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Unlike Yale's estimate, Harvard's 22 percent figure does not include potential losses for November or the first half of December, when Yale officials estimate their endowment experienced about half of its decline. At the beginning of December, Harvard officials projected a 30 percent drop for the fiscal year...
Yale will postpone all new construction projects, curb salary growth, and limit new hiring by requiring approval for new positions from its provost's office, according to the letter. In addition, Levin wrote that the university's budgets would be cut by 5 percent this year and the year after...
...Flores and McLeod received nearly 41 percent of first-place votes, with 1,493, compared to slightly over 39 per cent and 1,427 votes for rivals Benjamin P. Schwartz ’10 and Alneada D. Biggers ’10. After votes were redistributed according to the Hare-Clark voting system, in which students cast single transferable votes, the Flores ticket had 1,791 votes compared to 1,634 for Schwartz...
...Since the freeze, the number of open FAS staff positions has dropped precipitously from over 100 at the time of the announcement to 32, according to a University database for job posts. In light of the gravity of the financial downturn—which recently caused an unprecedented 22 percent drop in Harvard’s endowment—many staffers said they have largely accepted news of the hiring halt. But some are unconvinced that the freeze was the best solution. Holt said the “knee-jerk” response of the hiring freeze could have been...
...Boston Food Bank. Flier added in the invitation that he intends to leave a box outside his office until Friday for collection purposes.Charged with planning a frugal gathering for 500 expected attendees, Margaret Solon, director of administration, said that she slashed the holiday party budget by a brutal 75 percent.“It used to be quite elegant,” Solon paused, reminiscing about the “really lovely hors d’oeuvres” and “fancy deserts” from last year.“But people can come together over coffee...