Word: budgeteering
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...that payout from the endowment will decline by 8 percent in dollar value for at least this year and the next. Harvard’s other two income streams—tuition and fundraising—also shrank, with gift receipts down 8 percent. Over the past year, massive budget cuts across the board resulted in slowed faculty hiring, 275 layoffs, early retirement incentives, as well as a slowdown in Allston construction. Capital spending is expected to decrease by roughly 50 percent, Faust said, to keep spending in line with the University’s new fiscal constraints. In contrast...
...that in a snobbish way. The fact is, California's state schools may be in a heap of trouble. The state legislature approved a whopping 20 percent cut in funding for the 10 schools in the University of California system—shaving $637.1 million from a $3.23 billion budget, which now stands at $2.6 billion. The legislature has also proposed a 32 percent increase in student tuition by fall 2010. In response, students, faculty, and staff protested the cuts yesterday. Imagine choosing Berkeley or UCLA over Harvard or Yale because you thought the tuition was that much lower...
...constructing these facilities in the Church Street parking lot, to even building swing housing on top of the Quincy House dining hall. Fan conceded that several of his peers’ proposals were “radical,” in part because they did not have to take budget concerns into account in their hypothetical recommendations. “The issues that are raised may shed new light on the way people in the University think about their roles and own proposals,” said Design School Professor Jonathan Levi, who teaches the class. Remeike J.B. Forbes...
This community investment is especially important given the long duration of the construction projects in Allston. In February 2009, the university announced that it would delay construction in Allston as part of a series of budget cuts in response to the financial crisis. This slowdown is understandably testing the patience of Allston residents. But goodwill overtures such as the fund indicate that, despite construction uncertainty, Harvard is not wavering in its commitment to a healthy relationship with the Allston community...
...From her first appearance at an E.U. summit in December 2005, when Merkel helped break a deadlock between Britain and France on the budget, the Chancellor has gained a reputation as a shrewd and effective negotiator. Her low-key foreign policy has been in keeping with the consensual style of government imposed on her by an electoral system that forced her Christian Democrats (CDU) into a grand coalition with the largest opposition party, the Social Democrats (SPD). But it's also the manifestation of a history that has left Germany reluctant to intervene in the affairs of other countries. (Read...