Word: fiscal
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From a broader perspective, this entire lamentable situation was not unforeseeable. California’s dysfunctional political system, which leads to constantly rising spending that is rarely accompanied by tax increases, is the primary culprit. Issues like the tuition hikes in the UC system are the symptoms of poor fiscal practices that must be corrected if the welfare of California residents is to be preserved. The inability to implement taxation that keeps pace with spending is crippling California. If Californians are sincere about avoiding problems like the tuition debacle in the UC system, they must address the root cause...
According to Bloomberg, the value of Tufts’ endowment fell by 25 percent this past fiscal year, from roughly $1.5 billion to $1.1 billion, after accounting for gifts and payout. Bacow suggested in the article that Tufts would avoid putting money in hedge funds, which he compared to “black boxes,” requiring investors to relinquish control of assets and put their trust in external managers...
...easy to believe that it had been blown away by the gale of optimism and self-confidence that India's leaders now routinely display. Though India's boom has been tempered by the global economic crisis, Prime Minister Manmohan Singh told the summit that he expected growth in fiscal year 2009-10 to reach 6.5% - hardly shabby - before recovering in the medium term to the 8% to 9% that was seen in the years before...
...Less than 2% of it had gone to black-owned businesses. Florida's Department of Transport doesn't have a specific DBE participation target for stimulus-related projects, but it says it exceeded its goal of more than 8% for all federally funded (not just stimulus) work in the fiscal year that ended Sept. 30. Still, given that Florida's workforce is about one-third minority, watchdogs like the MWC suggest the target should be higher...
...Obama Administration insists that 15% of the stimulus contracts awarded so far across the country have gone to DBEs. That's 2½ times the share of federally funded projects that went to minority- and women-owned firms in fiscal 2008, say officials. "It's a top priority of the President's, and we've worked very hard to create those opportunities," says David Hinson, director of the Commerce Department's Minority Business Development Agency (MBDA). Hinson points to the outreach program the MBDA and the Small Business Administration have created to "put boots on the ground" and make contract...