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...unionization is attendant with innumerable problems which are all-too common in other sectors of the economy; perhaps most fearsome among them is that of leapfrogging wage settlements. If employees in similar job classifications are paid different wages simply because they are represented by different unions, then an inherent upward instability is introduced into the bargaining process. When one wage settlement is reached, it is bound to be duplicated, if not exceeded, elsewhere, and equal wages become an created serious financial woes for Columbia; the unattainable ideal. Skyrocketing wages and multiple settlements would also mean skyrocketing tuition, and a proliferation...
...receiving benefits relative to the number of people working. Between 2005 and 2035, the combined payroll tax on employer and employee would have to rise from about 12% of covered earnings to more than 16% of covered earnings, according to the Social Security advisory council. Should birth rates turn upward again, this long-range financing problem would be smaller. But if they decline or turn up less than the council assumed in making its projections, the problem would be worse...
Aspects of Frye's thesis are often as complex as his style is weighty. In brief, Frye's concept of Romance is based on the two charts of archetypal worlds he used so often in classes last year: the cyclical world moving around the earth, upward to heaven, downward toward hell, and then back to earth again; and the polarized world of identity and alienation. These worlds form the backdrop for his vast catalogue of common ascent and descent motifs in Romance, and the redemptive/demonic or fulfilled/alienated heroes and heroines that people them...
Despite heavy flurries of profit taking, the stock market last week continued its astonishing January upsurge. Moving upward on three of the five trading days, the Dow Jones industrial average rose a total 24.32 points to close the week at a lofty 953.95, the highest mark since October 1973. In fact, since the market suddenly came alive after the new year, the Dow Jones industrials have gained a striking 101.54 points for one of the steepest rises on record...
...direction. In late 1973, prices broke calamitously, wiping out some $473.5 billion in stock values over the next year and correctly forecasting the severity of the recession that followed. Then in December 1974, while the economy was plunging toward the bottom of the slump, the market began to turn upward smartly, anticipating the recovery that began last spring. During 1975, prices of shares listed on the New York Stock Exchange rose 38.7%, the second largest increase since World War II, though most of the advance occurred early in the year...