Word: costs
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Dates: during 1970-1979
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...took more than eight years and cost at least $1 million in public funds spent on three trials and multiple investigations, but the State of Ohio last week finally did what it should have done on May 4, 1970. A statement signed by Governor James Rhodes and 27 Ohio National Guardsmen expressed official "regret" that four students at Kent State University had been needlessly killed and nine others wounded by the Guardsmen on that day. With the statement and agreement by the state to pay the victims or their parents $675,000, a retrial of the civil suit brought...
...close it down. They failed. After a long period of financial scrambling, the once prospering 27-year-old school was some $6 million in debt and unable to pay salaries or even its heating bills. Enrollment at the modern campus, designed for 1,000 students and built at a cost of $10 million at the height of the educational splurge of a decade ago, was down to 260. Lamented the financial vice president, Herbert Flaig: "We have lost a battle, and the fall has not been easy...
...very hard to sell at a fair price what's being sold down the street for 25% of cost," says Peter Armacost, president of Florida's Eckerd College, a 911-student private school. Adds Stanford President Richard Lyman: "At some point, and I don't know where that point is, it will no longer be a rational decision to attend a private institution, regardless of the value of its education...
...Ohio's Oberlin, for example, officials have already slashed $1.2 million from yearly administrative budgets. In their cost-cutting zeal, they have even inserted small plastic discs in shower heads to conserve water. What if the school still fails to reach financial equilibrium? Says President Emil Danenberg: "If we have to make any further cuts, we will eliminate an entire academic department rather than continue trimming away. We have decided it is more important to preserve quality than quantity...
Nearly 40 per cent of the total money needed for the conference has been already raised. The conference intends to pay transportation, lodging, preparation, organization, meeting room, and paper costs for 20 students from each school to attend the conference for four days (February 22-25) in Philadelphia. The total cost of the conference is $15,592; Harvard's share is $1518. Much of this remains to be raised...