Word: downturn
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Kirwan said that FAS will use some of its financial reserves to cushion the persistent effects of last year’s economic downturn. In June 2009, the University announced that FAS eliminated 77 staff positions and reduced work hours for another 15 employees, and 156 FAS staffers took the early retirement package...
When it comes to the international stage, it’s difficult to measure the effect of the economic downturn on students’ decisions to either go abroad or stay close to home. “The changes in the economy have touched all parts of the globe with some countries experiencing unemployment rates better than, similar to, or worse than the U.S.,” says Saunders
...have tried to be as open as possible in explaining how the downturn has had an impact on our financial capacities and how it has forced us to reconsider the speed and nature of our aspirations,” Faust said...
...truth is, insuring against future catastrophe is hardly a foolish idea. Putting away at least some of the funds raised in the U.K. or U.S. makes sense. After all, almost all the big lenders who received cash from the U.S. Troubled Asset Relief Program in the current economic downturn have since paid it back. Britain's government, meanwhile, could yet turn a profit by selling stakes in its own partially nationalized lenders. (See 25 people to blame for the financial crisis...
Panelists at the Harvard Extension School’s 100th-anniversary symposium yesterday reflected both on the consequences of the economic downturn and offered forward-looking visions of what recovery should look like...