Word: equalization
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Dates: during 1990-1999
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...Britain's Cambridge University, and formerly Oxford, and William Vickrey of Columbia University shared this year's Nobel for Economics. By studying the "asymmetric information" that characterizes many markets, the two men, who have never met, demolished the classic economic assumption that all parties to a deal have equal knowledge...
...affirmative action: In a rare defense of a classically liberal program, Clinton laid out the case for assuring that all Americans, regardless of race, have equal opportunity. The time has not come, he said, for the government to trust that people will behave fairly on matters of race. His comparison of affirmative action to the Americans with Disabilities Act rang true. Just as we don't guarantee disabled Americans a job, but we promise them a ramp so that they can get to the interview, we assure all Americans, that regardless what color their skin is, they will be recruited...
...average over many years, you have to have equal income, equal expense," he says...
Prepared by their coaches and fans for their first Ivy League match, Harvard's players began the match with a fortitude and confidence the Dartmouth women could not equal...
...plus factor. That's why affirmative action is another one of those issues on which it's more difficult than is immediately apparent to give the public what it wants. The debate around it really leads into a much larger and more profound question: Does America now provide genuinely equal opportunity for all its citizens? If the answer to that were a resounding yes, then affirmative action would be finished. But in most people's minds, the answer is no, and that makes the future of affirmative action complicated...