Word: downdrift
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Dates: during 1940-1949
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Like every other college and university, Harvard and Radcliffe are having their troubles in the economic downdrift. Neither is feeling as bard a pinch as many a U.S. school, but each is facing the same worries. Gifts, invested endowment, and, in some cases, tuition incomes are sliding downward, but wages, salaries, and equipment costs are still clinging to inflation-high levels. In other words, the "cost of education" is too high for an increasingly large segment of America's educational institutions...
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