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...Faust urged the Faculty not to view the changes resulting from the financial crisis as mere losses, but as opportunities for the University to refine its priorities and reexamine its identity. “I think it forces us to ask who we are and who we intend to be,” Faust said. “We have to make very hard choices, we have to be willing to give some things up, and all of us are going to be finding ourselves doing things differently.” Despite all the financial constraints of the past year...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Faust Strikes Upbeat Note on Future of FAS at Faculty Meeting | 5/20/2009 | See Source »

...University’s $36.9 billion endowment is projected to suffer a 30 percent loss by the end of June, Harvard administrators intend to freeze all non-union employees’ salaries for the next year...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Admins Stay Mum on Salaries | 5/18/2009 | See Source »

...unless the plans were parked. On Friday, Team Ferrari filed an injunction in a French court to block the cap. Rivals Renault, Toyota, Red Bull and Torro Rosso all issued similar warnings. "If the regulations for 2010 will not change," read a Ferrari statement, "then Ferrari does not intend to enter cars in the next Formula One world championship." (See the 50 worst cars of all time...

Author: /time Magazine | Title: Can Formula One Run Without Ferrari? | 5/15/2009 | See Source »

...These days, the government's moves seem anything but light-handed. By early June, the banks that were deemed to need capital will have to submit their money-raising plans to regulators. Government officials have said they intend to make management changes at the banks if the plans are deemed inadequate. Despite the relatively small $5.5 billion Citi was told to raise, the stress test deepened concerns about the bank. That means the hurdle Citi will have to jump in order to prove its management is up to the task could be higher than for the other banks...

Author: /time Magazine | Title: Inside Citi's Stress Test: More like an F than a B+ | 5/14/2009 | See Source »

...show of NATO solidarity with Georgia against Russia. Since Russia is the only power Georgia has gone to war with recently, Moscow might fairly assume that NATO exercises taking place on Georgian soil are designed to train soldiers for another possible conflict with Russia. If NATO does not intend for Russia to draw this conclusion, then it would be prudent for NATO to cease the exercises and conduct them in a politically less dangerous location...

Author: By Ellen C. Bryson | Title: Exercising Power in Georgia | 5/13/2009 | See Source »

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