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After a successful six-month experiment, the Faculty announces plans for the rapid expansion of the General Education Program--the precursor to the Core Curriculum--including the addition of eight new courses...

Author: By Geoffrey C. Upton, | Title: Back to School: 1946-'47 in Review | 6/2/1997 | See Source »

...highest rating since the index stood at 131.7 in August 1969. Because consumer spending accounts for nearly two-thirds of the nation's economic activity, the reports sent the Dow down in early trading on fears that the news meant a too-rapid acceleration in economic activity, which might prompt the Federal Reserve to raise interest rates. But the market quickly recovered to finish up 37.50 at 7,383.41 as investors considered other indicators, such as slowing consumer consumption, that seem to show that economic activity may be slowing enough to keep inflation low without another rate hike. While many...

Author: /time Magazine | Title: Tall Cotton | 5/27/1997 | See Source »

...split in American taste revealed itself with the first impact of Modernist art--Cubist, Fauvist, Dada--at the scandalous Armory Show in New York in 1913. Conservatives decried Modernism as un-American, an imported madness, and connected it to the paranoia many Americans felt at the rapid change of their society under the pressure of immigration--"Ellis Island art." But early American Modernists were concerned, sometimes obsessed, with rendering peculiarly American experience. Charles Demuth (1883-1935) was fascinated by the blaring contrasts of signs and numbers on the new urban surface; John Marin (1870-1953) believed that "you cannot create...

Author: /time Magazine | Title: BREAKING THE MOLD | 5/21/1997 | See Source »

...wielding Americans, but would also have slowed the economy and dampened inflation. Characteristically refusing to comment on the decision, Fed chairman Alan Greenspan and his colleagues left Wall Street economists to speculate over their reasoning. Analysts had expected at least a slight increase because the economy expanded at a rapid 5.6 percent annual rate in the first quarter, the best in 10 years. But several other reports released in recent weeks indicated that inflation is under control, eliminating the need for a rate hike to maintain a steady economy. Retail sales for April marked their largest decline in 10 months...

Author: /time Magazine | Title: Fed Checks | 5/20/1997 | See Source »

...success is what it tells us about the nature of computer science. We like to think of it as a fast-moving field. In fact, it is plodding but not easily discouraged. In the 1950s, many scientists decided that chess playing was an area in which computers could make rapid headway. Some predicted the imminent coming of a world-champion computer. But the problem turned out to be much harder than they imagined, as did many other problems in artificial intelligence. Outsiders tended to write the whole effort off; computer scientists, they figured, talked a good game but couldn...

Author: /time Magazine | Title: HOW HARD IS CHESS? | 5/19/1997 | See Source »

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