Word: contentions
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Dates: during 1970-1979
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...reforms, which would have raised capital gains taxes for some upper-income taxpayers, reflected Carter's populist belief that tax breaks on gains from sales of stocks and other property do little for the economy and benefit mainly wealthy investors. Though the White House would now be grudgingly content to see the tax remain at its present maximum effective rate of 49%, the Steiger amendment seeks to cut the rate to no more than 25%, the level that prevailed prior to 1970. The bill was introduced in April by Wisconsin Republican William Steiger, who has attracted broad support with...
Capitalism must recover its moral content, argues Kristol, if it is going to survive. This is what Horatio Alger provided in such abundance for generations gone by. A businessman did not become a success just by making money. Heaven forbid! He was successful because capitalism encouraged certain character traits that used to be admired and are now disdained as "bourgeois virtues." For decades, writes Kristol, "liberal capitalism has been living off the inherited cultural capital of the bourgeois era and has benefited from a moral sanction it no longer even claims. That legacy is now depleted, and the cultural environment...
...college and grad school applicants, the year has been a real stinker. Errors in translating raw test scores into the composite scores sent to school admissions offices marred both the Medical College Admissions Test (MCAT) and the Graduate Management Aptitude Test (GMAT) this year, while alterations in the content of the Law School Admissions Test (LSAT) seriously skewed the results and forced some law schools to reevaluate students whom they had admitted before learning of the shift...
Standardized tests have also recently become a focus of attack in Congress. A bill now before the House of Representatives may force major changes in the content of standardized tests and limit the role the tests play in the admissions process. And the Bakke case, now before the Supreme Court, challenges the legitimacy of these tests altogether, as proponents of affirmative action charge that the tests are culturally biased...
Anarchy, or something very near to it, has been a way of life at Harvard since 1969, when the school's Undergraduate Council put itself out of business. Lacking a student government, the droves of high-school council presidents who every year flock to Cambridge have had to content themselves with a system of student-faculty advisory committees--a system that grants students no real institutional power, and only the most deferential voice, in the affairs of the Colleges...