Word: annually
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Dates: during 1950-1959
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Four days before Ike's arrival, as Cabinet members and top military brass of 15 nations descended on Paris, the annual NATO Council meeting had opened. The setting was glossier and glassier than ever before. To replace the sagging "temporary" prefab it has occupied since 1952, NATO now inhabits a six-story, A-shaped (for "Atlantic") building containing $10 million worth of Danish and Belgian furniture, German and Dutch electronics devices, Italian marble, British kitchen equipment, U.S. airconditioning, and (alas) a French telephone system. But as if to prove Parkinson's law of "plans and plants,"* the first...
...longer at Massachusetts' Amherst College. There "gentleman C" and even B students whose performances do not measure up to their abilities have a new name: underachievers. With the title is awarded a mandatory one-year leave of absence from the college. Last week, in his annual report, Amherst President Charles W. Cole said that the college's program to unload loafers had fared well during its first experimental year and will be continued...
...economic competition between the U.S. and Soviet Russia. In the statistical numbers game, the experts point in alarm to the fact that Russia has grown to rank as the world's second greatest economic power in the space of 30 years. They cite a Russian annual-growth rate twice as fast as that of the U.S., a Russian gross national product that is around 45% of the U.S. figure, with estimates that the Reds will reach 55% within ten years. The bald figures are impressive, but they must be read in the context of what economists know about growth...
Amahl and the Night Visitors (NBC, 8-9 p.m.). NBC Opera Company's annual Christmas performance of Gian Carlo Menotti's modern classic...
...choosing Schering as his initial target, Senator Kefauver picked a good example of the high-profit potential of the drug industry. Set up in Bloomfield, N.J., in 1935 by Germans to make sex hormones, Schering had only $3,000,000 in annual sales when the Government confiscated the company in 1942, and put Francis Brown, then a young Government attorney, in charge. The Government sold the company for $29 million in 1952, and within five years its yearly net exceeded that. But success was not guaranteed. A year after the stock went on the market at $17.50, it dropped...