Word: tokening
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...next seven years Hinckley attended classes more than half the time. By 1977 he had dropped business in favor of liberal arts and earned at least a B average-good enough to be on the dean's list. But once away from home, he made not even a token effort to fashion a social life. Says a Texas Tech spokesman:-"We can't find a single university-recognized activity he participated...
After the 1980 strike, the MTA, already running $400 million in the red, raised the fare from 50? to 60?. Even without a cutback in federal funding, the price of a token could rise to $ 1 by summer. One survey shows that 50% of New York's riders would willingly pay the dollar if it would mean safer, more efficient service. But the higher fare is unlikely to bring any such improvements. Although the massive system would cost $55 billion to replace, only $300 million a year is being spent on rehabilitation and improvement, $700 million short of what...
...trendy, left-of-center Observer had been in danger of failing until it was bought in 1976 for the token price of ? 1-plus its outstanding debts-by Atlantic Richfield Co., the U.S.'s seventh largest oil company. Arco spent about $14 million to modernize production facilities, and under its ownership, circulation rose from 600,000 to nearly 1 million. Arco Chairman Robert O. Anderson had been eager to sell it, partly because he was finding it burdensome to oversee the paper's operations from his Los Angeles headquarters more than 5,000 miles distant. Said an Arco...
...surprising that WEAL sources now fear Harvard will "slip through" departmental scrutiny. The battle for true affirmative action at the K-school will not be won through the Department of Labor, WEAL and the students increasingly recognize, and they vow to continue pressuring the school for more than token gestures in the "post-complaint" era. It will be a hard fight...
Prop 13 changed all that. In short, the measure rolled back all assessments to the 1975-76 levels, with only token increases for inflation. Only new homes would be assessed at market value. So homeowners, particularly owners of large homes, saved as much as $5,000, while modest homeowners saved a few hundred dollars. New home buyers--usually young families--gained little because their homes were assessed at the values they paid for them. Landlords earned windfalls, and renters saved only what their landlords chose to pass along--usually very little. The biggest winners of all were the corporate property...