Word: present
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Dates: during 1950-1959
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Cold-War Indifference. Guinea aside, the question of Communist influence does not-at least as yet-seriously arise. Though the present African leaders are almost all Western-educated and Western-minded, they are highly indifferent to the struggle between East and West. They seem to be much too possessive about their new position to ally themselves with other powers, even with one another...
...attract sorely needed new teachers. But things do not work that way in the commonwealth of Massachusetts. Last week the state senate voted down Mather's house-approved pay-raise plan. And after five years of thoughtless state control, able President Mather resigned. "We cannot be sure our present faculty will remain," he snapped. "What is worse, we cannot possibly go out and recruit this fall because we have absolutely nothing to offer...
...staked out the biggest tourist mecca of them all: New York. Last week that sure thing was covered as well. Texas Engineer C. (for nothing) V. (for nothing) Wood, who already has five parks abuilding around the U.S. (TIME, June 29), announced a $65 .million Freedomland that will present two centuries of American history along with the ice cream and Cracker jack. To be located in The Bronx and shaped like the U.S., Freedomland will cram the kiddies full of "Little Old New York" (1750-1850 style), San Francisco at the time of the Barbary Coast (with earthquake), Florida bayous...
...conversation is concern that Eastern Orthodoxy may yet swing toward Rome. Protestants worry that Pope John XXIII intended to invite Orthodox, but not Protestant, delegates to his Ecumenical Council in 1961 (TIME, Feb. 9). Last week the Catholics took pains to allay the fears-at least for the present. At an informal conference. Pere Christophe Jean Dumont, head of a five-man Catholic contingent, explained that the Pope's first announcement had been misinterpreted; none but Roman Catholic bishops were ever to have been invited. Later, though, Pere Dumont tossed out the suggestion that some time in the future...
...turn was applied by the House Ways & Means Committee, which voted to kill a bill giving the President authority to raise the interest-rate ceiling on long-term Government bonds above the present 4½. This will force the Government to do more of its financing through short-term borrowing (under five years), on which there is no interest ceiling. Result: the Treasury will have to compete with consumers and small businessmen for short-term funds, thus placing pressure on fhe money market, forcing up short-term interest rates...