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73rd Year - No. 291 Good Morning! It's Tuesday, August 25, 1981 2 Sections - 34 Pages - 25 rte Bonds sink to record lows; stocks dive NEW YORK ( UPI) - Bond and stock prices plummeted Monday In one of the worst days In Wall Street history amid fears the Reagan administration's 1962 budget def-icit may be larger than expected and leave interest rates at near record highs. Bond prices sank to record lows in a rout mat could make it virtually impossible for states and cities to raise money for needed services. And analysts held out little hope of improvement in the near term as high inter-est rates make short- ter- m Instruments paying up to 18 percent much more attrac-tive than the long- ter- m bonds. Analysts said the crowding out of the mu-nicipal and corporate sectors of the bond market by heavy Treasury borrowing has put the municipal market in a near crisis. All Treasury issues with maturities of three years or longer were at record lows, with the key Treasury 30- ye- ar bond sinking roughly three points from Friday's level to dose at 95. A Triborough Bridge and Tunnel Authority 30- ye- ar bond worth $ 1,000 last week plunged to $ 950. Stocks took their cue from bonds. The Dow Jones industrial average based on the prices of 30 blue- chi- p industrial stocks dove 20.46 points to close at 900.11, its lowest level since it hit 891.13 on July 11, 1980. The closely watched indicator lost 7.80 points Fri-day and 16.36 overall last week. The loss was the worst since the Dow fell 23.80 points on Jan. 7 after a Wall Street fore-caster advised clients to sell. The January plunge also was shortly before Ronald Rea-gan took office promising a new economic package of tax and budget cuts. The New York Stock Exchange index skidded 2.18 to 72.92, the worst setback in its history. Analysts said the main factor behind the rout was Investor discouragement over the Federal Reserve's report late Friday that the nation's money supply climbed $ 800 mil-lion in the latest week following a $ 5.1 billion surge the previous week. Analysts had ex-pected a smaller figure. The figures mean near- recor- d high inter-est rates won't decline in the near future, and the Fed -- won't ease up on its tight money policy. Wall Street also is worried that President Reagan has underestimated the budget defi-cit for fiscal 1982, and that the Treasury will . - i have to borrow more heavily than antic-ipated. " This is a market acting like a child in a tantrum," Dreyfus Corp. Vice President Monte Gordon said. " There is growing fear that the Reagan program may come unglued and create more inflationary problems. The wild card is that the deficit could be $ 20 bil-lion more than Reagan has anticipated. There is frustration and investors are throw-ing in the towel." The benefit of the tax cut doesn't come into effect until later, Gordon said, and it could be stimulative at the wrong time. As the school bell rings, children at Ridgeway Elementary School head for classes. o Day One: Classroom anxieties ByJeffBaron Miesourian staff writer Sole Urioste started school in Co-lumbia Monday. So did her daugh-ter. The 11,000 or so children who started the new school year Mon-day learned that golden summers end. Ms. Urioste learned that lesson several years ago, but she was back in class in a Comprehensive Em-ployment and Training Act pro-gram for office skills. And she went through the first- da- y jitters just like everybody else. ' Tor me there was a little bit of apprehension and a little bit of ner-vousness in going back to school, but once I was here I saw it would be fine," Ms. Urioste said during her lunch break at Douglas School. The school, at Park Avenue and Providence Road, houses several and pleasures for new students district programs, many aimed at adults. As busy as the first day of school was, the building was quiet, and no children ran the hallways. Half a mile away, the halls of the Field School were filled with chil-dren. David Smith, a 9- yea-r- old in the third grade, also admitted to be-ing nervous his first day in Colum-bia schools. He and his family fin-ished the long drive to Columbia, their new home, from Sacramento, Calif., the night before school started. By lunchbme David had gone through registration and was set-tled into his class. " It's good so far," David said. The teacher is nice, he decided, and that had been his biggest worry. David said he left lots of friends in California. But be wasn't worried about fitting in with his new class-mates. And Columbia has some good points, he said. Most of bis relatives live here, and his grandmother has promised to teach him how to oper-ate her ham radio. Debbie Anderson, a 9- year- - old in the fourth grade, is another new ar-rival at Field School. Her family moved to Columbia from Lincoln, Neb., in June. " I was scared to go to school, and I told my mom, ' I'm not going to school,' " she said, laughing. " And she said, The next day you'll go to school and the tddsll be there and say, " Who's this crazy person? Why wasn't she here