Word: midyears
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...that "one-half the people in colleges could be dropped to the advantage of everybody." Lewis denounced grading as "absurd"; whether he heard or not, Dean Hanford agreed enough to propose that separate April and November hour grades be abolished. The head of the Faculty approved this and dropped midyear probations and attendance records for upperclassmen at the same time. The head of the Hygiene Department labelled Stillman Infirmary "inadequate for a university of 7000 people" and demanded immediate plans to build a new infirmary...
Paul Samuelson, M.I.T.: This recession is turning out about as expected: bad but not very bad. Because of the need to please Congress, the Kennedy antirecession proposals are modest-perhaps more so than prudent economic policy would call for. Probably they will suffice to turn us up by midyear, but it will be important to take that second look in April and be prepared with stronger measures if unemployment has passed the critical 7½% to 8% range...
...ancient (and perhaps apocryphal) College rule once entitled students taking final or midyear examinations to receive a mug of ale at the end of the first hour. This sympathetic gesture seems rather anomalous for the strait-laced old Puritans who supposedly made it. Perhaps even they, despite their conviction that "all work and no play sends Jack to Heaven," had some unconscious qualms about the examination system...
...face of the slide; said Emerson P. Schmidt, the chamber's chief economist, "the strength and level of the economy are surprising." He believes that the gross national product may climb as high as $520 billion in 1961 (at present: $500 billion) if the slump ends by midyear. Says Schmidt: "There are at present no grounds for sustained pessimism...
...billion defense budget by $662 million.' In recent weeks the Administration has been unfreezing these funds, plus millions more in unspent appropriations from previous years. Box score for new allocations since midyear...