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Faculty of Arts and Sciences Dean Michael D. Smith announced that the University’s largest school has closed half of its two-year $220 million budgetary gap at an open forum yesterday...
...bigger issue is a looming gap in fiscal year ’11,” Smith said yesterday, adding that he has entrusted FAS’ six working groups with the task of recommending budget cuts for the two-year period...
...Pharmaceutical companies would also, per an agreement struck with the Obama Administration earlier this year, cut name-brand-drug costs 50% for Medicare Part D recipients stuck in the "doughnut hole," the gap in prescription-drug coverage that exists once seniors' drug costs for the year exceed a certain amount ($2,700 in 2009). This provision would go into effect in 2010 and is expected to cost drugmakers $80 billion over 10 years. (Part D beneficiaries who get low-income subsidies, are enrolled in a retiree drug plan or earn more than $85,000 would not be eligible...
...endowment, leaving us with less income to fund operations this year and for years to come. So what’s the answer? As I mentioned, one answer is to spend more from the endowment—to thin the herd—so that we can bridge the gap between annual income and annual expenses...
...this year. Spain has been battered by the crunch--nearly 1 in 5 adults, and 38.4% of citizens under the age of 25, are jobless--while the Netherlands has weathered the downturn nicely, with just 3.4% of its residents out of work. Analysts say the figures underscore the growing gap between more economically stable euro-using countries, such as France and Germany, and more vulnerable members, like Italy and Ireland...