Word: surpluses
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...state politics, business, labor and California's 1.5 million-member state and local bureaucracy, contend that it would lead to mass layoffs of teachers, police and firemen. Backers of Jarvis-Gann say that the warnings are preposterous and that the state is already running a $3.5 billion surplus that would soften the actual cutbacks to little more than moderate retrenchments...
...investments. In addition to setting up the Harvard Management Company, Bok brought in four new vice presidents, including Hale Champion, to handle financial affairs. Bok also brought in Daniel Steiner '54 to be general counsel to the University. Last year the University showed a small but welcome budget surplus, and according to Putnam the Harvard portfolio is one of the most well-managed and carefully-watched of al university portfolios. The current annual rate of return on the market value of Harvard's endowment is 5.2 per cent, which may not outrun inflation, but is still considered respectable in institutional...
...Fred Jewett '57 was a man with a problem. As dean of Harvard admissions and with only four days until final decisions were to be mailed out, he found himself with a surplus of 25 admitted students...
...large surplus "does seem like inefficiency," Lyman said, adding that she does not know under what circumstances the underspending took place...
...federal government has reduced its grant to Radcliffe's National Direct Student Loan (NDSL) program for '78-'79 by about 45 per cent, because the Financial Aid Office underspent NDSL funds in '76-'77, leaving a $51,000 surplus, Martha C. Lyman, acting director of financial aid, said yesterday...