Word: budgets
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...largest and wealthiest art museum is in no danger of disappearing. But having watched its mighty endowment shrink last year from $2.9 billion to $2.1 billion, its administrators decided a few months ago to cut staff 10%. The Met is not alone. Endowments have shrunk everywhere, and sizable budget cuts have been the rule at museums in Atlanta, Baltimore, Denver, Detroit, Indianapolis, Los Angeles, Philadelphia and San Diego. In February the 35-year-old Las Vegas Art Museum simply gave up and shut its doors for good...
...nation already deeply in debt afford health-care reform too? This question has not gotten nearly the amount of discussion that the public option has, but it's likely to be far more difficult to resolve. That's because under the budget rules, any plan that Congress passes will have to pay for itself within 11 years without adding to the deficit. Passing muster with government bean counters is not the same thing as writing sound health-care policy. While many health-care-reform moves promise big savings in the future for the larger economy, they will require huge...
...June 4 news article "Students Feel the Pinch" incorrectly implied that the fact that a smaller number of student tutors were hired at the Writing Center resulted from a reduction in the Center's budget. In fact, the reduction in new hires only reflected a smaller number of tutors graduating that particular year, according to Writing Center Director Jane Rosenzweig, who said there are no plans to reduce the budget for tutors at the Writing Center...
...reality of the “seismic” crisis meant, at first, a 15 percent budget cut for the Houses. We all worked at it. Then it was a 25 percent cut. House masters feared that next 10 percent would shake the foundations of the House system. What would go? Senior Common Rooms? Faculty-student dinners? House library hours? Modest stipends for fellowships tutors? Arts internships? Masters open houses? Junior parents weekends? Facebooks? Hot breakfasts? Then, when it was suggested that House administrative staff be reduced, we felt the cuts had hit bone. For decades, the Houses have operated...
...Still, there’s more. A unified Democratic government passed a partisan $787 billion stimulus bill and another $410 billion spending bill. After promising to end the Republican tenure of pork-barrel spending, these massive bills included titanic lists of pork projects. The projected budget deficit for the fiscal year 2009 grew to $1.8 trillion, or a shocking and nearly unprecedented 12.3 percent of our gross domestic product. They then proceeded to pass a new record-breaking $3.6 trillion budget for the upcoming year...