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...Rather, they say, a confluence of unfortunate events decimated University budgets and forced Faust’s hand.“It would have been so imprudent and financially impossible to go ahead with this pace and scale,” said University Provost Steven E. Hyman in a recent interview with The Crimson.Whatever the origins of Harvard’s current predicament in Allston, it is clear that, at least for the foreseeable future, the visionary “blue sky” planning once preached during the Summers era has been replaced by a more measured, fiscally somber...
...participate in ROTC train at MIT. Unlike last year, when Faust criticized the military’s policy of “don’t ask, don’t tell”—which bars openly gay people from service and has been cited in recent years as the reason ROTC remains off campus—Faust did not comment on the controversial policy yesterday. But Whitt did touch on the current absence of ROTC on campus and the reasons behind it, recalling his 1959 Harvard ROTC class of 121 students. He encouraged both Harvard...
...brass was unconcerned.AIG had hired Gary B. Gorton—a financial economist at Yale—to use quantitative models to project the worst case scenario for the company’s balance sheet.Using historical data, the models predicted a rosy future not too-unlike the recent, prosperous past, giving AIG’s leadership confidence in entering uncharted markets.But by last September, one of AIG’s gambles had all but destroyed the institution—once the 18th largest public company in the world. To prevent an abrupt and potentially catastrophic collapse, AIG was forced...
Harvard University Health Services is suggesting that the Harvard community forgo “the traditional handshakes and embraces that accompany graduation ceremonies” in light of a recent uptick in the number of students presenting flu symptoms. Donna Campbell, a UHS nurse practitioner and infection control surveillance officer, said that while there have been no recently-confirmed H1N1—“swine flu”—cases at Harvard, “you make a presumptive diagnosis based on symptoms.” She said she could not give a precise number...
...address touched on the recent outbreak of H1N1 virus—a matter that her office must grapple with—noting that the disease was spreading from North America to the rest of the world and that HKS students’ expertise and insight are needed to combat this and other problems...