Ms. Krueger Goes to Washington
Economics professor Anne Krueger was tapped June 8 to be first deputy managing director of the International Monetary Fund. The new No. 2 will be the first woman in management at the IMF, which aims to promote global economic stability. A former president of the American Economic Association, Krueger was vice president of the World Bank in the 1980s and has written several books on international trade. She isn’t the only economics professor headed for Washington: colleagues John Taylor and Mark McClellan recently accepted posts in the Bush administration—Taylor, PhD ’73, as undersecretary of the treasury for international affairs and McClellan as a member of the president’s Council of Economic Advisers.
For Employees, Help with the Kids
The University will launch a $1.7 million child-care assistance program, believed to be the largest such initiative in the country. Administrators expect government regulators to approve the plan, which will take effect in January. Each eligible employee will receive $1,000 to $5,000 in tax-free reimbursements, depending on family income. Lucia Savage, a human resources compliance specialist, estimates that three-fourths of the 1,600 employees with children younger than 6 will receive funding.
Reaffirming the Commitment to Need-Based Aid
The presidents of 28 private colleges and universities, including Stanford, Columbia and MIT, adopted a new set of financial aid principles in July. The group reaffirmed its commitment to grant assistance based on need, not merit, agreed to use common evaluation guidelines, and proposed taking into account the cost of living in expensive cities and limiting consideration of home equity. But don’t expect Stanford awards to suddenly increase. The University has “pretty much adhered to the principles in the past,” director of student awards Cynthia Hartley told Stanford Report.
Search for Missing Senior Ends with Sorrow
A three-week search for senior Christina “Minna” Sandmeyer ended in sorrow August 3 when a bird-watcher found her body hanging from a tree in Foothills Park, near Palo Alto. Police considered the death a suicide. An avid cyclist and hiker, Sandmeyer, 22, set off from Los Altos on her bicycle July 13, leaving a note that she was going “oceanwards” and would return by the next day. The civil engineering major from Chicago was a member of the Chamber Chorale and the Redwood Action Team and was scheduled to be the resident assistant at Chi Theta Chi this fall. A campus memorial was held August 8, and friends plan to work together on a project that will exemplify Sandmeyer’s beliefs in environmentalism and social justice.
