Word: fiscal
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...difficulty for China's central-bank chief, Zhou Xiaochuan, is that the country lacks reliable statistics on which to base economic projections and policies. "They're driving at night without good headlights," says Stephen Green, Shanghai-based economist with Standard Chartered. Another problem is that monetary and fiscal policies are intimately tied up with politics. For example, Chinese President Hu Jintao's centerpiece program of building a "harmonious society" by raising wages and improving state services such as health care for poorer workers plays well with the masses, but may undermine efforts to contain inflation. "As low-income earners enjoy...
...staggering sum to be sure, but a mere 0.3 percent of Harvard’s 34.9 billion endowment. Even looking at only growth from the endowment, the total cost of eliminating tuition would only be 1.8 percent of the 5.7 billion increase in the endowment in the most recent fiscal year. But even if Harvard were able to eliminate tuition, the issue remains complex. Some experts wonder if a tuition-free model would even be a good thing at a place like Harvard, and the effects of the system at tuition-free Olin aren’t what you might...
...vetoing the bill. The President, in only his fourth veto in nearly 7 years, claimed that the proposal would be too expensive and might encourage those families covered by private insurance to switch to the governmental program. The former is simply a reflection of Bush’s misplaced fiscal priorities, the latter a statement of his lack of concern for working families and his irrational hatred for the public sector. A program such as SCHIP, designed to save families money on health care, cannot be criticized for achieving those goals. Bush also took issue with the possibility?...
...They were battling on those fronts this week. Giuliani's folks have been dropping hints that Romney is weak on fiscal discipline, in part to strengthen their position in tax-obsessed New Hampshire. Romney, still ahead but slipping in the Granite state over the summer, has fired back with a radio ad noting that he alone has signed the no new taxes pledge. "I'm proud to be the only major candidate for President to sign the tax pledge," he says, "The others have not." Romney goes on in the ad to make another promise: he vows not merely...
According to the Harvard Development Office, during the fiscal year of 2006, Harvard University received $614 million in gifts. Out of this, $278 million constituted gifts to the endowment, which totals roughly $35 billion...