Word: fors
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Dates: during 2000-2009
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Harvard first announced plans in February to slow construction on its much-touted Allston Science Complex due to financial pressures and an unprecedented drop in the endowment. And to top off the University's financial woes, Harvard’s multi-million dollar Allston development fund had been all but...
In an effort to right itself after news of a precipitous drop in the University's endowment, Harvard officials offered early retirement packages to staff in February to push back the possibility of layoffs. The plan, available to staff over 55 who have worked at the University for over 10...
For all its implications of a fresh start, the commencement of 2009 was unable to shed the atmosphere of financial doom and gloom that persisted from the previous year. In March, Harvard announced that the payout from the endowment would decline by 8 percent in dollar value for the fiscal...
But those were the numbers. The reality of the souring fiscal climate hit especially close to home when Faculty of Arts and Sciences Dean Michael D. Smith unveiled in May a series of sweeping cost-cutting measures throughout FAS, which left few areas of student life untouched: fewer hot breakfast...
For decades, residents of U.S. cities would synchronize their pocketwatches using a giant globe that would descend from a pole in a public space to mark the exact hour. Ochs conceived of an ornate "time ball" that would descend just before midnight to mark the exact end of the year...