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In an interview, Zeder, who has collaborated with Miller, sympathized with the museum's plight but argued that while the museum has presented the cuts as a solution to a short-term budget shortfall, "it seems to me counterintuitive to take measures that have a permanent impact on just the thing you're trying to save".
Over the coming year, the government will borrow around $110 billion to fund its revenue shortfall; it plans to front load most of the borrowing in the first six months.
Two years ago the ENO was in serious financial trouble, posting a loss of £2.2m, a shortfall it covered from its reserves.
Considering that housing is the city's biggest shortfall, it's ironic that unbridled construction is indisputably its biggest problem.
"Each of the backstops - Co-op Bank itself, KPMG as its auditor and the FSA as its regulator - failed to uncover the bank's capital shortfall," it said.
To deal with this shortfall, it proposes doing … nothing.
Similar(17)
Without a clear way of filling any capital shortfalls it identifies, the ECB will be tempted to pull its punches.The problem of money runs through Europe's new banking architecture.
Greece is carrying too much debt and running shortfalls it can't afford.
Meanwhile, the Bank of England put some numbers on the capital shortfalls it has found at British banks.
Staff dysfunction, financial shortfalls — it's a wonder she held on as long as she did.
"The system has shortfalls; it disgusts me that it's a postcode lottery," says Little of physiotherapy in care homes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com