Word: benchmark
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...been coordinating with divisional deans to hone in on areas that can be cut, according to Statistics department administrator Betsey B. Cogswell. She said the department is currently waiting for confirmation of a proposal for a 15 percent reduction in the budget. Though Smith’s 15 percent benchmark for cuts came in a December faculty meeting, the FAS Dean has acknowledged that in the final budgetary plan, some departments may have to trim more or less than that figure. “I think the administration is trying to get a handle on what happens in individual departments...
...Freitag, despite Steve Wynn's recent announcement that he will lower room rates, thinks the picture may not be all gloomy. "If you look at the hotel occupancy rate of 83.5%, well, people in other cities would be ecstatic," says Freitag. "But it's just in Las Vegas, the benchmark is 90%." And while there are reports of some struggling hotels offering free rooms to visitors who gamble as little as $100 at the tables, Scott D. Berman of PricewaterhouseCoopers says the better properties are doing relatively well, at least on weekends. "It's a segmented market," says Berman. "What...
...foreign automakers based in the South, who account for almost a third of all cars built in the U.S., have now become the benchmark against which the Big Three are measured. As the various aid packages were being negotiated, first on Capitol Hill and then this week on the other side of Pennsylvania Avenue, one constant condition Republicans insisted upon was Detroit getting its wages and benefits down to the levels of the so-called transplant workers in states like Alabama, Tennessee, Georgia and Mississippi. (See pictures of the remains of Detroit...
With the exchange rate hovering just below 90 yen to the dollar, and having risen to 87 on Wednesday after the U.S. cut interest rates, the Bank of Japan decided on Friday to cut its benchmark rate to 0.1%. The move was done on a near unanimous vote among policy makers. However, with its overnight rate already at 0.3%, it is unclear what such a small rate cut could achieve...
According to the Journal, the University’s new 30-year debt will command interest payments of 3.375 percent above U.S. government treasuries—a widely used benchmark for risk-free investments. That figure is approximately twice the premium Harvard paid on 30-year debt sold two years...