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...China, you don't have the real estate equivalent of "dine and dash": people don't abandon houses the minute they think the price level is lower than what they paid, leaving it to the mortgage company or the banks to sort out. There's no sub-prime, zero-percent-down U.S.-style debacle here...

Author: /time Magazine | Title: China's Own Version of the Real Estate Bust | 3/15/2009 | See Source »

...might get Quadded. Along with 25 percent of your class. It's okay though—your river friends weren't that interesting anyway, right? Read after the jump for a detailed look of life just a shuttle ride away from, well, life...

Author: By June Q. Wu | Title: The Housing Crisis: Pforzheimer House | 3/14/2009 | See Source »

...others have been informed that their hours will be reduced, according to a union organizer. OneSource and UNICCO—subcontracted companies that clean properties administered by HRES—had been asked by Harvard earlier this year to cut contract costs in response to a predicted 30 percent decline in the University’s endowment. Two weeks ago, HRES told OneSource more specifically that it must cut 40 percent of its costs by March 16, according to Daniel B. Becker, an organizer for Service Employees International Union Local 615, which represents custodial workers at Harvard. Manny Costa...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Janitors Face Job Losses | 3/13/2009 | See Source »

...funding for any of its programs. Brandt said, however, that GSAS administrators have made modest modifications to the school’s administrative budget upon the request of Michael D. Smith, the dean of the Faculty of Arts and Sciences. Smith has asked all departments for 10 to 15 percent budget cuts in order to meet the more than $100 million shortfall across FAS in the next fiscal year. “This is an exercise that Dean Smith is asking all administrative units in FAS to participate in,” Brandt said. “The character...

Author: By Marianna N Tishchenko, CRIMSON STAFF WRITER | Title: GSAS Will Not Cut Program Funding | 3/12/2009 | See Source »

...street is that [being a proctor] is rewarding work and people have a chance to make a difference,” Dingman said. Dingman said that the FDO has been working to cut programs and costs that will not directly affect students. The FDO has already cut 5 percent of its costs this year, reducing the number publications it prints and sending out letters to parents online rather than by mail. To meet the College’s mandatory 15 percent cut on all office budgets, the FDO also plans to make cuts to internal office staff appreciation programs, equipment...

Author: By Jillian K. Kushner, CRIMSON STAFF WRITER | Title: Proctors’ Meal Plans May Be Restricted | 3/12/2009 | See Source »

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