Word: higher
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Dates: during 1950-1959
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...West Germany, The Netherlands, Norway, Sweden, Italy, Finland and Turkey are producing 50% more than they did before the' war. In Great Britain, whose rate of productivity is generally discussed in gloomy terms, the gross national product is nearly one-third higher than in 1938, real per capita income up at least...
...buttered side of the bread, shed only cigar smoke: "Ah, there is an old Chinese proverb that is the best clue to the incompatibility of David and John: 'When two eagles fly off together into the sky and disappear into a cloud, who can say which flew the higher...
...youngest of eight children of a Scottish immigrant, Alexander Meiklejohn took over Amherst in 1912 after earning a Ph.D. in philosophy at Cornell and serving as professor and dean at Brown University. Meiklejohn had already developed some pronounced views on higher education. He detested the chaos of the elective system, deplored the over-specialization of college teachers. "It is through them," said he at his inauguration, "that we attempt to give our boys a liberal education, which the teachers themselves [have] not achieved." Meiklejohn's goal: to give country-clubbish Amherst a stronger taste of intellectual excellence...
...raise its 3% rediscount rate, which for some time has been less than the short-term borrowing rate the Treasury pays. Ordinarily the Fed raises the rediscount rate to prevent "riding the rate," i.e., a member bank borrowing from the Fed to have more funds for lending at a higher rate. But member-bank borrowing last week averaged $888 million, up only $5,000,000 from the week before. Since there was no evidence that banks were riding the rate, best guess was that the Fed would not raise its rate...
...much shorter time than budget planners anticipated; e.g., the lead time on a B-52 bomber, formerly 30 months, is now only 15 months. Thus bills come due sooner than anticipated. While the shorter lead time has cut unit costs, the final bill for the year is higher because more planes are rolling...