Word: risings
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Dates: during 1960-1969
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...with the possible inelasticity of demand. What the terms boil down to is that the students who have used the bus may think it worthwhile to pay another nickle or so per ride to insure its continuation. As long as enough students continued to use the bus despite a rise in price, the money collected in fares would come a lot closer to meeting costs. Although ideally the bus service should be continued unchanged, such a compromise may be the only way to save the bus, providing students are indeed willing to pay somewhat higher fares...
Bender's prediction is coming true. Student fees have risen $1500 since 1961, and now are $3800 a year. Next term they will rise another $400. To an average citizen earning the national median income of $7400, that is a horrifying amount. Yet according to the Harvard Student Study Center's data most students' families can easily afford Harvard. The median income of student' families is$17,500--or almost 2 and one-half times the national median. For Harvard undergraduates, the average family income is $28,000. The fathers of students here are 84 per cent professional semiprofessional, officials...
...spending fell by an annual rate of $2 billion in this year's second quarter; and in the third quarter, the nation's plants were producing at 83.3% of capacity, a five-year low. Even so, economic signals are beginning to continued on next page foretell a rise in capital spending next year...
After a survey of businessmen's plans, the investment-advisory firm of Lionel D. Edie & Co. predicted that capital investment in 1969 will grow more than 7%. Last month the McGraw-Hill Survey projected an 8% gain. In its December issue, FORTUNE suggested that capital spending may rise 5% next year, though the increase might just about match the rise in capital-goods prices. Last week the Government joined the chorus of optimism. In the latest of a series of generally reliable surveys, the Commerce Department and the Securities and Exchange Commission projected a growth...
...model autos have been racing at a record annual rate of 10.3 million cars (see story, p. 94). New factory orders rose 4% in October, the biggest improvement this year. Sales of new houses are increasing despite punitive price tags and pumped-up mortgage rates. Housing starts will probably rise from 1,290,000 in 1967, to 1,500,000 this year. Building-industry analysts anticipate about 1,700,000 in 1969 and a record 2 million in 1970.-At the same time, installment credit is ballooning...