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Meanwhile, Schapiro has been trying to get a word in edgewise about her plan to fix the SEC. The initial actions were heard Friday in a speech at the Practising Law Institute in Washington. In what Schapiro calls her first two significant moves as chief, she is abolishing the agency's two-year-old failed "penalty pilot" experiment and dismantling a burdensome full-commission "pre-approval" process, which often delayed enforcement efforts "for weeks," she said. The announcements brought applause from the lawyers in attendance...
Lonely hearts, you're not the only ones getting no love this Valentine's Day. The economy will likely be joining you down in the dumps. According to a recent study from the National Retail Federation, consumers plan to spend, on average, $102.50 on Valentine's Day gifts this year, down from $122.98 in 2008. That's a 17% drop. Overall, the study projects that Valentine's Day spending will fall 14%, to $14.7 billion, compared with last year. "People are trading down," says George Van Horn, an industry analyst at IBIS World, a research firm that also is predicting...
After the Faculty broke into laughter, Faust confirmed that the University is considering such a plan. According to Faust, Judith D. Singer, the provost for faculty development and diversity, has been discussing the possibility of implementing a faculty retirement plan with the deans of Harvard’s schools...
...yesterday’s faculty meeting when the plan was presented, Faust emphasized that University officials must maintain a continued commitment to Harvard’s academic programs despite growing financial concerns...
...University announced its early retirement plan Tuesday as a way for eligible staffers—those over 55 years of age who have worked at the University for at least 10 years as of this June 30—to voluntarily choose early retirement, relieving pressure on the University’s dwindling resources. Harvard officials said yesterday that each incentive package would likely consist of a lump-sum payment...