Word: budgets
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Dates: during 2000-2009
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...Cash for Clunkers program rumbled to a halt after less than a month because of unexpectedly high demand. Buyers shed nearly 700,000 vehicles to claim government rebates on more-efficient models. Dealers complained that Uncle Sam was slow with payments, but consumers embraced the program, whose $1 billion budget was tripled by Congress after sales soared. Washington crowed that the effort created or saved 42,000 jobs. The bad news for Detroit? The three most popular models were Japanese...
...argument is airtight. Since Harvard is still the wealthiest university out there, and many other universities undergoing similar budget crises can still afford hot breakfasts, there’s no reason why we shouldn’t offer them...
...this point, everyone is familiar with the raft of cost-saving measures the ever-so-wise college administration has implemented in order to slice a few million dollars out of what was apparently a bloated operating budget. These cuts come in the face of—and this is just ballpark, folks—about 10 billion lost dollars in our endowment (summary of the budget fiasco thus far: salaried administrators 1, wage-earning Harvard employees 0). Recently, the powers that be realized the silliness of their proposed changes in the shuttle schedules and repented. Why can?...
...standard, Selsby said, and FAS IT has sent notifications to every account that has used its dial-up service in the last six months. FAS IT administrators made the decision to cut the service earlier this summer, when all departments and units across the Faculty were combing through their budgets. After announcing last spring that they would have to close a $220 million deficit over the space of two years, FAS administrators have only identified $77 million worth of budget cuts that are set for immediate implementation. Should users wish to “check their e-mail very, very...
...that money works well to stimulate the economy because the poor don't save - they spend, and fast. "Recovery money aimed at low- and moderate-income households has a dual benefit," says Chad Stone, chief economist at the left-leaning Center on Budget and Policy Priorities. "Besides relieving hardship, it gets spent quickly, stimulating economic activity that would not otherwise take place." (See 10 things to buy during the recession...