Word: gaps
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Dates: during 2000-2009
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There's a yawning gap, though, between the recessions of the 1970s and 1980s - when gross domestic product fell 2% to 3% and the unemployment rate rose 4 percentage points - and the conditions of the early 1930s. During the Great Depression, the economy shrank more than 26% over four years. The unemployment rate rose from about 2% to 25%. There are a lot of good reasons - the activism of the Federal Reserve, payments from Social Security and unemployment insurance that act as economic stabilizers, and the incoming Administration's plans for big-time fiscal stimulus - to think that...
...would ever be able to afford to reduce their carbon emissions at the rate scientists believe is needed to avert dangerous climate change. (Rich nations are another matter, but it is developing nations like China and India that will be responsible for the bulk of future carbon emissions.) The gap between the world's ambitious goals to cut carbon emissions in half by midcentury and the reality of where it is now seems to grow every day. (See TIME's special report on the environment...
...current model of endowment development, which is highly dependent on alumni-giving, further widens the gap between richer and poorer institutions, because wealthy universities tend to engender wealthier alumni who can give a bigger pay-back. As non-profits, universities are unbridled forces on the stock market. With no obligation to plow resources back into federal and local services, or even to spend a fixed percentage of earnings, these universities vacuum up philanthropic impulses without creating widespread good...
...part of the gap that the Faculty is unable to make up will come out of the FAS reserves, which stood at $138 million on July 1, but are largely invested in the now-deflated endowment...
...going to, first and foremost, try to explain how we arrive at this gap of $100 to $130 million dollars,” Smith said...