Word: afforded
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Dates: during 1970-1979
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...Delaware's Republican Senator William V. Roth sees it, there are three distinct classes in the U.S. where higher education is concerned: l)"the very rich," who can afford the best colleges; 2)"the very poor," who can meet skyrocketing costs only because of various aid programs; and 3)"the very taxed," those middle-income Americans who have no easy way to pay their kids' bloated bills. Inflation has kicked their incomes not only into higher tax brackets but also out of the grant and loan market. At the same time, their after-tax income is barely keeping...
...Texaco's news is encouraging to the 39 companies that have spent more than $1 billion on lease purchases in the area. Since drilling began last March, Shell and Continental have reported dry holes. Now at last, all the deep water gamblers can afford to be more optimistic that their wagers will eventually...
...letter to shareholders, Chairman John Riccardo and President Eugene Cafiero spoke of a need to concentrate the company's resources in North America. The point could be put more bluntly: Chrysler is so strapped for cash to spend at home that it can no longer afford aspirations to global power. Its share of the U.S. market has dropped to 12.8% this year, from 16.2% in 1970, and it must spend $7.5 billion over the next five years to expand and modernize its U.S. plants. It has no hope of financing those expenditures out of depreciation and retained profits...
Even after inflation, these couples have more buying power than their parents did at their age. They can afford luxuries that most single-income families cannot, but they still avoid most long-term financial obligations. Saving, even for the day when pregnancy will temporarily eliminate one income, is not common. When the young two-income families do salt funds away, it is in bonds or real estate -the one popular long-term investment -rather than stocks, since they saw their parents hurt by inflation and market plunges. Compared with young couples ten or 20 years ago, they spend more...
Well, it probably will wind up doing both. Long accustomed to serving the small percentage of the population that can afford high legal fees, the profession -glutted with new lawyers-is slowly entering an age of providing mass legal services and charging less for them. Advertising on TV and elsewhere will no doubt speed up that process...