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Smith has based many of his projections on an estimate by Moody’s financial ratings agency that says college and university endowments may suffer a 30 percent decline during the current fiscal year...
Planning for a 30 percent reduction in the endowment would be “impossible without the hiring freeze,” said mathematics professor Wilfried Schmid...
...time when 80 percent of Americans believe the nation is suffering from a “leadership crisis,” the Harvard Kennedy School’s Center for Public Leadership has selected 24 individuals for its fourth annual profile of “America’s Best Leaders.” The leaders include prominent philanthropists, doctors, professors and CEOs. The list was published in this week’s issue of “U.S. News and World Report.” The selected honorees were chosen in a two-step process. First, a research group...
...oceanography professor and climatologist James J. McCarthy, who served on the Intergovernmental Panel on Climate Change, and Director of Building Infrastructure and Operations Jay M. Phillips, who heads the FAS emissions reduction program. Phillips provided information on FAS’ efforts to reduce its greenhouse gas emissions by 30 percent below 2006 levels by 2016, a Harvard-wide target adopted by University President Drew G. Faust this July. Currently, FAS emits 94,000 tons of carbon dioxide per year, according to Phillips. Accounting for future growth, the 30 percent target means that the FAS will have to mitigate...
...construction projects for 90 days, starting Nov. 3, and instituted a hiring pause through March 31 of next year. Finally, Cornell has begun a six-week review of operational effectiveness, financial policies and procedures. DARTMOUTH COLLEGE Dartmouth’s provost has released statements outlining spending reductions of 10 percent, or $40 million, over the next two fiscal years, in addition to a hiring freeze. For this fiscal year, Dartmouth is seeking to reduce spending by 5 percent. Some construction has been delayed or deferred, and all new capital plans are being reviewed...