The Oregon Symphony has become the latest in a long line of North American orchestras to announce severe fiscal problems and a series of deep cuts to deal with them. Over the past few years, as the American economy has nosedived, the orchestra’s endowment has lost fully 50% of its value. To make up the difference in revenues, Oregon will cut several staff positions, slash salaries, and even reduce the pay of its conducting staff (including legendary outgoing music director James dePriest) by 10%. The ensemble is also asking next season’s guest performers to voluntarily reduce their fees, and although no cuts are immediately being made in the salaries of the orchestra’s musicians, the subject is sure to come up when their contract is renegotiated next year.