Word: costes
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That's why benefits are the next big target. For every employee who makes $75,000, a company typically spends $30,000 more in benefits. So for employees who still have jobs after cost-cutting layoffs, the potential for more pain lies ahead. Health insurance is traditionally the revenue drain that budget hawks focus on, with costs averaging $10,000 per employee (about $6,000 for singles and $14,000 for those supporting a family). "I expect that by January, the number of people without health insurance will rise above 50 million as companies scale back," says Bruce Raynor, president...
...Republic of Cambridge. But he was so convincing and so likeable, everyone kept telling me, that even his most right-wing beliefs were received with respect. When a flame-war broke out over the Currier House e-mail list about students receiving rebates from UHS over the cost of abortions, Caleb told participants to come down to the dining hall and talk to him. About 12 people showed up. These were all admirable qualities. But as I walked into Le Madeline, the Frenchified version of Au Bon Pain where I had agreed to meet Caleb for lunch, I steeled myself...
...only has Mbeki failed as an objective mediator, but he also provides a poor example of leadership himself. The Harvard School of Public Health recently found that Mbeki’s decision to reject HIV drugs as unsafe nine years ago cost 330,000 lives. And, in 2001, he made wild accusations against three leaders of his own political party—who were later defended by Nelson Mandela—that they were plotting his ouster. A man with such partiality and dangerously fickle leadership could never be a legitimate mediator...
...Harvard’s recent wave of Financial Aid reforms include sweeping measures that have allowed students from low-income families to afford an Ivy League education. The Harvard Financial Aid Initiative has eliminated the entire cost of attendance for students whose annual family income is below $60,000. The most recent financial aid measures have extended these benefits to the middle class: the FAO has eliminated loans and the use of home equity as means to finance educational costs, and has also reduced the cost of attendance to 10 percent of income for families with incomes...
...since 1943," he says. "It has no big missiles, no advanced radar and no nuclear propulsion." The Government Accountability Office (GAO) said last year that the San Antonio's woes began because the Navy relied on "immature" computer blueprints that infected its entire construction. That led to delays that cost up to five times what it would have if the work had been done in proper sequence. The GAO found that the ship had been "delivered to the war fighter incomplete and with numerous mechanical failures," including "safety concerns related to personnel, equipment, ammunition, navigation and flight activities." Navy officials...