Word: shore
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Dates: during 2000-2009
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...We’re focusing very intensively on where we can reduce the 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...
...Shore said that debt has allowed Harvard to expand its campus in “programmatically critical” ways in the past, and that Harvard must now “carefully” manage and service that debt. According to the University’s recent financial report, Harvard’s principal payments on debt are expected to increase sharply over the next few years...
...going to be a bigger player internationally. In time, this could be to the enormous advantage of the U.S., which has neither the will nor the wallet to tackle every crisis on its own, and would love the wholehearted partnership of an engaged, rich, democratic community on the eastern shore of the Atlantic. (See pictures of Tony Blair...
...Shore, Harvard’s CFO, also told The Globe that the GOA losses did not prevent the school from meeting its existing obligations, and that the University’s cash position was secured by new debt issued by the school this year. Nevertheless, Shore said in an interview posted by Harvard that the school has adjusted its investment strategies to emphasize short-term flexibility and cash needs and will continue pursuing such “rebalancing efforts” in the future...
This exchange, overheard this morning by the bridge across from Leverett House, pretty much sums up what is happening on the shore as teams from across the nation and outside U.S. compete at the Head of the Charles Regatta...