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...seems surprising, in an economic climate in which companies like General Motors are cutting workers by the thousands, that Harvard’s recent decision to lay off several janitors and cut the hours of others has evoked such a strong response from the Cambridge City Council. The Cambridge City Council responded to the news of these layoffs by condemning Harvard and MIT and requesting that they not lay off low-wage workers...

Author: By The Crimson Staff | Title: Lay Off Our Budget | 3/31/2009 | See Source »

According to the most recent figures, Harvard’s endowment fell by 22 percent this year, which is forcing it to make large cuts in its budget. In recent months, the university has instituted numerous measures to tighten its budget, including a hiring freeze and a slowdown of its construction projects in Allston. It is clear from cuts such as these that Harvard needs to decrease costs across the board. As an educational institution, Harvard’s first priority is to maintain its academic standards through the recession as much as possible. This means that some workers...

Author: By The Crimson Staff | Title: Lay Off Our Budget | 3/31/2009 | See Source »

Class Day speakers in recent years have run the gamut from policymakers, including Federal Reserve Chairman Ben Bernanke and former President Bill Clinton, to entertainers, such as Seth MacFarlane, the creator of hit television show "Family Guy," and comedians Al Franken '73 and Conan O'Brien...

Author: By Crimson News Staff, CRIMSON STAFF WRITER | Title: Matt Lauer Named Class Day Speaker | 3/31/2009 | See Source »

...recent weeks, Obama and his advisers have made clear that much of the rest of the world will have to step up to the plate, especially in 2010, if the economic downturn continues. "We don't want a situation in which some countries are making extraordinary efforts and other countries aren't, with the hope that somehow the countries that are making those important steps lift everybody up," Obama said last week, in a prime-time press conference. But so far, European leaders have resisted the call for more stimulus. German Chancellor Angela Merkel has said she does not want...

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

...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's top international economic advisers. In other words...

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

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