Word: medians
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TWENTY-ONE PERCENT of last year's seniors pulled off an amazing double feat--they had below median grades and they graduated with honors. Such is the end result of Harvard's system for distributing honors, a system that is increasingly growing out of sync with the ostensible purpose of the practice--rewarding superior performance...
...these people inching toward work or back from it spend more of their income on retail goods than people do in any other city. This city is ranked 97th in what Sales & Marketing Management magazine calls median household after-tax "effective buying income" ($23,655), yet it is first in retail sales. New Yorkers spend 37% of their effective buying income on retail goods; Angelenos spend 48%. In 1982, in Beverly Hills, where the figure has to be skewed by out-of-town buyers, $143 million was spent on clothing, $72 million on cars, $96 million on general merchandise...
Promoters planted the first palm tree here in the 1880s. At the same time, real estate agents were known to pin oranges on Joshua trees, claiming this had been a terrain given over to orange groves since beyond memory. At the beginning of this year, the median sales price for an existing house in greater Los Angeles was $114,200-in the nation, it was $71,800. But who can find a "median" home? The other day, on a quiet street in Santa Monica, a FOR SALE sign went up in front of a three-bedroom, one-bath, fake stucco...
Rising costs may mean the end of the era of home ownership for half of U.S. families. In 1950 seven out of ten American families could afford a new, median-price home. Today higher mortgage rates and building costs mean that fewer than three in ten can pay for it. Eight years ago, the average U.S. family's monthly home payment totaled a quarter of its income. Now the figure is one-third, and it is still rising. Banks and savings and loan associations have attempted to get more Americans into homes through new methods of financing, like adjustable...
Indeed, the entire book is basically an exercise in casting: get the country's star investigative reporter to tackle "the unanswered questions" about the grubby death of America's favorite counterculture co median. The fact that the co-author of All the President's Men and The Final Days was on the case invested Belushi's life with a weight and dimension it lacked when he was busy living it. It turns out, however, that there are no unanswered questions that matter. So everyone comes up short: Belushi's widow and his sister...