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...that a Harvard graduate education remains accessible to talented students regardless of where they live,” Harvard’s Chief Financial Officer Daniel S. Shore said in a statement yesterday. Citing the historically higher probability of default by international students compared to American students, a Citibank spokesman said at the time that the frozen credit markets caused lenders to shy away from issuing high risk loans. HUECU president Eugene J. Foley acknowledged that the credit union will likely see higher default rates on international student loans. But because the credit union—unlike commercial banks?...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: HUECU To Offer Student Loans | 4/16/2009 | See Source »

...Publicly, the Obama Administration made the standard disapproving noises. "A serious step in the wrong direction," said White House spokesman Robert Gibbs. But in truth, North Korea's latest gambit could not have been altogether surprising to anyone in Washington - least of all to the State Department diplomats who have been dealing with the Democratic People's Republic of Korea (DPRK) for the past decade. They know that even in Pyongyang, North Korean officials have access to the Internet. If they cared to, they could have read yesterday's New York Times, which reported that the Obama Administration is considering...

Author: /time Magazine | Title: Why the U.S. Should Talk to North Korea | 4/15/2009 | See Source »

...Farina. Perhaps. But Lugo's behavior leading up to his admission on Monday was reminiscent of former U.S. President Bill Clinton before he conceded his affair with Monica Lewinsky in 1998. Lugo kept even his closest aides in the dark about the truth. As late as last weekend, presidential spokesman Emilio Camacho was telling reporters that Carrillo's paternity claims "must be false." Sources close to Carrillo suggest the suit might never have been filed if Lugo had assumed a more appropriate level of child support in the past...

Author: /time Magazine | Title: Can Paraguay's President Survive a Scandal? | 4/15/2009 | See Source »

...which has pushed the projected payout rate for next year to over 6 percent—the highest the University has seen in over two decades. With payments already projected to overshoot the desired five-percent mark, additional strategic spending will only push spending farther from the target. University spokesman John D. Longbrake wrote in an e-mailed statement that the decision to maintain the strategic payout program was made “in recognition of the importance of making continuing progress in directing resources to shared University priorities.” Financial aid at the College, for example...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERSS | Title: Harvard To Keep Payout Program | 4/14/2009 | See Source »

...finances before an unprecedented group of stakeholders. In lieu of the regular Faculty meeting that had been scheduled for today, Smith will discuss the budgetary challenges facing the Faculty before opening the floor for questions from professors, staff, and selected student leaders gathered in Sanders Theatre, according to FAS spokesman Robert P. Mitchell. The town hall meeting comes one day after the conclusion of an early retirement incentive program offered to FAS staff workers—a milestone in the budgeting process that will provide information necessary to evaluate spending for next year. Staffers who accepted the package during...

Author: By Bonnie J. Kavoussi and Esther I. Yi, CRIMSON STAFF WRITERSS | Title: Smith To Host Town Hall on FAS Finances | 4/14/2009 | See Source »

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