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Explaining why college cost increases exceed the inflation rate, O'Brien also cited higher energy costs and a falling rate of return in Harvard's endowment distribution rate a prorated measure of the University's income from its securities portfolios--as an added pressure requiring tuition increases within all University faculties...

Author: By David L. Yermack, | Title: Tuition to Rise by 8.7%; Fees Will Total $13,150 | 2/2/1983 | See Source »

...many months to come. More worrisome, there are signs that a vicious circle has begun that could block any sustained ad vance. The fourth-quarter drop in G.N.P. so reduced tax collections that the federal deficit in fiscal 1983, which started Oct. 1, is now certain to exceed $200 billion. That intensifies the threat that Government borrowing to cover the deficit will gobble up the lendable money needed to finance business investment and consumer buying. A group calling itself the Bi-Partisan Budget Appeal, headed by former Secretary of Commerce Peter Peterson, last week published an ad calling on Reagan...

Author: /time Magazine | Title: New Tactics at Half Time | 1/31/1983 | See Source »

...Reagan was expected to ask Congress to enact immediately a levy on imported oil and a surcharge on individual income taxes that would not go into effect until Oct. 1, 1985, and then only if the deficit in the fiscal year that begins on that date seems likely to exceed 2% of G.N.P. That would work out to around $100 billion of red ink a year. The President's hope is that spending cuts and economic recovery will make the increase unnecessary. But, says one high official, the stand-by proposal "has the double advantage of not raising taxes...

Author: /time Magazine | Title: New Tactics at Half Time | 1/31/1983 | See Source »

...million credit to Mexico's bankrupt Grupo Industrial Alfa, the largest private firm in Latin America. The so-called nonperforming loans amount to nearly 8% of Seafirst's $10 billion in total assets; the banking industry average is about 3%. What is more, the loans exceed by 7% the sum of the bank's shareholders' equity and loss reserves, which can be thought of as its cushion against disaster...

Author: /time Magazine | Title: Seattle Rescue | 1/31/1983 | See Source »

...nonprofit organizations, which now may elect not to participate in Social Security, will also be covered. The new contributors are expected to generate $20 billion in revenue. Also starting in 1984, half of Social Security benefits will be treated as taxable income for all individuals whose annual incomes exceed $20,000 or couples above $25,000, a move expected to raise $30 billion. Self-employed people, who now pay into Social Security at a rate of 9.35%, only three-fourths the total assessed for employer and employee combined, will pay the full rate. This will net $18 billion. The self...

Author: /time Magazine | Title: Close Call for Social Security | 1/24/1983 | See Source »

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