Word: proportionately
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We do not take these difficult decisions lightly. University Hall understands the hardship this will mean for undergraduates, and we are all making sacrifices. For example, at a recent faculty meeting, the champagne was arguably subpar. As a symbol of our shared sacrifice, the statue of John Harvard will be...
Which makes our most recent downturn worse? Yes, absolutely. We're out of proportion with our amount of personal debt. A good number of people are in debt to the point where they may not ever be able to pay their way out.
So maybe there are some people who just shouldn't have access to credit? I think everyone should have access to credit in a very strict proportion to their income - not a future projection of their income, which is what we've been doing. It's been, "I'm now...
1 in 3: Proportion of Americans of Jewish descent who have an ancestor who lived on the Lower East Side after arriving in this country.
1 in 3: Proportion of Puerto Ricans living in the continental United States who have a relative who has lived in the Lower East Side.