Word: downturnã
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There is a connection between the education level of workers and the economic downturn??s effect on their employment status, according to Christopher L. Foote, visiting economics lecturer...
Harvard’s Executive Vice President Edward C. Forst ’82—tasked with overseeing University finances amid an unprecedented economic downturn??will step down after less than one year on the job, University officials announced Tuesday afternoon...
...relatively strong fundraising figures may not yet reflect the full impact of the economic downturn??there is often a significant lag between economic trends and changes in giving...
...Group Insurance Commission health plan or by developing health care plans that would be as cost efficient as the state’s plan. According to Murphy, Cambridge’s current health care program is actually cheaper than the state’s plan. In the last economic downturn??between 2002 and 2004—about 14,500 teachers, firefighters, librarians, and other local employees lost their jobs statewide as a result of comparable local aid cuts made by then-governor Mitt Romney. Local officials said the financial strains of the cuts would be felt immediately...
...first people targeted.” Since the freeze, the number of open FAS staff positions has dropped precipitously from over 100 at the time of the announcement to 32, according to a University database for job posts. In light of the gravity of the financial downturn??which recently caused an unprecedented 22 percent drop in Harvard’s endowment—many staffers said they have largely accepted news of the hiring halt. But some are unconvinced that the freeze was the best solution. Holt said the “knee-jerk” response...