Word: cuts
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Dates: during 2000-2009
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...what's the next move for ritzy retailers? Department stores cut new merchandise orders for the upcoming holiday season by at least 20% to bring supply in line with demand, and began pressuring fashion houses to offer lower-priced goods. "They needed to get traffic into their stores," says Milton Pedraza, chief executive of the Luxury Institute...
Harvard club teams are struggling to find adequate practice space in light of the Malkin Athletic Center’s reduced operating hours, a recent impact of the University’s widespread budget-cutting initiatives. The MAC’s weekday closing hours have been tightened from 11 p.m. to 10 p.m., creating a scarcity of room availability for student sport and recreation groups, primarily in booking the MAC’s Mezzanine room. “It has always been tight and it’s always a hotly-contested battle for space,” President...
...Pharmaceutical companies would also, per an agreement struck with the Obama Administration earlier this year, cut name-brand-drug costs 50% for Medicare Part D recipients stuck in the "doughnut hole," the gap in prescription-drug coverage that exists once seniors' drug costs for the year exceed a certain amount ($2,700 in 2009). This provision would go into effect in 2010 and is expected to cost drugmakers $80 billion over 10 years. (Part D beneficiaries who get low-income subsidies, are enrolled in a retiree drug plan or earn more than $85,000 would not be eligible...
Obama's rhetoric was understandable. His plan is to do away with a system in which the Federal Government subsidizes banks and other private finance companies like Sallie Mae to lend money to students. The Administration essentially wants to cut such companies out of the game and run the system itself. Democrats claim the move will save $87 billion over 10 years, which can be used for a laundry list of education priorities, including increasing the maximum amount of Pell Grants, expanding Perkins Loans and investing in community colleges and other programs. (See pictures of a diverse group of American...
...aren't generally discussed, as the festival receives more than 700 entries each year. No film festival has a moral obligation to accept a film, but TIFF's slogan of "Action! For Earth" raised more than a few eyebrows when the widely lauded eco-documentary didn't make the cut. In the end, Yoda said, the festival "decided to take The Cove due to international attention worldwide." (See pictures of Japan and the world...