Word: standardized
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Dates: during 1950-1959
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...There has developed another school among the social scientists, and they gather facts with a vengeance. They count things and correlate things and obtain medians and means and standard deviations. This school flourishes most among, though it is not limited to, the educationalists; and though Johnny may not be able to read, he has been well counted and correlated . . . The fact-gathering becomes so elaborate and monumental that the problem which initiated it disappears along with any possible conclusion...
Hopefully they go on: "We may envisage the use of a standard packet of antigens . . . for the great bulk of the consumers. This would [represent] the various strains of the Group A streptococci, and the staphylococci, pneumococci, tubercle bacilli, typhoid, paratyphoid and diphtheria organisms, and eventually the virus antigens of poliomyelitis, rubella, measles and other diseases. Other packets of disease antigens for special regions, seasons or fractions of the population might be demanded...
Last week two more industrial giants announced their future plans. Chrysler President Lester Lum ("Tex") Colbert said his company will spend more than $1 billion over the next five years for new plants and automated equipment. To express "our confidence in the economic outlook," Standard Oil (N.J.), the world's biggest oil company, announced that in 1956 it will spend a record $1.1 billion on expansion: 50% on searching for new oil, 25% on refineries, and the rest for new transportation and marketing facilities to get its products to consumers. Little Man Beware. In Wall Street there are still...
...MERGER will give Gulf Oil Corp., second U.S. international oil producer (first: Jersey Standard), control of Tulsa's Warren Petroleum Corp., one of the biggest U.S. producers and marketers of natural-gas products (total assets: $141.5 million). Warren stockholders will get eight shares of Gulf for ten Warren shares...
...GRADED LUMBER will help do-it-yourself carpenters select the grades they need. Western lumber mills (which produce about one-third of all U.S. soft wood) plan to abandon the old, complicated system of grading by numbers, will use names instead: construction, standard, utility or economy...