Word: burden
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Well, for one thing, taxes aren’t only about drags on the economy. It’s also about making judgment calls about who should foot the bill, about what is money earned versus money happened upon, about where the burden of funding the federal government ought to lie. (Those of us who took Ec 10 probably remember that lecture on the difference between positive and normative statements...
...faced severe budget constraints in recent years, with ambitious projects in Allston leaving it with a heavy tax burden and a stagnant economy hurting donation numbers. In 2003’s annual letter to the Faculty, Kirby referred to a “period of greater financial constraint,” which has seen budget cuts and layoffs across the University...
After exhausting all means of remediation available to them at Harvard, including a petition for a hearing with the College’s Administrative Board and a personal audience with President Lawrence H. Summers, the ConnectU team ruled out a lawsuit in a May interview, citing the financial burden such action would necessarily impose. But after more than three months—and a rate of expansion demonstrably slower to that of Zuckerberg’s site—Narendra and the Winklevosses retained the counsel of Finnegan, Henderson, Farabow, Garrett and Dunner, L.L.P for ConnectU LLC. The firm...
...HEAVY INDEBTEDNESS of American consumers is nothing new. U.S. families have gradually been spending more of their household budget, about 13%, on debt payments. As long as housing prices hold up, economists say the debt burden will stay manageable. But as interest rates rise, mortgages and credit-card debt get more expensive, especially for those making less than $50,000 a year. "If you look at the low end of the income spectrum, they seem to be having more difficulty making payments," says Sohn. Over time, the deficit could worsen that effect, by making interest rates higher than they would...
...world's biggest. In Europe, however, with the exception of Britain, corporate-giving traditions were wiped out by war, inflation and the growth of the welfare state, which left firms with little incentive to dole out funds. Fueled by high taxes, governments have carried the burden of social justice. If firms gave at all, they sponsored causes that might further their business or extend their marketing. That's changing, as governments squeeze their budgets and a new, less self-interested type of charity takes hold. There has been a sharp rise in the number of not-for-profit foundations throughout...