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...TMFONT 1 d #666666 d {Source: Population Studies Center, University of Michigan. Based on 1980 census.}]CAPTION: HOUSING SEGREGATION INDEX...
However, higher education officials inWashington challenged Carnes' assertions, sayingthat the increasing college costs reflect a needto keep faculty salaries competitive and higherprices for library and other materials. Theyargued that since the cost of the goods andservices colleges and universities purchase (theso-called "Higher Education Price Index") aregenerally higher than the nationwide CPI tuitionhikes are bound to exceed inflation...
Nomura and Japan's other giant securities firms have harvested huge profits from a bull market that has raged on the trading floor of the Tokyo Stock Exchange for six years. The Japanese call it the age soba, or rising market, ascent has been dizzying: the 225-stock Nikkei index -- Japan's equivalent Dow Jones industrial average -- has surged 400% in value since beginning its bullish burst. The $3.5 trillion now invested in the Tokyo market makes it world's largest. Even the devastation wrought by last October's global stock only temporarily dampened the spirits of Tokyo traders. Although...
Many analysts expect the Nikkei index to break the 30,000-yen barrier sometime this year. Says Hideo Nakazawa, general manager of Nomura's equity department: "We may hit some bumps, but the direction is up." Yet even Tokyo is unlikely to disprove the adage so often cited by bears in markets the world over: "No tree grows...
...that reason, many experts conclude that the Soviet military, as currently organized, will never catch up with Western armed forces in advanced equipment. "What's going on in the Soviet military is an index of their desperation," says Lieut. General William Odom, who retires this week as director of the U.S. National Security Agency. "The Soviets have become aware that they can't afford to compete with the U.S. in quality weaponry...