Word: transferals
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...when the actual moment comes for the new President to raise his hand, take the oath and address his countrymen for the first time as their Chief Executive, all the old cliches come freshly true. It is a majestic combination of continuity and change. It does mark a peaceful transfer of awesome power, as remarkable for its ordinariness in the U.S. as for its rarity in the rest of the world. It does for a moment unite all Americans, however they voted, in hope that their new chief can lead wisely...
Imagine a major airline that seems to go out of its way to put its passengers in a blind rage: it routinely denies them assigned seats, refuses to transfer their baggage or arrange connections, and crams them three abreast into planes with only crackers and cookies to nibble. It sells no tickets through the industry's computerized reservations system and avoids flying to many large- city airports. As though to compensate for all this, its chief executive dresses in clown suits and Elvis costumes and paints his planes to resemble whales...
...many cases, the transfer of wealth is such that it has even put strains on the older generation. San Francisco lawyer William Bagley, for example, says the ongoing needs of his children mean that he has "no realistic hope of retirement," even though he earns several hundred thousand dollars a year and has some $500,000 in liquid assets. He has put three children through college, and is supporting two more in graduate school. He has also helped three of his children buy homes. In 1989 Bagley gave his daughter Lynn, 40, $30,000 to help cover a down payment...
...said the policy used last year receivedmixed reviews, although allowing transfers to bedetermined intra-house lotteries was generallyapproved. Previously, would-be transfer studentscould only apply to fill any leftover spaces inthe summer, and had to float into the house ifaccepted...
Shinagel said his main concerns are that highlyliberalized transfer rules could adversely affectstability and diversity in the houses...