Word: annualized
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...measures, and it asked the community for ideas. It produced an extensive set of suggestions, and the academic deans of FAS approved those that made better use of our limited resources within the context of our core mission. The approved list equates to a $77 million reduction in our annual operating budget but represents only 35 percent of the $220 million deficit that FAS will face in two short years (based on what we know today...
...history of the annual Eleganza fashion show exemplifies the moral waffling many student groups demonstrate. According to a 2009 executive producer, Eleganza failed to actually donate to charity for several years, despite fundraising promises to give 100 percent of proceeds to The Center for Teen Empowerment. A 2009 executive producer acknowledged past lapses with the explanation, “We’re a student organization…we have a budget the same size as Yardfest but without any support from Harvard.” Such excuses over mismanagement are inadequate; Harvard event organizers unable to manage basic business...
...cramped Chinese shophouse and muttered darkly about his tight-fisted boss while sweating in a crowded bus to meet his customers. By contrast Ng sits in Con-Lash's spacious, modern offices on the western edge of Singapore where he presides over a 40-person firm with an annual turnover of roughly $17 million. Apart from the toy models of various clipper ships nearby, his office could belong to a stockbroker or management consultant. Gone are the days when he scrambled aboard ships to haggle over the price of eggs or beer. "I can't remember the last time...
Amid an extraordinary collection of honorees at our annual TIME 100 gala that included social entrepreneurs and activists, First Lady Michelle Obama announced that as part of the new Serve America Act, the White House is creating the Social Innovation Fund to help nonprofits and individuals who are working on creative solutions to the nation's most difficult challenges. TIME supported the creation and passage of the Serve America Act, and Mrs. Obama's speech--she is, by the way, a TIME 100 honoree--was a fitting capstone to both the evening and the movement for national service. She cited...
...effects of the recession have not only affected Tuesday Magazine’s ability to gather advertisement sales, but also their ability to create an on-campus presence. The magazine has struggled to get sponsorships for their promotional events, such as Outwit—an annual freestyle competition, says Xu, who is also an active member of The Crimson’s Arts board...