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...starters, Harvard’s top brass should reduce their own salaries. This goes for the president, the provost, the deans of the faculty and College, and all of their top managers. During his last year as president, Lawrence H. Summers earned just under $600,000. In general, deans make good money too: according to her federal disclosure forms, former Harvard Law School Dean Elena Kagan earned $437,000 last year. Pay cuts of $50,000 to $100,000 for each senior manager would show that they too are feeling the pain of the downturn and could save well over...

Author: By Paras D. Bhayani | Title: Budget Cutting for Dummies | 4/18/2009 | See Source »

...talked about creating a central exchange, much like the New York Stock Exchange, where the bond insurance would trade. Some have proposed doing away with CDS all together. Those changes would significantly curtail, or wipe out, Cantor's profits in its CDS business. What's more, New York Attorney General Andrew Cuomo has subpoenaed Cantor and other traders of CDS contracts to see if the bond insurance was used to manipulate the market. Fears about changes in the CDS market have weighed on BGC's shares, which have fallen to a recent $2.90 from $12 a year...

Author: /time Magazine | Title: Cantor Fitzgerald, Victim of 9/11, Thrives in Recession | 4/17/2009 | See Source »

Should the Supreme Court decide in favor of TA, says Naomi Gittins, deputy general counsel for the National School Boards Association, "it would be detrimental to the whole framework of collaboration to figure out what an appropriate education for a particular child is ... A lot of private schools for which parents want reimbursement don't have to meet state standards. How does that really serve the interest of children...

Author: /time Magazine | Title: An Oregon School for Troubled Teens Is Under Scrutiny | 4/17/2009 | See Source »

Students were informed about the change in policy though an email Wednesday night from Faculty Club General Manager Heinrich Lutjens. “No need to join—just come, celebrate, network, and relax,” the e-mail read. “We are uniquely Harvard...

Author: By Noah S. Rayman and Elyssa A. L. Spitzer, CRIMSON STAFF WRITERSS | Title: Faculty Club Opens To Student Body | 4/17/2009 | See Source »

Palin, Gov. Sarah • Alaska Legislature soundly rejects choice of for state attorney general • denial by of calling for Sen. Mark Begich to resign so Ted Stevens could be re-elected after e-mailing "I absolutely agree" in response to Alaska Republican Party chairman's call for Begich to step down • description of by former supporter of as "a clownish, vindictive amateur...

Author: /time Magazine | Title: Paul Slansky's Weekly Index of the News | 4/17/2009 | See Source »

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