Word: highness
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Dates: during 1960-1969
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...higher pay if they choose to work the full year, or work only the required three quarters at their regular salaries. To date, so many have chosen to work all year at extra pay that there has been no need to hire additional staffers. Teacher Jeanine Lewis of Grady High School says the new courses "keep me from being stalemated, and they add spice for the students, too." Mrs. Lewis believes the new system will also help dropouts ease back into school during the more casual summer quarter, when teachers can take more time to work with them...
Under the High Wire. Older businessmen-who grew up in the Depression, fought in World War II and went to college on the G.I. Bill-have to run hard to keep up. "Many older men feel that techniques have passed them by," says Dr. Russell Cansler, director of placement at North western's Graduate School of Business Administration. "They see promotions and raises they want going to men ten or 15 years their junior." In an effort to acquire the new computer-oriented management skills that are being so highly rewarded, older executives are enrolling in business school. More...
Paper Snarl. Brokers' profits have also been reduced by the high cost of battling Wall Street's paperwork foulup, which for nearly two years has snarled delivery of shares from broker to broker and from broker to customer. The number of employees involved in securities processing for Big Board firms rose 36% last year, and average clerical salaries climbed 12%. In a belated rush, brokerage houses are investing more than $100 million a year in automated equipment...
...cover 10% of the market value of stock snagged in failures to deliver that are 40 to 49 days behind schedule and the penalty rises to 30% on "fails" that go 60 days or more uncorrected. Some firms have been forced to borrow to satisfy this requirement, and high interest charges eat further into profits. For Philadelphia's Drexel Harriman Ripley, Inc., for example, interest paid on borrowed money amounted to 13% of gross revenues in the first half...
...gold mine. Real estate experts on the bank's 1,200-man staff will advise on matters like buying a villa on the Mediterranean. The bank also lends money for many investments. Altogether, the company charges the usual brokerage commission plus advisory fees, which can run as high as three-quarters of 1% of the total investment...