Word: fiscal
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...more than 26% over four years. The unemployment rate rose from about 2% to 25%. There are a lot of good reasons - the activism of the Federal Reserve, payments from Social Security and unemployment insurance that act as economic stabilizers, and the incoming Administration's plans for big-time fiscal stimulus - to think that won't happen again. But there are also good reasons - mainly the Depression-like breakdown of much of the financial system over the past 16 months - to worry...
SEPT. 16, 2008 Los Angeles Times reporters sue Zell, accusing him of fiscal recklessness
While it is very important to help set College priorities, it is unclear what role students will have in keeping a focus on the undergraduate experience in light of fiscal challenges. A major criticism of the UC is its inability to effect change via the bureaucratic channels of University Hall. While this is a fair critique that likely won’t be remedied until the implementation of Dowling II’s Report on College Governance, the perception that we are therefore incapable of improving student life is both defeatist and false. As the sole arbiter...
...magnitude of this difference becomes even more evident in the current economic climate—the Boston Municipal Research Bureau predicted that Boston could start off the next fiscal year—which begins in July—with an $85 million budget shortfall...
President Drew G. Faust recently announced that Harvard’s endowment had tumbled 22 percent in the first four months of the fiscal year, losing approximately $8 billion out of $36.9 billion. Earlier this week, Faculty of Arts and Sciences Dean Michael D. Smith asked professors to consider how they could cut 10 to 15 percent of their departmental budgets...