Word: fiscal
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...relocate to a high-priced state with a service-economy workforce and troubled schools. "The decisions about relocating high-paying businesses are made by people who value education, and Florida isn't ready for the modern economy," says Graham, the former Senator. New corporate subsides will be a tough fiscal sell. "The politicians have told us: Not if it costs money," says Space Coast economic-development director Lynda Weatherman. The shuttle will be canceled in 2010, and her region may lose 6,000 jobs. "Six thousand one, if I can't figure out how to attract new ones," she says...
Harvard's endowment posted returns of approximately 9 percent through the first 10 months of this fiscal year, according to data from the University. The increase puts the endowment's value at around $38 billion as of this April, up from $34.9 billion as of last June...
Harvard's fiscal year runs from July 1 to June 30, with the most recent one ending on Monday...
...units. (This two percent differential may reflect deductions for management fees or levies on the endowment like the 0.5 percent tax for development of the new Allston campus. A Harvard spokesman was not immediately available for comment on this difference as well as the endowment's returns for this fiscal year...
Prices for commodities—goods such as copper, wheat, or oil—jumped by almost a quarter for the first 10 months of the fiscal year, according to the Dow Jones-AIG Commodity Index. The letter, released last August, estimated Harvard's investment in commodities at 17 percent of the endowment for fiscal year 2008, making it their single largest investment by asset class. That number reflects a near tripling of the share of the endowment invested in commodities since...