Word: cutting
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...over the last several months, something funny has been happening in the commodities trade. After spectacular plunges, the prices of oil, copper, palm oil and others are rallying. This shouldn't be happening given the parlous state of the world economy. The International Monetary Fund this week cut its global growth forecast for 2009, predicting GDP would contract by 1.3%, the most severe recession since the 1930s. Yet oil is some 50% more expensive now than in December. Palm oil, which is used in a wide variety of manufactured foods, has surged by about 50% this year. "The only area...
...Across the board, the message is simple: Stay put, cut where possible–these are not times to dream...
...Smith said at the FAS town hall meeting earlier this month that he is not considering salary reductions for professors or upper-level administrators as a possibility because with the current salary freeze, “we’ve all taken a real pay cut...
...figuring out where they can afford to go. With enrollment deadlines looming in May, economic uncertainty makes that calculus harder than ever, particularly if a financial-aid package based on a family's circumstances during application time in January now looks woefully inadequate in the wake of a salary cut or layoff. The silver lining? The odds of getting extra aid are good - if you know how to ask for it. (See TIME's special report on paying for college...
...many as half those appeals, financial-aid officers say, are likely to be successful. Families who can document a concrete change in circumstances - such as a layoff or a salary cut - have the best chance. But those who can't need not despair. Some applicants have successfully argued that aid officers overlooked a key piece of their financial picture the first time around, such as the cost of elder care, childcare, medical bills, rent or private secondary-school tuition. Officers also report that they have leeway to adjust aid packages if parents make the case that they are nearing retirement...