Word: letterization
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Yesterday’s letter did state that University leaders expect to spend a higher percentage of the endowment next year in an effort to buffer the immediate impact of the losses...
...letter also stressed the possibility of slowing construction projects or reevaluating “staffing levels,” and Forst confirmed that the University will reevaluate the scope and pace of every major capital program—including Allston expansion plans and House renovations at the College...
...need for budget reductions could have particular impact on employee salaries and benefits, which make up half of the University’s costs, according to yesterday’s letter...
...letter addressing the impact of the economic crisis last month, University President Drew G. Faust wrote that Harvard is assessing “the phasing and development of our campus in Allston...
...Willem Buiter, a political-economy professor at the London School of Economics, says that although the infusion of capital and soft loans in the financial sector "violates the letter and spirit" of standing E.U. laws on competition, European officials are turning a collective blind eye because of the credit crisis. Still, Buiter counsels Europe against matching any eventual bailout of the Big Three with aid to its own automakers. "If the Americans want to extend the life of the dinosaurs at public expense, they are free to do that," he says. "But if I see someone else jump...