Word: leveller
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Dates: during 1950-1959
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...nation has steadied down since its first feverish response to Russia's sweep into outer space. A series of impressive public school reforms and experiments has begun. As the new school year opens, the top education story is a growing campaign to galvanize every talent at every level-a kind of common consent that equality of effort ranks as high on the agenda as equality of opportunity. This week's cover story is a panoramic view of schools in ferment, your guide to what may prove the most rewarding school year in U.S. history...
...being switched from rote learning and the "social utility" approach, which make the subject either inscrutable or silly. The new idea is to fascinate children with mathematical concepts and analysis so they can reason as scientists do. San Diego tried it last year, got ,000 children of all mental levels to advance twice as fast. This year a revolutionary new textbook embodying the technique will spread throughout the U.S. Everywhere brighter children are reaching algebra much earlier, sometimes by the sixth grade. ¶ Foreign language study is soaring, especially in elementary schools. Last year the U.S. Office of Education urged...
...tight-money squeeze sent business borrowing costs to their highest level since 1931. Banks all over the nation raised their prime rate to 5% after the pace-setting First National City Bank of New York boosted its prime rate from 4½% to 5%. Since the 5% applies only to top risks, the increase means that smaller businesses will probably have to pay 5%½ or more...
...step was taken toward a settlement. Management agreed to refer work practices and other local issues (TIME, Aug. 24) to labor-management subcommittees in the twelve major struck companies, thus agreeing with the union's stand that these are local problems that should be handled on the local level. "The strike has now reached a critical stage," said Labor Secretary James Mitchell, "and the next few days will determine whether we get a reasonable settlement or whether the strike will be further drawn...
...annual rate of $10.4 billion in the second quarter alone) that economists feel they will now begin to channel their funds into new plants to meet consumers' rising demands. That does not mean that the inventory boom has spent itself; inventories have moved up close to the peak level of January 1957, but sales have moved up even faster...