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Next year, SEAS will be facing the same 12 percent reduction in its endowment payout as other Harvard schools, an income loss that the school will offset by drawing from the financial reserves it built up in the years before the financial crisis.
One solution currently under discussion is the creation of an additional building between Pierce and Cruft Laboratory, a replacement for the sky bridge that currently links the buildings. The proposed building—which could have up to 12,000 square feet of floor space—could even be...
To those who deny that there are serious flaws with the current procedures for determining commission members, I ask that they seriously consider that the majority of important commission votes have ended up strictly along party lines—three-to-two or two-to-three. Most recently, the vote...
Today’s SEC is too political and a fiendish meritocracy. Underpaid and undereducated, the SEC staff and enforcement personnel must bring home the bacon to headquarters, or their jobs are on the line. (Was Shapiro’s deciding vote against Goldman intended to make up for her...
The above is not the case in today’s enforcement practices on Wall Street. Today, an SEC examiner comes to do an audit with a preconceived notion that there is something illegal happening. Then he or she finds something that isn’t illegal, forms the perception...