yester-day?" ' " So Debbie went to school Monday, and she was satisfied. Her teacher was nicer than the old ones, she said, and " it's always fun when you go any place the first day." After school, Debbie planned to go swimming with one of her new friends from the neighborhood. After she got out of school, Sole Urioste planned to find out how her daughter did in kindergarten. They could trade stories about their first day. " Christina is 5 years old, and she asked me, ' Mommy, you're going to school? What are you going to leam?' " Christina was nervous about starting school and excited about wearing the new dress her grand- - ( See GROWN- UP- S, Page 14A) Kinsey study disputes theories linking parents, homosexuality NEW YORK ( UPI) - Homosex-uals are born that way and not made by domineering moms or weakling dads, says a Kinsey Institute for Sex Research study suggesting a hormo-nal link affecting an estimated 10 percent of the world's population. Findings in the study funded by the National Institute of Mental Health counter theories that homo-sexuality is a product of upbringing rather than biology. Dr. Alan Bell, senior investigator of the report to be published in two volumes by Indiana University Press in November, told United Press International Monday:. " We found homosexuality gen-- . der non- conform- ity ! s deep- seate- d and not something that one chooses to be or not to be. Further research win be needed to prove a possible hormonal link." Researchers interviewed almost 1,500 people in 1970- 7- 1 both homo-sexual and heterosexual in the San Francisco area and asked them 200 questions about childhood and adolescence. Each interview took five hours. . The study takes parents of homo-sexuals off the guilt hook and shows the futility of trying to get homosex-uals to change " swimming against their developmental history can cause grave difficulties." Bell estimated 10 percent of the males and females in any country in the world are born with gender non-conformity a trait be said is a pre-dictor of homosexual preference. Signs of inborn homosexuality can show up " as early as 4 or 5. years of age," besaid. Tomboyism in girls and effemi- nanc- y in boys signal a pre- schc- ol child born into gender non- conformi- ty, the researcher said. Bell said a person does not become homosexual overnight. " We have found this inborn ten-dency and raise the possibility that it is a very deeply seated set of im-pulses and yearnings," be said. " The most important aspect in sexual orientation is not so much about sex, per se, but about with whom you fall in love." He said the romantic attraction In homosexuality is of the " Romeo and Juliet" type except, of course, it comes out " Romeo and Romeo" or " Juliet and Juliet." If romantic leanings for the same sex are in " the natural order" of things for about 10 percent of human beings, as Bell suggests, what about condemnations of gays by church-men and punishment set by law? Bell said the moral and legal con-cepts of homosexuality may need to change. " If it's a basic hormonal thing . . . then the implication is that one can-not legislate against a state over which a person has no control," he said. Bell said further studies will be needed to prove the biology behind the new theory. Levels of estrogen and testosterone the male and fe-male hormones would be mea-sured. But Bell said no funding is in sight for such research. In town today 9: 38 a. m. County Court meets, court chambers,-- fifth floor, County- Cit- y Building. Inside today Welcome Back! University students are back in town for the start of classes' Wednesday, and the Columbia MIssourian salutes their arri-val with a special 20- pa- ge sec-tion today. Index Business . .7A . Classified . g- ii- A Opinion .4A Sports MA Theater .. . ..... 12A Weather . .... za City's schools easily glide into routine By Karen Sloan Missourian staff writer Despite the 89- degr- ee heat, Co-lumbia Public School administra-tors said the first day of school went smoothly Monday. Enrollment dropped less than 1 percent compared to last year, said Superintendent Russell V. Thomp-son. Some 10,971 students have signed up to attend school this year, com-pared with 11,075 for the first day last year. The figures indicate that enrollment in the district has stabi-lized, Thompson said. Roy Willard, principal of Jeffer-son Junior High School, said the ex-pected number of students 1,043 enrolled in his school. He was pleased with the first- da- y atmo-sphere. " The kids seem to be ready to go back to school,' ' he said. Muriel Battle, principal of West Junior High, attributed " the smoo-thest opening I've ever seen" to the fact that students " did what they were supposed to do" and picked up their schedules in advance. " We're terribly, terribly busy typical first day," said Peggy Ann Jennings, who answers the phone at the Board of Education offices. " But it wasn't as bad as I thought it was going to be." James Bitter, community rela-tions director for the school district, said the move of the district offices from Range Line Road to Worley Street