Word: breakthroughs
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Dates: during 1970-1979
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That landmark ruling extended to a juvenile offender many rights that an adult can take for granted: the right to prompt notice of the charges against him, the right to consult a lawyer, to avoid self-incrimination and to cross-examine hostile witnesses. But though it was a breakthrough, the Gault ruling hardly signaled full legal status for children. "Children are the last 'niggers' of our society," says Larry Brown, director of the Boston Task Force on Children Out of School. But Gault at least got something started. As Brown observes: "We're on the verge...
...profession because the big jobs come only after hard structural and spatial lessons have been learned. For Breuer, his most commercially successful period began in 1953, when he was barely into his 50s. Though he was practicing on his own in New York by that time, his breakthrough came with a major commission in France: the UNESCO headquarters in Paris. With it, he burst out of the Bauhaus box and turned to concrete, becoming more adventurous in its use than any other U.S. architect except perhaps I.M. Pei. He faceted façades with angled, deep-set windows, niches...
...kind of mystical barrier in the minds of investors. The market's most closely watched barometer began flirting with 1000 as early as January 1966, but it always fell back without closing above that figure-to the chagrin of Wall Streeters who hoped that a widely ballyhooed breakthrough would give a big boost to public confidence in the market and usher in a new era of prosperity for the securities business. Last week, however, the Dow finally crashed through. On Tuesday it closed at 1003; later it wobbled back below 1000 but came back to close the week...
...that the breakthrough has been achieved, though, what does it really mean? In direct terms, not much for the general economy. A rising market tends to make people feel richer, and thus the publicity attending the breaching of 1000 might possibly prompt some additional consumer buying. John W. Corcoran, chief economist of Donaldson, Lufkin & Jenrette, a Manhattan investment house, also notes that higher stock prices make it easier for businessmen to raise money, by selling new shares or borrowing. At most, however, these are indirect effects...
...breakthrough above 1000, says Economist J. Kenneth Galbraith, "will encourage the susceptible, but mostly it was useful to people who needed an excuse to get drunk." Nobel Prizewinner Paul Samuelson views the feat as "a belated recognition of what has been happening to the rate of growth of the economy." The main question, he believes, is why the index took so long to break...