Word: money
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Dates: during 1950-1959
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...Guineas A Head. In the upper levels of British society, where money talks, it often betrays its origins. A large group of "expense account" businessmen and admen are beating at the gates. Many have the proper backgrounds, went to school at Eton and Oxford, served in the Guards or other "good" regiments. But. laments one adman who makes $56,000 a year: "People I grew up with, who have gone into civil service or banking, are members of the Athenaeum or Reform Club by now. I can't get in. I've tried and failed. Most...
Explains Jocelyn Stevens, editor of the glossy fashion magazine, Queen: "Society smiles on all the up-and-coming money and enjoys it. but then withdraws into its own inner circle." In Stevens' world, the,socially important "ins" compromise brilliantly with the new-rich "outs." "Ascot, Lord's the Royal Academy, Henley are still very smart and as important as ever," and the ins cunningly let enough of the outs into Ascot at ten guineas a head to pay for the "necessary pomp and glamour...
...debutante season, says Stevens, "girls come from abroad-Greeks and people like that with lots of money-and huge balls are given by them, and everyone goes-but no one feels obliged to ask them back...
Despite the fact that they get from France more than they pay back in the form of sugar, rum, coffee and bananas, the islanders are now demanding an ever greater share of the central government's money. They complain that the minimum wages still hang below mainland standards, fret about the population surge that is adding 16,000 people a year to Martinique's current 265,000 (on 385 sq. mi.) and Guadeloupe's 250,000 (on 588 sq. mi.). A potential income source is tourism; the islands offer balmy beaches, inexpensive French champagne and perfume...
...Donner Foundation, for one teacher at each of six blue-chip U.S. private schools: Andover, Exeter, Groton, Hill, Mount Hermon, St. Paul's. Reason: the schools are "among those setting teaching standards." By giving them endowments of $300,000 apiece, the Donner Foundation has a sound scheme: releasing money to raise all teachers' salaries within the lucky six schools, and creating a lever to boost pay across the country...