Word: stepping
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Harvard’s Executive Vice President Edward C. Forst ’82—tasked with overseeing University finances amid an unprecedented economic downturn—will step down after less than one year on the job, University officials announced Tuesday afternoon...
Economics Professor Martin S. Feldstein ’61 will step down after 22 years on the board of directors at American International Group, an embattled international insurance company that has received billions in government bailout funding...
Feldstein’s exit comes as the last in a series of departures of veteran directors at AIG. The company’s recently-appointed Chairman and CEO Edward M. Liddy and long-time directors Stephen F. Bollenbach and James F. Orr have all announced that they will step down...
...Stepping into the vacuum created by the government's faltering response to the crisis was a natural step for the Tarakais, says Liaqat Tarakai, the acting head of the family. "We have been doing charity work for a long time," he says. Every night during the Muslim month of Ramadan, the vast kitchens located on the edge of the sprawling Tarakai estate feed some 50,000 people from this region. When the recent military offensive began, the Tarakais' operation started to cook food and take it to the people from Buner staying with communities in Swabi that were hosting...
...crisis could get worse if crucial steps are not taken now. Despite what has become a public outpouring of support for the refugees, with civil-society groups, aid agencies and the local media leading a high-profile campaign to marshal resources, funds are running perilously low. Last Friday, the UNHCR raised the dollar figure required to over $500 million. Of that amount, only $88 million is in its sights. The remainder, the UNHCR says, is needed urgently "to help the most vulnerable and worst-affected people through the end of 2009." For its part, Washington has pledged $110 million...