Word: budgeter
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Long-term unemployment is also dangerous for the economy as a whole. One quarter of the long-term unemployed permanently leave the workforce, a recent study by the Congressional Budget Office found, producing increased loss of output in the economy. Long-term unemployment burdens social services, diminishes spending levels in the economy and drains overall savings. It can also affect unemployment among young, first-time job-seekers. "Long-term unemployment is debilitating for people trying to find jobs in the first place," says Professor James K. Galbraith of the University of Texas at Austin. The more long term unemployed there...
...toward the salary of a paraprofessional whose job was endangered. "The state is supposed to provide the black-and-white essentials of a good education, and the PTA fills in the color," says California state PTA president Jo Loss, whose schools have had to deal with a round of budget cuts that might leave more than 17,000 teachers out of work this fall. "But our state has increasingly fallen far short of providing even the essentials. So PTAs are having to step...
...Problems to Fix Six years on, though, the project is already three years behind schedule, $2 billion over the initial $4.2 billion budget, and the focus of international arbitration and other legal wranglings as TVO, Areva and other companies involved seek compensation for escalating costs. Analysts say many of the problems stem from Areva's impossibly low bid. "Though getting the world's first third-generation reactor completed will give Areva some big advantages over rivals, the Finnish project has cost it a lot in terms of credibility, and a lot of people are looking on saying: 'You mean...
...California is not alone. Budget gaps are forcing officials in just about every state to scale back hours, reduce services and close even some of their most popular tracts of open space. But rather than panic, park officials are looking for alternative approaches to funding what was once exclusively paid for by the government. "After years of suffering budget cuts and scrambling for strategies to make ends meet, it's almost like parks people have had enough," says Phil McKnelly, executive director of the National Association of State Park Directors, an industry group in Raleigh, N.C. "People finally realize there...
Parks may also opt to solicit sponsorships from corporations and other private sources. This is the strategy at Oglebay Resort, a self-supporting public municipal park in Wheeling, W.Va. The 2,000-acre park generates 99% of its $32 million budget from revenues from an on-site hotel, cottages and a golf course that it owns and operates, as well as donations and gifts that come in through a nonprofit foundation...