Harvard University's Interest Rate Bet Ends in Loss

Harvard University hedged that interest rates would rise. When they didn't, the financial team at Harvard had to pay US$500million to get out of US$1.1 billion in derivatives contracts.

Asking Harvard's Dean of Admissions Anything You'd Like

The New York Times has a great Question and Answer feature with Harvard University's Dean of Admissions William Fitzsimmons/

I think they will run his answers on Wednesday. I will post some of the questions and answers here, to give you some idea of what someone in his position thinks about his role and the direction education is heading in the United States.