Word: rating
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Dates: during 1950-1959
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...parents are doing any advance planning. The poll showed that 60% have not yet set up any savings plan-of these, 25% have had "no chance to think about it." The families who do have savings plans (40%) managed to save only a median $150 last year. At that rate, it will take them ten years to save enough for one year of college for one child-at current costs, and last year alone costs jumped 9.5%. Concludes Ford Foundation Vice President Clarence Faust: "American parents apparently need to know more about the economics of higher education...
When the National Association of Broadcasters wrote its Television Code in 1952, the association decided that certain products should not rate air time at all, e.g., hemorrhoid remedies. This spring, when the Westinghouse Broadcasting Company's President Donald McGannon took charge of the N.A.B. code review board, offenders were told to stop talking about hemorrhoids and other such "intimately personal" problems or forfeit the code seal of approval, but 20 stations decided that they could get along without it. Further, McGannon's review board went on to criticize commercials for toilet paper, deodorants, laxatives, etc. In a confidential...
...Shocks. Central element of the machine is the impulse Tenderer. A stream of water carrying animal or vegetable matter is fed into it. As the water flows through, beaters moving with a linear velocity of 22,000 feet per minute produce a series of shock waves at the rate of 35,000 per minute. These shock waves, traveling through the water, break open the cells in much the way that a depth charge can crack a submarine's hull, and the cell's contents-mostly water, protein, and fat or oil-spill out. The slurry is passed through...
When the Treasury auctioned off its latest weekly offering of 91-day bills, the interest rate averaged 4.166%. On six-month bills, the rate hit a record high of 4.796%. Meanwhile, the yields on already issued Government bonds soared to new highs. Their prices had dropped so much that nine issues were yielding 5% or better, the fattest yields on Governments since...
...financing in the inflationary short end. Between now and Jan. 1, the Treasury has to refinance almost $12 billion in old debt and borrow $7 billion in new cash. So much money borrowed in the short end has created a strong pressure to shove all interest rates higher. The process is already operating. Last week, as the 91-day bill rate went up to nearly 4.2% from 3.979% on the sale a week before, it easily jumped over the new 4% discount rate set by the Federal Reserve to stop banks from taking advantage of the lower discount rate...