Word: firming
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Dates: during 1980-1989
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...hikes in tuition and other fees have averaged roughly twice the rate of inflation, boosting bills at elite private schools like Sarah Lawrence and Princeton to the edge of the $20,000-a-year mark. And the spiral shows no sign of stopping. By 2005, according to the investment firm Paine Webber, the price of a college education is likely to climb to $62,894 annually...
...parents suspect that institutions are kicking up their fees at will, knowing that families will pay almost anything to give their child the cachet of a Harvard or Yale degree. "It's Chivas Regal pricing," says Kalman Chany, president of Campus Consultants Inc., a Manhattan-based financial-aid consulting firm. "The most selective schools can afford to charge what they want because they've got lines out the door of people who want to go there...
...Sutherland), asking him to help find his son. The boy was taken into police custody during the Soweto protests of 1976 and has disappeared. Du Toit, a calm and rational man, believes this is surely just a bureaucratic muddle that can be easily ameliorated by a solid citizen's firm but polite intervention...
Bloomingdale's may fetch as much as $2 billion in an auction that is expected to attract bidders from Manhattan to Tokyo. Among them is Marvin Traub, chairman of the chain, who is planning a management-led buyout. But selling Bloomie's will not be enough. Campeau's firm conceded last week that it may default on $1.27 billion in fourth-quarter debt payments. The disclosure sent prices of Allied junk bonds plunging 20% in value in just one day, while Federated's fell...
...Toronto trading in the company's shares was halted for three days while the firm scrambled to meet a Friday deadline for repayment of loans from its U.S. investment bankers: First Boston, Paine Webber and Dillon, Read. Campeau averted the crisis by arranging a $250 million loan from real estate giant Olympia & York, a major Campeau stockholder owned by Toronto's Reichmann family. As a result, Campeau's controlling interest in the firm he founded in 1949 slipped below a majority stake, from 53% to about 43%, while the Reichmann holdings increased from 24.5% to some...