Word: yardsticks
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...capacity total is arbitrarily set each January instead of being increased as capacity grows. Thus last week's estimated production of 1,538,000 tons is rated at only 56.9% of the new capacity whereas it is actually more than 60% of capacity by the yardstick used only three weeks ago. From now on the steel industry will emphasize actual weekly productions in tons...
...first time, parents would have a real yardstick to measure their schools. If the local school continued to teach such pleasant subjects as 'Life Adjustment' and 'How to know when you are really in love,' instead of French and physics, its diploma would be, for all the world to see, inferior. Taxpayers will begin to wonder whether they are getting their money's worth . . . when their children find admission to college difficult because theirs is an inferior diploma...
...achievement far too frequently turns out to be the very reverse of what we wanted: the second-year man under our system of traditional courses, examinations and grades emerges a puzzled fellow indeed, rapidly losing any feeling of his own progress or coming to mistrust the yardstick by which progress is measured...
...Yardstick...
Slichter complained that the Democratic statement contained "no yardstick to indicate how far credit should be eased." While agreeing that the tight money policy had retarded increases in production during the last nine months, Slichter said that corporations had received too much blame for price increases...