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It’s no secret that Harvard has been struggling financially due to the recession—University Hall’s endowment woes (and resulting budget cuts) have come under constant scrutiny not only by The Crimson, but also by national newspapers such as The Boston Globe and The New York Times. But just in case you’ve been living under a rock for the past few months, FM has gathered some stats on the recession’s effects on Harvard, ranging from the obvious to the surprising to the potentially infuriating. Just remember: regardless...
Quotes By: "When the FBI asked me where Dan was ... I told them I was still in Egypt ... and he had called me the day before from Somalia." - From an unsealed FBI affidavit (Boston Globe...
...speaking at the closing ceremony, Deutsche Welle reported. Ripken responded that he had been acting on instructions from Germany's Foreign Ministry. The Frankfurt hosts' struggle not to offend the sensitivities of their Chinese guests while not compromising the ideals of the event is a recurring theme across the globe this year, as China pushes for more clout in cultural forums. This summer several Chinese directors pulled out of the Melbourne International Film Festival to protest the screening of a film about Rebiya Kadeer, an exiled activist whom the Chinese government blames for provoking deadly rioting in the northwestern city...
National news media outlets, including The Boston Globe, have reported on Gilchrist’s exclusion from the conference, and both Gilchrist and de Beausset have appeared on Fox News to discuss the situation...
...Shore, Harvard’s CFO, also told The Globe that the GOA losses did not prevent the school from meeting its existing obligations, and that the University’s cash position was secured by new debt issued by the school this year. Nevertheless, Shore said in an interview posted by Harvard that the school has adjusted its investment strategies to emphasize short-term flexibility and cash needs and will continue pursuing such “rebalancing efforts” in the future...