Word: indirect
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Dates: during 1990-1999
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Harvard is not alone in its malfeasance. Stanford, MIT, and many top universities have been hit by a federal probe into "indirect cost" disbursements and have come away red-faced after using taxpayers' money for frivolous purposes. (Indirect costs are those paid to universities' administrations above and beyond funds that go directly to individual researchers...
Harvard's decision last month to withdraw $500,000 in indirect cost requests was only a first step. Like the University's decision this winter not to participate in the financial aid overlap group (which is the target of a Justice Department inquiry), the refund was preemptive, designed to shed the appearance of impropriety. Sixteen other universities have similiarly admitted improper billings in order to avoid paying fines...
...Harvard and other research universities must do everything they can to restore the public's trust in their handling of government money. A good start would be for Harvard to release a full accounting of its indirect cost requests for past the past five years and to disclose the results of study on the topic that a private firm completed this spring...
...past four years, Taipei has promoted informal ties with Beijing, permitting its citizens to visit the mainland and sanctioning indirect trade across the Taiwan Strait. But, the Nationalists warn, their latest peace offering must be answered in kind by Beijing before tensions ease any further...
Harvard announced several weeks ago that it would cut $500,000 from this year's indirect cost bill. The University withdrew requests for reimbursement of costs which include funds used for a senior dean's retirement party and any costs relating to the home of President Derek...