Word: coffersful
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Raising money for the fund will likely play a role in the next University-wide capital campaign, Summers said. But in the meantime, University officials will use the fund to put more money earmarked for graduate student financial aid in the University’s coffers.
Unfortunately, it is doubtful that governments could accurately measure the magnitude of the tax necessary for smokers to exactly internalize the excess social cost of their habit. The debate within the economics profession on smoking’s health externality is far from settled. Besides, even if governments could accurately...
Given the resistance to tax increases, look for states to raise revenue with sneaky fees and by further targeting such "sins" as alcohol, gambling and tobacco. In Virginia the DMV levies a service charge on credit-card payments. California is expected to triple motor-vehicle--license fees, adding nearly $4...
While international competition was the watchword for exporters, the government sought universal employment and stability at home. With coffers flush from the nation's high personal-savings rate, the government launched massive public-works projects designed to rebuild a smashed infrastructure, provide jobs and spur internal demand. For the domestic...
Certain challenges associated with hosting the convention remain to be met, although city officials should be applauded for promptly addressing the great amount of work that lies ahead. Security in the wake of Sept. 11, for instance, will significantly increase municipal costs. Furthermore, the city must brace for thousands of...