Word: meyerson
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Dates: during 1990-1999
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McGee knew what he was doing. According to the St. Louis Post-Dispatch, which broke the story, state records show that he tested positive in 1992 and was told the result. "He didn't care about spreading the virus," says Beth Meyerson of the Missouri Department of Health. "It was a clear case of power." Meyerson says that in Missouri, which closely tracks people with HIV, fewer than 1% knowingly infect others. But one heartless player can mean a public health disaster...
...inflation and Penn's tuition rose in concert; in 1981 they parted company. From the 1980-81 school year--when Meyerson retired--to the next, Penn's base tuition increased 15%, to $6,900, far more than the 10.3% boost in the cost of living. The following year the disparity became starker. Penn's tuition rose 16%, 2 1/2 times the slowing rate of inflation and more than three times the growth in median family income...
...Chivas Regal effect proved to be correct. "The theory of it was, basically, we will raise the tuition as much as the market will bear," says William Massy, a former Stanford University finance officer, now a consultant on the subject. And parents bore it. Throughout the '80s, says Meyerson, parents came increasingly to feel that a college education was a necessity, a direct conduit to a high-paying job. Easy financial credit, moreover, made it possible for parents to borrow large sums of money; doing so for college became more socially acceptable. From 1983 through 1988, the number of applications...
...combination of forces--inflation, hubris, competition, the Chivas Regal effect, perhaps even conspiracy--drove up Penn's tuition. In comparable dollars, says former president Meyerson, a year at Penn today costs about twice what it did in 1970. Yet from 1970 through 1994, government figures show, median family income in constant dollars increased only 10%. In more recent years it has actually fallen below the 1986 figure. Taken together, these trends make tuition a very painful prospect for any parent whose kid has just been accepted by Penn or, for that matter, Harvard, Yale or Princeton...
...Meyerson says. The education offered by the top schools, he argues, is much better, with more courses, bigger libraries, more sophisticated research laboratories. As a nation, he says, "we have the best educational pattern in the world...But having said that, there's no reason why we cannot have a better ratio of benefits to costs...