Word: nationalizes
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Dates: during 1970-1979
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When the Dallas school district unveiled its new desegregation plan two years ago, School Superintendent Nolan Estes predicted it would be "a model for the nation." Implemented with relative serenity, the Dallas plan called for the busing of some 17,000 students (out of 136,500 in the district) and a heavy concentration of federal funds in schools that were still largely minority. But its centerpiece was a progressive concept: the "magnet" school, designed to lure ninth-to twelfth-grade students of all races by offering them a variety of educational inducements. Desegregation in Dallas, claimed Estes, would pose...
Carter further insisted that a tax cut of $25 billion, effective Oct. 1, is needed to create jobs, and that it "would not be inflationary." Since only 82% of the nation's production capacity is being used, he asserted, inflation is not being caused by the excess demand that would be aggravated by big budget deficits, but rather by "a cycle of wage increases, price increases that kind of grow on one another." Within hours, he had a congressional answer of sorts: in a preliminary vote on the budget for fiscal 1979, the Senate decided...
...Boston, that could be the case. More than half of the city's real estate belongs to tax-exempt institutions, such as churches and universities, and homeowners pay the nation's highest rate: a stunning 8½% of their property's market value. Typical of homes in some deteriorating neighborhoods is Diane Roberts' three-story wooden frame house in Dorchester. Its market value is only $17,500, yet she is paying $1,472 a year in taxes. These rates have moved some 12,000 Massachusetts homeowners to join a mostly blue-collar group called "Fair Share...
Quebec politicians described Sun Life's move as "economic blackmail"; the federal government protested it would hurt "national unity." Still, some small companies have already quit Quebec entirely, and many big firms, including the Royal Bank of Canada, the Bank of Montreal, Northern Telecom Ltd. and the Royal Trust Co., have simply moved key departments. As long as managers worry about the possibility, however remote, of one day waking up to find themselves marooned in a small nation, some will continue to flee...
...director of the Office of Fiscal Services, should so casually dismiss the proposal of Boston University's President John R. Silber for a tuition advance fund. Harvard's endowment, twice its nearest competitor, may yield immunity from the problems of financing higher education but the rest of the nation is not so blessed. Mr. Gibson's contempt for this plan, however, was not shared by his Harvard colleagues in 1968. As one of Dean Ebert's associate deans at Harvard Medical School in that era, I helped the dean promote the national adoption by all medical schools of the Educational...