Word: budgetable
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...fair, the Stability and Growth Pact's credibility was straining long before the downturn. Most E.U. member states have run budget deficits beyond the 3% ceiling from time to time, while many have breached the pact's other main criterion: that national debt stay below 60% of GDP. Germany, the pact's main proponent, has been one of the most consistent abusers of the budgetary rules. In 2002, then president of the European Commission Romano Prodi even described the rules as "stupid...
...commission predicts the E.U. economy will shrink 1.8% in 2009. That's going to make borrowing crucial. Ireland's budget deficit is projected to rise to 13% of GDP by 2010; Britain's could hit 9.6%. France and Germany are both expected to blast through the 3% ceiling. The region's debt figures are just as dire. (See pictures of the financial crisis hitting London...
...Beijing office would have been financed by the Harvard China Fund, a University-wide initiative with an annual operating budget of roughly $1 million to support teaching and research in and about China, said Todd Washburn, assistant provost for international affairs...
...attempt to reduce its budget for next year by $12 million, Harvard College Library—which manages the circulation of over 11 million items—will shuffle personnel to streamline its services, and will likely be unable to avoid layoffs this spring. For now, the move will require the displacement of the 17 workers in the Widener serial services division, which catalogs incoming periodicals, to a Central Square facility currently occupied by HCL’s technical services unit, according to HCL spokeswoman Beth Brainard. To encourage further cost-cutting, administrators and senior managers of HCL?...
Cheap Seats. You don't have to trawl the Great White Way for good theater. Take in an off-Broadway show (also useful for impressing a first date or a client, on a budget) with two-for-one tickets to off-Broadway shows - see Cynthia Nixon in Distracted or Kathleen Turner in The Third Story - during the last two weeks of Feb. Check out the On the House deal here...