Word: reckoning
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Dates: during 1950-1959
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...friendly Iraq government. For Egypt, which has more teachers than it can use (the University of Cairo turns out huge classes of B.A.s each year, and there are too few schools to provide posts for all of them), the openhanded export of learning is a wise investment. Mideast observers reckon that Nasser's schoolmasters are more effective propagandists than the screaming Cairo radio...
State governments work through such a bewildering variety of finance systems -mostly vintage masterpieces of political patchwork-that the U.S. Census Bureau needs about eleven months to reckon a firm figure for the actual money spent by all states in any given year. Last week Census popped up with its tally on spending by states for fiscal 1957: a record $21,084,666,000, up 12% in the same year that federal expenditures (including state-run federal-aid programs) climbed only 4%. Since fiscal 1946, when legislatures set to work on the backlogged needs for schools and roads, hundreds...
...twice the drop in consumption. Estimates are that total steel inventories are already down below 20 million tons, off 5,000,000 tons from the peak, and below the 21 million-ton inventory considered normal. While inventories got as low as 14 million tons during the 1954 recession, steelmen reckon that in 1958's bigger economy a bare-minimum inventory is 17 million tons. What could turn steel around-and give the entire economy a healthy lift-is auto sales. With an inventory of 900,000 unsold cars, the industry needs a big pickup in sales before...
...Savannah, for launching in 1960. The Government hopes that lessons learned in building the Savannah will make the power plant of the atomic tanker lighter and cheaper than that of the merchantman. While the 22,500-ton tanker will not be economically competitive with a conventional ship, experts reckon that a nuclear tanker of 85,000 to 100.000 tons would be commercially feasible...
...Texas judge about the Texas way with crime. "I don't understand Texas justice," said the lawyer. "You will suspend sentence of a convicted murderer, but you wall hang a horse thief." The old judge rang a spittoon with a stream of tobacco juice. "Sonny," he replied, "I reckon that's 'cause we got men that need killin' but we ain't got no hosses that need stealin...