Word: budgeter
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...Budget cuts hit UChicago's "Social Sciences nad Humanities" the most
Besides the expert copy-editing at the Chicago Maroon, things aren't looking too good at UChicago. Each of the three divisions have taken a 25% budget cut, which has hit the smaller humanities departments especially hard, since the sciences already enjoy substantial outside funding. Their Slavic department is dying, with at most one graduate student matriculating next year. Ultimately the choice for the humanities division came down to hiring new faculty or accepting more graduate students--and they decided to focus on the former, reducing the size of their incoming graduate school class...
...camps with decent food, water and sanitation for tens of thousands of refugees. It will be even more important as the country tries to rebuild the north after nearly 30 years of war. Spending on military pay, pensions and hardware has put a huge burden on Sri Lanka's budget. This year, the government's total tax revenue, after debt servicing, will not be enough to meet its expected spending. And yet the Sri Lankan government has not only refused to accept humanitarian conditions on aid; it has tightened its position on access to civilian refugees, whom it calls...
...more bluntly, Harvard has the largest university endowment in the world, and it should not be afraid of using this capital to sustain itself during the current recession. Perhaps the deans and the Corporation should release more endowment money to schools like FAS in order to ensure that budget cuts can be made without layoffs. Right now, the FAS budget deficit of $220 million comes directly from an eight percent decrease in endowment money being funneled into FAS. Although it would be unsustainable over the long term, Harvard could dip further into its endowment over the next year...
Martinelli's party, Democratic Change, and other allies also won a comfortable majority in the National Assembly, which may make it easier for him to realize his aggressive reform agenda. That includes budget reductions, more business-friendly labor reforms as well as financial and tax changes. Still, Martinelli's affable but strong executive personality - he's known as an imperious, sometimes right-wing businessman accustomed to seeing his orders carried out immediately - will have to battle Panama's notoriously slow and entrenched government bureaucracy...