Word: stagnantly
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Dates: during 2000-2009
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...dream job would be to work in all different cities, to never become stagnant in the type of work that I do,” he explains...
Even as the endowment continued to increase last school year, the Faculty of Arts and Sciences (FAS) faced down the possibility of years of deficit spending because of a stagnant endowment payout. Then, in a seeming reversal, the Harvard Corporation relented and increased the FAS endowment payout first by 2 percent, then later by 4 percent. This year, the University is again warning that it might have to forgo any increase in endowment payouts, though this seems particularly extreme considering what a wildly successful year Harvard’s investments...
...payments over time so that FAS does not be left wondering whether the Corporation will increase its payout at the last minute. Harvard’s various schools should never have to guess whether there will be an increase in their funding or whether the payout will remain stagnant. This is not to say that the University should spend money with reckless abandon; Harvard’s cautious approach has yielded impressive results in terms of sheer wealth generation. It seems reasonable, though, that with an endowment as massive, successful and well-managed as Harvard’s, the University...
...faced severe budget constraints in recent years, with ambitious projects in Allston leaving it with a heavy tax burden and a stagnant economy hurting donation numbers. In 2003’s annual letter to the Faculty, Kirby referred to a “period of greater financial constraint,” which has seen budget cuts and layoffs across the University...
...BOTTOM LINE Economists doubt that either plan would stimulate the economy or generate jobs. The wealthy are spending what they want to, explains Beth Ann Bovino, economist at Standard & Poor's, while everyone else is struggling with higher prices and stagnant wages. Both candidates draw fire for ignoring what their tax plans will do to the deficit. "This is a gigantic time bomb," says David Bradford of Princeton University. As with any business, when the Federal Government runs in the red, borrowing gets more expensive. The result? Interest rates could rise, and in the long run, the government would find...