Word: news
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Dates: during 2000-2009
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...effort to right itself after news of a precipitous drop in the University's endowment, Harvard officials offered early retirement packages to staff in February to push back the possibility of layoffs. The plan, available to staff over 55 who have worked at the University for over 10 years, was implemented in two phases, first at the Faculty of Arts and Sciences and Harvard Medical and Dental Schools and then at the remaining schools. Roughly 530 employees accepted early retirement incentive packages this spring, exceeding the University's expectations, but Harvard was forced to lay off 275 employees in June...
...Dean Michael D. Smith announced in November that he will shrink the number of professors in the Faculty of Arts and Sciences, ending a decade-long expansion in order to offset the school’s $110 million deficit. The news was followed by faculty retirement plans at FAS as well as four of the University's graduate schools...
...atmosphere of financial doom and gloom that persisted from the previous year. In March, Harvard announced that the payout from the endowment would decline by 8 percent in dollar value for the fiscal year ending in June 2010, and projected another 8 percent fall from 2010 to 2011. The news came as a surprise, especially since it marked a significant departure from expectations in the previous fall for scenarios ranging from a flat payout to a 2 percent decline in dollar value. In September, Harvard announced that its invested endowment assets took a 27.3 percent hit in the past fiscal...
...culture of budget trimming: “This stinks of rhetoric—the whole Web site does," as one student eloquently stated at a subsequent town hall meeting. In September, Smith announced that FAS had cut about half of its $220 million projected annual deficit, heralding some good news to pierce what had been an unwieldy fiscal maelstrom for the earlier part...
...sets over the coconut palms and tin roof homes on the remote tropical island of Yap, Tony Untalan anxiously adjusts the radio on his windowsill. He is trying to catch the news from Afghanistan, where one of his two sons in the U.S. military is stationed. But the reception in his village is poor and on this evening, he can't hear anything through the static...