Word: boarding
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Dates: during 1960-1969
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Whether young trustees will actually influence their elders remains to be seen. Vanderbilt has made room for four students on its 36-member board, but they are still a compact minority. J. L. Zwingle, director of the Association of College Governing Boards, scoffs at the youth-leaning trend as "cosmetic, not substantive." The real decisions, he says, "are made in the committees of administrators and faculty." Still, many students see the appointment of young people to a school's highest policy-making body as at least a welcome step in the right direction...
Among his early efforts, Skolnick brought suits to reapportion electoral districts for the Illinois Supreme Court and the state appellate court, the Cook County board of commissioners and the Chicago city council. In the process, he devised a strategy called "guerrilla law," which he defines as an "unorthodox but legal means of fighting judicial impropriety." His favorite tactic is to move that a judge disqualify himself from a case because of alleged bias. During a 1966 suit calling for reapportionment of city-council electoral districts, Skolnick discovered that Federal Judge William J. Campbell had once been a director...
...July rose at an annual rate of 6% . That was down from a 7.2% rate in June, but little comfort can be taken from the fact. The 3.6% rise in prices between January and July was the greatest for the period since 1951. But a special Federal Reserve Board study shows that businessmen plan little increase in spending for new factories and equipment during the rest of this year. Such outlays have been a major source of inflationary pressure, and for all of 1969 the Reserve Board expects capital spending to rise fully 12½% to $72.2 billion. Most...
Fears of Recession. The big fear among bankers is that the Federal Reserve will misinterpret the decline in interest rates, which bankers regard as a sign that tight-money policies are succeeding in cooling the economy. If the Board instead concludes that lower rates signify that the nation's money supply should be tightened even more, the resulting squeeze on banks could have serious repercussions. Bankers are not alone in believing that, at the worst, additional tightening could provoke a recession. Raymond J. Saulnier, Eisenhower's last chairman of the Council of Economic Advisers, warned last month that...
Federal Reserve Board Chairman William McChesney Martin recently told Congress that high interest rates are "not a goal" of the Board's policy. He implied that he would be happy to see the economy lose enough steam to let rates fall. Still, there is scant chance that the Fed will ease its squeeze on money any time soon, if only because price increases are proving so difficult to arrest...