Word: nye
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...Kennedy School of Government (KSG) plans to close its Washington office, restrict administrative budgets and decrease new faculty hirings in response to the recent economic downturn and the events of Sept. 11, KSG Dean Joseph S. Nye said in an interview yesterday...
...cost-cutting moves come as the KSG attempts to tighten its financial belt in order to balance its budget. At his annual “State of the School” speech at the ARCO Forum on Tuesday, Nye announced a projected $3 million operating budget deficit for the current fiscal year...
While the school has run planned deficits in recent years—to meet the needs of its extraordinary growth, Nye said—current events have forced a reassessment of its financial outlook...
...When you look at what has happened to the market, you realize that the payout of the endowment is going to be less,” Nye said...
...donations to the school are expected to slow down in the wake of the events of Sept. 11, Nye said...