Word: hand
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Dates: during 2000-2009
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...know to understand why Bank of America in May sold a 5.8% stake in China Construction Bank for $7.3 billion. Bank of America has been so badly hurt by the U.S. financial crisis that it needs to raise billions of dollars to recapitalize. Meanwhile, Chinese banks are making money hand over fist as China's economy continues to expand. (Read "Bank of America Needs to Play Its Merrill Card...
...leaders of the University on what their large priorities are,” says former Dean of the College Harry R. Lewis ’68. “To really make large scale changes, I think you need a somewhat stronger hand—a stronger hand that’s informed and consultative...
...some, Smith’s unflappable nature is a steadying force in the midst of a financial maelstrom. Faust praised her handpicked dean as one whose guiding hand has been “very steady at a time that has been one of great pressure.” Unfazed even as students and staff noisily protested outside the windows of University Hall during the year’s last Faculty meeting, the computer science professor has a distinctively scientific—perhaps even stoic—approach to the difficulties of the budgetary crisis...
...After the University learned that the endowment had fallen a precipitous 22 percent in December, Smith devoted the bulk of the two subsequent Faculty meetings to explaining the looming budgetary shortfall with powerpoints and hand-written figures—a function that professors came to expect in their dean...
...University’s heavily debt-financed and accelerated Allston expansion was essential for Harvard’s continued scientific competitiveness, and that the planning was not unusually or excessively risky. Rather, they say, a confluence of unfortunate events decimated University budgets and forced Faust’s hand.“It would have been so imprudent and financially impossible to go ahead with this pace and scale,” said University Provost Steven E. Hyman in a recent interview with The Crimson.Whatever the origins of Harvard’s current predicament in Allston, it is clear that...