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While Harvard has acknowledged in recent months that its aggressive investment strategies may have constrained the University’s cash flexibility, it has defended the long-term viability of its approach. Harvard Treasurer James F. Rothenberg noted in an interview with the Harvard Gazette last month that the University’s investment strategies generated an average annual return of 8.9 percent over the past 10 years, including last year’s financial crisis—far exceeding the annualized 1.5 percent return that would have been generated by a “plain vanilla” portfolio...
CORRECTION: In the November 24th editorial "Undergraduate Circus," The Crimson Staff called on the Undergraduate Council to impeach UC Vice President Kia J. McLeod '10. However, "recall" is the official UC term for the procedure that the staff intended to endorse. The Crimson regrets the error...
Calling the 2000s "the worst" may seem an overwrought label in a decade in which we fought no major wars, in historical terms. It is a sadly appropriate term for the families of the thousands of 9/11 victims and soldiers and others killed in Iraq and Afghanistan. But the lack of a large-scale armed conflict makes these past 10 years stand out that much more. This decade was as awful as any peacetime decade in the nation's entire history. Between the West's ongoing struggle against radical Islam and our recent near-death economic experience - trends that have...
...Despite their concerns about recent developments in the relationship, many in India are confident in their country's long-term ties with the U.S. More than 3 million people of Indian origin now live in the U.S., while Indians comprise the biggest pool of foreign students in American universities, and wealthy Indian professionals are creating an increasingly effective India lobby in Washington. "India may not be the top priority now," says Raman, "but there's no reason why it won't be in the future...
...Khamenei, meanwhile, is said to reject improving relations with the United States as anathema to essence of the Islamic Revolution. At the same time, analysts say he was initially more open to a compromise on a short-term deal...