Word: sales
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Dates: during 1960-1969
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...been producing annually for almost 30 years. The test is primarily intended as a way for students in school and college to review their knowledge of the recent news; more than 1,000,000 students took it in January. Beginning this week, it becomes available to the public on sale at key news dealers across the country (price: 10?). If you would like to rate your own "News IQ," look for the TIME Current Affairs Test at your neighborhood newsstand. And if you checked B above, you're off to a good start...
Doolies Blew the Whistle. Shortly before the post-Christmas exams, a still unidentified upperclassman stole a key to the locker where the tests were stored. He copied and returned them, then hired as salesmen ten cadets who earned 10% commissions on a sale price of about $10. Fortnight ago, two "doolies" (freshmen) discovered the ring, briefly pondered their obligations under the academy's honor code, then blew the whistle. Within days, the organizer, his sales force, and 18 other cadets-most of them football players-had been bounced from the academy. In Washington, Secretary of the Air Force Eugene...
Skiing & Taxes. Basically, the formula is the one on which John Jacob Astor rode to riches more than a cen tury ago as the No. 1 landlord of Manhattan: buy land in the path of population expansion and profit from its development or sale at soaring prices. Accordingly, most of today's corporate involvement lies in the West or South west. In Southern California, nine industrial companies are building or planning projects embracing 319 sq. mi. Since land is the world's only major commodity in fixed supply, while population constantly rises, investment in land...
...then sweat out their grades. But some of them obviously have had less to sweat out than most. Reason: they cheated. The Air Force announced last week that a "well-organized" group of a dozen or so cadets stood accused of stealing examination papers and offering them for sale...
...sale, which has been long in coming (TIME, Oct. 9), is the result of Niarchos' growing disenchantment with his argonaut's role. The world has become all too stable for him: there has been no Korean or Suez crisis lately to drive up oil prices and tanker rates. Niarchos did make a bundle by hauling oil for the Russians, notably during the Cuban missile crisis. But some U.S. oil giants are mad at him for carrying cut-price Russian oil that undersold their own; they are at least informally boycotting Niarchos' vessels and building more and more...