Word: evens
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Dates: during 2000-2009
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When differentials could become a hundredfold or even far more—and as investment banking and similar firms started actively to recruit young Rhodes Scholars who earned degrees in math, physics, and even history, English, and theology—the yawning prospective-wealth chasm became impossible for many to ignore. Even for a few of those most deeply committed to other, more public-spirited pursuits—whether in laboratories, classrooms, poor neighborhoods, charter schools, the media, or state legislatures—the lure of such rewards, especially as they are reasonably attainable for people of such high abilities...
Nothing—if one believes that changed career paths of a few privileged people is of no larger significance. But some have gifts that realistically could be expected to lead to world-changing breakthroughs, cures, or innovations; greater respect for politics; even to hundreds of profoundly moved and inspired students. Moreover, this reflects something far more pervasive. Consider President Drew G. Faust’s recent laments for the increasingly material, instrumental ambitions of so many of her students. She has noted the steep national decline in the percentage of students majoring in liberal arts and sciences since...
...profits from leverage, not creativity—would be that earnings differentials would return from obscene to merely enormous levels, if not to the very generous multiples that had long been adequate to fuel a vibrant economy. Well, the hyper-bonuses are back—astonishingly having been made even easier to achieve with taxpayers socializing the downside risks. And the crisis? What crisis...
...money. It can get you 68 purchases on the McDonald’s dollar menu, 44 trips on the subway with a CharlieCard, 37 loads of clean laundry, 15 one-scoop waffle cones at JP Licks, a full magical day of fun at Disneyland, or maybe even a flight home. This sum is also the amount that students are charged on their termbills each semester by Harvard to fund student groups and support the activities of the Undergraduate Council...
...stands now, however, the UC fee automatically appears on every termbill, placing the burden on students to remove it—that is, if they’re even aware that it can be removed. This strategy smacks of disingenuousness, akin to burying the unsavory conditions of a business agreement in fine print. It puts undue stress on students with financial hardships who have to scramble to make sure they aren’t making unnecessary payments. Even more outrageously, students are required by the Student Receivables Office to submit a letter if they wish to waive the fee. Those...