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...right thing for Harvard is to maximize the return on the endowment using its attributes—there is no reason why we should outsource a triple-A balance sheet,” says El-Erian. “And we have the best operations in place, the best risk management in place, the best technology in place. It’s just waiting for the portfolio managers to come...

Author: By Cyrus M. Mossavar-rahmani, CRIMSON STAFF WRITER | Title: El-Erian Works To Remake HMC | 4/20/2006 | See Source »

...earlier this week, "Some have said that China takes a rather mercantilist approach to these situations. We've got to have a better dialogue with the Chinese about what their international responsibilities are in situations like this. They can't just see it from a dollar-balance sheet point of view...

Author: /time Magazine | Title: Can the President Win China's Support on Iran? | 4/20/2006 | See Source »

...interjected, “May I inquire if a quorum is present?”The rules of Faculty procedure say that one-sixth of the Faculty—about 120—must be in attendance for a binding vote to be held.Minutes later, an aide handed a sheet of paper—possibly attendance figures—to Secretary of the Faculty David B. Fithian. Two members of the docket committee that manages legislation hurried out of the meeting room.Fithian did not respond to an e-mail last night seeking attendance figures. But Summers said during the meeting...

Author: By Evan H. Jacobs and Anton S. Troianovski, CRIMSON STAFF WRITERSS | Title: Faculty Delays Field Choice | 4/19/2006 | See Source »

...pastors a chapel in Houston, recently raised $4.3 million for a new building and says, "I can assure you that cooperators and supernumeraries have given at the $100,000 level." That largesse, credited officially to the Galveston-Houston archdiocese, would not show up even on Allen's scrupulous balance sheet. Nor would similar Opus-generated funds...

Author: /time Magazine | Title: The Ways of Opus Dei | 4/16/2006 | See Source »

...third-season premiere last week, building up to the broadcast with a drumroll of conspicuous consumption: four two-hour blocks of episodes drawn from the show's previous seasons. To witness such unself-conscious acquisitiveness in one sitting is like eating an entire normal-kid birthday-party sheet cake, wax decorative candles and all. There's the same queasy sense of monochromatic excess because all the shows are alike, from the fake panic that the party may not happen to the scary-sexy dry humping on the dance floor. And no matter what the nominal theme of the party--California...

Author: /time Magazine | Title: Sweet 16 and Spoiled Rotten | 4/16/2006 | See Source »

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