Word: fiscal
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While Stock blamed the Bush administration and Department of the Treasury for clumsy fiscal management of the economic crisis, he described Bernanke’s aggressive monetary policies as having “a strong theoretical foundation” and being “the right way to pursue the problem...
...that prompted Granholm, a Democrat, to seize control of Detroit's public schools in the fall of 2008 and then look for someone to fix them. After a wide search, she settled on Bobb, who had a reputation for restoring fiscal sanity to city governments - including managing public-school-system budgets. When Bobb arrived last spring, here's what he found: Contracts had been stuffed in office drawers. The district couldn't afford new books. Gas was siphoned between buses. The district had to borrow money to pay its employees. There wasn't even a chief financial officer managing...
...sensitive to the fact that Congress has its prerogatives. We're trying to nudge them in the direction of rationalizing our transportation knowledge - particularly in a time of fiscal constraint. And by the way, that's a principle that's going to apply, Joe, to all of government. You mentioned earlier the pivot that we have to make. It's not driven by politics. We had to do what we had to do last year, whether it was politically popular or not. Now that we have begun the recovery process and the economy has stabilized, we have to deal with...
...would spend $176 billion on reconstruction by 2011. (The total recovery cost is estimated at $250 billion.) As of last June it had already spent more than $50 billion. Some of the expenses have been shouldered by other parts of China. Twenty provinces have set aside 1% of fiscal revenues for two years to help rebuild Sichuan. That's another advantage that China has over Haiti. As a large nation with a rapidly growing economy, it can divert money from more prosperous areas to aid one devastated region...
During the fiscal year ending in 2008, University President Drew G. Faust took home $693,739—a salary that makes Faust the 56th highest paid university president in the country...