Word: dependance
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While tuition fees provide on average about 55% of revenues for the nation's private colleges, they account for only 34% at the 42 privately funded black colleges. These institutions must depend on the Federal Government, which distributed about $83.4 million in 1981, and the United Negro College Fund, which this year expects to raise $28 million, vs. $25.8 million last year. The revenues are not enough. Says Clinton Marsh, president of Knoxville College in Tennessee, which has a $4 million annual budget and an endowment of only $300,000: "Our financial status is borderline. Unexpected emergencies such...
...That may depend upon the actions of the Federal Reserve's Open Market Committee, which met last week to set guidelines for the Government's monetary policy. So far this year, the Fed has tried to follow a narrow course that would promote the recovery and yet prevent a new burst of inflation. After the U.S. money supply grew at an alarming 12% annual rate in the spring, the Reserve Board tightened its policy. By October, the pace of money growth slowed to less than 2%, and the Fed's tough stance kept short-term interest rates...
...Pope can still depend on the loyalty of American bishops, particularly as the time nears for the naming of new leaders for four of the largest archdioceses in the U.S.: New York and Boston, where he must name successors to the late Terence Cardinal Cooke and Humberto Cardinal Medeiros, and Los Angeles and Philadelphia, whose Cardinal Archbishops are within two years of reaching 75, the age at which they must resign. Archbishop Roach last week warned his colleagues that they must do better in conveying "the experience and insights of the church in the U.S. to the Holy Father...
Diplomats are now convinced that the death squads include army officers and aides close to Roberto d'Aubuisson, president of the Constituent Assembly and head of the right-wing ARENA Party. U.S. Ambassador Thomas R. Pickering has warned that continued U.S. economic and military aid would depend on evidence that the government was making an effort to "deal with [the terrorism] directly." During a visit to El Salvador last week, Under Secretary of Defense Fred Ikle charged that the death squads actually "serve the Communist cause...
...level of telephone bills after divestiture will depend on whether the user is an individual or a business, how many local and longdistance calls are made, over what distance and for how long. The entire philosophical underpinning of pricing phone services is changing, a departure much in line with the national thrust toward deregulation in many other fields. In essence, Americans are going to begin paying more and more of the full and true cost of phone services they use. At the same time, they will not pay as much for those they...