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...scale and pacing of our capital projects to match our new resources,” said Dan Shore, Harvard’s chief financial officer, in an interview last Friday. But he noted that even a “shrunken down” series of capital expenditures would remain sizable simply due to the University’s large size, and that as a result, “at some point during the next year or so we could be going to market again [for more debt...
Unsurprisingly, the album’s haphazardly culled lyrics often resemble an incongruous mishmash of words that aspire to poetry, but largely remain trite and poorly-culled from the original text. Even if one didn’t know the lyrics were patchworked from a novel, it’s easy to tell that the songs are at least somewhat internally disconnected, as each tune fails to tell a complete story and doesn’t quite form a lyrically unified whole...
...stimulus provided by monetary policy." Meanwhile, in other industrialized nations still suffering from high unemployment and yawning excess capacity, policymakers are in no hurry to tighten. In the U.S., the Federal Reserve has indicated that it won't act aggressively anytime soon on its key interest rate, which remains in a zero to 0.25% range. "It seems likely that the recovery will be less robust than desired," William Dudley, president of the Federal Reserve Bank of New York, said in an early October speech. "This means that the economy has significant excess slack and implies that we face meaningful downside...
...delayed Sudan policy. It proposes a series of "incentives and pressures" designed to encourage the government of Sudan to end the slaughter of civilians in Darfur and credibly implement the 2005 peace agreement between the Arab north and the animist and Christian south. While the exact carrots and sticks remain classified, advocacy groups have responded to the overall approach with cautious optimism. The Save Darfur Coalition released a statement saying it cautiously welcomes the new policy but that "its success will depend on implementation backed by sustained presidential leadership." (See pictures of Darfur descending into chaos...
...plainspoken first-time diplomat, Gration hasn't exactly been careful with his choice of language. Before a Senate Foreign Relations Committee in late July, Gration testified that sanctions on Sudan should be loosened, a statement he had to retract within days. Earlier, he asserted that only "remnants of genocide" remain in Darfur, provoking fury from Darfur advocacy groups and directly contradicting his boss's position: Obama has said three times since January there is currently a genocide in Darfur. (See pictures of solar cookers for Darfuri refugees...