Word: effective
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Dates: during 1950-1959
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...Council voted to establish a committee with Reiff as chairman to publicize an experimental sale next year. Reiff suggested a slogan to the effect of "Keep your books; you can pawn them off on a dumb Freshman in the fall...
...content with that alone. Lowell immediately went on to further academic reform. Within a year the College had adopted his plan for concentration and distribution, which took first effect with the Class of 1914. Under President Eliot, any student who had successfully completed 16 courses was eligible for the degree. The free elective system imposed no limitations whatsoever upon the choice of courses or their relevance to each other, so that any student who could "cram and pass" 16 times in succession was graduated. Although Lowell had vigorously and consistently attacked the system while Eliot was still in office, nothing...
...ended too. Even more important, the Treasury is planning a sharp reduction in its issues in the first half of 1960, may thus help to ease credit or at least prevent it from becoming tighter. The Federal Reserve would like to keep its present discount rate of 4% in effect even after a settlement, looks for interest rates to stay steady. Bankers do not expect a hike in the prime rate of 5% for some time, think that if it comes at all, it will be small...
...LIFE AND TIMES OF THEODORE ROOSEVELT, by Stefan Lorant (640 pp.; Doubleday; $15), will seem as essential to admirers of Teddy Roosevelt as Lorant's Lincoln is to worshipers of Honest Abe. The text is painstaking rather than incisive, but the 750 pictures have the cumulative effect of a cradle-to-grave biography that hardly requires words to give it significance...
POPES THROUGH THE AGES, by Joseph Brasher, S.J. (530 pp.; Van Nostrand; $14.95), brings together in a single volume pictures of 259 popes and accompanies each one with a brief biography. The effect is that of a permanent time of troubles in which the church has again and again found the men and the means to defend the faith...