Word: costs
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...Phillipsburg, Toys "R" Us is more price competitive with Wal-Mart on diapers and baby formula. But an 8.9-oz. box of Cheerios at the Phillipsburg Toys "R" Us cost $3.49. At the Phillipsburg Wal-Mart, you get 21.06 ounces for $3.98. At Toys "R" Us, a 52-load container of Tide with Febreze costs $16.49. At Wal-Mart, you get 78 loads for $19.97. Not a huge difference, but cash-strapped consumers are searching for every kind of bargain these days...
...early retirement incentive does make it easier for professors who wish to retire to do so and allows younger professors to rise in their fields. In fact, in many ways this is a better cost-cutting method than the hiring freeze, which prevents any new talent from being hired. If FAS is faced with the choice between a buyout and a hiring freeze, the buyout is the clear best choice...
...hiring freeze, it suggests that the faculty intends to decrease the total number of professors it employs, which could seriously harm the diversity and breadth of course offerings and fields of study—a diversity that is central to Harvard’s educational strength. As a cost-cutting measure, the buyout has the potential to damage the depth, reputation, and integrity of the school by effectively eliminating positions and, possibly, entire fields...
With the potential to harm Harvard’s academic mission, FAS should not implement this buyout, and if they find it necessary to do so, the hiring freeze should first be lifted. We appreciate the need for cost-cutting measures in these difficult economic times, but the University’s mission is to provide education of the highest caliber. Intentionally decreasing the size of the faculty is inconsistent with that mission and should only be seen as a last resort...
...diminished credit for an ailing economy. "The American people can't manage their credit," says one industry heavyweight, "If you change the rules, guess what, we'll just start at a higher rate and you'll see a decrease in availability of credit and an increase in the cost to everyone else." (See the top 10 worst business deals of the past year...