Word: slacked
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Complaining that "you have to run a brokerage business today like an A. & P. store." Norris A. Broyles Sr., manager of E. F. Hutton & Co.'s Atlanta office, is trying to take up the slack by trading commodities and pushing municipal bonds and mutual funds. But according to the Investment Company Institute, sales of mutual funds dropped to a scant $154.8 million in August, down 23% from July and 37% below August 1961. Fund managers argued that the drop was largely the result of the recent Wharton School of Finance report which charged that mutual fund management fees...
...director of Streetcorner Research was Ralph Schwitzgebel, a former Harvard graduate student. He took over the project from its founder. Charles W. Slack, who left Harvard for an assistant professorship at the University of Alabama...
...cure juvenile delinquency is to ask bad apples why they have worms. So argues Psychologist Charles W. Slack, who came upon the method accidentally in a Harvard project started four years ago called Streetcorner Research. Originally, he set up shop in a Cambridge storefront and paid young punks to talk their troubles into a tape recorder to find out what made them tick. In the process, he discovered to his surprise that they talk their troubles out: the crime rate among Slack's subjects has fallen by half...
Having made the discovery, Slack set out to profit from it. He assembled a five-man team, including a Jesuit priest-psychologist, and recruited 30 young toughs with police records ranging from burglary to rape−"tomorrow's nothings," as one boy put it. Slack lured them with cash: 50? to $2 an hour for being "research consultants" in a study of "how guys foul up." "Sick, Man, Sick." The chance to unburden themselves on tape−and then listen to the playback−worked as well as analysis. Usually, says Slack, the boys passed through five stages: apathy...
Running such centers does not require a highly trained staff, says Slack. In fact, they are more effective if run by accountants, carpenters, bus drivers, housewives−people the boys can take as models. The cost of a listening post for 50 delinquents: about $500 a year per boy. In Massachusetts, the cost of keeping a prisoner in jail for a year...