Word: fiscal
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...grant money. Last year, Harvard received $651 million in donations. If donations to Harvard were not tax-deductible, this number would be a small fraction of this total. According to Harvard’s Office of Government, Community, and Public Affairs, Harvard received $535 million in federal grants in fiscal year 2008 that accounted for 82 percent of Harvard’s research revenue. Under the federal stimulus package, federal grants to Harvard are expected to increase considerably. Non-federally funded research is made possible through tax deductions on donations made by corporations and foundations...
...website will be the portal for the reporting of further progress and the collecting of broad community input. These recently announced changes to programs and services were the result of a cost-saving effort involving all units of FAS, launched as we began the process of budgeting for fiscal year...
...programs, and to continue to squeeze them would simply “cut into bone.” We must look at each major area of the FAS and decide what excellence for the future will look like, within a budget driven by our new fiscal reality. Only then can we decide where to make further reductions and where to apply incremental resources...
...doing just fine. Tadashi Yanai, a cheap-chic guru and head of Fast Retailing, which owns Uniqlo, is now Japan's richest man, according to Forbes magazine. While most retailers are seeing same-store sales drop between 5% and 15%, Uniqlo's same-store sales rose 2.9% for fiscal year 2008 and 12.9% in the six months to February this year. "Uniqlo is the only big winner so far," says Murata of Credit Suisse, who thinks that for non-Japanese fast-fashion companies such as Forever 21 and H&M to succeed against Uniqlo they will have to pay more...
...rest of the world suffers serious economic damage," says Sanjoy Bhattacharya, a partner at Fortuna Capital, an offshore hedge fund. Tough challenges remain for India's economy, too, notes Sharma. "Just because there's been a good weekend doesn't mean you can forget all our problems of fiscal deficit and lack of infrastructure growth," he says...