Word: fiscal
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Panasonic will lose $4.2 billion for its fiscal which ends in March. The company says its troubles will cause it to fire 15,000 people. This is the latest in a string of lay-offs by big Japanese companies including Sony...
...group of 10 members of the College’s Class of 1969 have called for drastically lower pay for top executives at the Harvard Management Corporation, who manage the university’s endowment. They have also requested that the managers give back their income earned during the fiscal year ending June 30, when HMC’s top six officials made a collective $26.8 million. Even given the fact that in the following four months, Harvard’s endowment plunged a record 22 percent—losing roughly $8 billion—such calls for drastically lower...
...fiscal stimulus bill is intended to create new jobs and spur the economy out of the current recession as well as promote long-term growth and development. The combined $6.5 billion of funding for the National Institutes of Health and the National Science Foundation that the package contains will be useful in promoting both of those goals...
...historical record suggests that when Congress has more time to deliberate - and more time to confer with the special-interest lobbyists and local-interest political advisers who dominate the decision-making of its members - it will enact fair tax policies, sustainable energy policies, wise infrastructure policies, responsible fiscal policies or any other policies tainted by long-term thinking or national-interest considerations. If Obama wants to push 21st-century change through Capitol Hill, he needs to use this emergency...
...wrote last month, there are three questions we should ask about every provision in the package: Will it stimulate the economy quickly? Will it create long-term fiscal obligations? But also: Is it something we ought to do anyway? We need to zap the economy with a big jolt of federal dollars, and it's important that those dollars be spent in timely and temporary ways. But it's just as important that they're spent in ways that promote, and don't undermine, national priorities. Fast is good, but this downturn is likely to last awhile no matter what...