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...world financial crisis has made such change a necessity, says Bjorn Skogno, a senior official in the Norwegian Foreign Ministry, who is a board member of the Millennium Foundation, the entity set up by UNITAID to collect and distribute the private donations. Overseas development aid "is likely to go down because of the crisis, so there's a need to be innovative to find new sources of funds," Skogno says...
...president Randall Morrow sent a letter to Merrill's general counsel saying that it was the bank's understanding that the bonuses had been reduced to $3.57 billion. What's more, a former senior Merrill Lynch executive told TIME.com, before the bonuses were actually distributed in late-December a member of Bank of America's human-relations department "went over, line by line" the bonuses that were to be paid to each Merrill Lynch executive...
...told the Times. It is unclear whether Caspersen’s name was mentioned in this list. According to the Times’ source, federal authorities have placed liens on the personal trusts of Caspersen’s four sons, all of whom also attended the Law School. A member of the Law School’s class of 1966, Caspersen was a prominent player in the New Jersey Republican Party and the former CEO of Beneficial Corp, a major consumer lending company. His contributions to Harvard include chairing a record-breaking Law School capital campaign that raised $476 million...
...looking to have the FBI and NASA soon. Mount says that Harvard is a “target School for the CIA, FBI, and State Department because of its in-depth language programs and strong writing programs.” Renee M. Ragin ’10, a member of the non-profit “Partnership for Public Service,” a D.C.-based organization that aims to educate students about ways they can get involved in public service, also said that she had detected an increased interest in the public sector in the last year. With fewer...
Harvard and four other of the nation’s most prominent research universities are collaborating to make a major push for open access to scholarly research. The five-member compact on open-access publication, signed on Tuesday by Harvard, Dartmouth, Cornell, MIT, and the University of California at Berkeley, marks a growing consensus on the need for a fairer system of online scholarship. The agreement on open-access publication makes current scholarly research available for all readers online at no cost. Though the new open-access model of online publication eliminates traditional subscription and processing fees, it maintains essential...