Word: medians
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...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...
...enough fuel to keep its factories running and homes heated. The output of goods per hour worked has stagnated. From 1948 to 1973, the productivity of American employees increased 2.9% annually, thus permitting steadily higher real wages and higher standards of living. Last year productivity dropped .9%. The real median income of American families jumped 64% from 1950 to 1970, but has crawled up by less than 1% a year in the past decade. Weekly real take-home pay has been declining for two years. That gauge of American economic health, the stock market, has been sharply depressed...
...would be to appoint younger chief executives. They would be more likely to look at long horizons and take the creative chances that would pay big dividends on some distant tomorrow. The median age of corporate chiefs is now 59, and so they are often driven to achieve short-term results. There is too much pressure for risk-free, sure and often modest success. Unless managers know?and the public understands?that they must be free to fail in some ventures or wait for the longer-term payoff, they will never take the daring step...