Word: lowe
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Dates: during 1960-1969
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...came after Cornell University astronomers at Arecibo, Puerto Rico, trained their 1,000-ft. radio telescope on a newly discovered pulsar in the Crab Nebula, the glowing remnant of a supernova-or stellar explosion-that was seen from earth in A.D. 1054. Unlike most other pulsars, which have relatively low repetition rates (between one and four per second), the new find was ticking about 30 times per second. Carefully measuring the pulse rate in October and then again in November, the astronomers found that it was slowing down by about one beat in 2,000 every year...
...Baptist university was virtually bankrupt. He mounted an emergency fund-raising campaign that eventually allowed him to double faculty salaries. Full professors now earn up to $14,000, which is in line with faculty salaries at most private white colleges. Following his conviction that Negro applicants who score low on white-oriented aptitude tests are not necessarily unfit for college, he has relaxed entrance requirements, abandoned rigid grading and allowed students to proceed at their own pace, graduating in anywhere from three to six years. When critics suggest that he is indulging in "bargain basement" education, Cheek retorts...
...median income of a U.S. family of four has risen 54%, to $9,695. More than 75 million Americans are at work today in civilian jobs, and unemployment has dropped to a 15-year low of 3.3%. It is true that too many Americans remain ill-clad, ill-housed and ill-fed, but the U.S. has come close to achieving its goal of full employment...
...trend toward tighter and costlier money-combined with expectations of continuing inflation-portends trouble in the U.S. securities markets. Bond dealers are afraid that even the high yields on fixed-interest securities are too low, relative to the rate of inflation. These dealers figure that they may have a tough time floating the issues that industry needs to expand and modernize. With somewhat less justification, stockbrokers worry that investors will switch out of stocks and into bonds because the difference in yields is so enormous. This month, the average yield on Triple-A corporate bonds climbed to 6.47%, while...
Nixon has quite a bit of room for some mildly deflationary measures because unemployment is so low. Encouragingly, economists of the Johnson Administration believe that the wage-price spiral eventually can be restrained by permitting unemployment to climb back to a politically acceptable rate of about 4%, and letting it hover there for a while. But, warns Arthur Okun, the outgoing chairman of the President's Council of Economic Advisers: "If ever there is going to be a year of bliss for the American economy, it will...