Word: medians
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Dates: during 1980-1989
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...agree with Kahn's prediction that a tax cut is "inevitable," no one could agree on what size it should be or what form it should take. Reagan's plan called for a straight 10% reduction on individual returns. For a family of four with a median annual income of about $20,000, this would mean a tax saving of $227 next year. Reagan also called for faster tax write-offs for business investments, allowing a company to deduct from its taxes the cost of new buildings over ten years, new equipment over five years, and new light...
...decade of the 1970s, blacks gained on whites in only one broad area: education. As of 1978, the median for blacks had reached 11.9 years of schooling; it was 12.5 for whites. Yet even these statistics are misleading in one important sense: the quality of public schooling that the blacks are getting in most major U.S. cities has sharply declined. Says Bernard C. Watson, a black vice president of Temple University in Philadelphia: "The education too many children receive in these classrooms is nothing short of a national scandal, an absolute disgrace...
...moment, however, Silicon Valley has more close-to-home problems, like attracting young computer geniuses who will pay California housing prices. The median price of a home in the Santa Clara Valley is now $97,500, and the chronic shortage of houses statewide has been worsened by the recent slump in construction and home loans. Laments California Builder Nathan Shapell: "New single-family homes will be for those selected...
...abusers, rapists, baffled homosexuals, wife beaters and "pre-orgasmic" women. "It's a soap opera that educates," says Grant, 38, who studied at Vassar and Harvard and got a Ph.D. from Syracuse. It is also a vast financial success that has made Grant a well-paid star ("a median five-figure" salary) and draws an audience of 115,000 -enough to make KABC top-rated in her time slot among more than 70 stations in the Los Angeles area...
Because of the shortage of reasonably priced mortgage money, the number of houses sold this year is expected to be about half last year's 5 million. The slowdown in sales is beginning to have an impact on the cost of shelter; the median price for houses has already declined from $66,000 last September to about $65,100, a major change after the regular annual gains of 14% and more during the past two years...