Word: annualized
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...little tougher next year, according to many residents. Quadlings cited concerns about safety and an anticipated decline in the quality of residential life due to budget cuts announced on Monday by the Faculty of Arts and Sciences. The reductions are geared towards helping FAS close a $220 million annual deficit. In particular, the plan to terminate shuttle service to the Quad next year at 1:30 a.m. from Sunday to Wednesday—when it has previously ended at 3:45—sparked anger among Quad students. Many said that this cut, along with the end of service...
...Widener Library Café and the Quad’s Penthouse Coffee Bar in the coming months, although both spaces will remain open for student and staff use. The moves are among $77 million in cuts geared towards helping the Faculty of Arts and Sciences close a $220 million annual budget deficit. Beth S. Brainard, a spokeswoman for Harvard College Library, said that while she could not discuss the specific “big-time dollar amounts” saved by the Widener Café’s closing, she said that “it is a substantial...
...million in cost-cutting measures announced on Monday represents only a third of the total $220 million annual deficit that FAS administrators hope to close by July 2011. FAS will embark on its next stage of reductions—dubbed “reshaping” by FAS Dean Michael D. Smith—in the coming months to make up the remaining $143 million...
...Among policymakers, one of the phrases you hear most often is "bend the cost curve." The need to do precisely that became even clearer on Tuesday, with the release of the annual report of the Medicare trust fund. The trustees projected that the Medicare Part A (or hospital) trust fund will become insolvent by 2017, which is two years earlier than previously estimated. (Read "The Fire This Time: Is This Health Care's Moment...
...China's cuddly rhetoric has seduced few. In 2008, Beijing's annual military budget increased by almost 20% to $60 billion, according to official figures, though the Pentagon estimates that number could actually be closer to $150 billion. Its most recent report on the PLA warned grimly of China's ability to "develop and field disruptive military technologies" - tactics which the Pentagon thinks will change "regional military balances and... have implications beyond the Asia-Pacific." China's strategic interests now rim most of the world's continents and it remains embroiled in lingering territorial disputes with its neighbors. Though publicly...