Word: budgetable
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...when a school attempts to liquidate part of its art collection, an option that it appears Brandeis is still considering, museum groups aren't the only bodies paying attention. Three years ago, Fisk University, facing a serious budget shortfall, attempted to sell two paintings from a collection donated to the school in 1949 by the artist Georgia O'Keeffe. A Tennessee chancery court turned down the deal, finding that it violated the terms of O'Keeffe's bequest. When Fisk then negotiated a $30 million deal to share its entire collection with the museum being built in Bentonville...
Today, Russia's finances look a lot less robust. The government budget was based on oil at $70 per bbl., far above the current price, and it will consequently swing into deficit next year for the first time since 2001. The stock market has dropped more than 70% in the past year, as the nation's business élite have dumped stocks to repay the huge loans they had taken out to finance acquisitions in Russia and abroad. Capital is fleeing--investors have pulled about $245 billion out of Russia since August--and the ruble is under pressure...
...movie producers to buy film and $1.4 billion for "rural waste-disposal programs." Principled conservatives worry that it's so big, it will institutionalize Big Government; principled liberals worry that it won't be big enough to resuscitate a flatlined economy. And a bipartisan chorus--including Clinton Administration budget chief Alice Rivlin and Reagan Administration economist Martin Feldstein--has argued that the stimulus package ought to be all about stimulus. Those people want to focus on fighting the recession, and they don't see Pell Grants, renewable-energy subsidies, health-care technology and Head Start as the best ways...
...part of his continuing response to the current financial crisis, Smith had been working to release details on an ‘80-percent plan’ for cutting the FAS budget at the end of January...
...Harvard’s decreased hiring reflects more than simple priorities. Yale and Princeton have been able to continue recruiting aggressively in part because they are less dependent on their endowment than FAS, which relies on endowment funding for over half of its budget...