Harvard isn’t belt-tightening everywhere. Since 2007, its investment in financial aid to undergraduates has risen by more than 78%, which Harvard said is “significantly outpacing increases in tuition.” Undergraduate tuition for the 2012-13 year climbed 3.5% to $54,496.
As it looks to economize, Harvard has turned some of its attention toward the more than $160 million it spends each year on its nearly 375 year-old library system, which holds 17 million volumes, and includes 73 separate libraries. Widener, the flagship library, alone has 57 miles of shelving.
Harvard is also changing its philosophy on owning books. The goal: Provide access to them rather than collecting each one, which can lead to costs for storage and preservation, a 2009 Harvard task-force report said. The library will extend partnerships to borrow from other libraries, and further digitize its own collection so it can share with others.
The university is finding it “increasingly painful” to manage academic-journal subscriptions, which annually cost it about $3.75 million, Harvard Provost Alan Garber said.
In a move watched throughout academia, Harvard in April urged its faculty members to publish in open-access journals. “Move the prestige to open access,” a memo said.
Keep reading: Wall Street Journal – Economy Tests Harvard
Continue reading The recession hits Harvard…with interesting changes – more money to undergrads, less to books
A robin’s-egg-blue box never fails to elicit delight – the kind of unparalleled magic Tiffany & Co. has carefully created during the last 175 years. While the company has become synonymous with covetable jewels and memorable moments (who could forget Audrey Hepburn’s morning gnosh in front of the Fifth Avenue flagship in Breakfast at Tiffany’s?), its commitment to constant innovation is equally remarkable.
From Tiffany’s 1880s revamp of the Great Seal of the United States that’s printed on every dollar bill today, to tapping some of the world’s most renowned designers, to creating a new metal (the blue-hued Rubedo unveiled this year), Tiffany’s brand of elegance always seems perfectly suited to the times – with a little extra sparkle, of course.
So what’s next for the legendary jeweler? First, a celebration in the form of a magnificent new setting for the Tiffany Diamond, one of the largest and finest fancy yellow diamonds in the world. And in August, the design house will grace us with Enchant, the latest jewelry collection, inspired by the natural world. Here’s to another 175 years and many, many more blue boxes.
Source: Riviera Magazine – Rock On! Tiffany & Co. celebrates 175 years of legendary design
Continue reading Tiffany & Co. celebrates 175 year anniversary with a new jeweler’s metal – Rubedo