Word: institutionalized
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Dates: during 1980-1989
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It is clear that since the sixties the American university has become a major forum for public opinion and its expression. Harvard, as an institution which studies many facets of modern society in great depth, has a perfect right to express its findings and opinions to the world. It has...
It cannot be denied that these statements often have political intent and effect. They start out, however, as moral stands--as students, professors, and Cambridge residents realize that "rights" are being violated, and that something must be said. The individual opinions of Harvard scientists, for example, are their own personal...
World Bank President A.W. Clausen, the former chairman of Bank of America, had tried for several years to widen his institution's responsibility, but he was rebuffed by the White House. Ironically, just as the Administration is adopting some of his views, Clausen said last week that he will leave...
The bank troubles are expected to lead to tougher government regulation of the industry. Such reforms, though, may come too late for the Mercantile Bank. While the institution may survive, there is wide speculation that it might merge with one of the country's larger, healthier banks.
Manufacturers Hanover Trust, the fourth largest U.S. bank, last week became the first major lender in four years to lower its credit-card rate. The New York institution trimmed the charge from 19.8% to 17.8% for Visa and MasterCard accounts and other revolving credit lines. "We saw it as a...