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Dates: during 1980-1989
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...cost of college is a hot topic because tuitions will increase up to 9% this fall. Total costs at Harvard currently run about $20,000 a year; Maine's Colby College costs about $18,900. The similarity is not the result of price fixing, says Colby President William Cotter. The reason, he says, is "that a Ford costs about the same as a Chevy," or in the case of Harvard and Yale, a BMW costs about the same as a Jaguar. Cotter admits that the market is not price sensitive. "A family decides on private vs. public," he says...
...exacerbate this year's federal deficit. The remaining $20 billion will be in the budget, but slipped in through a loophole in the Gramm-Rudman-Hollings law, so that the spending will not push the fiscal '89 deficit over the statutory limits and trigger automatic budget cuts. As a result, the '89 deficit will grow to about $168 billion, $30 billion over the target...
...next three decades. That is because the off-budget money will have to be borrowed by the Resolution Funding Corporation, the Government agency responsible for restructuring the thrift industry, which will have to pay investors higher interest rates than the Treasury pays for on-budget borrowing. As a result, the S & L rescue's first installment is a case of bail now, pay later...
...least restrained by the Justice Department," explains University of Texas law professor Michael Tigar, "but the imaginations of plaintiffs' lawyers are not similarly restrained." What encourages the creativity, says critics, is the possibility of obtaining treble damages and the enormous leverage of labeling an opponent a "racketeer." The result has been a widening array of civil RICO lawsuits, from common commercial litigation to provocative political disputes. The law has been invoked by victims of sexual harassment against their bosses, by tow-truck drivers against local sheriffs and by whistle-blowers against their employers. Earlier this year, a federal appeals court...
...better deal with Moscow, perhaps in a new treaty that guarantees their sovereign rights. During five decades of Soviet rule, the three republics have watched helplessly as all- powerful ministries in Moscow imposed new industries, regardless of whether they were appropriate to the region. As a result, stretches of white sand beaches along the Baltic coast became too polluted for swimming. An influx of outside manpower threatened to make Latvians a minority in their own homeland. The hardworking Estonians learned to their amazement that by Gorbachev's reckoning, they were supposed to be running a yearly deficit of 500 million...