Word: cutoffs
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...social structure has changed utterly. The village is now a suburb of the local town. Dirt tracks through the olive groves have become paved roads. Not long ago, it was a minor scandal when a girl student, back for the summer, walked around in a T shirt and cutoff jeans; now local girls sunbathe in thong bikinis. What we first encountered as a peasant society, whose rhythms were agricultural and ritualistic, has become a wholly modern...
Although The Crimson, and Harvard students, alumni and law school faculty members, have all denounced the University’s decision not to join a constitutional law suit challenging the Solomon Amendment (which threatens the cutoff of federal funds if military recruiters are barred from campus) there is something they can do by themselves which may be far more effective...
...prime-time TV in the process. "We're going to let him keep doing what he wants, and I think the audiences will eventually come to him," says Mad House president Maruyama. That may finally be about to happen. Millennium Actress and Tokyo Godfathers made the release-date cutoff for this season's Oscars, and industry insiders are whispering that both films might be top contenders. That would bring Kon much deserved recognition and show that his brand of animation has a destiny beyond entertaining children. And Kon would never again have to explain why he makes cartoons...
...mutual funds have outrun the regulations intended to keep them in check. Matthew Fink, president of the Investment Company Institute, a mutual-fund trade group, notes that in 1968, when the cutoff time for late trades was set at 4 p.m., there were 100 mutual funds and 300 intermediaries dealing in them. Today there are 8,800 funds and thousands more brokers, banks, 401(k) plans and trusts selling them. "The regulation has not caught up with the growth in the structure," Fink says. The poor returns of the recent bear market also created a new temptation for fund managers...
...were personal qualities, represented by excellence, that Harvard was after, it would pursue more and more highly specialized kids, with lower cutoff points on grades and SAT’s, until it became, in effect, a vocational school for every extracurricular activity under the sun, where students breezed through classes between rehearsals, practices or lab time—precisely the opposite of the liberal arts ideal it seeks to embody. It would, in short, abandon the broken leg test. It might also take a disproportionate number of community service-minded applicants on the grounds that they demonstrated uncommon personal qualities...