Word: budgeting
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Yale is now scouring for an additional 5 percent in budget cuts from departments, since administrators had planned for an economic rebound that never came, and humanities and foreign language departments are suffering. “The only area where we can reduce costs is the one area where undergrads need us the most, language instruction,” Benjamin Foster, acting chair of Yale's Near Eastern Languages and Civilizations department, told the Yale Daily News. “But it’s chickenfeed compared to the rest of Yale’s budget...
...common misconception that Harvard’s endowment—admittedly still the largest of any university—is merely an ocean of cash that can be accessed on a moment’s notice, which is not at all the case. Sometimes, as the many budget cuts Harvard has made in the last year demonstrate, a wealthy organization still has a very real need for donations...
...preserve the long-term purchasing power of the endowment, we chose not to transfer funds from the endowment to the operating budget last spring,” wrote Princeton President Shirley M. Tilghman in a letter to the community on Tuesday, noting that utilizing the endowment would have required selling equities at unattractive prices. “That has proved to be a wise and prudent decision, given the recent recovery in the markets...
Endowment payout will fund almost half of Princeton’s $1.3 billion operating budget this year...
...reimbursement rates above, but still tied to, Medicare rates. But an amendment that passed in the House Energy Committee would have a public option with negotiated rates, roughly equivalent to Schumer's supposedly "level playing field" approach. According to a Democratic leadership aide in the House, the Congressional Budget Office, which determines the cost of legislation, has told Pelosi that the Medicare-pegged rates would lead to $110 billion in savings over 10 years, while negotiated rates would save only about $25 billion. Pelosi, who is trying to whittle the House bill down from its $1.1 trillion price tag closer...