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University officials said in November that, due mainly to inflation, they expect increases of 12 to 15 per cent above last year's total of $10,540, boosting the cost for a year at the College above...
Although inflation decreased significantly last year--from a 12.4-per-cent rate in 1980 to 8.9 per cent in 1981--student fees continue to rise at a quicker pace than inflation. "As long as endowment income is distributed at a rate that will not keep pace with inflation, student charges will go up faster than inflation," Thomas O'Brien, the University's financial vice president, said after the University's annual financial report was released earlier this year...
...into the New Deal coalition by convincing traditionally Democratic workers that the Republicans had turned over a new leaf--that they were no longer the party of fight money, but of full employment. In 1980, that strategy worked: Reagan's share of un-ionized voters was about 43 per cent, dwarfing Gerald Ford's 30 per cent...
...Detroit's plight only varies in kind from that of other ailing Northern cities. In Akron, the sick industry is tires; in Gary and Baltimore, steel; and everywhere, construction. This depression in heavy industry has triggered a spectacular rise in the unemployment rate from 7 per cent in July to 8.9 per cent in December. Unemployment in basic durable goods manufacturing as a whole stands at 11.8 per cent; in the automotive industry, at 21.7 per cent. So it should come as no surprise that two heavily industrialized states now boast unemployment figures in the Great Depression neighborhood: Michigan...
Such distress is inevitably politically devastating; just ask defeated presidents Gerald Ford or Jimmy Carter, both of whom were done in by blue-collar unemployment. Blue-collar unemployment under Ford hit 11.7 per cent, lingering at 9.4 per cent on election day. Under Carter, the figure rose from 6.9 per cent in 1979 to 8.9 per cent for the first five months of 1980. Ronald Reagan doesn't face the voters for two and a half years, but unemployment highs under him already exceed marks of his two ill-fated predecessors. The severity of the nation's economic crisis threatens...