Word: crediters
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Dates: during 1960-1969
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...were turned down as inferior by Egyptian national railways and were finally accepted only on Nasser's insistence. At year's end Nasser was forced to sell one-fourth of his $138 million gold reserves to pay off short-term obligations and maintain the nation's credit standing...
Unhappy Distinction. All the while, Portland State has been gaining in academic quality, much to the credit of President Branford P. Millar, 51, and his deep belief in the urban college as "the fastest growing segment of higher education." The parents of most Portland State students never went to college. But, says Millar, they and their children understand the fundamental fact of the times: "This is the generation that is going to have to live on its brains." The corollary of this concept, he believes, is the American philosophical commitment to democracy. "Higher education must be available...
...course, English P. "Dramatic Interpretation and Background of Theatre," and the College's only course for credit in the performing arts. According to Harry P. Kerr, associate professor of Public Speaking, the English Department will probably not make an effort to resume the course...
...Goodness & Virtue." The decision involved three men of such individualistic faiths that their draft boards did not credit them with having "a belief in a Supreme Being" as the draft act demands for exemption from duty. New Yorker Daniel Seeger is an agnostic who believes in "goodness and virtue for their own sakes," and has no faith in God "except in the remotest sense" Arno Sascha Jakobson, also of New York, accepts a creative "supreme reality in which "the existence of man is the result." California's Forest Britt Peter believes in "some power manifest in nature which helps...
Riskier Items. The McClellan hearings are the more embarrassing to bankers because they come just when a debate is heating up over whether U.S. banks have overextended credit. Squeezed between rising interest costs paid to depositors and stable rates on loans to business, banks are shunting more and more money into such high-yielding but riskier items as mortgages and consumer loans; they are also, some critics charge, lowering standards for borrowers. Installment credit extended by commercial banks has more than doubled since 1956, rose another 11% last year to $24 billion...