Word: budgeting
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...Whenever you make budget cuts you have to make compromises," he noted, "and perhaps [the Bok Center] is something that's more expendable than other staff and resources...
Graduate students and junior faculty members may find themselves with fewer opportunities to hone their teaching skills next year, as the Derek Bok Center for Teaching and Learning struggles to adjust to a 40 percent cut in its budget...
...University spokesman Kevin Galvin noted that compensation costs account for half of Harvard's operating budget, and also pointed to the other cost-cutting measures implemented by the University before the layoffs, including a voluntary early retirement program, a salary freeze for faculty and non-union staff, and strictly limited hiring practices. He said that staff reductions have thus far been "spread evenly across our workforce," and noted that the average participant in the early retirement program had an annual salary of $67,000, with roughly half the participants working as hourly employees and half as administrative and professional staff...
...health adviser, Emanuel has spent much of his career battling the that's-what-we-do-here mentality of American medicine. "It drives me nuts - the ignorance is overwhelming," he says. "I'm a data-driven guy. I want to see evidence." It turns out that Emanuel's boss, budget director Peter Orszag, is also a data-driven guy, as is Orszag's boss, the President of the United States. They've already stuffed $1.1 billion into the stimulus bill to jump-start "comparative effectiveness research" into which treatments work best in which situations. Now they're pushing to overhaul...
...when they're necessary. It's also bad for the economy: health costs are bankrupting small businesses and even conglomerates like General Motors as well as millions of families. And it's awful for the country: Medicare is on track to go broke by 2017, and our long-term budget problems are primarily health-cost problems. At current growth rates, health spending by the Federal Government alone would increase from 5% to 20% of the economy by 2050; Social Security, by contrast, would increase only from...