Word: financeseated
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Even when crisis came, in 2008, it wasn't a crisis of government finances, as some pessimists had feared, but one of mortgages and Wall Street. As Washington battled the troubles, the deficit grew to an estimated $1.6 trillion in the fiscal year that ends this month. That's by...
There is a limit on how big the government's borrowings can get before they start causing problems. But what's the limit? In the early 1980s, many smart people would have told you that deficits topping 3% of GDP would bring economic pain, as government borrowing crowded out private...
But even with federal assistance, the California fiscal crisis - and in particular July's $1.9 billion raid on local government finances to help balance the state budget - could threaten the system of mutual aid between fire departments across the state. For example, several fire departments in northern California went south...
In an era of shrinking University finances and recession-related budget cuts, one student organization—the Leadership Institute at Harvard College—just received a $50,000 cash infusion. The grant from the Flora Family Foundation, which supports public service initiatives, will be given to the student...
Edward C. Forst ’82, Harvard’s first executive vice president who stepped down Aug. 1 after a year on the job, will return to Goldman Sachs on Sept. 8 as the firm’s senior strategy officer while continuing to advise Harvard on finances...