Word: horizons
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Dates: during 2000-2009
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...People choose to work at Harvard for many reasons. The greatest reason is definitely not money,” Ochs said. “One thing we do count on is job security.” “When the specter of layoffs is in the horizon, you think, ‘How indispensable am I, really?’” said Gustavo Espada, a financial coordinator for the East Asian languages department. “I think a lot of the anxiety comes from that.” —Staff Writer Esther...
...Axelrod said that voters needed to be reassured that Obama represented “safe change,” and that the collapse of the investment bank Lehman Brothers on Sept. 15, with the first presidential debate on the horizon, provided an opportunity...
...profit institution with a long-term horizon, Harvard can afford to take relatively low-impact steps to address its budget shortfall. So far, Harvard has not had to follow the lead of the market in issuing a shower of pink slips. However, Harvard is far from immune to the market downturn, and, while we would ideally want to avoid cutbacks altogether, restricting salary increases and new hires is a reasonable decision that will minimize impact to our community, while hopefully helping to ease a significant portion of the $100 million shortfall...
These days, some real world facts still seem beyond Harvard’s thought horizon. At some universities in Africa, students are literally fainting from hunger because they cannot afford both books and food. While African universities operate in crumbling buildings and lack sufficient computers, Harvard’s endowment now stands at nearly $30 billion, even after the recent financial downturn. Yet Harvard’s well-staffed development office still solicits alumni for dollars as if it were starving for cash: In fiscal year 2008, Harvard netted $651 million from alumni and friends...
...more competition is on the horizon. In the past two months, Goldman Sachs, Morgan Stanley, Raymond James, GMAC, American Express and business financier CIT have all applied to convert into bank holding companies, partly in order to be able to get access to cheap funding through deposits. GE Capital, the finance arm of GE, is planning on doubling its deposit base, which it garners through broker-sold CDs, to $81 billion next year. Goldman Sachs is on track to open an online bank. Morgan Stanley, which already has $36 billion in deposits, is selling billions of dollars' worth...