caused a few difficulties in mixed up paperwork for school reg-istration, but officials were com-pensated for that inconvenience by the extra space they have in the new building. No special problems were report-ed in the elementary schools. The day went " as well as ever, if not better," said Bob Lincoln, prin-cipal of the Eugene Field Elemen-tary School. " If the rest of the year would go as well, we'd have it made." Richard Muzzy, West Boulevard Elementary School principal, called the first day of classes " about the smoothest opening we've ever had. We have mostly the same staff as last year and they know our routine, so that's good." He said he heard about only one bus problem during the morning transportation to school, but said there might be more logistical problems with the buses today, since the morning and afternoon Related story Pagel3A kindergarteners will be added to the bus schedules. Ritter said, " The bus ( routes) seem to have gone quite well." He acknowledged that some mixups and overloads in transporting 5,000 students are likely, but he said those problems will be worked out during the first week to 10 days of school. The school district contracts with Rustman Bus Co. to provide service for all elementary school students who live more than a mile from school, and junior high and high school students more than two miles from school. This is the third year that Rustman has operated buses for the district. The first day's problems were mostly with special education stu-dents, who are scattered through-out the district, and with families who moved onto a different bus route in town and did not inform the school or the bus company, said company spokeswoman Pat Vaa- landingha- m. But for the most part, she. said, things ran smoothly on the 67 regu-lar bus routes. The company suc-cessfully juggled the buses to pick up all of the special education stu-dents, even though at one point in the afternoon, about 3: 30, it ran out of buses at headquarters and had to contact bus drivers already driving routes to detour and pick up extra passengers. The first day at Rock Bridge High School " went very well no prob-lems at all," said principal Wayne Walker. " We had everybody in class by the end of the first period." He said only about 40 students among more than 850 hadn't picked up their schedules before Monday, and only two or three had not yet enrolled. Hickman High School Principal Kenneth Clark said the first day of school mis year was more orderly than last year. He said more stu-dents registered in advance this year and building remodeling didn't interfere with first- da- y activities as it did last year. Some students at Hickman faced the usual first- da- y difficulties. Sophomore Ted Farhangi, 2602 Luan Court, couldn't get his locker open. " We've got assignments al-ready," complained senior Dawn Wright, 2201 Rose Drive. Graduate education in U. S. in trouble By Fred M. Hechinger New York Times NEW YORK Graduate educa-tion in the United States is caught in a war of attrition. Its sources of sup-port are being drained by federal budget cuts and reduced aid from foundations. In the humanities, its students are demoralized by the prospect of unemployment; in sci-ence and technology, its most prom-ising talent is being gobbled up by in-dustry without regard for the' universities' continuing need for teachers and researchers. Such a de-pletion of the teaching pool would leave aging faculties whose mem-bers had made their contributions to fast- movin- g research fields a gener-ation ago. Testimony on these alarming de-velopments has been given before congressional committees, in schol-arly journals and in university presi-dents reports; but politicians and the public pay little attention to a matter that seems to them remote just now, when economic and nation- - Insight al security issues dominate their concerns. Yet in the view of many experts, a decline in the quality of graduate teaching and research may be the most serious long- ter- m threat to the nation's internal and external strength. American graduate schools have been the country's trump card in in-ternational competition. It is in their classrooms and laboratories mat the battles for supremacy in science and technology have been won in the past and may be lost in the future. Young scholars from around the globe have flooded American univer-sities. In a technology- depende- nt world, these institutions play a role comparable to that of the land- gra- nt celled as pioneers of modern agri-culture over a century ago. Different sectors of graduate edu-- ( See COLLEGES, Page MA)
Object Description
Title | Columbia Missourian Newspaper 1981-08-25 |
Description | Vol. 73rd Year, No. 291 |
Subject |
Columbia (Mo.) -- Newspapers Boone County (Mo.) -- Newspapers |
Coverage | United States -- Missouri -- Boone County -- Columbia |
Language | English |
Date.Search | 1981-08-25 |
Type | Newspapers |
Format | |
Collection Name | Columbia Missourian Newspaper Collection |
Publisher.Digital | University of Missouri Library Systems |
