Word: rebuilding
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This raises the question of whether to rebuild in the low-lying downtown, and Pat Owens says there won't be an answer for weeks. Kim Holmes, who lost two restaurants, says he wants to. But even though he was one of only 1,000 or so with flood insurance, his losses are crippling. "I've got 3 ft. of water inside, with chairs and tables floating around the room...
Despite President Clinton's pledge last week that the government would pick up 100% of the immediate emergency disaster costs, not the customary 75%, other Grand Forks residents may not be able to rebuild their homes and businesses for years, and thousands could be out of work indefinitely. On the northern edge of town, Harris Peterson, 71, says his grain-processing plant depends on farmers' shipping him product, so it could be a rough year. "But it's the people downtown who are ruined." He adds, parenthetically, that his $250,000 downtown house was destroyed. No flood insurance. His eyes...
...negotiating huge mergers. Some analysts predict that the 30-odd managed-care insurers that compete today in California will be concentrated into seven to 10 by 2005. Such giant combines might be able to hike premiums while squeezing spending on patient care even tighter in an effort to rebuild their margins--and continuing to let their chief executives pile up personal fortunes in salary and stock. One survey found that the salaries of HMO chiefs averaged 62% higher than those earned by the heads of other corporations of comparable size...
This is probably the best chance Harvard has had to rebuild the tower since it burned down, because at the end of a capital campaign, the more pressing expenses such as "new professorships, the Library, the Government Department building, and financial aid" (as Knowles mentioned in a fax) will likely be taken care of, at least for a while...
...urge alumni to give--first, to the substantive part of a Harvard student's career, by endowing chairs and reducing section sizes, and second, to the more intangible element of our University experience, by helping to rebuild the tower. Because a Harvard education often begins when a student looks up from studying in one building to muse on the ornament and scale of another. Then, on the brink of the next century, Harvard can boast it has restored, finally and completely, a building from the last century. As Bunting wrote in his 1985 history, "When the tower roof, clock...