Word: fiscal
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...have merchandise like sweet-smelling soaps, stainless-steel garbage cans and extra-fluffy towels. Like most home-furnishing retailers, Bed Bath & Beyond, a $7.2 billion company with more than 1,000 outlets nationwide, has stalled in the recession: same-store sales dropped 4.3% in the fourth quarter of the fiscal year ending in February, while earnings fell...
...Langley said that the University's decentralized decision-making and budget-planning process have made it difficult for the union to gather concrete information about the reductions. He also warned that similar cuts to subcontracted workers will likely continue through the summer and the next fiscal year...
...University officials had originally stated in March that the payout would decrease by 8 percent this coming year and by at least the same amount the following year. Spokesman John D. Longbrake said they have since revised their guidance to suggest a 12 percent decrease for fiscal year 2011, which begins a year from this July...
...only half of that seen at the Faculty of Arts and Sciences. As of June 30 last year, the Kennedy School's endowment stood at $1.1 billion, although University administrators have for months projected a 30 percent decline in Harvard's total endowment over the course of this fiscal year. Current use gifts compose another 20 percent of the Kennedy School's budget—the largest amount at all of Harvard's schools, with the Law School next highest at 12 percent...
...however, that balancing act no longer seems possible. In the state's current fiscal crisis, California's public schools stand to lose $5.3 billion on top of $7.4 billion in cuts last year. Superintendents and school boards foresee teacher layoffs, increased class sizes, the loss of computer labs and libraries and, in some districts, insolvency. Superintendent Ramon Cortines says the Los Angeles Unified School District will lay off more than 2,500 teachers...