Rights | These pages may be freely searched and displayed. Permission must be received for distribution or publication. |
Contributing Institution |
State Historical Society of Missouri University of Missouri--Columbia. School of Journalism |
Copy Request | Contact the State Historical Society of Missouri at: (800) 747-6366 or (573) 882-7083 or email contact@shsmo.org. Some fees apply:http://shsmo.org/research/researchfees |
County |
Boone County (Mo.) |
Description
Title | Full Page |
Date.Search | 1981-08-25 |
Type | page |
Item.Transcript | 73rd Year - No. 291 Good Morning! It's Tuesday, August 25, 1981 2 Sections - 34 Pages - 25 rte Bonds sink to record lows; stocks dive NEW YORK ( UPI) - Bond and stock prices plummeted Monday In one of the worst days In Wall Street history amid fears the Reagan administration's 1962 budget def-icit may be larger than expected and leave interest rates at near record highs. Bond prices sank to record lows in a rout mat could make it virtually impossible for states and cities to raise money for needed services. And analysts held out little hope of improvement in the near term as high inter-est rates make short- ter- m Instruments paying up to 18 percent much more attrac-tive than the long- ter- m bonds. Analysts said the crowding out of the mu-nicipal and corporate sectors of the bond market by heavy Treasury borrowing has put the municipal market in a near crisis. All Treasury issues with maturities of three years or longer were at record lows, with the key Treasury 30- ye- ar bond sinking roughly three points from Friday's level to dose at 95. A Triborough Bridge and Tunnel Authority 30- ye- ar bond worth $ 1,000 last week plunged to $ 950. Stocks took their cue from bonds. The Dow Jones industrial average based on the prices of 30 blue- chi- p industrial stocks dove 20.46 points to close at 900.11, its lowest level since it hit 891.13 on July 11, 1980. The closely watched indicator lost 7.80 points Fri-day and 16.36 overall last week. The loss was the worst since the Dow fell 23.80 points on Jan. 7 after a Wall Street fore-caster advised clients to sell. The January plunge also was shortly before Ronald Rea-gan took office promising a new economic package of tax and budget cuts. The New York Stock Exchange index skidded 2.18 to 72.92, the worst setback in its history. Analysts said the main factor behind the rout was Investor discouragement over the Federal Reserve's report late Friday that the nation's money supply climbed $ 800 mil-lion in the latest week following a $ 5.1 billion surge the previous week. Analysts had ex-pected a smaller figure. The figures mean near- recor- d high inter-est rates won't decline in the near future, and the Fed -- won't ease up on its tight money policy. Wall Street also is worried that President Reagan has underestimated the budget defi-cit for fiscal 1982, and that the Treasury will . - i have to borrow more heavily than antic-ipated. " This is a market acting like a child in a tantrum," Dreyfus Corp. Vice President Monte Gordon said. " There is growing fear that the Reagan program may come unglued and create more inflationary problems. The wild card is that the deficit could be $ 20 bil-lion more than Reagan has anticipated. There is frustration and investors are throw-ing in the towel." The benefit of the tax cut doesn't come into effect until later, Gordon said, and it could be stimulative at the wrong time. As the school bell rings, children at Ridgeway Elementary School head for classes. o Day One: Classroom anxieties ByJeffBaron Miesourian staff writer Sole Urioste started school in Co-lumbia Monday. So did her daugh-ter. The 11,000 or so children who started the new school year Mon-day learned that golden summers end. Ms. Urioste learned that lesson several years ago, but she was back in class in a Comprehensive Em-ployment and Training Act pro-gram for office skills. And she went through the first- da- y jitters just like everybody else. ' Tor me there was a little bit of apprehension and a little bit of ner-vousness in going back to school, but once I was here I saw it would be fine," Ms. Urioste said during her lunch break at Douglas School. The school, at Park Avenue and Providence Road, houses several and pleasures for new students district programs, many aimed at adults. As busy as the first day of school was, the building was quiet, and no children ran the hallways. Half a mile away, the halls of the Field School were filled with chil-dren. David Smith, a 9- yea-r- old in the third grade, also admitted to be-ing nervous his first day in Colum-bia schools. He and his family fin-ished the long drive to Columbia, their new home, from Sacramento, Calif., the night before school started. By lunchbme David had gone through registration and was set-tled into his class. " It's good so far," David said. The teacher is nice, he decided, and that had been his biggest worry. David said he left lots of friends in California. But be wasn't worried about fitting in with his new class-mates. And Columbia has some good points, he said. Most of bis relatives live