Word: medians
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Dates: during 1990-1999
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Since graduation, life has been pretty good to the class. Median family income is more than $100,000 annually. Harvard graduates report higher personal and family incomes than do Radcliffe graduates...
...English-as-a-second-language classes. "This is very much a port-of-entry school," says Bilingual-ESL Program coordinator Pat Reynosa. That means, says Reynosa, that in addition to having limited or nonexistent English, many of the students must cope with the pressures of grinding poverty (a median family income of $17,000; 18% on welfare) and the anomie common to refugees. And since Hispanics are America's fastest-growing ethnic group, San Fernando's problems will be increasingly echoed throughout U.S. public education...
...regional downturn quickly spread to the housing market. The median price of homes in the New York City area fell from $190,000 in the third quarter of 1988 to $182,600 in the same period last year. In Connecticut so many condominiums are on the block that the state is setting up a program to acquire 500 units at bargain prices and rent or sell them to low- and moderate-income families...
...West: Wild. From the supercharged Pacific Northwest to struggling Arizona, no region claims a wider range of strengths and weaknesses. Paced by high-flying Boeing, which is working off a four-year backlog of aircraft orders, Seattle is attracting newcomers from across the country. The median price of a Seattle home rose 23% in the third quarter to $110,000, marking the largest increase in the U.S. By contrast, Phoenix is mired in a real estate depression in the wake of a heedless building spree. Lenders foreclosed on more than 15,000 residential mortgages last year, up nearly 20% from...
...state's prosperity comes from looming defense cuts, which would have a sizable impact on Southern California's aerospace industry. Economists predict that unemployment in California will rise from 5.1%, vs. the current 5.3% U.S. average, to 7.4% in 1992, largely as a result of defense cutbacks. Meanwhile, the median price of a Los Angeles home reached $224,000 in the third quarter of 1989, up 18.7% from the previous year. Says Stephen Levy, director of the Center for Continuing Study of the California Economy in Palo Alto: "It's very unlikely that home prices will rush ahead...