Word: partialities
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World War III? Partial, unadmitted intervention would have some advantages in Chinese eyes. It might serve to protect the great Yalu River power dams (see map) from which Manchuria draws electric power for its factories. It might save face for the Communists in Asia, might prevent the U.N. from creating a stable, anti-Communist nation on China's borders. It would surely profit the U.S.S.R. which would be delighted to see U.S. energies drained by a long Asian...
...Tuesday the faculty passed the new credit system, under which a student gets partial credit for courses if he is called to service in the middle of a term...
Adoption of an excess profits tax under present conditions of partial mobilization would be dangerous to the efficiency and growth of our economic system, writes Dan Throop Smith, professor of Finance at the Business School, in the November number of the "Harvard Business Review." "The real loss to the country from the enactment of excess profits taxation," the author believes, "would come from waste and from undeveloped potentialities--potential new companies and potential areas of new development for established companies...
...Faculty of Arts and Sciences yesterday voted in a "cumulative credit" plan, under which students called to military service in the middle of a term will receive partial course credits...
This period of hard times will last for at least ten year, Wriston predicted. it is due partly to the fact that partial mobilization may cut enrollment by 30 to 40 percent, than forcing schools to dip into capital to meet expenses. Wriston noted that institutions with large endowments will probably be able to get through this period without too much strain...