After the recent report that Goldman Sachs CEO Lloyd C. Blankfein '75 was copied on an e-mail suggesting Goldman knew that Harvard would lose in a $500 million credit default swap, his loyalty to Harvard may have come into question. But it is worth noting that Blankfein has donated millions to Harvard, creating a scholarship fund for lower-income students and endowing a professorship in the Department of History.
Princeton Economics Professor and Nobel Laureate Paul R. Krugman compared the Obama administration’s fiscal policies to the government’s policies during the Great Depression in a speech at MIT on Friday, predicting a prolonged recession with high unemployment for years to come.
The Boston Globe has named Harvard Law School Professor Elizabeth Warren its 2009 Bostonian of the Year for bringing “a sense of sanity to the economic crisis” as the official overseer of the U.S. bank bailout program.
<p>The quick and dirty about what's been going on around the Ancient Eight (and some other schools too).</p><p>A Yale sophomore died last Sunday. Andre Narcisse '12—an Exeter graduate and aspiring Economics concentrator of Haitian descent—dreamed of someday becoming a Wall Street executive. Yale police officials do not suspect foul play. Yale College Dean Mary Miller told the Yale Daily News that it would be premature and inappropriate to speculate, but added she is hoping to address concerns about alcohol and drug use on campus.</p><p>A freshman at Princeton is suing the university during midterm season, after her request to receive extended time on exams because of her learning disabilities was denied. She argued that poor midterm exam grades freshman fall would cause her “irreparable harm.” FlyBy sympathizes but thinks she should chill out.</p><p>More after the jump.
For all the optimism surrounding Faculty of Arts and Sciences Dean Michael D. Smith’s recent announcement about a windfall surplus in the school’s budget, some professors at yesterday’s Faculty meeting questioned the school’s health in light of the cutbacks that have occurred.
In a move that clarified why administrators have tamed fiscal messages of late after months of stressing the Faculty of Arts and Sciences’ impending financial deficit, FAS Dean Michael D. Smith delivered the news Friday that the school had posted a $58.6 million surplus in its unrestricted funds for the fiscal year that ended June 2009.