Word: smiths
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...Smith, a finance professor at New York University and a former Goldman Sachs partner, argues in Paper Fortunes, his new history of Wall Street, that decades of financial innovation that seemed like positive evolutions at the time have turned our markets into scary places. In part, Smith says Wall Street is fixing its problems by reining in pay and lowering leverage ratios. But he believes Washington and regulators still need to intervene to make financial markets safer...
...Faculty of Arts and Sciences has cut down its deficit to $80 million, which amounts to a $30 million decrease since FAS Dean Michael D. Smith announced in September that the University’s largest school had cut half of its projected deficit, according to a high-ranking FAS administrator...
...Smith said in a November interview with The Crimson that he would be releasing the most recent budget figure at today’s Faculty meeting, which marks the first gathering of the Faculty in the calendar year and the first meeting held in the budgeting process for the next academic year...
...open forum last September, Smith announced that FAS had closed half of its two-year $220 million budgetary gap, noting that the administration would aim to slash another $20 million from the deficit for the fiscal year ending in 2010. But the new figure suggests that the administration has exceeded its expectations...
...last academic year, Smith urged FAS departments and administrative units to cut their budgets by 15 percent. The Faculty also underwent a litany of budget-saving measures—such as a temporary freeze on faculty hires, a decrease in funding for food and office supplies, and growing reliance on the work of fewer staffers, after 531 accepted an early retirement package...