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...John P. Huchra, former vice provost for research policy, cites bad luck as the source of Harvard’s current fiscal quagmire. “It was an aggressive but a reasonably sound plan,” Huchra says. “It would be hard to say that, at the time, what was being planned was the bad thing to do. To be honest, it’s hard to say now that what was being planned was a bad thing to do.”While a combination of over-ambition, poor communication, and bad fortune...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Once Ambitious, Harvard Revisits Allston Planning | 6/3/2009 | See Source »

...them altogether.“One of the things I think comes out of this is a greater need for modern financial training and knowledge,” he says. “We should be teaching more about modern finance and these tools, not less.”HARD TO STUDYWhile economists disagree over whether anyone could have predicted the snowball reactions of the financial markets, they acknowledge that such large and calamitous events are relatively unstudied.Some say the scant attention paid to market meltdowns was a natural product of their infrequency, despite their outsized ramifications. The last systemic...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Post-Crisis Economics | 6/3/2009 | See Source »

...12—to serve in the group. On budgetary issues, Flores began to push harder for a seat at the table. At the same April 14 meeting, Flores inquired into the level of involvement the Council would have on budget cuts.“I was trying very hard to prevent or change how that May 11 announcement happened,” she says, referencing the first round of budget cuts—including possible limits to shuttle service and the elimination of hot breakfast in upperclassman Houses during the week—which many students protested, saying...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: Presidential Power? | 6/3/2009 | See Source »

Quotes By: "I've thought long and hard as to what I might say that would sound original at this moment. But honestly, I don't have an original thought in my mind - all I know is what I feel in my heart, and that is that I am enormously moved and deeply proud of this nomination." - Accepting the Secretary of the Army nomination from President Obama on June...

Author: /time Magazine | Title: John McHugh: Obama's Pick for Army Secretary | 6/3/2009 | See Source »

...last year. She maintains that she has no idea how the drugs found their way into her possession. The backpacker trail in Southeast Asia is rife with rumors of regional airport officials sneaking drugs into unsuspecting travelers' bags in exchange for bribes, but the veracity of such tales is hard to prove. (Read "Burma's Opium Production Back on Rise...

Author: /time Magazine | Title: Pregnant British Woman Gets Life for Drug Smuggling | 6/3/2009 | See Source »

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