Word: year-to-year
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...million program is being funded with about $13 million from the Harvard Campaign fund drive and through borrowing, which is repaid through incremental raises in student room rents. With interest rates declining and construction costs generally rising from year-to-year. College officials said it is more sensible to complete the repairs as soon as possible...
...State faculty are hired on a part-time or year-to-year basis. Cal State has also been shaken by the same troubles as public institutions elsewhere. The state legislature provides starvation rations while the Federal Government has cut back...
Like most Great Society efforts, Follow Through survived on a year-to-year basis, largely because concerned parents lobbied for its funding. This fall, at their annual conference in Ypsilanti, Mich., Follow Through directors were glum. Though this year's program managed to survive Reaganomic budget cutting and win authorization for $45 million for fiscal 1982, federal money is due to dry up in 1984. When the states take charge of federal funds through block grants, Follow Through may fall by the wayside...
Financially speaking, most U.S. opera companies-like most U.S. arts institutions of any kind-are built on a sort of San Andreas fault. Each year they can expect some crevasse to open up between income and expenses. This gap can be filled in on a year-to-year basis through contributions. But for shoring up the foundation over a longer period, there is nothing like an endowment: a large chunk of money tucked away in solid investments. The annual income from the investments (nowadays from 8% to 10%) cushions deficits, while the principal provides a hedge against...
Compared with a year ago, to be sure, profits still look bad. Citibank calculates that second-quarter earnings of the 1,331 firms in its survey fell 17% below a year earlier (see chart); manufacturers were down 22%. Scruggs predicts that for all of 1975, corporate earnings will sink 20% to 25% under 1974-the most severe year-to-year drop since...