Word: merit
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Dates: during 1970-1979
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...report will not be classified, but it will not necessarily be published. Russell pointed out the economic difficulty in finding a university press that would publish the work, and added that she could not yet be sure whether the finished product would merit publication. The Department of State could publish it, but Judd said so far there are no such plans. The extent to which the report is circulated will depend on how "useful" it is, Judd said...
...until the '50's, the competition to make a club was extremely stiff, and unlike Yale's secret societies, acceptance was not based largely on leadership or merit, but on your last name, your prep school, and your sense of social grace. Only 150 members of every class survived the selection process, and the clubs were so exclusive that graduates of old and rich but "democratic" Andover and Exeter more often than not failed to make any club. Even one third of the alumni of the socially elite "St. Grottlesex" schools found themselves clubless at the end of sophomore year...
Underlying the argument over whether business or individuals merit first consideration in any economic-revitalization effort is a hard political reality. The quickest way to give a lagging economy a sharp stimulus is to inject new capital into industry and business for modernization and expansion. The slower, but potentially more lasting avenue is to strengthen consumer demand by aiding individuals. As it happens, the traditional sympathies of both parties neatly coincide with their election urgencies. Nixon wants a fast recovery to ensure his reelection. The Democrats want prosperity too, but are in considerably less of a hurry...
...delicate high notes and feminine charm. Soprano Lily Rons, who once warbled Fs above high C, was back in the news. The famed opera singer of the '30s and '40s was honored by the French government with the badge of Commander of the National Order of Merit for her "services to France," including her patriotic work during World War II. One enduring memory: petite Pons singing La Marseillaise to tear-drenched thousands in Rockefeller Center the day Paris was liberated in August...
Wriston acknowledged that there were some points in the report "which appear to have merit and which we will seriously consider," but he found that most of it was based "on serious misconceptions about the banking system." He believes, for instance, that the investigators think that banks are somehow not subject to ordinary market pressures and often control the day-to-day business of firms to which they lend funds. As for the experience of being investigated by a self-appointed commission, he says-a bit wearily-that he would be willing to undergo it again...