Word: broking
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Dates: during 1960-1969
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...million and is reduced by $17 million (33 per cent) the "padded" indirect costs would be $10 million maximum, and more likely $4 million. Would that put Harvard in receivership? If Harvard's $1 billion endowment principal were applied to this gap, Harvard wouldn't go broke for 250 years. This obviously oversimplifies the finances involved, because of restrictions on some portions of the endowment, but the comparison places the problem in perspective. New additions to endowment from gifts have avaraged $25.5 million per year in recent years. If the university were to subject itself to the major restructuring postulated...
...warning bursts of machine-gun fire overhead. Finally, the army ordered soldiers to shoot anyone appearing on the streets without permission during a dusk-to-dawn curfew. But neither curfew nor martial law nor dire warnings could halt the general strike next day. In Córdoba, riots broke out anew, and police opened fire on a crowd of 2,000 marchers. In the rest of the country, the strike brought all commerce, industry and transportation to a halt. The toll so far: 12 dead, 300 injured; 230 have been arrested. Ongania showed no sign of backing down, but neither...
Into the System. The obvious solution is a vast upgrading of the city's public schools, but New York is too broke for that. As an alternative, New York's 15-unit City University (C.C.N.Y.'s parent) has an ambitious plan to enlarge community colleges and guarantee a crack at higher education for all comers by 1975. To that end, C.C.N.Y. has already admitted 732 less qualified students, who get special tutoring and then enter the regular undergraduate program if and when they qualify. Unfortunately, lack of money threatens both the long-range plan and the tutoring...
...SHAVE. NASA had spent $5,000 trying unsuccessfully to perfect a small electric razor with a vacuum attachment that would suck up bristles -which otherwise might float freely and clog up instruments in the weightless environment of the spacecraft. The Apollo 10 astronauts had a simpler solution. They broke out a razor and a tube of brushless shaving cream and attacked their week-old beards in the traditional manner. The bristles were successfully contained in gobs of shaving cream that were scraped from their faces and collected in a towel. Said Cernan: "That's one of the most refreshing...
...Shannon is on the other side of the argument. A confidential letter he had written to the Pope dissenting from the encyclical became public, and he was reported to have submitted his resignation. The reason for his resignation, according to Religion Editor Willmar Thorkelson of the Minneapolis Star, who broke the story, was Shannon's inability to accept the prohibition of contraception as stated in Humanae Vitae...