Word: cutting
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...about how busy he is. At the bank, he automatically rejects every loan application. He can rouse himself to passion only when watching a Saw movie in his cocoon of a home, cheering on the man who has to amputate his foot: "Oh, come on, you're halfway through, cut it off already...
...latest cut follows an October cut of 1.5 million barrels a day, which failed to arrest the downward slide in oil futures - prices have plunged a further 18% since November, deepening fears among oil-rich nations of an economic disaster at home. Whereas in July, with futures at a record high of $147 a barrel, the daily oil earnings for Opec's 11 members stood at $4 billion, this week, with oil hovering at around $43 a barrel, the cartel's combined daily earnings stood closer to $1.2 billion. Saudi Arabia's oil minister Ali Al-Naimi said last month...
Yale will postpone all new construction projects, curb salary growth, and limit new hiring by requiring approval for new positions from its provost's office, according to the letter. In addition, Levin wrote that the university's budgets would be cut by 5 percent this year and the year after...
...Dean Michael D. Smith announced a freeze on faculty salaries and cut 70 percent of faculty searches earlier this month, just weeks after freezing staff hiring in the school. Two weeks ago, Harvard Medical School and FAS administrators asked their departments to plan for 10 percent budget cuts in light of the deteriorating financial situation. And last week, the Harvard Kennedy School announced it would freeze salaries and slow or stop faculty and staff hiring except in cases of "extremely high strategic priority...
...government tried to yank No Child Left Behind funding in 2004 from a Chicago tutoring program, Duncan threatened to sue the U.S. Department of Education. The federal policy stated that under-performing districts, like Chicago, weren't eligible to use federal funds for tutoring programs. Duncan said the funding cut was "a slap in the face" to Chicago's neediest students. The DOE eventually relented and allowed the funding to be used as Duncan wanted...