Word: droppings
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...most chilling scenario for unemployment in 2009 was 8.9% - a figure we breezed past in May. From December 2007 to August 2009, the economy jettisoned nearly 7 million jobs, according to the Bureau of Labor Statistics. That's a 5% decrease in the total number of jobs, a drop that hasn't occurred since the end of World War II. The number of long-term unemployed, people who have been out of work for more than 27 weeks, was the highest since the BLS began recording the number in 1948. Jobless figures released Sept. 4 showed a 9.7% unemployment rate...
...should hope we don't hear too much of in the coming months. It comes from the Greek husteros, which means late. It refers to what happens when something snaps in such a way that it can never be put back together. Bend a plastic ruler too far, drop that lightbulb - that cracking sound you hear is the marker of hysteresis. There's no way to restore what has just been smashed. (See the top 10 bankruptcies...
After Harvard administrators started planning for a 30 percent drop in its $36.9 billion endowment by the fiscal year’s end, each of the University’s schools—and the Faculty of Arts and Sciences in particular—made a conscious push to bring in as many unrestricted gifts as possible. Rogers said that the strategy certainly helped boost fundraising numbers for the year, and Harvard will continue its efforts to raise current use funds...
...unprecedented drop has dramatic ramifications for Harvard’s schools, some of which rely on annual payments from the endowment for more than half their income. The Faculty of Arts and Sciences, the University’s largest school and home of Harvard College, drew 52 percent of its revenues from the endowment last year. Planning for a precipitous drop in endowment size has already resulted in $77 million in budget cuts at FAS, and administrators are looking to cut another $143 million this year from a budget of just over $1 billion...
...College looks to juggle the transition between its old Core curriculum and the new General Education program meant to replace it, the Gen Ed office has been accommodating dozens of drop-in visits and around 200 e-mails a day—including a surprising number from upperclassmen for whom the program is not mandatory. The rush seems to go beyond the normal “beginning-of-term insanity,” according to Stephanie H. Kenen, administrative director of the program in General Education. Administrators had not anticipated the number of juniors and seniors who have shown interest...