 6/3/2009 | See Source »

...Over the course of last semester, the Houses have felt the impact of budget trimming in five main areas: the Senior Common Room, House libraries, shuttle services, hot breakfast, and House staff...

Author: By Bita M. Assad and Ahmed N. Mabruk, CRIMSON STAFF WRITERSS | Title: House Life Faces Uncertainty | 6/3/2009 | See Source »

...Faust may not have been aware of the Allston plan’s reliance on debt nor the difficulty of raising funds for the project until she took office, according to the faculty member, who requested anonymity to preserve their relationship with University officials.“She evidently felt that this was not a decision that was made as fully or carefully financially as it should have been,” says the professor.Faust recently said in an interview that she thinks the Science Complex was “on a fast track” and that...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Once Ambitious, Harvard Revisits Allston Planning | 6/3/2009 | See Source »

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