Word: resultingly
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...rationalize the exorbitant cost of their education by viewing it as a prudent investment. Armed with bachelors’ degrees branded with Harvard’s prestigious name, many expect careers lucrative enough to exceed the nearly $200,000 spent during their four years in Cambridge. In order to result in a net utility gain and therein to serve as a judicious investment, the benefits of student’s time spent under the Crimson must exceed the costs—both the direct financial cost of attending, pegged at $48,868 for next year, and the indirect opportunity cost...
...education may be drastically overstated. By examining the incomes of adults who were accepted by a highly selective college but who choose to enroll at a less prestigious institution, Princeton economist Alan Krueger attempted to correct for such lurking factors as students’ maturity, motivation, and ambition that result in admission to competitive schools but also correlate with high earnings potential. His finding—that the adults who turned down the offer of elite education earned slightly more than their peers who pursued it—gives credence to the conclusion that Harvard students, not Harvard itself, account...
...other side of the statement of the Fed is a prospect which, far from being immodest, should cause every intelligent person in the country to shudder. If the great engineers of the plans to return the economy to health are wrong, the result will be a ship wreck, a catastrophe so large that it cannot be contained, no matter how much money the government is willing to invest...
...less while their executives take home more) and the billing staffs we have to hire to deal with them. This money does nothing for patients; it's a health-care expense that produces no health care. It could easily be eliminated with simple, intelligent, centralized payment rules. The result would be at least 5% more care for the money...
...public-private partnership, which would suggest that closer to three-fourths of students actually entered public service careers.Even last year’s decline in private sector employment—from 41 percent in 2007 to 35 percent—may not reflect a real change, but rather result from a higher student response rate to post-graduation surveys in 2008, casting doubt on the accuracy of the numbers that have fueled the debate.Still, Director of Degree Programs Joseph McCarthy says the numbers are somewhat concerning.“When that percentage [of students entering the private sector] begins...