Word: quarter
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Dates: during 1950-1959
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...were finally showing some bare spots. Manufacturing and trade inventories at the end of August stood at $89.4 billion, a decline of $400 million from the previous month. Commerce Department experts predicted that inventories, which had been building up at an annual rate of $9.8 billion in the second quarter, would be cut so sharply that the rate may drop by more than $10 billion in the third quarter. Chiefly because of the depletion in inventories, they expect the gross national product to skid $5 billion in the third quarter, perhaps preventing the G.N.P. from reaching the half-trillion mark...
...will not be more severe is a good indication of the basic health of the U.S. economy. Despite the steel strike, most sectors of the economy are moving along steadily. To help offset a bigger drop caused by inventory depletion, the gross national product will benefit in the third quarter by increases of $1 billion in state and local expenditures, $1 billion in new plant and equipment, $3 billion in consumer spending. "Despite the crippling of one of the nation's chief industries," said the First National City Bank of New York in its monthly business letter, "the economy...
...summer school is gaining popularity on its own, but while it offers some students and teachers great opportunities, it fails to cope with some of the problems which the widely discussed four-quarter plan could handle...
...compulsory, only a minority of students will attend, and a third of the year will still be wasted. A few students who want extra learning will not make up for the majority who are content to stay with the old schedule. Only a radical approach like the four-quarter program seems likely to break through the inertia and provide the efficiency, economy, and opportunity which the more conventional proposals seek to duplicate...
...present no major institution appears ready to adopt the four-quarter program. From secondary and prep schools to colleges, parents and students seem set against it; and where the pressure of admissions permits the institution to dictate terms, the problem of fixed income from endowment and of success based on an established formula seem insurmountable...