Word: cutting
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...After a fade-away 12-footer from Tay, a strong layup in the paint from Markley, and a three from freshman guard Brogan Berry, the Harvard side of the bleachers started catching on to its team’s second wind. Minutes later, Princeton’s lead was cut to 10 by an acrobatic layup from Tay and an ensuing trip to the line for forward Katie Rollins, who was injured last week. At this point the crowd was on its feet...
...There are a third of us who are in immediate danger of being downwardly mobile. And this stretches across all classes. It's the hedge fund manager who lost his job, and was making a healthy seven figures. It's the GM retiree whose middle class benefits are being cut. So it's a spectrum of people who have basically slammed their wallets shut. And that effect is not only on luxury, it's on basics, it's on everything...
Harvard has not escaped the recession. President Faust sent an e-mail last Wednesday to the Harvard community detailing just how grim the state of the endowment is. To compensate for the loss of at least $8 billion, Harvard has understandably chosen to cut down its staff. While it is unfortunate that some may lose their jobs due to the impending cuts, Harvard must be fiscally responsible and carefully define its priorities in such times...
Harvard has rightly targeted outsourced custodial labor as a sector of the operational budget that can be cut. One Source, a contractor company that cleans properties operated by Harvard Real Estate Services, has been asked to cut costs by 30 to 40 percent. American Clean Company, a contractor that services the Harvard Medical School, has been requested by HMS custodial directors to eliminate 13 of its 27 workers. These reductions do not seem unreasonably drastic compared to the layoffs occurring outside of Harvard. Economic recession inevitably affects jobs...
Some of the biggest spending cuts in the new budget - nearly $10 billion - will hit education and social services. Spending on kindergarten through 12th grade will be reduced by $8.4 billion over the next two years. This means teacher layoffs, fewer school days and more crowded classrooms. Higher education funding will also be cut by $888 million at state schools, where students will be expected to shoulder 10% higher fees. And, according to the new budget, $1.5 billion will be saved by eliminating senior citizens' annual cost of living increases and other health services (again, depending on where the federal...