Word: fiscal
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...comparison to the overall size of our University-wide staff, but nonetheless painful"—caps weeks of swirling speculation that Harvard would seek to conduct layoffs shortly after Commencement activities. The downsizing is one of the most prominent budget-cutting measures to date following a semester of fiscal anxiety that has seen the trimming of student services, the curtailing of capital projects, and the implementation of a sweeping early retirement incentive program for staff...
...danger of electoral wipeout, although that possibility is very real. The center-left consensus that has shaped Britain since Labour swept to power under Blair in 1997 is disintegrating, and the New Labour project that created it - the potent mix of idealism and pragmatism, of social-democratic aspirations and fiscal conservatism, of commitment to equality and opportunity - needs a radical overhaul. The big question: Can Labour recast itself, delineate a new identity and purpose? Or is this party, like the parrot in the Monty Python sketch, definitely deceased? (Read "European Elections: A Blow to Brown, Boost for Merkel...
Much of this is still heresy to the party as it stands now. Many will support an alternative strategy: stand pat, fight it out on fiscal issues on which the GOP has strong support and exploit liberal-Democrat excess. In the short term, that could work, but eventually the demographics will win out. Saving the GOP is not about diluting conservatism but about modernizing it to reflect the country it inhabits instead of an America that no longer exists...
...chief Jane L. Mendillo has told University administrators to plan for a 30 percent decline in the endowment for the fiscal year ending June 30, although she has long stated that the decision to restructure HMC was made independently of the massive endowment losses...
According to Harvard's year-end financial report from 2008, HMC had over $7 billion invested in fixed-income assets as of June 30. Those assets included nearly $2 billion worth of domestic bonds—which had produced returns of 16.1 percent for that fiscal year, beating the HMC board-approved benchmark of 12.7 percent—as well as foreign bonds, inflation-indexed bonds, and high-yield bonds...