Word: 80s
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Since Rudenstine became President in 1991, Harvard's tuition increases have slowed from the double digit increases students saw in the early '80s. Still, one year as a Harvard undergraduate costs about the same as a Mercedes "C" class sedan...
Frank Sullivan will have one of his former players return to him this coming basketball season. After playing under Sullivan, who at the time was the head coach at Bentley College in the late 80s, Bill Holden makes a move to the Ivy League...
...80s Soros began to build his philanthropic empire. One of his first ventures was in his native Hungary, where he supplied the country with photocopiers, an inspired application of technology to fight censorship. As the democracy movement gained momentum throughout Europe, Soros swept in to fund it, at times acting as a one-man central bank for struggling countries. He established philanthropic offices all over Eastern Europe. Nominally centered in New York City under the direction of Aryeh Neier, the former head of Human Rights Watch, Soros' network of foundations in 31 countries employs about 1,300 people. Soros...
...world the Mac's cheerful desktop icons, and Bill Gates, the brilliant and ruthless competitor whose Microsoft tamed the world with Windows after sneaking in behind those scary columns of DOS code. Their battle for control of the home computer suggested '60s barricades re-erected for the corporate '80s: Yin vs. Yang. Luke vs. Vader. Kennedy vs. Nixon. Jeans vs. Pinstripes. Art vs. Commerce...
...falls because dividends get taxed as ordinary income--a higher rate for most investors. Yet big stocks have been rising fastest all year, and that could persist. Why? Big stocks, as defined by the S&P 500, now have a measly 1.6% dividend yield, vs. 6% in the early '80s. In short, they're also being managed for growth instead of income. Of course, the market reacts to many things in the economy, not just tax changes. So nothing is certain, except that the old tools just don't work the way they used...