Word: toward
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Dates: during 1960-1969
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Long-Run Loss? The law has just been upheld by a 2-to-1 vote of a panel of three federal judges. Its chief purpose, said the majority, is to "promote the welfare of the people." While it may indirectly benefit sectarian teaching, the state remains neutral toward religion-just as it does in providing parochial schoolchildren with free lunches, a practice already considered legal. Because the Pennsylvania law does not "advance or inhibit religion," said the majority, it satisfies the First Amendment...
...scrupulously contained performance, Rebecca Thompson's Hedda is remarkably affecting and finally tragic. In part, this is due to Ted van Griethuysen, whose deliberate gravity of direction achieves cumulative emotional intensity. Hedda moves inexorably toward tragedy in that her ultimate foe is not the world of mere men but what O'Neill called "the God of Things as They Are." She regards suicide as the perfect act of courage because it is her non serviam to that god, her defiance of human fate...
...money supply. Last week Vice Chairman James L. Robertson called for "tighter and more painful controls" to eradicate the nation's "inflation psychosis." Such tough talk reflects a serious worry that is still shared by the majority of the board's members. They fear that even the slightest move toward easier money or lower interest rates would be misinterpreted by businessmen as a signal to get set for another jolt of inflation. In the minority at present, Board Members Sherman...
Economists tend to agree on the business profile for 1970: a rise in jobless ranks to 4¼% or 4½% of the labor force; 4% price inflation, probably tapering off toward year's end; sluggish 2% real growth in the over-all economy, which will expand from $933 billion to $985 billion or $990 billion. A few sectors of business anticipate substantial difficulties. Auto manufacturers (except Ford) have already curtailed production a bit, and some retail merchants figure that they will have to hustle to maintain their sales volume. "The consumer is beginning to stiffen up," says Ralph Lazarus, chairman...
...choose for their children. This, he says, would encourage the founding of independent schools to compete with public schools, particularly "in the ghettos where schooling now available is extremely unsatisfactory." He believes that men who work as leaders in the free market should devote their full energies and intellect toward helping it function better, and that they should be unencumbered by outside considerations. Friedman once wrote: "Few trends could so thoroughly undermine the very foundations of our free society as the acceptance by corporate officials of a social responsibility other than to make as much money for their stockholders...