Word: crediteers
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...54’s abrupt exit from the 1984 presidential sweepstakes provides a welcome opportunity for the Democratic Party and its White House aspirants. Free from the looming Kennedy shadow, the Democrats can now think creatively about their agenda for 1984 and beyond. The Massachusetts senator, to his credit, has been one of the few liberal bulwarks against the cruel incursions of Reaganism over the past two years. Were it not for Kennedy’s loud and visible opposition, the President’s attempts to roll back some sensible and compassionate social programs might have met with even...
...suffice for truly far-flung intellectual exploration, such as cross-registration, freshman false starts, or esoteric departmental offerings. Even students who wish to take an introductory computer course—certainly a “mode of inquiry” in itself—now receive no Core credit for doing so. The Core planners’ major argument—that Core courses teach “modes of inquiry” and “habits of mind” rather than mechanically transmitting a body of facts—has some merit. Surely these modes are useful...
...rather convincingly shown that money given in different forms can have fundamentally different effects. For example, imagine that you have just finished a delicious dinner for two and it is time to pay the $100 bill. You open your wallet and are faced with your options: cash or credit? The reality is that no matter which option you choose, you will pay the same amount. But paying with a credit card feels very different than paying with cash—it is somewhat less painful...
...paying with credit cards less painful? When we pay with cash we consume and pay at the same time, but when we pay with a credit card we are decoupling the timing of consumption from payment. We eat now and pay later, making the pain of paying lower and the enjoyment from the meal higher. We can even push the pain of paying to a more extreme level. Imagine that when you step into the restaurant the waiter tells you that the average diner eats about 50 bites and spends about $50 in this restaurant, making it a dollar...
...credit Harvard for teaching me this, above all other things. In an institution that glorifies conventional notions of success, I believe the most important thing I learned here was how to fail. Failures are not the prettiest moments, and on graduation day, one is reluctant to remember crying over a poor Expository Writing grade or the emotional crisis of the first month of freshman year. Yet, without these moments, I would not be so proud of where I am today. I would not have felt as much joy in my grade on the next paper. I would...