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...rate swap agreements that had been used to hedge risk from the variable debt.According to the University’s annual financial report issued in October, “the interest rate exchange rate agreements were not entered into for trading or speculative purposes,” but were rather used to convert variable-rate borrowings to a fixed rate. The Forbes and Bloomberg stories stated that the interest rate swaps dated back to former University President Lawrence H. Summers’ tenure, when Harvard began considering its ambitious Allston campus expansion. With interest rates favorably low and little inflation...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Harvard Debt Sales Draw Mixed Reactions | 3/31/2009 | See Source »

...director of the Harvard AIDS Prevention Research Project and senior research scientist at the Harvard School of Public Health, drew attention last week when he agreed with Pope Benedict XVI’s statement that the answer to the African AIDS crisis lies in the promotion of faithful partnerships rather than increasing the availability of condoms. “I knew that if I agreed with anything the Pope said it would cause a fire-storm,” said Green. “I took the opportunity to cause an uproar and focus on the evidence...

Author: By Emma M. Benintende, CONTRIBUTING WRITER | Title: HSPH Prof. Arouses Condom Controversy | 3/31/2009 | See Source »

...Rather than attack the slugger or even pitch him carefully, the Quakers opt to hand Rogers a free pass—a dangerous move considering Rogers went 12-for-12 in steal attempts last season...

Author: By Jay M. Cohen, CRIMSON STAFF WRITER | Title: Rogers, Douglas Ignite Crimson | 3/31/2009 | See Source »

...Rather than confront this conflict head-on, both the Obama Administration and European leaders have agreed to effectively dodge the issue for now by adopting language, in a draft communiqué, that pledges all nations to take "whatever action is necessary until growth is restored." At the same time, White House aides have been arguing in recent weeks that the glass is half full, and that the real test will come only if a second round of stimulus efforts is needed. "There's been an unprecedented coming together around stimulating the global economy," says Michael Froman, one of Obama...

Author: /time Magazine | Title: Obama in Europe: Facing Four Big Challenges | 3/31/2009 | See Source »

...Afghanistan and Pakistan is sweeping and resource-intensive, and it cannot be accomplished by the U.S. alone. "As America does more, we will ask others to join us in doing their part," Obama announced last week. "From our partners and NATO allies, we will seek not simply troops but rather clearly defined capabilities: supporting the Afghan elections, training Afghan security forces, a greater civilian commitment to the Afghan people...

Author: /time Magazine | Title: Obama in Europe: Facing Four Big Challenges | 3/31/2009 | See Source »

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