Word: current
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Dates: during 1950-1959
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...begins at 6:45 a.m. He plunges his well-sueted body into his heated swimming pool, pounds through a breast stroke for 30 minutes, then turns to a little weight lifting and to pedaling on his stationary bicycle before breakfast. After that, it is work, work, work on some current real estate deal that invariably produces money, money, money. He has two cars at his disposal (a 1959 white Thunderbird, a Continental Mark III), and in the evenings he sometimes watches movies on the CinemaScope screen in his basement...
...these, 25% have had "no chance to think about it." The families who do have savings plans (40%) managed to save only a median $150 last year. At that rate, it will take them ten years to save enough for one year of college for one child-at current costs, and last year alone costs jumped 9.5%. Concludes Ford Foundation Vice President Clarence Faust: "American parents apparently need to know more about the economics of higher education...
FORD STOCK SALE has been postponed by Ford Foundation, which planned to market 2,000,000 shares worth $160 million at current market prices. Final decision by foundation, which owns 34,132,239 shares, or 62.2% of all Ford stock, will not come until at least November...
...Valiant seats six, gets 30 miles per gallon, has a top speed of 100 m.p.h. Among its features: a new six-cylinder engine mounted at a 30° angle, instead of straight, to give the car a lower center of gravity, and an alternator* instead of a direct-current generator. Chief advantages over a DC generator: more electrical energy at idling and low speeds, longer battery life. Initially, the Valiant (priced at about $2,000 plus taxes, but no extras) will be offered in a four-door sedan, with two and three seat station wagon models to follow by year...
...Harvard's introductory course in economics can hardly be considered impartial--it certainly presents the "liberal" position in a favorable light, and tends to downgrade what Galbraith calls the "conventional wisdom." It is not surprising that a third of Harvard's students declare themselves in favor of "reduction of current unemployment by government action, even at the price of aggravating inflation," or that two-thirds support "government wage and price controls to check the inflation"--the second policy presumably helping to balance the first...