Word: deficits
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Some argue that Twitter is a form of digital narcissism, the toy of the moment for an attention-deficit-disordered culture. But as Johnson notes, the Twitter platform is ultimately about an accretion of tweets, the way hundreds of thousands of pixels form a detailed and complex digital image. Twitter underscores Marshall McLuhan's famous aphorism that the medium is the message--the idea that technological form shapes and determines the culture. McLuhan challenged the traditional notion that content--whether in print, in film or on television--is automatically more significant than the medium through which it is delivered. What...
...April that 153 out of 521 eligible staff in his school accepted the buyout packages--a slight discrepancy from the most recent figures possibly caused by the delayed delivery of packages, according to University spokesman John D. Longbrake. But in light of a looming $220 million FAS budget deficit over the next two years, only $77 million of which has been accounted for through the cost-saving measures that have already been announced, Smith and other administrators are now looking to conduct a broad-based restructuring of the University's largest school.--Staff writer Peter F. Zhu can be reached...
...gotten nearly the amount of discussion that the public option has, but it's likely to be far more difficult to resolve. That's because under the budget rules, any plan that Congress passes will have to pay for itself within 11 years without adding to the deficit. Passing muster with government bean counters is not the same thing as writing sound health-care policy. While many health-care-reform moves promise big savings in the future for the larger economy, they will require huge up-front investments, with only a small part of the savings ever accruing...
...exciting tasks. We willingly undertake them. Working groups are at work—in Humanities, Sciences, Social Sciences, and on the Houses, on Student Life, on Undergraduate Education. Our salaries are frozen. But will all this really save the $200 million a year necessary to meet the structural deficit inherited by our talented and visionary President? Can they really do anything by next November or by the beginning of the next fiscal year? Does the Harvard Corporation actually see what it is asking of the president, the faculty, and the deans of one of the finest universities in the world...
...Still, there’s more. A unified Democratic government passed a partisan $787 billion stimulus bill and another $410 billion spending bill. After promising to end the Republican tenure of pork-barrel spending, these massive bills included titanic lists of pork projects. The projected budget deficit for the fiscal year 2009 grew to $1.8 trillion, or a shocking and nearly unprecedented 12.3 percent of our gross domestic product. They then proceeded to pass a new record-breaking $3.6 trillion budget for the upcoming year...