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...virtual euphoria, hearing the President declare that "I do not believe recessions are inevitable" and reveling in the onward-and-upward statistics. Lately, many economists have begun to question just how long the 52-month boom can continue, and only two weeks ago the President's chief economist, Gardner Ackley, cautioned that "our expansion is going to slow down a bit in the months ahead." Still, nothing had prepared the public for the shock caused by Bill Martin when he stood up and told the U.S. that it could tumble into a 1929-type depression if the leaders...
...rest, the following list is guaranteed to contain at least three winners: Alfred Gardner '18, partner in the Boston law firm of Palmer, Dodge, Gardner and Bradford, and courageous chairman of the Massachusetts Crime Commission: Dr. Francis D. Moore '35, Moseley Professor of Surgery and Surgeon-in-Chief at Peter Bent Brigham Hospital (Dr. Moore is in need of a pick-me-up: his arch-rival for publicity. Dr. Michael E. DeBaken, had his picture on the cover of Time last week); Randall Thompson '20: Howard Nemerov '41 (Phl Beta Kap- pa poet this year); Fred Norris Robinson '91, Gurney...
Frank Knox Memorial Fellowships have been awarded to Howard E. Gardner '65, of Winthrop House and Scranton, Pa.; Alan Gilbert '65, of Dudley House and Karachi, Pakistan; Antonio Gilman '65, of Eliot House and Cambridge; David P. Handlin '65, of Adams House and Cambridge; Alan M. Tartakoff '65, of Kirkland House and Cambridge; James L. Turk '65, of Dudley House and Arnold, Pa.; John E. Veblen '65, of Winthrop House and Seattle, Wash.; and Bunil Yang '65, of Dunster House and Levittown, Pa. The Knox winners each receive $3000 to study one year at a University in the British Commonwealth...
Still Uncertain. Speculation about the possibility of another crisis in September immediately became a key to economic activity in the months ahead. "The effect of the settlement," says Gardner Ackley, chairman of the President's Council of Economic Advisers, "depends upon how steel users read it. The steel situation is still one of the biggest uncertainties on the horizon." If users continue to fear a strike-or fear that a steel price increase will follow any final settlement-they will keep stockpiling, thus postponing any sharp cutbacks in steel buying and production at least until September. If they...
...narrow vocational training. It has also been speeded by rapid changes in the business world, which has been made vastly more complex, innovation-minded and psychology-conscious by the onrush of technology. "We can never win a race to educate for the latest thing," Carnegie Corp. President John W. Gardner told the deans last week. "Knowledge and skill that is avant-garde when a student is in college may be hopelessly outdated a decade later." Not even the textbooks, in fact, can keep up. "We have found," says Clifford Clark, associate dean of New York University's business school...