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...Alone. The Government spent $1.2 billion more than it expected to-on such matters as U.N. bonds, the Cuban crisis, and a speedup in the public works program. But that sum would hardly have been noticed if other expectations had worked out. The Government lost $5.3 billion in corporate taxes that it had counted on, about $1.8 billion in individual income taxes, and some $500 million in capital gains taxes, held down by the sagging stock market...

Author: /time Magazine | Title: The Economy: Damn the Deficit | 11/23/1962 | See Source »

...boys) Deerfield has the last of the strong headmasters, shaping a school in his own image: Frank L. Boyden, 83. He runs the school without speedup courses or language labs, does not publish a catalogue or even a rule book. The "Little Fellow" (5 ft. 6 in.) calls himself "a country sort of person who likes boys," is famous for second chances: "If a boy needs to be expelled, he needs even more to stay here." Even bigger (630) Lawrenceville, in New Jersey, tackles size with a house system that keeps same-age students together for eating, sleeping, studying. Tuition...

Author: /time Magazine | Title: Education: GOAL: A DECENT GUY WHEN YOU'RE DONE | 10/26/1962 | See Source »

These bothersome figures put more pressure on the Administration for quick across-the-board tax cuts. The Administration still had not committed itself on that. But last week Washington did respond with two milder stimulants:1) a long-awaited speedup in depreciation write-offs of industrial plant and equipment; 2) lowering the cash margin required in buying stocks from...

Author: /time Magazine | Title: State of Business: Mild Stimulants | 7/20/1962 | See Source »

...Professor. The speedup in good high schools adds to the pressure: youngsters are set on graduate school long before they get to college. At Amherst, for example, an estimated 90% of entering freshmen plan to study five years or more. Swarthmore's Mary Murphy is going on to law school because "I want to fill my obligation to society." At highly selective colleges, the idea of skipping further study is now almost square. Says Radcliffe's Dean of Instruction Kathleen O. Elliott: "I don't know how many times I've had to convince a girl...

Author: /time Magazine | Title: Education: Who's Commencing? | 6/8/1962 | See Source »

...cherish the values of general education-and four years of it in a liberal arts atmosphere. They see colleges becoming mere cram schools for graduate study, and at some prestige campuses, 90% of all B.A.s do go on studying (national rate: 33%). The generalists are also unhappy about speedup advanced-standing schemes in which students skip entire years. (They approve the extra-credit Advanced Placement Program.) At Harvard, Classicist John Finley argues that even ultrabrights need time to grow up. "A student can fly from the West Coast to Harvard in a few hours," says Finley, "but the soul...

Author: /time Magazine | Title: Education: NEXT YEAR'S BRIGHT FRESHMEN | 5/11/1962 | See Source »

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