Word: budget
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...That strength turned out to be temporary. A ballooning U.S. budget deficit and escalating government debt has made the dollar currency non grata in many quarters once again. An index that measures the greenback's value against a basket of major currencies, including the euro and yen, has fallen about 15% from a three-year high reached in March and is now hovering near a 14-month low. Economists and analysts expect the dollar to lose a lot more ground. Daisuke Uno, chief strategist at Japan's banking giant Sumitomo Mitsui, believes the Japanese currency could strengthen...
...don’t understand why our kids are not coming out with a competitive edge. It is definitely not the budget. It has to be the administration; it has to be the teachers; it has to be the committee,” said Saundra Granjin, a mother of five Cambridge Public School graduates. “They have to find a way to boost these kids’ confidence and get them more involved,” she added...
With drastic budget cuts across its many schools and an endowment that dropped roughly 30 percent in the last fiscal year alone, the university, in tightening its belt, has also given careful consideration to the ways in which it can continue providing its essential programs and services in such a bleak economic environment. And one of Harvard’s better ideas in protecting both its financial health and efficiency has been to emphasize flexible funding and unrestricted donations in the development office...
...giving money to Harvard for no clearly specified reason. Regardless of one’s opinion of the Harvard Management Corporation, the university no longer has a golden reputation when it comes to managing money effectively. The university should therefore strive for transparency with regard to both its budget and in how it will allocate these unrestricted funds—if not to reveal the details of how they will be spent, then at least to ensure donors that they will be spent wisely...
...real power player may be the new High Representative for Foreign and Security Policy, an awkward title for what is essentially the E.U. foreign minister. Whoever is named to this post will head the E.U.'s new 8,000-strong diplomatic service, oversee a $12 billion foreign aid budget and speak for the E.U. in key meetings with other countries...