Word: cents
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Dates: during 1960-1969
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...settled primarily by Jewish immigrants from Europe, but recent immigration has come increasingly from Morocco and Oriental countries with social, cultural, economic, and educational backgrounds substantially different from the highly-developed and professionalized Jewish communities of Europe. According to Eisenstadt, these Moroccan and Oriental Jews constitute 50 per cent of the Jewish population of Israel (depending on how the children are counted...
...immigrants. "The second generation is less segregated, and hopefully the third will be even less," Eisenstadt said, and there has been a slow but continuous increase in the rate of intermarriage between the two groups. Higher education is also a problem; Eisenstadt believes that not more than 10 per cent of university students are Oriental or Moroccan, but the army has instituted a new program where, after their period of service, immigrants who are qualified but "not quite prepared" for a university are given a pre-university training course. "This is the second or third year of the program...
...several states, including New Hampshire, Michigan, Iowa, and California, the "humanist" liberals already control either a substantial minority (more than 40 per cent) or a majority of the state Democratic parites. This power is partially a result of the McCarthy movement...
...such local and state authorities do not have to pay federal income tax on the proceeds of the bonds, they are willing to accept a lower interest rate than they otherwise would demand. Currently, the interest rate on the tax-exempt bonds is slightly more than four per cent. Borrowing at a bank can cost about seven per cent. Harvard gets an annual return of about 5.8 per cent on its general investment funds...
Harvard could thus save about one or two per cent of its construction costs--a major saving for a University that now has about $100 million of construction under way, in the active planning state, or slated for building within the next six or seven years...