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...Intellect Gap. Graduate-school enrollment is expected to dip 25% to 50% or more, confronting some smaller schools with the very real threat of financial ruin. Most universities, depending heavily on graduate students to teach lower-level undergraduate courses, will have a hard time finding enough qualified people to stand behind their lecterns. More important, as many thousands of the nation's brightest young men enter the Army rather than graduate school, there will be a gap of at least two years in the development of much-needed skills and intellect. The new regulations, said Harvard President

Author: /time Magazine | Title: The Draft: The Lame, The Halt, The Blind & The Female | 2/23/1968 | See Source »

...European financial experts agreed that their countries must dip into their stores of gold and monetary reserves to spur economic growth. By doing so, the Europeans expect to help both themselves and other parts of the free world to resist rising unemployment and a slowdown in international trade, two deflationary forces unleashed by the U.S. and U.K. actions...

Author: /time Magazine | Title: Balance Of Payments: A Confluence of Self-interest | 2/2/1968 | See Source »

...deal. Elated by rising profits in 1966, Perlman announced that the Central appeared to be "recession-proof" and might not have to merge in order to prosper. Saunders paid calls on Central directors, pointed out that their line, unlike the Pennsy, was not widely diversified; he warned that a dip in the general economy would cause the Central painful headaches. Last year's mini-recession proved Saunders right. Rail returns for the less diversified Central during the nine months figured so far showed a $2,640,000 deficit, while Pennsy earnings held up substantially better. Suddenly the Central...

Author: /time Magazine | Title: Railroads: Toward the 21st Century Ltd. | 1/26/1968 | See Source »

...industry's return on its invested capital has now fallen from the 11% ceiling set by the Civil Aeronautics Board to about 10%, and some analysts expect it to dip lower. That, of course, could complicate its future borrowing. "We are in no current crisis," says President Stuart Tipton of the Air Transport Association, "but all of us have got to pay major attention to our problems...

Author: /time Magazine | Title: Airlines: Straining to Pay for Tomorrow | 1/5/1968 | See Source »

...spring economic dip and a big increase in the number of teen-agers seeking work compounded one of the most vexing problems of the U.S. economy: bottom-of-the-force unemployment, especially among Negroes. Overall unemployment rose from 3.7% in January to a peak of 4.3% in October, then declined; but the jobless rate among teen-agers jumped from 11% to 14% (9.6% for whites, 22.8% for Negroes). Unable through its own machinery to cope with that and other potentially explosive social problems, Government has increasingly turned to business for help. "Government alone cannot meet and master the great social...

Author: /time Magazine | Title: Business: -BUSINESS IN 1967-THE NERVOUS YEAR- | 12/29/1967 | See Source »

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