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...return a compliment ("Well," said one, straining, "she has a strange and marvelous spine"). Her walk has been described as a camel's gait, her nose as something stolen off a cigar-store Indian. Yet thousands of women cut their hair because of her, cream their skins, shorten their sleeves, and belt their coats, all at the iron whim of a woman whose face is as rarely photographed and widely unknown as the moon's other side...
...even a loss on a new product that is quickly copied or improved upon, and even the copiers frequently cannot recover the expense of tooling and production before the product succumbs to newer, better or flashier things. The race to get to the consumer first has forced companies to shorten their product development time, and in some cases has actually made the product secondary in the sweat to sell it. Chicago's Alberto-Culver was so eager to beat Procter & Gamble's Head and Shoulders shampoo to market that it filmed the TV commercials for its Subdue shampoo...
...nearly a month, the U.S. Senate has done nothing but filibuster about ending filibusters. Last week it came to an end-with an easily predictable result. On the key vote in the dispute about whether to amend the Senate's rules so as to make it easier to shorten debate, the anti-filibuster forces were ahead 54 to 42-but fell ten short of the two-thirds majority they needed. Now, presumably, the Senate could get down to business...
...Board last week unlimbered an old fiscal weapon that President Kennedy and many liberal economists have long wanted restored to the nation's antirecession arsenal. The Fed announced it would begin buying U.S. notes and bonds of longer maturity.* By entering the long-term market, the Fed can shorten the supply of bonds, push prices up-and thus help nudge yields lower. Since Government bond yields tend to set the tone of all interest rates, this policy would be expected to push long-term rates down, make money cheaper and thus encourage business expansion. At the same time...
...depressing thing about Dean Elder's disapproval of Earl McGrath's proposal to shorten the Ph.D. is that both Elder and McGrath are right. The growing shortage of college and high school teachers is neither imagined nor the result of foolish rules, but the inevitable result of an apparently irresolvable confusion of roles between College and University...