Word: leveler
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Dates: during 1950-1959
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Some decline in the level of faculty in accredited schools will have to be accepted. To gain national accreditation, a school must have a certain percentage of M.A.s and Ph.D.s on its faculty. Clearly, there will be a minor raid on teachers with the necessary requirements, probably upon those unacceptable to the great universities. The decline will thus not affect the highest level of American education...
Marginal institutions do not offer--nor do most of their students wish--a rigorous four-year program. College to them is solely a means to vocational advancement. To give more students greater economic opportunity, there will have to be a pooling of faculty resources at this marginal level...
...PERSONNEL). And for U.S. Steel, Chairman Roger M. Blough noted nine-month earnings of $329 million for a 9.7% return on sales v. $243.3 million and an 8% return in 1956. All told this year, said Blough, the industry will produce 115 million tons, just under the 1956 level. Next year, though the industry may slip back to an operating rate somewhere between 70% and 80% (v. 80% now) for six months or so, the tonnage drop will be less since the industry will add another 5,000,000 tons to its current 138 million-ton annual capacity. Thus, actual...
...best-kept secrets in U.S. business history burst into the open last week. After months of top-level discussion that leaked neither to Wall Street, the U.S. Government or even many of their own officers, the Pennsylvania Railroad and the New York Central-the nation's two biggest railroads-announced that they are considering a merger that would be the biggest corporate marriage ever. Said Pennsy President James M. Symes and Central President Alfred E. Perlman: "Preliminary studies and discussions indicate that substantial benefits to all concerned may result from such a merger...
...Good Earth, Grand Hotel and Dinner at Eight. If need be, Mayer could alter his proclaimed moral standards to fit the freewheeling '20s and '30s, turned loose Gilbert and Garbo in some sizzling love scenes, and let Harlow's neckline find its natural level...