Word: dollarization
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Dates: during 1980-1989
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...commenting, at the press conference, on the 15-to 1 loan to grant ratio in Massachusetts, which was identified in the study. I was referring to the ratio of the dollar value of guaranteed loans to state scholarships in Massachusetts. It is not the case that "students are expected to pay back $15 for every $1 they are given. "It is the case according to the Massachusetts Higher Education Assistance Corporation, that Massachusetts students, on the whole, borrow $15 for every $1 available in Massachusetts State Scholarships...
...movie stars used to live here in the '20s," says Douglas Meltzer, 59, a former aircraft worker and a long time Hollywood resident who is out for a morning stroll. Meltzer's father came to Los Angeles to play violin in the orchestra of the Million Dollar Theater, another of Showman Sid Grauman's grandiose palaces. Meltzer, an earnest man with bushy eyebrows, wispy white hair and a chuckle for punctuation, remembers the Hollywood he knew then...
Andrew Farkas doesn't work in small numbers. As a compulsive and prodigious computer jock at the Trinity School in New York, he organized Data Mini-Systems Corporation, which provided software and hardware to small businesses and professional offices, and turned it into a million-dollar enterprise before giving it up to come to Harvard...
...however, he's been playing a different game. He's into real estate. More specifically, real estate syndication, which involves buying a building and then refinancing it, has taken up much of his time, including two of his summers, while in Cambridge. His biggest deal was a five million dollar syndication of a garden apartment complex, pulled off last summer while working for a New York syndication corporation. He will return to the same firm full-time after graduation...
Given the boost, College officials--even those who maintain there is still more cause for alarm than complacency--sound positively sanguine about the short-term dollar outlook for the fall. Long threatened more by what L. Fred Jewett '57, dean of admissions and financial aid, calls "erosion of fixed incomes" than by specific cuts, Harvard can hope for an easing of aid pressure as the inflation rate inches down; if the pattern continues, the income on the endowment may once again be able to keep pace with costs. The admissions office also stands to gain from the Harvard Campaign...