Word: budgets
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Dates: during 2000-2009
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Sweet will leave less than a year after he first arrived on campus in September, as Harvard's endowment was on its way to an unprecedented four-month decline of 22 percent that would mean sweeping budget cuts for Harvard's largest school. A stalwart presence at Smith's side during these cutbacks and layoffs, Sweet has served a crucial role in the FAS administration, which has found itself saddled with a $220 million annual deficit to close over the next two years...
Sweet, a former cryptographic researcher, has brought sharp insight to Harvard's finances for not only top Faculty deans but also the departments and centers that must translate the deluge of figures into real-life budget cuts, Smith said. After Smith delivered a mandate to departments to cut their budgets by 15 percent in December, Sweet became the go-to man who could bring reality to the numbers...
...nation, California is suffering in the Great Recession. Jarring cuts to the state's K-12 schools, universities, children's healthcare, the infirm, the elderly, roads, infrastructure, cities, counties, libraries, police, fire and parks - nearly all the programs that government provides - are unavoidable. The big question: Will the budget knife slice California's middle class in a significant way, and, if so, how will those voters react to the pain...
...major reason lawmakers are considering taxing these benefits for the first time: there's a lot of money involved. Depending on how it is structured, a tax on the most expensive benefits could bring in hundreds of billions of dollars over the next 10 years, the Congressional Budget Office has estimated. But it would be a politically treacherous move that would not affect only the wealthy. Many of those generous health plans are also part of union contracts - and in many cases were negotiated in lieu of higher wages - which means Obama might have to go back on his campaign...
...families and 44% associate it with crime. And experts say that because of lax legislation, around 60% to 70% of Ukraine's gambling establishments were operating illegally. Pysarenko estimates that the industry is worth about $5 billion per year, only 2% of which made it to the state budget as operators avoided paying taxes. (Watch a video about a Russian roadtrip...