Word: indexes
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Dates: during 1990-1999
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...children are even born, but never do we get a detailed explanation of what drove tuition up in the first place. Inflation can't explain it; over the past 20 years, tuition increased twice as fast as the overall cost of living. Tuition even outpaced a special price index deployed by colleges to help defend themselves against mounting criticism. Nor does anyone ever explain why schools with very different endowments--like Harvard, with more than $9 billion, and Penn, with just over $2 billion--charge roughly the same tuition--or just exactly where this vast torrent of tax-free revenue...
...best grants in order to attain the most prestige. Like every other top-tier institution, Penn seeks to attract as large an applicant pool as possible so as to admit as small a percentage of it as possible to fill its available places (a low "admit rate," considered an index of exclusivity). But it hopes most of those admitted will actually enroll (a high "yield," considered a mark of quality). Harvard, the gold standard, last year admitted only 11% of applicants for this year's class; three-quarters of them decided to enroll. Penn's admit rate my freshman year...
...reform bill, as well as Daniel Moynihan of New York and Paul Wellstone of Minnesota. In the House it's California Representative Henry Waxman, lead Democrat in its fund-raising probe. This makes for the kind of situation that requires Washington memoirs of the '90s to have a separate index heading on "Clinton, temper of." Last week he was making late-night phone calls to ask Democrats what gives, sometimes at the top of his voice. To New Jersey's Robert Torricelli, he complained that Democrats who were looking to the independent counsel as a quick...
...example of the pragmatic detente between the two men: after months of private conversations with the President, Lott went public with a proposal that would have the effect of restraining Social Security and other entitlements. He called for a panel that would come to grips with the Consumer Price Index, which most economists believe overstates inflation, and government checks. That was a revolutionary statement in a city notorious for its fear of offending the seniors lobby. But this time Lott's remark was not met with the usual partisan fire. Clinton called it a "good, constructive suggestion" and dispatched...
Kordus has plenty of partners in anxiety as every lurch in the market--the Dow index did a three-day wiggle and dropped 57.34 points to close at 6931.62 last week--makes skittish investors wonder whether it's finally time to pull the rip cord and cash out. "The average person is very jittery but is still bringing in money in hopes of staying with the bull market," says Robert Coleman, an investment adviser with the firm Christopher Weil & Co. in San Diego. "People are constantly calling and asking, 'What do you think?'" Coleman adds. "I say, 'Relax, stay...