Word: term
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Dates: during 1950-1959
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...life's, work in what were his least controversial words. "I shall hope," he said simply, "that each of you will believe that through the years I have been faithful to your interests." Lewis' successor as U.M.W. president for the final year of his four-year term: Mild, humorous Vice President Thomas Kennedy, 72, a miner since 1900, onetime Lieutenant Governor of Pennsylvania (1935-39), who has lived and worked faithfully for 40 years in John L.'s massive shadow...
...optimism of press-agents, a grey area of ambiguity of authority exists as to what would happen should a real emergency occur. But NATO members seem fearful of examining these awkward truths too closely. Instead, covering their indecision with phrases, the Council members decided last week to abandon the term "integrated" air defense in favor of "unified" air defense and to turn the problem over to NATO's Permanent Council for later decision. In effect, this was to pass the buck to Eisenhower and De Gaulle...
...root of the tension between the Air Force and the colleges, said President Millett, is a continuing uncertainty over the mission of the A.F.R.O.T.C. program. Over the past 15 years, the Air Force has shifted the goal from training men to serve for short terms in reserve units to recruiting and educating active-duty officers on a long-term career basis. This has been done, charged Millett, without the Air Force's defining a new mission for its college R.O.T.C. units. Said he: "It is not unfair to say that the administrations of many colleges and universities sense...
...Test of Vigor. More and more research is needed. Although industry spent $10 billion on research this year, it will have to spend still more. "The company that stints on research these days," says General Telephone & Electronics President Don Mitchell, "will give some short-term gain to its profit-and-loss statement, but it won't have any profit statement to worry about by 1970." Mitchell knows from experience that research pays off at a prodigious rate. "That means that $100 spent on research will bring back anywhere from $2,500 to $5,000 over a 25-year period...
...equivalent of the Small Business Administration works hard to modernize the small shops, sweep away the prejudices against middle-sized and big entrepreneurs. Says France's Economic Planner Jacques Rueff: "I want to open the windows and let in some air." Even the bankers are loosening up: medium-term credits for business are on the rise, consumer credit is climbing fast. Britain removed its credit restrictions in late 1958 and watched consumer debt jump 50% in 1959; France had no credit to speak of ten years ago, now counts more than $400 million. Another symbol of the changing approach...