Word: economice
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Bloom and his administration then took steps to revise stipulations on future grants and donations to allow the creation of reserve funds that have grown large enough over the past few years for the school to avoid severe cutbacks in the wake of the economic recession.
When Julio Frenk ascended to the deanship in January 2009, he found the reserves virtually untouched since the previous years had seen a period of economic prosperity.
Though Bloom had not accounted for a major economic recession when he created the reserve funds—worrying instead that federal research funding might decline—he said he hoped that the money set aside would help the School of Public Health pull through current economic troubles.
“I was right for the wrong reason,” Bloom said. “I had no idea that the economic situation of the country [and] the University would crash, but those reserves did preserve the options for the new dean and I feel very confident...
While some may argue against Cape Wind because of their ties to Nantucket Sound, these individuals will also reap the benefits of widespread alternative energy usage. Moreover, Cape Wind will help far more people than it hurts. While it will restrict relatively few residents’ view, its economic benefits...