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Harvard’s commitment to the Food Bank comes just before the University launches its Public Service Week, which begins today and recognizes and promotes public service activities and careers. According to the University??s press release, roughly 7,000 Harvard students contributed more than 900,000 hours of service in and around Boston...
...Harvard was not the only elite institution to fall victim to the forgery. According to the RIA release, fake diplomas for the Plekhanov Russian Academy of Economics—a prestigious Moscow-based public research university??have also been discovered, selling at a rate of 300,000 rubles...
Harvard’s decision to use derivative investments to lock in low interest rates on the school’s mounting debt cost the University $500 million this past year and will cost it at least $425 million more over the next few decades, according to the University??s annual financial report released Friday...
Friday’s report, which follows Harvard’s announcement last month that its endowment had shrunk by 30 percent this past year, also reveals billions of dollars in losses sustained through the University??s investments of cash designated for short-term expenses...
Harvard has traditionally pooled cash from the University??s various schools in a General Operating Account that is invested alongside the endowment—a practice that the report said “generated significant positive investment results” in the past. But this year, that strategy backfired, dragging the value of the GOA down from $6.6 billion last year to $3.7 billion this year. Part of that decline reflects the payments made to terminate interest rate swap agreements...