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Illinois. Handsomely greying Democrat Otto Kerner, 52, whose father was once a popular state attorney general, is married to the daughter of Chicago's Mayor Anton Cermak (killed in Miami in 1933 by an assassin's bullet intended for Franklin Roosevelt). Kerner has an impressive six-year record of his own as a reform-minded Cook County (Chicago) judge who helped revamp local judicial procedures, led a successful fight to modernize state election statutes. His key campaign promises: more aid for schools, hospitals and depressed areas downstate...

Author: /time Magazine | Title: The Election: WHO'S WHO IN THE STATEHOUSE | 11/16/1960 | See Source »

...gold rush that sent prices spiraling to a six-year high on the London market reflected foreign worry about the soundness of the U.S. dollar. It was a short-term rush; last week gold prices plummeted close to the U.S. price of $35 per oz. The gold balloon was deflated by the U.S. Treasury's firm announcement that it 1) has no intention of devaluing the dollar, and 2) is prepared to sell all the gold needed to stabilize the price on the London market...

Author: /time Magazine | Title: THE SOLID GOLD PROBLEM.: U.S. Allies Must Help Solve It | 11/7/1960 | See Source »

Since the 90% of Jim Walter Corp. house buyers who finance the purchase through the company pay as much as 12% interest on four-or six-year terms, Walter last year grossed more than $5,000,000 in interest payments, some $1,600,000 more than the firm paid out for its own interest and bank charges. Beyond this, there is the profit of the subsidiary company that insures the shell homes against fire and theft. Adding it all up, Jim Walter has made an estimated $9,000,000 in shell housing...

Author: /time Magazine | Title: BUILDING: Finish-Your-Own Houses | 11/7/1960 | See Source »

Transition. In visiting 237 schools in 23 states, Conant found wide disagreement over where to fit grades 7-9 in a school system. Some communities keep grades 7 and 8 in elementary school, some plump for a six-year high school, and still others hold that the separate three-year junior high school gives combustible half-adolescents a chance to grow at their own pace. In reality, says Conant, the junior high often becomes "a replica of the senior high school with its attendant social pressures." Hitting hard at pretentious commencements, big-time football and marching bands that "serve merely...

Author: /time Magazine | Title: Education: Conant II | 10/24/1960 | See Source »

...conscience of France may sometimes have seemed quiet, but it has also been deeply troubled by the cankerous, six-year war in Algeria. French priests have denounced the atrocities and torture committed by the French army; conservative intellectuals like Author Francois Mauriac protested the French treatment of rebel prisoners and demanded an end to the war; reservists called to the ranks have on occasion staged sitdown strikes in railroad stations or engaged in brief mutinies. Last week murmurous dissent erupted in the most conspicuous display since Charles de Gaulle took power...

Author: /time Magazine | Title: FRANCE: Thunder on the Left | 9/26/1960 | See Source »

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