Word: institutionalizing
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This May, Barack Obama will deliver his first commencement address as president. He will not journey to West Point, as Bill Clinton did for his first such oration, to prove his patriotic gratitude for the men in uniform. Nor will he return, a devoted and loyal son, to one of...
Harvard’s endowment, however, like those of many other academic institutions, has been hit hard by the financial crisis, and it must make significant cuts in order to maintain the quality of its academics. The city council’s request that the university keep unnecessary employees while...
According to the most recent figures, Harvard’s endowment fell by 22 percent this year, which is forcing it to make large cuts in its budget. In recent months, the university has instituted numerous measures to tighten its budget, including a hiring freeze and a slowdown of its...
• Reform of regulatory regimes. The crisis has made plain that the global economy is now so intertwined that a collapse of a financial institution in one country can have a knock-on effect around the world. The summiteers will discuss global regulation not just of conventional commercial banks, but...
According to his paperwork, "Dmitri" spent several weeks in a psychiatric institution in the Arkhangelsk region in northern Russia and, soon after, he was finally diagnosed with a mild mental illness. He won't say what the diagnosis actually is; the important thing for him is that the general finding...