Word: fiscal
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...effort to boost America's hog farmers - who have identified themselves as the forgotten casualties of the H1N1 swine-flu epidemic and asked Washington for financial help - the Agriculture Department announced last week a $30 million purchase of surplus pork. That brings the federal total of pork purchases for fiscal 2009 to about $150 million, or close to $100 million more than last year's figure for the same period. During a Sept. 10 morning press conference, Secretary of Agriculture Tom Vilsack also said he would work with fellow Cabinet secretaries in the Defense, Justice and Education departments to encourage...
...consortium of governors from nine pork-producing states sent separate letters to the Agriculture Secretary requesting assistance. The council asked the USDA to lift the $300 spending cap on pork products for government food programs, and to spend at least an additional $150 million on pork products during fiscal year 2009; the industry also asked for $100 million to help survey herds for H1N1. In a similar letter from state governors, lawmakers requested that the government urge overseas markets to start buying U.S. pork again, and Vilsack said he would lean on the international trading partners who haven...
Harvard’s invested endowment assets took a 27.3 percent hit this past fiscal year, amidst an economic maelstrom that Harvard Management Company CEO and President Jane L. Mendillo called “very likely the most challenging period in modern times for the financial markets as well as for the Harvard portfolio...
Absolute return investments, which include some externally managed funds and made up 18 percent of the portfolio at the start of the last fiscal year, fell by 18.6 percent, or 5.4 percent more than the benchmark set by HMC’s board. The value of externally managed private equity holdings, representing 13 percent of the portfolio, dropped by a staggering 31.6 percent—nearly 8 percent more than the benchmark...
...even with federal assistance, the California fiscal crisis - and in particular July's $1.9 billion raid on local government finances to help balance the state budget - could threaten the system of mutual aid between fire departments across the state. For example, several fire departments in northern California went south to help out with the Angeles National Forest blaze. As the fire season continues, however, budget cutbacks may force some local fire departments to stop participating in mutual aid. "Local agencies may have no choice but to hold back. A fire department's first responsibility is to protect the home front...