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Dates: during 1950-1959
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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...

Author: /time Magazine | Title: ARMED FORCES: Small Minds, Big Job | 7/22/1957 | See Source »

...because the International Olympic Committee is meeting there, and he is president of the committee. The State Department turned down his request for passport validation on the ground that the U.S. has no diplomatic relations with that satellite. No man to allow international politics to take precedence over the higher imperatives of sport, Brundage fired his ire to newsmen: "Just imagine the blow to U.S. Olympic prestige! Why, if the president of the International Committee is unable to attend an important meeting, the United States might as well drop out of the games." Outlook by week's end: Brundage...

Author: /time Magazine | Title: People, Jul. 22, 1957 | 7/22/1957 | See Source »

...daughters) and his service pay ($10,825 a year, including allowances), Navy Captain Chester W. Nimitz Jr., son of World War II's Pacific Fleet commander, made a hard decision: he will resign from the Navy (with the rank but not the pay of rear admiral*), take a higher-paying job with Texas Instruments Inc., an electronics firm. His seadog father, he said, did not want him to resign, but "understands the situation." Some 88 other Navy captains understand the situation and have applied for retirement this year, including famed Sub (U.S.S. Tang) Commander and Medal of Honor Winner...

Author: /time Magazine | Title: People, Jul. 22, 1957 | 7/22/1957 | See Source »

...Manufacturers Trust, Chemical Corn Exchange, Irving Trust, and The Bank of New York all lent between 6% and 11% more money and in return had increased earnings of from 13% to nearly 19% higher than 1956's level...

Author: /time Magazine | Title: EARNINGS: Money In the Bank | 7/15/1957 | See Source »

LONDON'S TALLEST BUILDING, a $12 million, 34-story, 700-room luxury hotel, is planned by Conrad N. Hilton and British Millionaire Charles Clore. Towering 380 ft. over Hyde Park, 14 ft. higher than St. Paul's Cathedral, building would be taller than city's conservative codes now allow, but is expected to win official approval because of hotel shortage...

Author: /time Magazine | Title: Business: Time Clock, Jul. 15, 1957 | 7/15/1957 | See Source »

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