Word: grade
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Dates: during 1950-1959
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...until 1947). A small-town Texan, he got into practice by reading the law in books that he bought on credit, became a top Dallas attorney and served as U.S. executive counsel at the Nürnberg war crimes trials. Asked to become dean of S.M.U.'s low-grade law school in 1947, he built it into a thriving, well-financed institution, one of the country's best. Four years later he launched the Legal Center (TIME, April 30, 1951; Sept. 10, 1956), a brilliant idea to give U.S. and foreign lawyers a headquarters for topflight research. Fiery...
...agreeing to pull out, the French had characteristically bargained for substantial concessions. Their nearby Lorraine steel plants will get 90 million tons of high-grade Saar coal at cost over the next two decades. The Moselle River is being dredged so that Lorraine steel exports, floating to sea on the Moselle and the Rhine, can compete more advantageously with German steel. And the French reserved the right to export more than $260 million worth of goods duty-free into the Saar each year...
...dividends, the blue chips were yielding about 3% last week, and some of the racy electronics and missile favorites were paying nothing at all. Meanwhile, back in the bond market, the tax-exempts were yielding a handsome 3.8%, while the highest-grade corporates also moved above 4½%. The yield spread between common stocks and bonds was uncommonly wide. Classically, the situation called for a move out of stocks and into bonds. But investors-wagering heavily on the economy's growth, figuring on more inflation and preferring capital gains to dividends-showed no signs of hopping off Wall Street...
Quantity v. Quality. One of the big problems is to rebuild confidence in the quality of U.S. wheat. Under the support program, many farmers turned to growing poor-grade grain because the yield was greater than on high-quality wheats. When this was dumped abroad by the Government it turned buyers away from the U.S. On top of this, many a grain man was not above shipping second-grade wheat when top quality was ordered. Two British mills, which were taking 1,000,000 bushels a month, became so disgusted with the poor quality of the wheat that they stopped...
...Williamson, supervising editor, and Northern Affairs Minister Alvin Hamilton, Inuktitut is almost entirely the work of an accomplished, 20-year-old Eskimo girl, Mary Panegoosho, daughter of a respected hunter from Ellesmere Island, Canada's northernmost point. Despite only three years of formal schooling (fifth to eighth grade in Hamilton, Ont. ), Mary is a skillful artist and writer, a competent self-taught photographer and typist who produced most of the gay line drawings that decorate the magazine, contributed most of the photographs, wrote several of the articles. The only other Inuktitut staffer is Abraham Okpik, 30, a stocky hunter...