Word: fiscal
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...systemic problems with public schooling and instead look to save a notable few students. By failing to provide access to all students, they fail to satisfy the ultimate goal of public education. Rather than move students to other schools, their current schools should be made better. And if fiscal incentives can effectively motivate teachers to increase student achievement, schools should utilize pay-for-performance systems in the short term. In the long term, however, rewarding an increase in performance with pay may not be sustainable. Rather, more fundamental changes must be made, such as raising teachers’ salaries...
...Though the numbers for the fiscal year 2008 have not been finalized yet, Bailey said that the Health Alliance was hit especially hard this year with an annual $13 million in additional expenses to be tacked on under a new accounting rule, which requires public employers to record costs for post-retirement benefits. Bailey declined to release additional figures as an audit has yet to be completed, but stated that without the $13 million tag, the Health Alliance would have been on “very solid footing...
Though Harvard’s endowment has posted strong returns amid the global financial crisis, the University’s finances may still be affected by the frozen credit markets. Harvard had issued more than $1.5 billion in variable-rate bonds as of the end of the 2007 fiscal year, according to the University’s annual financial report. These bonds have the potential to become costly for the University because of their volatility in the current turmoil. Interest rates on variable-rate bonds have soared as investors demand higher rates of return on these securities in the face...
...that the bearded, gravelly voiced President has been a revelation. When he was first elected in 2002, many U.S. experts on Latin America worried that he and his leftist Workers Party would trash Brazil's economy by pursuing socialist and populist policies. But Lula stuck to the market-oriented fiscal reforms of his predecessor, Fernando Henrique Cardoso. Those policies, plus a windfall from high global prices for Brazilian products like soybeans and steel, helped Lula tame the country's notorious hyperinflation and create a boom - growth will be 5% or more again this year...
...Fiscal Year 2009, we expect to see a continuation of the process of financial market de-leveraging,” the managers wrote, referring to the increased difficulty of borrowing. “This process will likely create periods of disruption and market volatility...