Word: annually
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Dates: during 1970-1979
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...demands this fiscal prescience. Most businesses budget on a "rolling quarterly basis," changing estimates and adjusting prices as they monitor the flow of cash. A university can't change the price of its product in the middle of the year, and so Faculty budget-makers are locked into an annual budget. They have to make crucial financial decisions based on fuzzy guesses about the inflation rate a year and a half from now. "I sit here in September with a budget of $50 million and I have very little control over that budget--all I can do is monitor...
Until that date, the pacts stipulate that the canal be administered by a U.S. Government commission. The Administration wanted the commission to be largely autonomous. But conservatives in the House have insisted on nearly complete Government control, chiefly by using annual congressional appropriations to finance the commission's operating costs...
...apply for admission and thousands of alumni are concentrated in a small area, a network of committees constantly in contact with Harvard performs the University's local work. In rural areas, high school students apply on their own initiative and the quiet alumnus can remain happily off the fundraisers annual rounds if he wants...
Prospective skippers must pay a $25 annual membership fee to join the Harvard sailing club and use its boats. New members are also required to pass the 100-yd. swimming test at the IAB and to attend a rigging demonstration, during which launching and beaching procedures are explained. All beginners also will be given an on-the-water demonstration, as well as a basic sailing lecture...
...Colony, The Honorable Paul Dudley (A.B. 1690), Chief Justice of the Supreme Judicial Court, Overseer of Harvard College, Fellow of the Royal Society, left to the President and Fellows of the college a bequest of 133 pounds, 6 shillings, and 8 pence for the establishment of a series of annual lectures to be known as the Dudleian Lectures...