Word: percents
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...Since budgets are still uncertain, most Masters remained hopeful that changes to House life would be minimal and said they would oppose implementing a 25-percent budget cut if that were to become a formal mandate. Losing a quarter of House funds would “drastically affect daily life in practice,” Pertile says...
...College Benedict H. Gross ’71 made developing General Education, increasing student social space and improving student advising his priorities.In spring 2007, the Undergraduate Council reignited the discussion, calling for a student referendum on support for the calendar revision. Of the 3,467 students who voted, 84 percent responded in favor of the change.At the end of that academic year, Bok announced that the Harvard Corporation—the University’s highest governing body—had approved a calendar modeled on the Verba committee’s initial suggested schedule.But in August 2007, just months...
...amount of debt financing is typical for construction projects, the University’s obligations for this particular project are considered to be extremely high—though Harvard’s large endowment and high returns have traditionally allowed it to borrow heavily.“One hundred percent debt financing is very aggressive both on the part of the developer and the lender,” says Victor Calanog, director of research at Reis, Inc., a commercial real estate research firm. “It basically assumes that your capacity to pay won’t be encumbered...
...quantitative modeling concepts that has come under heaviest fire is Value at Risk, which, unlike Black-Scholes, was born of the demands of the trading floor.VaR projects the maximum loss a company will suffer in a given day assuming typical market conditions, such as 95 or 99 percent of the time. Senior management can then control the risks assumed by the firm by directing traders to increase or decrease the VaR, depending on the company’s appetite for risk.But VaR modeling does not describe events that occur the other 1 percent of the time. In the New York...
...present, data from the College’s Student Employment Office indicates that between 65 and 80 percent of students received at least one paycheck from the University or an off-campus work-study job last year...