Word: flooded
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Dates: during 1950-1959
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Shortly before he gathered most of his clan (5 children, 15 grandchildren) at his Long Island home for his 70th birthday party, the unblinking beacon of U.S. Socialism, Norman Thomas, loosed a flood of thoughts and recollections for veteran New York Timesman A. H. Raskin. No longer a perennial also-ran (six defeats) for the U.S. presidency, roving Lecturer-Writer-Committeeman Thomas had lost none of his tongue's facile sharpness. Eying the rigors of a world toying with the idea of "peaceful coexistence" (he calls it "competitive coexistence"), Thomas placed his bet on the West: "Our democracy...
...biggest change of all is the flood of pension money going into the stock market. Up to 1950, few companies dared put more than 5% of their funds in common or preferred stocks, for fear that capital losses might imperil benefit payments. Today, many firms have as much as 50% of their pension fund in the market, and most of it in common stocks. Dr. Robert E. Wilson, chairman of the $2 billion Standard Oil Co. (Indiana), calls the pension funds "the strongest source of new capital going into the market." Where Stanolind once had 60% of its funds...
Like the heroic little Dutch boy, college administrators are trying to stop a flood by putting their fingers in a dike. Ever-increasing numbers of secondary school students are submitting ever greater numbers of applications to two, three, or eight different colleges, thus creating the massive Problem of Multiple Applications...
...encouraging to see college administrators trying to lay the groundwork for a dike in advance of the flood. But at the same time, it appears that many colleges are attempting to throw the initial responsibility back to the student. While the colleges' problem may be understandable, their solution is unfair. They have scoured the hinterlands trying to intensify interest in their campuses, and thus, in a sense, have themselves created the problem of multiple applications. The high school student from Iowa often is no longer content to attend the state university. He feels, instead, that he should...
With such a scheme, colleges would be erecting their own dikes, relatively simple to be sure, but effective in channeling the flood of future college applications. By assuming their own responsibilities, they would avoid increasing the worries of the applicant. Instead of being a shot-gun wedding, the marriage of college admissions and secondary school students would be a happy...