Word: shared
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Dates: during 1970-1979
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...cent from gifts, and 21 per cent from income on the endowment. The government isn't increasing much, and the endowment remains the same--so students find themselves making up the balance, Putnam says. "We hope the securities market will do well enough to carry its own share," he adds...
Putnam says if inflation keeps up, Harvard may have to shed its traditional reluctance to share students and programs with other universities. "Harvard's problem is, it tries to be all things to all students," he says. Harvard may eventually have to exchange students with the Massachusetts Institute of Technology in some fields of physics, or with Wellesley in fine arts--"There's got to be more of this exchange; it's silly to have competing departments so nearby," Putnam says...
...inflationary effects of defense spending are sufficiently mild so that the decision about how much is to be spent on arms should be made on other, noneconomic grounds." It is notable that those years when the Pentagon budget was largest in real dollars, and took its greatest share of the G.N.P. and federal budget, were also the years when the nation enjoyed some of its lowest inflation rates. In 1955 inflation was nil, and in 1965 it was around 2%. Increases of more than 2,000% in Government spending on health and housing in the past decade, declares Nunn, show...
...Black Tuesday itself some stocks could scarcely be given away. White Sewing Machine Corp., which had reached 48 not long before, had closed at 11 on Monday. On Tuesday someone-some say a messenger boy-suggested a bid of a dollar a share. Since there were no takers, he got a block of it. Reuben Thorson, 77, retired senior partner of Paine Webber, recalls, "The volume was so heavy that the tape was late by hours. We had no idea what the prices were...
...still am." Their chief problems center on her singing. Mickey tries to run her career for her. "He wants the complete say-so about everything," she sighs. While he has been touring with Sugar Babies, Jan, 40, has stayed at their home, just north of Los Angeles, which they share with her two sons by a former marriage...