Word: budget
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...previous interviews, Smith himself has framed the faculty retirement packages, which were in progress as early as this spring, as part of budget-saving effort aimed at resurrecting the Faculty from a financial deficit that yawned as wide as $220 million in April (the figure has since been cut in half, Smith announced this fall). If any of the 127 faculty members who were offered the package chose to accept it, the plan would open up positions that would only be filled again on a case-by-case basis...
...past, Smith has emphasized that over half of the Faculty’s budget is allocated toward compensation for staffers and professors...
Last spring, in the midst of budget troubles, the University offered an early retirement package to staff members aged 55 or older who had served at Harvard for 10 years or more. That package was expressly proposed as an early retirement incentive aimed at trimming numbers and cutting costs...
...Many global health advocates worry that the success of PEPfAR - an initiative that has consistently enjoyed broad bipartisan support - may be jeopardized by harsh economic realities and shifting political priorities. Although Barack Obama pledged during the 2008 campaign to boost PEPfAR funding by $1 billion each year, his first budget proposed just $366 million more for fiscal year 2010 than the current year, and a majority of the 15 countries that receive PEPfAR funds will see no increase. After five straight years of funding hikes and public-health victories - in 2008, Congress reauthorized PEPfAR with a new commitment...
...Some health-policy advisers within the Administration, including Zeke Emanuel at the Office of Management and Budget, argue that a more effective global health strategy would shift some funding away from PEPfAR to focus on maternal- and child-health programs, which can produce significant results for a lower cost through food and nutrition programs, as well as treatment for so-called opportunistic diseases like malaria and TB. But many global health advocates argue that this approach unnecessarily pits diseases against each other. A Nov. 25 letter to Obama from a group of progressive religious leaders urged him "to ensure funding...