Word: bank
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Dates: during 1960-1969
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Ever since it began training teachers, Bank Street has shunned "how to teach" courses, insisted that, as Vice President Charlotte Winsor explains, "the first step in learning to be a teacher is learning how to learn." On that principle, the school accepts only graduate students who already hold liberal arts degrees from other colleges. It throws its students immediately into practice teaching in the public schools, emphasizes individual instruction, and hopes that its graduates will get the idea that teaching is not a mass-production matter. "We try to do unto teachers as we hope they will do unto their...
...also broke away from moralistic story books with adult vocabularies, wrote her own Here and Now Story Book in words that kids really use. Bank Street, accenting city settings and depicting both Negroes and whites, also turned out one of the nation's first "integrated" textbooks. Still, while Mrs. Mitchell, now 88, adopted many Dewey ideas to make school a happy experience, she deplored the progressive schools that overemphasized "life adjustment." They were likely, she warned, to "raise a generation of well-adjusted morons...
...impact, Bank Street College, now headed by John Niemeyer, 58, is still a small school. It has only 120 full-time students, all pursuing a master's degree, and 238 children in its laboratory school-which last year received 250 applications for 31 openings. Yet Bank Street is bigger in accomplishment than many schools a hundred times its size. And, befitting its new stature after half a century of pioneering, it has acquired a site near Columbia University, where it plans to build a new $5,000,000 building...
...most important gathering of the world's moneymen is the annual meeting of the directors of the World Bank and the International Monetary Fund. Lately the U.S. has found it necessary at these meetings to promise to keep the dollar as good as gold...
Last week, as the governors of the 104-member nations of the Bank and Fund met in Washington, the U.S. found it easier to keep quiet and let others do the talking. "Personally, I don't see how any currency can be considered better than the dollar," said the Fund's managing director Pierre-Paul Schweitzer. "We see no unloading of the dollar in the private sectors, from private holdings, for conversion into gold. This alone is distinct proof of the soundness of the dollar...