Word: settlements
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Dates: during 1980-1989
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Business returned to normal this week at two Mt. Auburn St. restaurants where picketing and a lock-out last Thursday ended in a settlement a day or two after the unrest began...
While it appears that lobbyists may ultimately extricate colleges from the bulk of the tax-reform bill, both it and the research settlement will prove quite costly to Harvard in the long run. Tax-free bonds have been an extremely inexpensive form of paying for major construction projects, and as part of the research settlement, the University will have to spend money to design and maintain better accounting systems for research grants...
...settlement with HHS rested largely on two government audits of Harvard in the late 1970's, which revealed numerous improprieties such as research costs charged to the wrong grant, and professors arbitrarily shifting staff and funds among several projects. These practices apparently were common at all research institutions before HHS's crackdown began in 1977; and throughout the two years of negotiations. Harvard's Financial Vice President Thomas O'Brien has said academic research requires more flexible accounting than federal auditors realize...
While Harvard has been a victim of its ownlack laster unfunting the University really only followed the norms of research at all Universities. Federal official say that last week's $4.6 million settlement is not our of line with recent ones at other colleges, and that more schools haven't been forced to pay back funds only because the government lacks the staff to police all of them thoroughly...
...after a negotiating session last night, a representative of the workers predicted a settlement this morning, although pickets will be standing by if talks become stalled again...