Word: budgeting
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...that Beth Israel’s two percent, $18 million operating margin for fiscal year 2009 “has disappeared,” partly due to an unexpectedly $7 million cut in state-sponsored Medicaid, which accounted for nearly a third of Beth Israel’s operating budget. Levy said that the hospital is prudently slowing down how quickly they spend their grants. Furthermore, slowed spending of federal research grants has resulted in another $5 to $8 million in revenue shortfall for the hospital. Levy said that because researchers are stretching their grants into the first quarter...
...more business at lunch,” said Executive Chef Peter W. Davis of Henrietta’s Table. “[We’re seeing] more entertaining business at lunch and companies shifting entertaining to lunch more.” Om Restaurant and Lounge has noticed corporate budget cutbacks, with companies opting for cocktail parties over fancy dinners to celebrate the holidays. “A lot of companies scaled back on their holiday parties,” Event Coordinator Leah E. Horgan said. “For a lot of the bigger companies, they didn?...
...Sunday, the finance minister is expected to submit a revised budget for 2009 which will assume an average oil price of $41 per barrel, down from the original $95. Despite the massive drop in oil revenues that represents, the new budget will boost spending by $13.99 billion to $262.8 billion, allowing the government to maintain social and defense spending while bailing out banks and industry. (See 10 things to do in Moscow...
...former inmates. Fortune offers help on all fronts to those lucky enough to win one of 70 beds in its granite-stone facility in West Harlem known as the Castle - a former Catholic girls' school, yeshiva and onetime crack house. Though the organization is dealing with its own budget cutbacks, it recently broke ground for a $43 million mixed-use building right next door, which will have 114 units. As more ex-cons re-enter society, the Fortune Society expects it will soon be working with about 5,000 people a year, up from about...
...center of this strategy, as its linchpin, is the President, who has positioned himself not as the author of the new health plan, but as its mediator, facilitator and, if needed, as the taskmaster who intends to keep everyone on track. In his recently proposed budget, and on the campaign trail, Obama proposed the vague outline of a policy solution, including nearly $630 billion in new spending on health care in the short term, which would be coupled with long term cuts in the growth of medical costs. But he told leaders Thursday afternoon that he is not wedded even...