Word: grading
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Dates: during 1950-1959
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...peacetime is tough enough, but the hard-training Seventh is plagued by an even tougher problem: one in three of its 165,000 tankers, atomic cannoneers and plain gravel crunchers should never have been sent overseas in the first place. Reason: they are "eight balls," mentally equivalent to sixth-grade schoolboys, a disciplinary headache to their commanders and a serious drag on their fellow G.I.s...
Most of the blame lies with the U.S. draft, which furnishes about 30% of Army manpower.* Selective Service law requires that all men scoring ten points (approximately equal to fourth grade) or higher on mental tests must be accepted for induction. During the first five months of 1957, some 38% of the Army's inductees were in the lower intelligence brackets (85-95 IQ), partly because students usually get automatic deferments through college and professional school, often miss the draft altogether. To upgrade its manpower, the Army has drastically tightened re-enlistment standards, tried hard to retrain its misfits...
...they totted up their six months' earnings last week, bankers could appreciate the benefits of tight money. With companies everywhere competing for more loans than there are funds available, the interest rate on prime loans stood at 4%, while lower-grade risks brought up to 6%. By gradually shifting out of low-paying Government bonds to get more cash to lend, most bankers reported earnings at an alltime peak, in some cases as much as 19% better than last year...
Died. Hugh Roy Cullen, 76, Texas millionaire and philanthropist, founder-head of the Quintana Petroleum Corp., largest independent oil company in the Southwest, who gave away something like 90% of his estimated $200 million fortune; of cerebral thrombosis; in Houston. Texas-born of poor parents, Cullen left the third grade to work in a candy factory, dabbled in cotton and real estate, then (1930) as a wildcatter, struck deep into the 500-million-barrel Rabb's Ridge oil field, 50 miles from Houston. His method: to take wells others had given up, and drill deeper. After...
...calm but because he was a catcher. As a catcher, he had learned to do his thinking in a crouch. It is a posture that seems to hone the intellect. For catchers, once they have mastered the mask, chest pads and other "tools of ignorance," seem to make the grade as big-league managers almost as consistently as big-time businessmen make the team on Republican Cabinets. The bright tradition runs way back to the late Connie Mack and Roger Bresnahan. And from Mr. Mack on through Gabby Street, Mickey Cochrane and Al Lopez, few major-league catchers-turned-manager...