Word: moneys
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Dates: during 1950-1959
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More than half the money ($11.2 million) is earmarked for improving faculties at eight of the schools; it will pay for raising key professors to senior rank, financing faculty loans and summer fellowships, will set up 15 new professorships and help lure top engineers into teaching. The rest of the money goes into improving curriculums, notably for new programs (at Case, U.C.L.A.) that concentrate on design as a basic engineering discipline. Biggest beneficiary: M.I.T. ($9,275,000), now developing a curriculum focused on science-core courses that cut across traditional departmental lines. Ford thus hopes, explained Foundation President Henry...
Filtered Down. In Hong Kong, taken to court by his wife for not making his $10-a-month support payments. Ng Kin-Cheung complained that he could not afford them because he had a concubine and eight children to support, and bought cigarettes with what money was left, was ordered by the judge to cut down on smoking...
Economists were cheered by the signs of the U.S. businessman's confidence in the future. The latest survey by the Commerce Department and the Securities & Exchange Commission, taken after the strike, showed a significant boost in industry's plans for new plant and equipment expenditures. With more money going for industrial plants and public works, capital investment should rise to an annual rate of $35.3 billion in the final quarter of 1959. $1 billion more than the third-quarter rate and $5 billion more than a year...
Though both lines, with records of solid profits all through the railroad-busting Depression, earned money in 1958 from the coal regions of Virginia and West Virginia ($11.6 million for the Virginian; $43.5 million for the N. & W.), they duplicated one another to the point where the two lines were not, in ICC's words, "in the public interest." Merged, they will economize by consolidating managements and by using the Virginian's better tracks eastward over the Allegheny and Blue Ridge Mountains. The Virginian's coal piers and marshaling yard adjacent to the Norfolk Navy Base will...
...subsidized; they operate at a loss already and fear that lower rates would only push them farther into the red. Said one delegate from a small national airline: "If economy fares were approved and tourist fares retained, my company would have to operate at 114% of capacity to make money...