Word: maying
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Dates: during 1940-1949
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Philosopher Joad especially deplores the technological-democratic tendency in education, which "seeks to enable a man to acquire a living rather than to acquire a life worth living." He advises "a return to . . . classical-humanism ... I would suggest that every student, whatever other subject he may be studying, should take . . . a compulsory course in the history and problems of philosophy, supplemented by the history of scientific ideas...
...Finally," Joad concludes, "such a course has been known to give men a serenity of outlook. It may not in our present age be the best dividend-payer from the purely utilitarian standpoint, but this at least may be said of it, that it sometimes enables men to despise the wealth that it prevents them from acquiring...
...university. Yet such Christianity must look more eagerly toward the future's addition of ideas and events than toward the past's tradition of them. Sir Walter's hope for the universities is that Christian teachers and students, seeking "new symbols" for old values, may "play the role of a 'creative minority,' from which the whole community may gradually take colour...
Businessmen, anxiously scanning the skies for a clue to the economic weather, saw more dark clouds ahead. Industry was still cutting back production; the Federal Reserve Board's production index had dropped in May to 174 (v. 192 a year before) and had gone on down in June to an estimated 170. Unemployment was still rising. In June, with more than one million extra job-seekers out of school and college, it rose to 3,788,000, the highest in seven years...
...ailing securities market in general is barely breathing, the nation's investment companies sold $80 million worth of their own shares in the first quarter of this year, an increase of 26% over 1948. Said Edmund Brown Jr., president of Manhattan's fast-selling Fundamental Investors, Inc.: "May was the biggest month in our history and June was almost as big. Last year's business was around $10,000,000; this year we're running at the rate of $12 million." The open-end trust business, combined with the $1.7 billion assets owned...