Word: medians
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Although the Class is as heterogeneous professionally as it is politically, the occupations and the $40,000 median income are about what one would expect of typical Harvard classes, past or present. There are numerous businessmen, doctors and lawyers, several professors and government officials, a sprinkling of clergymen, architects, city planners and psychoanalysists. There is a president of a turkey hatchery and a candy manufacturer. There is a surgeon, Stephen E. Hedberg, who believes his peers thought their futures were set 25 years ago, and that they had no idea of the changes in values, customs and ideals they would...
Still, it's hard not to see a clue in the fact that demographers, who in the '60s seemed to be saying that the median age of the population was something like seven, now pronounce that the U.S. is middleaged, and counting. Middle age is a sitcom joke no one wants to be the butt of, and the generation now turning 40 is the one that never trusted anyone over 30. Its members, who are among the most fanatical cyclists, joggers, iron-pumpers, lap-swimmers, rope-jumpers and cross-country skiers, were especially hard hit by the society...
...organizations that employ films, pamphlets and evangelizing visits to cancer victims to promote Laetrile. More important is the fact that although doctors can often cure the disease - if it is caught early enough - the battle against cancer has been agonizingly slow. All too often, treatments are extremely expensive (the median cost of a cancer case was calculated in a 1973 study at $19,000), physically painful and, when surgery is required, sometimes permanently damaging. By contrast, Laetrile is portrayed as a simple, inexpensive panacea (about $10 a shot...
...FORTUNE published its annual directory of the 500 largest U.S. industrial corporations. Specifically, by one important measure of profitability it was the best year since 1968. Aggregate sales of the 500 rose 12.2%, to $971 billion; profits climbed much faster, increasing 30.4%, to $49.4 billion. That meant that the median corporate blue-blood kept 4.6? of every sales dollar as net income, a seemingly modest profit margin but one that had not been matched in eight years...
Auto companies did best of all; the four in the list raised their median profit by 138.5%, despite another huge loss for American Motors. General Motors regained its historic role as the No. 1 profitmaker,* topping Exxon $2.9 billion to $2.6 billion, and Ford bumped Texaco out of third place in sales, $28.8 billion to $26.5 billion. Oil companies, however, did well too. Exxon led in sales for the third straight year, with $48.6 billion; Gulf Oil (sales: $16.5 billion) knocked IBM ($16.3 billion) out of seventh place, and Shell ($9.2 billion) displaced U.S. Steel ($8.6 billion...