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Furlough
A furlough (; from , "leave of absence") is a temporary cessation of paid employment that is intended to address the special needs of a company or employer; these needs may be due to economic conditions that affect a specific employer, or to those prevailing in society as a whole. Furloughs may be short-term or long-term. They are also known as temporary layoffs. United States US federal government In the United States, involuntary furloughs concerning federal government employees may be of a sudden and immediate nature. Such was the case in February 2010, when a single United States Senate objection prevented emergency funding measures from being implemented. As a result, 2,000 federal workers for the Department of Transportation were immediately furloughed as of March 1, 2010. The second-longest such shutdown was December 16, 1995, to January 6, 1996, which affected all non-essential employees, shutting down many services including National Institutes of Health, visa and ...
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Government Shutdown
A government shutdown occurs when the legislative branch does not pass key bills which fund or authorize the operations of the executive branch, resulting in the cessation of some or all operations of a government. Government shutdowns in the United States have occurred periodically since 1980, and are the result of failure to pass appropriations bills before the previous ones expire. Shutdowns of the type experienced by the United States are nearly impossible in other forms of government. The most recent shutdown happened in December 2018. * Under the parliamentary systems used in most European nations, stalemates within the government are less likely, but the executive must maintain the approval of the legislature to remain in power (confidence and supply), and typically an election is triggered if a budget fails to pass ( loss of supply). * In other presidential systems, the executive branch typically has the authority to keep the government functioning even without an app ...
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Leave Of Absence
The labour law concept of leave, specifically paid leave or, in some countries' long-form, a leave of absence, is an authorised prolonged absence from work, for any reason authorised by the workplace. When people "take leave" in this way, they are usually taking days off from their work that have been pre-approved by their employer in their contracts of employment. Labour laws normally mandate that these paid-leave days be compensated at either 100% of normal pay, or at a very high percentage of normal days' pay, such as 75% or 80%. A furlough is a type of leave. There are many subcategories of paid leave, usually dependent on the reasons why the leave is being taken. Sick leave is normally compensated at 100% of pay, while other types of leave are often more restrictive, such as only compensating a certain percentage of normal pay, or as regards paid holidays, which in some countries are granted automatically by national governments, such as in most European Union countries, and ...
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Federal Deficit
The "national debt of the United States" is the total national debt owed by the federal government of the United States to treasury security holders. The national debt at a given point in time is the face value of the then outstanding treasury securities that have been issued by the Treasury and other federal agencies. Related terms such as "national deficit" and "national surplus" most often refer to the federal government budget balance from year to year and not the cumulative amount of debt held. In a deficit year, the national debt increases as the government needs to borrow funds to finance the deficit. In a surplus year, the debt decreases as more money is received than spent, enabling the government to reduce the debt by buying back Treasury securities. Broadly, US government debt increases as a result of government spending and decreases from tax or other funding receipts, both of which fluctuate during a fiscal year. The aggregate, gross amount that Treasury can bor ...
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Gannett
Gannett Co., Inc. ( ) is an American mass media holding company headquartered in New York City. It is the largest U.S. newspaper publisher as measured by total daily circulation. It owns the national newspaper ''USA Today'', as well as several local newspapers, including the ''Austin American-Statesman;'' ''Detroit Free Press''; ''The Indianapolis Star''; ''The Cincinnati Enquirer''; ''The Columbus Dispatch''; ''The Florida Times-Union'' in Jacksonville, Florida; Tallahassee Democrat, ''The Tallahassee Democrat'' in Tallahassee, Florida; ''The Tennessean'' in Nashville, Tennessee; ''The Daily News Journal'', in Murfreesboro, Tennessee; ''The Courier-Journal'' in Louisville, Kentucky; the ''Democrat and Chronicle'' in Rochester, New York; ''The Des Moines Register''; the ''El Paso Times''; ''The Arizona Republic'' in Phoenix, Arizona;'' The News-Press'' in Fort Myers, Florida; the'' Milwaukee Journal Sentinel''; the ''Argus Leader''; ''the Pueblo Chieftain''; and the ''Great Fall ...
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Austerity
In economic policy, austerity is a set of Political economy, political-economic policies that aim to reduce government budget deficits through Government spending, spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to Government debt, borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing government revenues closer to expenditures. Proponents of these measures state that this reduces the amount of borrowing required and may also demonstrate a government's fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result. In most macroeconomic models, austerity policies which reduce government spending lead to increased unem ...
