Word: credited
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Dates: during 1950-1959
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...attack the teacher shortage, the Ford Foundation has spent another $15.6 million on two vibrant experiments: "Intern" college-student teachers and "teaching teams." By practicing in nearby schools, interns get enough credit to skip a tedious year of postgraduate study. And often they join teaching teams (being tried in Baltimore this year) that could solve a big problem: the discouraging salary ceiling that a teacher reaches after 15 years. Some teams have equally ranked specialists. Most have a "master" teacher who gives the main presentation, then turns over the class to several journeymen, apprentices and clerical aides. The master (salary...
...fundamental nature which will not soon go out of date." Among them: a new course in vector calculus, a 25% increase in the basic physics course, a general shift in all engineering subjects "away from applied engineering to more of a basic science approach." In another innovation, Annapolis will credit 190 incoming middies this fall for a total of 316 college courses they took before entering the academy. The new students will move straight into advanced classes, later on they may earn the right to take "overload" electives in addition to their normal curriculum. Of this year's middies...
...buyers are also borrowing heavily to get the goods they need, boosted consumer credit by $2 billion in this year's first half to $46.7 billion. Much of it is financing new cars. August car sales, which usually slow down in anticipation of new models, ran faster than July's, probably topped 500,000. For the fourth quarter, automakers are scheduling production of 1,900,000 new cars, up 41% from last year. By next spring, they expect to be selling at an annual rate of 7,200,000, within a bumper's reach...
Macmillan has gained popularity through the Ike-Khrushchev meeting-which Macmillan supporters credit him with sparking-and has seemingly not been hurt at home by Labor's effective jabs at British colonial failures in Africa. But above all, Macmillan owes his popularity to Britain's current prosperity. Two years ago Macmillan gambled on a politically unpopular anti-inflation budget and an unprecedented increase in the bank rate to 7%. This year these austere fiscal policies of the Conservatives have paid off-in more ways than...
...business loans, which have soared from a recession low of $52 billion in May 1958 to $58 billion last month. Heavy Government financing ($13 billion deficit last year), a record volume of state and local fund-raising in the first half of 1959, and a jump in consumer credit have added to the competition for funds. Following the surge, interest rates on bank business loans in 19 major cities went from 4.17% in 1958's second half to 4.87% in June -and are expected to go higher (see chart...