here, and his grandmother has promised to teach him how to oper-ate her ham radio. Debbie Anderson, a 9- year- - old in the fourth grade, is another new ar-rival at Field School. Her family moved to Columbia from Lincoln, Neb., in June. " I was scared to go to school, and I told my mom, ' I'm not going to school,' " she said, laughing. " And she said, The next day you'll go to school and the tddsll be there and say, " Who's this crazy person? Why wasn't she here yester-day?" ' " So Debbie went to school Monday, and she was satisfied. Her teacher was nicer than the old ones, she said, and " it's always fun when you go any place the first day." After school, Debbie planned to go swimming with one of her new friends from the neighborhood. After she got out of school, Sole Urioste planned to find out how her daughter did in kindergarten. They could trade stories about their first day. " Christina is 5 years old, and she asked me, ' Mommy, you're going to school? What are you going to leam?' " Christina was nervous about starting school and excited about wearing the new dress her grand- - ( See GROWN- UP- S, Page 14A) Kinsey study disputes theories linking parents, homosexuality NEW YORK ( UPI) - Homosex-uals are born that way and not made by domineering moms or weakling dads, says a Kinsey Institute for Sex Research study suggesting a hormo-nal link affecting an estimated 10 percent of the world's population. Findings in the study funded by the National Institute of Mental Health counter theories that homo-sexuality is a product of upbringing rather than biology. Dr. Alan Bell, senior investigator of the report to be published in two volumes by Indiana University Press in November, told United Press International Monday:. " We found homosexuality gen-- . der non- conform- ity ! s deep- seate- d and not something that one chooses to be or not to be. Further research win be needed to prove a possible hormonal link." Researchers interviewed almost 1,500 people in 1970- 7- 1 both homo-sexual and heterosexual in the San Francisco area and asked them 200 questions about childhood and adolescence. Each interview took five hours. . The study takes parents of homo-sexuals off the guilt hook and shows the futility of trying to get homosex-uals to change " swimming against their developmental history can cause grave difficulties." Bell estimated 10 percent of the males and females in any country in the world are born with gender non-conformity a trait be said is a pre-dictor of homosexual preference. Signs of inborn homosexuality can show up " as early as 4 or 5. years of age," besaid. Tomboyism in girls and effemi- nanc- y in boys signal a pre- schc- ol child born into gender non- conformi- ty, the researcher said. Bell said a person does not become homosexual overnight. " We have found this inborn ten-dency and raise the possibility that it is a very deeply seated set of im-pulses and yearnings," be said. " The most important aspect in sexual orientation is not so much about sex, per se, but about with whom you fall in love." He said the romantic attraction In homosexuality is of the " Romeo and Juliet" type except, of course, it comes out " Romeo and Romeo" or " Juliet and Juliet." If romantic leanings for the same sex are in " the natural order" of things for about 10 percent of human beings, as Bell suggests, what about condemnations of gays by church-men and punishment set by law? Bell said the moral and legal con-cepts of homosexuality may need to change. " If it's a basic hormonal thing . . . then the implication is that one can-not legislate against a state over which a person has no control," he said. Bell said further studies will be needed to prove the biology behind the new theory. Levels of estrogen and testosterone the male and fe-male hormones would be mea-sured. But Bell said no funding is in sight for such research. In town today 9: 38 a. m. County Court meets, court chambers,-- fifth floor, County- Cit- y Building. Inside today Welcome Back! University students are back in town for the start of classes' Wednesday, and the Columbia MIssourian salutes their arri-val with a special 20- pa- ge sec-tion today. Index Business . .7A . Classified . g- ii- A Opinion .4A Sports MA Theater .. . ..... 12A Weather . .... za City's schools easily glide into routine By Karen Sloan Missourian staff writer Despite the 89- degr- ee heat, Co-lumbia Public School administra-tors said the first day of school went smoothly Monday. Enrollment dropped less than 1 percent compared to last year, said Superintendent Russell V. Thomp-son. Some 10,971 students have signed up to attend school this year, com-pared with 11,075 for the first day last year. The figures indicate that enrollment in the district has stabi-lized, Thompson said. Roy Willard, principal of Jeffer-son Junior High School, said the ex-pected number of students 1,043 enrolled in his school. He was pleased with the first- da- y atmo-sphere. " The kids seem to be ready to go back to school,' ' he said. Muriel Battle, principal of West Junior High, attributed " the