Word: first
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Dates: during 1960-1960
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...Around the turn of the century he was among those troubled tycoons who tired of avarice and yearned for service. He was 46, unmarried, uneducated and worth some $6,000,000. Quitting business, Brookings gave the rest of his life to educating himself and others; he married for the first time at 77, died...
...Institute of Economics and began a graduate school to train men for public service. In 1927 he merged all three organizations as the Brookings Institution, envisioned it as a supergraduate "capstone to the education al arch of the country." Passionately Objective. Brookings was never quite that under its scholarly first president, Harold G. Moulton. It granted only 74 doctorates before dropping the program in 1936. But its economic research had a profound effect on national policy under both Democratic and Republican administrations. Brookings experts clarified and defined nearly every function of Government, from Indian affairs to forest control. Later they...
...demonstrated the sturdy holding power that has resisted any sharp slide. The Federal Reserve Board's index of industrial production, which many economists feared might dip noticeably in October, stayed just about steady at 107, the same as September, but 3% below the average for 1960's first half...
Losing Glamour. The most active area of the economy remained car sales, which ended a record October and pushed ahead to establish yet another record in the number of cars sold per day in the first ten days in November-6.4% ahead of the same period in record 1955. But the signs were growing that the hot-selling compacts may be losing some of their glamour; despite the addition of four new brand names, they seemed stalled at 29.2% of the market. Ford's compacts, which had been accounting for 41% of company sales last June, were down...
GOOD WEATHER INC. will offer tourists the first insurance against rain on European tours. Introduced by Scandinavian Airlines, each day of the 16-day tour is divided into three six-hour segments. The first eight rainy periods are deductible, but after that a policyholder collects $5 for every period in which it rains...