Word: boom
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...main ways that Californians have been financing the state's housing boom is with short-term loans in which virtually all of the principal comes due in a single so-called balloon payment, usually within two to five years. Homeowners had assumed that their houses would continue appreciating in value and that they would be able to borrow against the equity to pay off the balloon loan. But prices are now stagnating, and new loans are hard to get. Nearly $500 million of these balloon mortgages are coming due in California this year, and Shulman and other economists fear...
...authored in 1945, became the foundation for Harvard's famous distribution requirements system, and the "Gen Ed" plan for liberal education was immediately imitated by colleges across the country. Finley recalls that one impetus for this project was his fear that the expected post-World War II technology boom would eventually lead to an "evaporation" of interest in the social sciences and humanities. Calling the origin of Gen Ed "another great event," Finley points to one of the plan's earliest successes: Humanities 3, which he taught with Harry Levin '33, Babbit Professor of Comparative Literature. "The Epic...
...Pierce, George Lyman Kittredge, Charles Townsend Coppland) that had distinguished their predecessors. The clubs carried on, but as D.U. member Peter S. Prescott '57 insists. "It was impossible to underestimate their importance;" they were rapidly giving way to mere Pierian organizations-The Crimson, for one, which underwent in great boom in the 1950's. This period saw the birth of "diversity," a phrase that replaced "exclusively" on the tongues of Harvard men. True, the diversity went only so far (leaf through a 1950s vintage Yearbook some time; a Black face appears every fifth or sixth page). Still, by 1961 diplomas...
There were 44 seniors in the Greenfield class, quite a drop from the high of 72 who graduated in 1979. The baby boom has run out. Only about half of the 100th class will go to college, estimated Superintendent William Sandholm. That is an admission of retreat before the economic realities of these times and the Reagan Administration's budget cuts. ("Dutch" Reagan's sportscasts of Big Ten football and major league baseball from Des Moines entertained many of these Greenfielders a half-century...
Much as Miss Piggy might like to claim that moi is responsible, the porker boom began long before the Muppets' superstar made her bow. Miss P., sniffs Lucinda Vardey, co-author of the anthology of pig lore, Pigs: A Troughful of Treasures (Macmillan; $14.95), "has done a lot for pig relations, but she is not a true pig. She is purely human and has very few pig qualities." Vardey's collaborator, Sarah Bowman, feels that the pig boomlet has ancient roots. "The love of pigs is an inborn thing," she says. "I have always thought that wallowing...