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...most popular Law School Dean in recent memory but also managing a budget squeezed by a precipitous fall in the University endowment and making difficult decisions as to how to restructure a large, hallowed institution that just a few years ago was known for infighting among faculty and a lack of concern for student life...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: HLS Dean Search Narrows to Four | 6/3/2009 | See Source »

...Faust hopes to install a Dean that can hit the ground running on the budget and continue the budgetary reforms initiated by Jackson, she may favor him as permanent Dean. Professors Manning, Minow, and Wilkins lack Jackson’s familiarity with the budget and might be unable to make progress on the budget as quickly, according to several senior professors on the faculty...

Author: By Elias J. Groll, CRIMSON STAFF WRITER | Title: HLS Dean Search Narrows to Four | 6/3/2009 | See Source »

...centerpiece of the Allston campus—receives its dose of administrative caution. Last month, Gordon said it was “extremely unlikely” that the project would be stopped forever. But he would not say for certain.‘STAY THE COURSE’The lack of consultation during the Summers planning process has also frustrated some faculty members, who feel the current fiscal predicament could have been at least partially avoided through a more open process.“I think many of us on the faculty felt that the mission on this side...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Once Ambitious, Harvard Revisits Allston Planning | 6/3/2009 | See Source »

...last few years, a trickle of physicists, computer scientists, and mathematicians to Wall Street has diluted the level of understanding of the formulas and algorithms processed by their high-powered computers, says economics professor David I. Laibson ’88. In certain cases, some economists say, their lack of economic intuition may have caused them to make incorrect assumptions that biased the models.One of the quantitative modeling concepts that has come under heaviest fire is Value at Risk, which, unlike Black-Scholes, was born of the demands of the trading floor.VaR projects the maximum loss a company will suffer...

Author: By Athena Y. Jiang, CRIMSON STAFF WRITER | Title: Post-Crisis Economics | 6/3/2009 | See Source »

...part of the UC—those issues include J-Term and budget cuts.”Flores readily acknowledges that she was forced to work to affect policy after decisions had already been made on both issues, but cites as the reason what she says is a lack of prioritization of student opinion in decision making.“It isn’t a choice. I’m only capable of being reactive and not proactive,” she says. “Was I reactive by choice? No. Did it turn out that...

Author: By Eric P. Newcomer, CRIMSON STAFF WRITER | Title: Presidential Power? | 6/3/2009 | See Source »

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