Word: fiscal
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...academic and community commitments.Harvard’s endowment, totaling nearly $37 billion last June, lost at least an estimated 22 percent of its value in the four months ending Oct. 31, according University officials. Harvard planners have said they are anticipating a 30 percent decline for the full fiscal year, although some reports have speculated that losses could be even greater.While Harvard has “robust credit strengths” and maintains a $2 billion line of credit from a consortium of banks, Moody’s said the University’s liquidity position has suffered recently...
...February meetings with department administrators, FAS finance officials said the University would review budgets after the 45-day window and then consider the need for layoffs with the Office of the General Counsel and human resources officials.According to a guidebook for FAS departments that details planning procedures for next fiscal year’s budget, the administration expects to notify all laid-off employees within a short time frame in the spring. Departments will devise provisional lists of workers who might be laid off, and final decisions will be made by top FAS administrators. Employees will be given at least...
...energy in order to reduce our oil imports and carbon emissions as well as our household expenses. We need to quit smoking, lay off the Twinkies and avoid other risky behaviors that both damage our personal health and boost the costs of care that are ravaging the nation's fiscal health. Basically, we need to make better choices - about mortgages and credit cards, insurance and retirement plans - so we won't need bailouts down the road...
...what extent has the outcome of today's meeting of 19 leading economies and the European Union already been agreed? That's the $2 trillion question. The sum is the proposed level of fiscal stimulus by G-20 nations identified in an early leaked draft of the final communiqué expected later today. But amid squabbling in the run-up to the meeting, with France and Germany especially vocal in their objections to making specific commitments, the figure has been recast as the collated estimate of measures already planned as the world tries to stave off a prolonged downturn...
...With the fiscal stimulus issue neatly sidelined, the crucial sticking points are around how to remedy the structural and regulatory problems that led to the crisis. Merkel and Sarkozy expressed fears at their joint appearance that there will be insufficient commitment to regulating the financial markets and to clamping down on tax havens. A list of such havens could be published at the summit "or in a couple of days," said Sarkozy yesterday, but further delay would be unacceptable. British officials say they support publication of such a list. The point of disagreement is on timing, but there's optimism...