Word: trend
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Dates: during 1960-1969
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...capacity to handle it. Over the last ten years, commercial traffic has climbed from 36 million tons annually to almost 65 million tons. Today, some ships lie to for 15 hours or more awaiting their turn. The biggest tankers and aircraft carriers cannot squeeze through at all. With the trend to bigger and bigger ships, the canal will be obsolete altogether by the year...
Schools use the word grade in two quite different senses: as a chronological measurement of class levels and as a mark of student performance. By coincidence, there is now a small but growing trend to drop grades-in both senses. One out of four large-sized school-districts combines first, second and third grades into a single primary unit. Children learn at their own fast or slow pace without competing to hurdle the artificial barrier of promotion, and the only mark they get is the deliberately vague judgment of "satisfactory" or "unsatisfactory...
...look ahead, agreed that the industry will have another bumper-to-bumper crop, but disagreed-to the tune of about 700,000 cars-about just how good the year will be. Cautious but optimistic, General Motors Chairman Frederic Donner predicted that 1965 sales "could well exceed the long-term trend estimate of 7,800,000 cars and approximate the levels reached in 1964." Chrysler President Lynn Townsend said flatly that "the industry is now in the process of putting two 8,000,000-car years back to back," estimated that 8,100,000 cars will be sold in 1965. American...
...trend brings lower hotel bills as well as higher efficiency. Bankers and buyers travel to New York's money and merchandise markets more often, but for shorter lengths of time. The length of occupancies in Manhattan hotels has dropped from 3 clays to 2.2 clays per guest with the advent of the jets. "We go to New York at the drop of a hat," says Vice President Brown Meggs of Hollywood-based Capitol Records. "The jet has made the whole thing much more casual...
Over the year ended last September (the latest yardstick used by Manhattan's Arthur Wiesenberger & Co., the industry's Boswell), Penn Square Mutual shot up 29% v. a 19% rise in the Dow-Jones industrials, Fidelity Trend rose 27% , and the $744 million Dreyfus Fund, whose symbolic lion gives its sales promotion a distinctive flair, climbed 23% . Among the big funds that emphasize a mixture of growth and in come, United Accumulative Fund rose 17% and Affiliated Fund 16%. Massachusetts Investors Trust, the nation's oldest and second largest ($2.1 billion assets), made a 15% gain...