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...Semonoff said she worried that although the budget cuts to the Department of Human Services are small in proportion to the city budget as a whole, reduction of services provided by DHS—among them mental health and day treatment programs—would have a large impact on Cambridge and surrounding communities. She also pointed out that in this time of fiscal downturn, the employees of human service agencies are worried about the security of their own jobs. “The very agencies that help people with the myriad of issues they face are struggling themselves because...
...letter to the Harvard community Monday, Faust wrote that the turbulent economic climate will impact the University’s finances, but that administrators have not yet laid their plans to mitigate the effects of the financial crisis. Because all three of the University’s primary sources of revenue—endowment income, donations, and tuition—are expected to take a hit, Faust said that the University will be tightening its belt and determining which initiatives to maintain or to scale back, and if necessary...
...though it only seems like 80 cents, that stuff adds up really, really quickly—a burger isn’t just the beef. We work on low margin of profit and economies of scale; we rely on selling a lot of sandwiches, so it has a huge impact on us.” Felipe’s owner Tom Brush also noted the extraordinary price spikes of everything from dairy to flour products in the past six months, but said he has seen a softening of costs in recent weeks. While he said Felipe?...
Iraq: "Responsible" Withdrawal Iraq votes twice in 2009, with provincial elections in January and national elections slated for the end of the year. And the outcome of those votes could have a major impact on the security conditions on the ground in Iraq, which will affect the calculation of Obama's plan to withdraw "responsibly" from Iraq within 16 months...
...Despite the stock market's euphoric reaction and the positive reviews by analysts, economists warned that the effects of the measures will take time to work through the system, with the largest impact not likely to be felt until 2010. "I think that we'll see a couple of weak quarters in 2009," Simpfendorfer says. While the size of the package was welcome, "it's the speed of its implementation that is really important," he says. "My concern is that the contraction in demand will take place before the fiscal policies have time to take effect." To an economy heavily...