Word: inflationã
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...However, unexpected food price increases have made this year’s annual slump particularly bleak. According to Martin Breslin, Director for Culinary Operations, the price of chicken increased 11 percent, flour 18 percent, and milk a prohibitive 30 percent during the winter menu cycle alone. This inflation??recently the source of countless Economist and New York Times articles—is the symptom of many converging problems. The rising costs of oil has consequences fo the food industry: it’s more expensive to plant, harvest, ship, cook and heat facilities. Populations in countries like India...
...federal and state relations. “But I think the budget overall for higher education is a mixed bag.” Casey cited the zero-increase in funding for the National Institute of Health (NIH)—which will mean a decrease after adjusting for inflation??as evidence that the budget is “an uneven overall package in terms of supporting higher education and its research purposes.” Harvard currently receives about $400 million in federal funding annually, the vast majority of which is dedicated to scientific research and channeled...
...Grade inflation??that Loch Ness monster of Harvard perennially sighted by those who recall the days of the “Gentleman’s C”—has yet again reared its head. In a letter to the Faculty of Arts and Science last week, Dean of Harvard College Benedict H. Gross ’71 provided updated statistics that drew him to the conclusion that “grade compression continues to be a concern.” His evidence: Over half of the grades awarded to undergraduates were...
...things were better, but it’s because we worked harder for them. We didn’t have your SAT inflation??we were happy just to make a 1600. Most of us didn’t have to use spell check on our computers. In fact, we used typewriters. For the class of ’11, Harvard accepted only nine percent of people who applied. A year ago it was 9.3 percent of applicants. Three years ago it was 10.3 percent. In fact, the class of ’11 has the lowest acceptance rate...
...four-year public colleges, fees grew an average of 6.3 percent—2.4 percent when adjusted for inflation??to reach...