Word: trend
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Dates: during 1980-1989
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Students, parents and trend-conscious educators breathed sighs of relief last winter when Harvard College made it clear that, despite ever-rising costs and brutal budget cuts, it would hold fast to the practice of admitting all qualified applicants and offering all the needy ones full "need-based" aid packages to meet the school's skyrocketing fees...
Controversy has brewed for years on campus over the propriety of various Harvard investments, especially those in companies doing business in South Africa, marketing infant formula in the third world, and those relying extensively on nuclear power. Following a nationwide trend toward greater concern over nuclear weapons, University officials took a tentative first step in 1982 toward reevaluating another class of investments: those in firms helping to build nuclear weapons...
Before that happened, there had been plenty of reason for spirits to falter. The News lost $12.6 million in 1981, and its owner, the Chicago-based Tribune Co., estimated that losses could more than double in succeeding years. Unwilling to battle that trend, the Tribune Co. put the paper up for sale last Dec. 18. After three fallow months, the company announced that Texas Wheeler-Dealer Joe L. Allbritton was "buyer of last resort." But when Allbritton demanded a wage rollback and a one-third slash in the $190 million payroll, union leaders balked, and the "last resort" disappeared. Everyone...
...same time, Fraser recognizes that unions cannot just stand still and hope that their problems will go away. While working to safeguard the benefits of his members, Fraser is willing to accept change. Says he: "Automation and robots are an inevitable trend. You can't resist the introduction of robots or else you forget all about competition with the Japanese. But it has to be done in a rational, civilized...
...hand. Nonetheless, he was concerned enough to hold a new strategy session with his top tacticians. Says he: "In this kind of atmosphere you expect down days, because there are too many people in the market who take their profits and run. But right now we think the trend is still up." Rolland's optimistic outlook: if interest rates continue to decline and confidence in the economy grows stronger, the Dow Jones index will rise another 100 points...