Word: gainful
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Dates: during 1980-1989
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...think what encourages people is nothing they gain from being here, but attitudes they come in with," says Cassandra Q. Butts, a second-year student at Harvard. "And people often come in with an interest in public interest, but with the emphasis here on corporate law, they don't always leave with that attitude. There's heavy recruiting by large, high-paying firms, and students see an insurmountable number of loans they need...
...proponents' argument is typically neocloassical. By moving towards the free market in housing, supporters of 1-2-3 say all people can gain without anyone losing. Tenants allegedly gain by having the opportunity of home ownership. The city allegedly gains with the increase in tax revenue, as housing units are taxed at market rates. And oh yes, landlords just happen to gain also, to the tune of several million dollars...
...problem with Proposition 1-2-3 is that this theory doesn't mesh with reality. Some tenants gain, but only those who can afford to purchase a $100,000 unit. Those who can't will have a harder time finding an apartment, as owners who want to sell their rent-controlled units at a high price will have increased incentives to rent to the rich. The situation would largely revert to the ominous pre-1979 trends...
Harvard's Bad Boy: Activists supporting the coal miners striking against the Connecticut-based Pittston Company have no doubt been frustrated with their recent attempts to gain the attention of Robert G. Stone '45, a member of the Pittston Board of Directors and the Harvard Corporation. So when the protested outside a Corporation meeting at 17 Quincy St. this Monday, for the third time this fall, they tried a new approach. They gave him a present--a symbolic bag of coal--to remind him that he has been "a very...
That assessment proved unerring. After a steep drop in early trading, stocks roared back Monday to post an 88.12-point gain for the day. Then on Thursday, the anniversary of the 1987 crash, the Government reported that the Consumer Price Index rose a modest 0.2% in September, propelling the market to a 39.55- point gain. The Dow closed at 2689.14 Friday, up a record 119.88 points for the week. In Tokyo the Nikkei index lost 647.33 points Monday but surged more ! than 1,000 points in the next four days to finish the week...