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Georgia Board Of Regents
The Georgia Board of Regents oversees the University System of Georgia as part of the state government of Georgia in the United States. The University System of Georgia is composed of all state public institutions of higher education in the state. The Board of Regents also preside over the Georgia Public Library Service. History The Board was organized on January 1, 1932, to create centralized control over all member institutions. The Board marked the first period that public institutions of higher education were governed and managed under a sole authority. The governor appoints members of the Board, each of whom serve seven years. Today the Board of Regents is composed of 19 members, five of whom are appointed from the state-at-large, and one from each of the state’s 14 congressional districts. The Board elects a chancellor who serves as its chief executive officer and the chief administrative officer of the University System. Governing authority The Board oversees 26 instit ...
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University System Of Georgia
The University System of Georgia (USG) is the government agency that includes 26 public institutions of higher learning in the U.S. state of Georgia. The system is governed by the Georgia Board of Regents. It sets goals and dictates general policy to educational institutions as well as administering the Public Library Service of the state which includes 58 public library systems. The USG also dispenses public funds (allocated by the state's legislature) to the institutions but not the lottery-funded HOPE Scholarship. The USG is the sixth largest university system in the United States by total student enrollment, with 344,392 students in 26 public institutions as of 2023. USG institutions are divided into four categories: research universities, regional comprehensive universities, state universities, and state colleges. The system designates four institutions as "research universities": Georgia Institute of Technology, University of Georgia, Augusta University, and ...
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California
California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an international border with the Mexico, Mexican state of Baja California to the south. With almost 40million residents across an area of , it is the List of states and territories of the United States by population, largest state by population and List of U.S. states and territories by area, third-largest by area. Prior to European colonization of the Americas, European colonization, California was one of the most culturally and linguistically diverse areas in pre-Columbian North America. European exploration in the 16th and 17th centuries led to the colonization by the Spanish Empire. The area became a part of Mexico in 1821, following Mexican War of Independence, its successful war for independence, but Mexican Cession, was ceded to the U ...
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California State University
The California State University (Cal State or CSU) is a Public university, public university system in California, and the List of largest universities and university networks by enrollment, largest public university system in the United States. It consists of 23 campuses and seven off-campus centers, which together enroll 461,612 students and employ 63,375 faculty and staff members. In California, it is one of the three public higher education systems, along with the University of California system, University of California and the California Community Colleges systems. The CSU system is officially incorporated as The Trustees of the California State University, and is headquartered in Long Beach, California. Established in 1960 as part of the California Master Plan for Higher Education, the CSU system has its roots in the California State Normal Schools that were chartered in 1857. It holds the distinction of being the leading producer of bachelor's degrees in the country, wit ...
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Intel
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California, and Delaware General Corporation Law, incorporated in Delaware. Intel designs, manufactures, and sells computer components such as central processing units (CPUs) and related products for business and consumer markets. It is one of the world's List of largest semiconductor chip manufacturers, largest semiconductor chip manufacturers by revenue, and ranked in the Fortune 500, ''Fortune'' 500 list of the List of largest companies in the United States by revenue, largest United States corporations by revenue for nearly a decade, from 2007 to 2016 Fiscal year, fiscal years, until it was removed from the ranking in 2018. In 2020, it was reinstated and ranked 45th, being the List of Fortune 500 computer software and information companies, 7th-largest technology company in the ranking. It was one of the first companies listed on Nasdaq. Intel supplies List of I ...
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Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions”
United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009.
The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ...
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COVID-19 Pandemic In The United States
On December 31, 2019, China announced the discovery of a cluster of pneumonia cases in Wuhan. The first American case was reported on January 20, and United States Department of Health and Human Services, Health and Human Services Secretary Alex Azar declared a Public health emergency (United States), public health emergency on January 31. Restrictions were placed on flights arriving from China, but the initial U.S. response to the pandemic was otherwise slow in terms of preparing the healthcare system, stopping other travel, and COVID-19 testing in the United States, testing. The first known American deaths occurred in February and in late February President Donald Trump proposed allocating $2.5 billion to fight the outbreak. Instead, Congress approved $8.3 billion and Trump signed the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 on March 6. Trump declared a State of emergency, national emergency on March 13. The government also purchased lar ...
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