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...almost immediate result, Merrill Lynch, Pierce, Fenner & Smith boosted its rates for margin loans from 6½% to 6¾% for small investors and from 5¾% to 6% for big ones. Most important, from Wall Street's viewpoint, tight money has made bonds more attractive than at any time since 1921. Many a $1,000-par medium-grade corporate bond is selling close to $900 and yielding about 6% ; some tax-free municipal bonds pay interest of 4%, which is as good as an 8% stock dividend return to an investor in a high-tax bracket. The current...

Author: /time Magazine | Title: Wall Street: The Tight-Money Market | 3/18/1966 | See Source »

From Thomas's viewpoint, the greatest benefit from applying computers to large socio-economic problems like overpopulation lies in their ability to consider a vast number of background factors in terms of an equally large array of alternative actions. A tremendous backlog of information on actual socio-economic conditions in different areas has to be acquired before a computer model for development can be produced. Presently, the center is operating one field station in Egypt; Thomas hopes to establish other outposts in Sweeden, India, the Pacific islands. Latin America, and Africa...

Author: By Jeffrey C. Alexander, | Title: Improving Quality of Life, By Limiting Its Quantity, Is Population Center Goal | 3/17/1966 | See Source »

...Never Forget." Especially alarming from the medical viewpoint is the fact that no one knows how much LSD is really in a California capsule, or how pure the drug is. The only legal supply, from Sandoz Pharmaceuticals, goes to selected psychiatrists as a research tool for creating "model" psychoses, and for use in the treatment of certain patients, notably alcoholics. This supply is so rigidly controlled that none, so far as is known, is now reaching a black market. The flood of stuff in California is all bootleg, some imported from Mexico, more of it home-brewed by chemistry majors...

Author: /time Magazine | Title: Psychiatry: An Epidemic of Acid Heads | 3/11/1966 | See Source »

...From the viewpoint of Bruce Chalmers, Master of Winthrop House and chief supporter, of the idea, the House offerings have other advantages. Chalmers (who teaches Nat Sci 1 himself) claims benefits from the courses other than the obvious conveniences of flexible meeting times and easy accessibility between teachers and students. Chalmers envisions the House courses as opening new lines of communication between tutors and students. Through the courses, a student could gain close contact with other members of the House tutorial staff and through them, the kind of extra-departmental advice his regular tutor may be unable to provide...

Author: NO WRITER ATTRIBUTED | Title: House Courses | 3/2/1966 | See Source »

...NCAA is not trying to show contempt for the Ivy viewpoint on athletics. But unfortunately the Ivy league often looks upon the NCAA with a cynical eye, viewing a as a power-hungry organization eager to harass college athletics. Critics forget the essential role of the NCAA to protect and improve amateur sports for the 645 member colleges. The NCAA has become increasingly effective in curbing recruiting violations, creeping professionalism, a growing television network control over game conditions...

Author: NO WRITER ATTRIBUTED | Title: Ivy League vs. NCAA | 2/17/1966 | See Source »

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