Word: fiscal
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...rhetoric about an improving fiscal climate, many of the changes mentioned at yesterday’s Faculty meeting—such as the faculty retirement package and a potential overhaul of the library system—were connected to streamlining budgets...
...Great Recession. Belt-tightening, whether it's imposed by job loss or financial insecurity, is de rigueur. The savings rate is 4.4%, up from its 2007 rock-bottom level. Book publishers are hurrying to catch up with the rediscovered restraint. Three authors with new books are eager to restore fiscal conservatism to its proper, vaunted role. Being thrifty has become a badge of honor...
...capitalist, and Bill Clinton, would give households anywhere from $2,000 to 4,000 to pay for weatherization projects. This stimulus is beautifully effective—homeowners are incentivized to carry out renovation projects that generate job growth and create more environmentally friendly homes. By combining green initiatives with fiscal stimulus, Obama’s proposal kills two important birds with one stone...
However, many of these proposals are funded through money that is already legislated for use, and, given the economic realities of the moment, encouraging job growth is far more important than fiscal prudence. The government should look to break the grip of the recession and reject calls to curb necessary domestic spending...
...Harvard Corporation's decision, which comes just months after the University announced that its endowment dropped an unprecedented 30 percent last fiscal year, was based on the “altered financial landscape of the University, and the wider world,” which “necessitates a shift away from rapid development in Allston,” according to the letter...