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...said, was reached last week—Houghton’s letter was too late to head off the mounting Faculty revolt against Summers.Abernathy, the professor to whom Houghton’s letter was addressed, declined to comment last night. He did release his initial letter to Houghton, dated Jan. 24, which concluded, “The story, if true, is damning to Harvard.”The recent outcry over the Shleifer matter underscored divisions in the Faculty. While many professors have brandished harsh words to describe the University’s handling of the case, Harvard economists have...
...letter. “Perhaps less visible to the general public, the Fed also worked to enhance the transparency of monetary policy.” Ferguson was first named to the Federal Reserve in 1997 under former U.S. President Bill Clinton to fill an unexpired term ending Jan. 30, 2000. In 2001, Ferguson was reappointed by Bush for another term that was set to expire in 2014. Harpel Professor of Capital Formation and Growth Jeffrey A. Frankel, who was appointed to the Council of Economic Advisers under Clinton, said that outgoing University President Lawrence H. Summers initially suggested Ferguson...
...wake of Dean of the Faculty William C. Kirby’s forced resignation on Jan. 27, professors’ calls for Summers’ resignation grew exponentially louder over the past two weeks. So did criticism from students, alumni, and some Faculty dissenters who castigated Summers’ opponents for fostering a “culture of grievance, intemperance, and ill will,” as Peretz Professor of Yiddish Literature Ruth R. Wisse wrote in an e-mail last week...
...Jan. 1971 interview with The Crimson, Bok said that he intended to show just those qualities while in office: “My own feeling is that it is really terribly important that you be as open as you can be about what you’re doing, be very careful about what you promise and that you break your back to fulfill any commitments that you do make—and in that way very slowly build up trust in at least a substantial number of students and faculty...
While Summers had long suffered from frosty relations with some segments of the Faculty, his troubles deepened on Jan. 14 of last year, when he told an academic conference that “issues of intrinsic aptitude” might partly explain the underrepresentation of women in the upper echelons of the science and engineering fields...