Word: campaigns
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Dates: during 1970-1979
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That's a grimmer prediction than most people at Harvard want to hear, but the rough figures bear it out. If the Faculty leaves the campaign with $150 million earned, and makes five per cent interest on that money, it will earn about $7.5 million annually from the new money. But five years from now, by the campaign's end, the Faculty budget will most likely have reached a whopping $100 million. If inflation remains 13 per cent, the extra $7.5 million will have cushioned the Faculty surprisingly little. In fact, the years of administrative planning and fund-raising work...
...only test left for the Faculty--and one that officials have looked to with ever greater hope--is the five-year, $250 million capital campaign, set to "kick-off" in October. Most of the money from the campaign will go directly into the Faculty's endowment. But Kaufmann cautions, "people can't look at the capital campaign as a panacea. In fact, if inflation keeps up we may find ourselves in 1985 in the same constricted circumstances we were...
Finnegan, despite a campaign that never got off the ground, hurt both the mayor and Timilty, picking up votes in West Roxbury and Dorchester. If even half of Finnegan's supporters switch to White, the mayor will have very close to the majority he needs...
Timilty will try to close the gap by confronting the mayor. He has already issued a debate challenge to the mayor, and he announced to campaign workers last week that he had "taken his gloves off" for the final campaign. But Timilty is addressing issues most Bostonians care little about--the use of city workers in the incumbent's campaign, for example, a virtually unassailable Boston tradition...
Timilty probably wouldn't be able to find any more overwhelming issues to run on this year anyway. Busing is done with, despite the political comebacks of Louise Day Hicks and Pixie Palladino, strong performers in the city council and school committee preliminaries. And campaign news will have to fight for newspaper space with the Pope's visit and the dedication of the Kennedy Library, complete with President Carter and Ted Kennedy...