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Faculty of Arts and Sciences Dean Michael D. Smith delivered a notably optimistic financial outlook for FAS yesterday, though the University’s largest school faced a projected $110 million annual deficit as of Sept...
Last week, Faculty of Arts Dean Michael D. Smith announced he would lift the salary freezes placed on faculty and staff last winter by providing two percent merit-based raises to professors and increasing stipends for graduate students by three percent. The Harvard community has not been given a brief on the state of the budget since Sept. 15, so we are unsure of whether the announcement is a sign of budget security or an exception to the FAS policy of late that dictates trimming spending wherever possible. Regardless, Dean Smith’s spending decisions are misdirected. Given...
...Obviously, this is not a positive for Pandit," says Michael Holland, a money manager and the former chairman of Salomon Brothers Asset Management, which was acquired by Citigroup. "Being big everywhere is the business model he has chosen. That means when there are losses anywhere you are going to get hit." Things were booming there back in 2008 when Citi sent Verme to the gulf state - from 2004 through 2008 Citi's revenues from the region grew at a 30% average annual rate. He had run the bank's Latin American operations before being promoted to co-head of investment...
...next few weeks and then lowered it back to $78 last Saturday. Best Buy has insisted that it will match its competitors' prices, so with Walmart acting so aggressively, the consumer will always win. "Walmart doesn't care if it makes a lot of money on electronics," says Michael Pachter, an analyst at Wedbush Morgan Securities. "They'll make margins on other stuff in the store." (See the top 10 toy crazes...
...devastating impact on Gaza’s schools should be of special concern to an institution dedicated to education such as Harvard. Instead, on November 23 Harvard extended an invitation to Michael B. Oren—the Israeli ambassador to the United States—to speak at the Kennedy School. Fittingly, he was rejected by students who attended the event. Oren is a former officer and paratrooper who served as an Israeli army spokesperson during the unwarranted and illegal attacks on Lebanon in 2006 and Gaza...