Word: fund
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Dates: during 1950-1959
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Masters & Apprentices. Ahead lie major innovations, many of them seeded by the prodigious Ford Foundation. Already Ford and its Fund for the Advancement of Education have spent more than $10 million for some 50 educational TV projects. Most imposing: Washington County, Md., where 18,000 first-to twelfth-grade students in 49 schools get about 120 classroom lessons a week on a closed-circuit system. By all evidence, it improves the lessons. The best teachers can reach the most students, and given several days to rehearse, the best extend themselves...
...Britain's largest investment trusts last week shook open a soiled manila envelope, and out fell a wad of crumpled ?5 notes, accompanied by a crudely scrawled order to buy stocks. "The man probably had the money in his mattress for 25 years,'' said a fund executive, "but we're getting used to this sort of thing." This "sort of thing" was such a rush to buy shares in British corporations that the Financial Times's share index soared to 259.7, up from 188.1 last fall. Many a broker grumbled that the invasion...
...Britain, 42 mutual funds have sprung up (four of them in the past 15 months), offering to invest sums as small as 38?. With 400,000 buyers enrolled, British fund assets jumped 50% in the past year alone, to $336 million. Among newcomers to the capitalist class are thousands who still have no bank accounts. A poll of investors showed that one-fourth left school in the grammar grades. So radically has the British attitude toward buying shares in capitalism changed that even the Laborite Daily Herald in its financial column now urges mutual funds as a good place...
...signature to a two-year contract raising wages 8½?an hour the first year, another 6½?the second. Fringe benefits brought the package to 22? over the life of the contract, ranged from three-week vacations after twelve years (v. 15) to establishment of a $500,000 fund through company contributions to help retrain and relocate workers who lose their jobs through automation. Regarded as a milestone in industrial attempts to soften the impact of work-saving machines on employment, the fund will be operated by a joint management-labor committee with an impartial outsider as chairman. Other...
...activity in Laos last month, when it sent 25 U.S. officers to help the French train the 25,000-man Laotian army in the use of U.S.-supplied infantry weapons. In last week's decision, the President went much further. He approved outlays from his own presidential contingency fund and other military aid sources to raise the little nation's armed strength to 29.000, ordered Navy Admiral Harry D. Felt, U.S. commander in the Far East, to airlift arms and equipment to the scene of trouble. With those two orders, and with the publicizing of them...