Word: costs
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...significant restoration took place between 1982 and 1986. That project repaired and upgraded the aging structures, from installing outlets and replacing floors to full redesigns of some of the oldest Quad buildings. Even so, the bill for these renovations was only a fraction of what the upcoming project will cost...
...illegally downloaded song, the RIAA pointed recipients to a site where they can buy peace with a credit card number and a promise not to do it again. The price point is chosen with skill: large enough to hurt, but small enough that litigating would cost more. An industry spokesman responded in The Crimson that thievery is thievery. Bills were introduced in some state legislatures that would punish universities for students’ downloading. Such laws would force universities to act as agents of the recording industry, censors of digital information flowing into students’ rooms. Universities...
...Mohammed is a victim of circumstance. His city of Mahalla is an industrial town, a poor, blue-collar city home to large factories that pay small salaries. Still, factory workers make more than most. Open rebellion carries a high cost in Egypt, and Mohammed saw it happen to his neighbors. Nevertheless, he ran towards the conflict, not away...
...overestimated the productive capacity of the economy. I'll have more to say about this shortly. Federal Reserve policymakers also underestimated both their own contributions to the inflationary problems of the time and their ability to curb that inflation. For example, on occasion they blamed inflation on so-called cost-push factors such as union wage pressures and price increases by large, market-dominating firms; however, the abilities of unions and firms to push through inflationary wage and price increases were symptoms of the problem, not the underlying cause. Several years passed before the Federal Reserve gained a new leadership...
...Fast-forward now to 2003. In that year, crude oil cost a little more than $30 per barrel.3 Since then, crude oil prices have increased more than fourfold, proportionally about as much as in the 1970s. Now, as in 1975, adjusting to such high prices for crude oil has been painful. Gas prices around $4 a gallon are a huge burden for many households, as well as for truckers, manufacturers, farmers, and others. But, in many other ways, the economic consequences have been quite different from those of the 1970s. One obvious difference is what you don't see: drivers...