Word: stagnantly
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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...
...Both for locals and for visitors from abroad, nothing seems to symbolize India's transformation from a stagnant third-world country into an emerging economic super-power as much as its sparkling new malls. American brand names like Levi's and McDonald's clutter the air-conditioned interiors, teenagers in low-cut jeans hang out in groups, cappuccino is sold at kiosks, and everyone appears to be having a great time. Eager to cash in, India's real estate developers are in a frenzy: up to 600 malls are likely to be up and running in India...
...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...
...Engine Trouble Blaming high German labor costs and a stagnant auto market, Volkswagen said it could cut 30,000 jobs unless employees accept a two-year pay freeze...