smoo-thest opening I've ever seen" to the fact that students " did what they were supposed to do" and picked up their schedules in advance. " We're terribly, terribly busy typical first day," said Peggy Ann Jennings, who answers the phone at the Board of Education offices. " But it wasn't as bad as I thought it was going to be." James Bitter, community rela-tions director for the school district, said the move of the district offices from Range Line Road to Worley Street caused a few difficulties in mixed up paperwork for school reg-istration, but officials were com-pensated for that inconvenience by the extra space they have in the new building. No special problems were report-ed in the elementary schools. The day went " as well as ever, if not better," said Bob Lincoln, prin-cipal of the Eugene Field Elemen-tary School. " If the rest of the year would go as well, we'd have it made." Richard Muzzy, West Boulevard Elementary School principal, called the first day of classes " about the smoothest opening we've ever had. We have mostly the same staff as last year and they know our routine, so that's good." He said he heard about only one bus problem during the morning transportation to school, but said there might be more logistical problems with the buses today, since the morning and afternoon Related story Pagel3A kindergarteners will be added to the bus schedules. Ritter said, " The bus ( routes) seem to have gone quite well." He acknowledged that some mixups and overloads in transporting 5,000 students are likely, but he said those problems will be worked out during the first week to 10 days of school. The school district contracts with Rustman Bus Co. to provide service for all elementary school students who live more than a mile from school, and junior high and high school students more than two miles from school. This is the third year that Rustman has operated buses for the district. The first day's problems were mostly with special education stu-dents, who are scattered through-out the district, and with families who moved onto a different bus route in town and did not inform the school or the bus company, said company spokeswoman Pat Vaa- landingha- m. But for the most part, she. said, things ran smoothly on the 67 regu-lar bus routes. The company suc-cessfully juggled the buses to pick up all of the special education stu-dents, even though at one point in the afternoon, about 3: 30, it ran out of buses at headquarters and had to contact bus drivers already driving routes to detour and pick up extra passengers. The first day at Rock Bridge High School " went very well no prob-lems at all," said principal Wayne Walker. " We had everybody in class by the end of the first period." He said only about 40 students among more than 850 hadn't picked up their schedules before Monday, and only two or three had not yet enrolled. Hickman High School Principal Kenneth Clark said the first day of school mis year was more orderly than last year. He said more stu-dents registered in advance this year and building remodeling didn't interfere with first- da- y activities as it did last year. Some students at Hickman faced the usual first- da- y difficulties. Sophomore Ted Farhangi, 2602 Luan Court, couldn't get his locker open. " We've got assignments al-ready," complained senior Dawn Wright, 2201 Rose Drive. Graduate education in U. S. in trouble By Fred M. Hechinger New York Times NEW YORK Graduate educa-tion in the United States is caught in a war of attrition. Its sources of sup-port are being drained by federal budget cuts and reduced aid from foundations. In the humanities, its students are demoralized by the prospect of unemployment; in sci-ence and technology, its most prom-ising talent is being gobbled up by in-dustry without regard for the' universities' continuing need for teachers and researchers. Such a de-pletion of the teaching pool would leave aging faculties whose mem-bers had made their contributions to fast- movin- g research fields a gener-ation ago. Testimony on these alarming de-velopments has been given before congressional committees, in schol-arly journals and in university presi-dents reports; but politicians and the public pay little attention to a matter that seems to them remote just now, when economic and nation- - Insight al security issues dominate their concerns. Yet in the view of many experts, a decline in the quality of graduate teaching and research may be the most serious long- ter- m threat to the nation's internal and external strength. American graduate schools have been the country's trump card in in-ternational competition. It is in their classrooms and laboratories mat the battles for supremacy in science and technology have been won in the past and may be lost in the future. Young scholars from around the globe have flooded American univer-sities. In a technology- depende- nt world, these institutions play a role comparable to that of the land- gra- nt celled as pioneers of modern agri-culture over a century ago. Different sectors of graduate edu-- ( See COLLEGES, Page MA) |