Word: half
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Dates: during 1950-1959
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...eleven years after graduation). Cost: $295 million altogether for the next four fiscal years. Special consideration will be given to students who want to teach in elementary or secondary schools, and to students with superior background in or capacity for science, mathematics, engineering or a modern foreign language. Half the sum of loans will be forgiven to students who teach for at least five years...
...newly retrained teachers will probably be the last real pioneers of the new physics course; they will face their classes with lab books still only half written, texts still partly mimeographed, experiments still to be polished or replaced by completely new demonstrations (the University of Minnesota's summer institute came up with two methods of studying wave motion, one with a Land camera and stroboscopic light, the other with magnetic tape). By fall of 1959, when the M.I.T. committee and the National Science Foundation hope to have trained 750 more teachers, the revolution in physics teaching will be accepted...
...that credit begins to tighten. Though short-term interest rates have improved, most bankers expect the prime rate to hold at 3½% for some time because there is still no big jump in industry's demand for money. Business loans, which dropped $1.8 billion in the first half of 1958, show only slight signs of picking up. Said one Manhattan banker: "There is still inventory liquidation, and business loans are still off. We anticipate that it will be next year before we can expect business loans to experience more than a seasonal rise...
Machines draw on cigarettes less frequently, often smoke less tobacco than a fast-puffing, heavy smoker-just the man who needs protection most. King Sano's test smokes little more than half the cigarette's 85-mm. length, also measures only that amount of tar which dissolves in chloroform, misses a lot. The Foster D. Snell labs, which test for Reader's Digest, told the Blatnik subcommittee that the chloroform extraction method measures only 69% of the tar in smoke. On the other hand, Snell tests only 45 cigarettes of each brand...
...Commonwealth of Massachusetts went to the rescue of one of its railroads last week with the first state subsidy in U.S. history. After two years of diligent consideration, the legislature voted $900,000 to enable the New Haven railroad (first half loss: $4,962,496) to keep its Old Colony line (1957 loss: $2,400,000) running from Boston south along the vacation resorts (see map) for another year...