Word: budget
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...maybe the argument is flawed. New research by David Barker of the University of Iowa and Eric Miller of the Congressional Budget Office indicates that homeownership actually has little to no effect on how kids do in school. Their paper, "Homeownership and Child Welfare," which appears in the summer issue of Real Estate Economics, is drumming up interest in housing-policy circles for calling into question one of the basic rationales for encouraging people to own homes. It's yet another idea - like house prices always go up, and down payments aren't that important - being re-evaluated...
...shrinking University finances and recession-related budget cuts, one student organization—the Leadership Institute at Harvard College—just received a $50,000 cash infusion. The grant from the Flora Family Foundation, which supports public service initiatives, will be given to the student group in two yearly installments of $25,000. The money will be used to expand the Leadership Institute’s existing programs as well as develop new curriculum. The student-run Institute—started in 2004-2005—seeks to provide concrete leadership training to supplement academic education for students...
...September, the DPJ will take over as the official ruling party, with the Diet's election of Hatoyama as Prime Minister and the appointment of ministers. That leaves 100 days for the new administration to draft a budget for the next fiscal year that doesn't increase the national deficit - now at 180% of GDP - but still holds to its costly election-year pledges. If the national budget is not prepared by the end of the year, the green shoots of economic growth could...
...Japan's system is unlike that of the U.S. in that there's no personnel overhaul with a change in administration. Japanese bureaucrats wield more power - sometimes even more than elected officials - and have long called the shots on everything from budget formulation to foreign policy. The DPJ has vowed to expand the power of the Prime Minister's office and the Cabinet, something pursued by previous Prime Ministers. But it's a delicate job, and one that could easily go sour. (See pictures of Japan in 1989 and Japan...
...Cabinet - and away from ministry bureaucrats - the DPJ will also replace the Council on Economic and Fiscal Policy, an advisory group to the Prime Minister's office set up in 2001, with a National Strategy Bureau (NSB) reporting to the Prime Minister. The NSB will be key in budget and diplomatic-policy formulation. The DPJ also wants to eliminate amakudari, or descent from heaven, which places retired bureaucrats in plush jobs. "This is a new way of doing business in this country," says Curtis. "[But you] can't bash and demoralize [the bureaucrats]. The DPJ has to find...