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...symbolism in her example. “When each of us has discretion to decide which of 30 different shades of Crimson to put on our business cards, we’ve carried things too far.” Harvard’s endowment investments fell 27.3 percent in the fiscal year ending June 30, bringing its total value down to $26 billion—an $11 billion drop. Faust reminded audience members that payout from the endowment will decline by 8 percent in dollar value for at least this year and the next. Harvard’s other...
Roughly 56 percent of businesses surveyed believe they would not encounter severe operational problems if 30 percent of their workforce were absent for two weeks, according to the survey conducted by the Harvard Opinion Research Program at HSPH. But when faced with losing half of their workforce for two weeks, only one-third of businesses reported feeling prepared...
Although 75 percent of American businesses offer paid sick leave for employees, a significantly smaller percentage of businesses provide employees paid leave to take care of sick family members or children when schools or daycares close, according to SteelFisher...
...believe it or not, FlyBy doesn't mean that in a snobbish way. The fact is, California's state schools may be in a heap of trouble. The state legislature approved a whopping 20 percent cut in funding for the 10 schools in the University of California system—shaving $637.1 million from a $3.23 billion budget, which now stands at $2.6 billion. The legislature has also proposed a 32 percent increase in student tuition by fall 2010. In response, students, faculty, and staff protested the cuts yesterday. Imagine choosing Berkeley or UCLA over Harvard or Yale because...
...from the Cambridge side. The Harvard Corporation—the University's main governing body—does not have to plan for a balanced budget every year, as a state legislature does. So, it has cut funding for the Faculty of Arts and Sciences this year by 8 percent and will cut at least another 8 percent the following year, though FAS Dean Michael D. Smith is expecting 12 percent. If Dean Smith is right, that amounts to a 19 percent cut spread out over two years—not much better than the UC system's 20 percent...