Word: budget
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...needs to be coordinated. One of the risks is that inflation could soar due to the explosion of national debt in many countries during the crisis. And early signs suggest governments have wildly different strategies. In Germany, for example, Chancellor Angela Merkel promised tough action to bring down the budget deficit, while in France, President Nicolas Sarkozy is looking to add to the country's debt though a huge government-bond issue next year. Such divergences are already causing alarm. Unless exit strategies also address the long-term sustainability of public finance and other challenges, Stark says, "the current crisis...
...extraneous care they provide out of fear of being sued--costs much more, but the data are unclear. Texas, for example, has not seen health-care spending drop since instituting award caps in 2003. While a 1996 study said caps could cut costs up to 9%, the Congressional Budget Office stated in 2008 that it had "not found sufficient evidence to conclude that practicing defensive medicine has a significant effect" on spending...
When implementing recent budget cut decisions, the administration has appeared somewhat closed to outside influence. Thankfully, there may be a remedy to this glaring problem. FAS has now launched an online Idea Bank inviting students, faculty members, and the community to submit their budget cut ideas and rate those of others. Administrators have already successfully halved the FAS deficit, bringing it down to a more manageable $110 million from the original figure of $220 million. Now they are asking the broader Harvard community to have a role in coming up with possible additional cuts...
...hope that working groups will take the ideas seriously in their deliberations, as many ideas already on the website appear sensible and creative. We also hope to see such ideas being incorporated into the next round of budget cuts. Nevertheless, it is up to students and the community to take this opportunity to voice their opinion and be a part of the budget cut process. Many were quick to criticize the University on the lack of transparency in their decision-making process when it announced its first round of cuts. The Idea Bank is a great opportunity to remedy this...
Facing a $110 million dollar budget deficit over the next two years, the Faculty of Arts and Sciences has unrolled a new online “Idea Bank” Web site that allows students, faculty, and staff to share anonymous proposals about ways to reduce expenses...