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...Harvard’s schools debate budget cuts, Allston residents face the possibility that funds previously reserved for the University’s expansion plans could be diverted to yet-to-be-determined projects. Since 2001, the strategic infrastructure fund??a 0.5 percent levy on the endowment of all of Harvard’s schools—has set aside money for financing projects in Allston. The fund contained $140.5 million as of 2007, according to Harvard Magazine. But in light of considering departmental budget cuts of 10 to 15 percent, faculty members—often critics...
...Asked by a professor during yesterday’s meeting to comment on the status of the Strategic Infrastructure Fund??a 0.5 percent annual levy on the endowment that has traditionally funded Allston development—University President Drew G. Faust suggested that the money could be put towards other projects in present circumstances...
...desert high noon, will be migrants, refugees, and undocumented workers who can only pass those same borders restrictively, slowly, and with much effort. In a world where output has increased over the past twenty years primarily due to a fivefold expansion of the labor supply, according to International Monetary Fund??s World Economic Outlook 2007, increased labor mobility—rather, increased human mobility—is still anathema to both the political left and right in developed countries. Even though a dramatic increase in immigration would probably alleviate world poverty and generate wealth more than any other...
...economy worsens, fundraising has become, and is going to be, an increasingly difficult challenge. Alumni have voiced much concern about funding financial aid: their wish to establish a “rainy day fund?? for scholarship holders covering them in case of crisis, is being taken seriously. Unfortunately, no one knows how long the rain will last...
...crippled investors’ access to capital—a key driver of gains in that sector. Harvard would not be alone if it did unload much of its private-equity portfolio, according to The Journal. The newspaper reported that the nation’s largest public pension fund??the $189.6 billion California Public Employees Retirement System–has requested that private-equity firms “ease off” of demands for capital that the fund had previously promised...