Word: budgets
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Dates: during 2000-2009
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That ground was covered by earlier Administrations, from which sprang the inherently dangerous design of the space shuttle in the 1970s. Budget cuts and compromises led to the critical mistake of designing the shuttle to fly horizontally but launch vertically, leaving the ship helpless and without any abort option right after launch if something went wrong...
...optimism surrounding Faculty of Arts and Sciences Dean Michael D. Smith’s recent announcement about a windfall surplus in the school’s budget, some professors at yesterday’s Faculty meeting questioned the school’s health in light of the cutbacks that have occurred...
...number of professors said that further budget cuts could permanently damage the libraries’ core mission, since the libraries were experiencing neglect well before the financial crisis...
...public support, and the industry's efforts to fight the bill may have backfired politically. Additionally, there are new horror stories of people being denied coverage on unfair pretexts, and reports that insurers are jacking up the rates for small business in advance of the legislation. Meanwhile, the Congressional Budget Office recently determined that a public option could save a significant amount of money, particularly if its payments to providers are tied to Medicare's reimbursement rates, as House Speaker Nancy Pelosi would prefer. That, however, would likely bring strong opposition from doctors, hospitals and other health-care providers...
...These insights are at the core of the challenge to traditional neoclassicism posed by behavioral economics, which has burst into prominence in the Obama Administration. Budget director Peter Orszag is so obsessed with defaults that he used to bring a copy of that 401(k) study to all his meetings; chief regulator Cass Sunstein co-authored a book called Nudge that's all about defaults and other noncoercive policies that can promote desired behaviors. The Administration has pushed one nudge after another, from simplified financial-aid forms after studies showed they could increase college-attendance rates to automatic savings plans...