Word: followings
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Dates: during 1950-1959
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...physics concepts through experiments, rather than use experiments to verify laws already memorized. Other M.I.T. innovations: increased emphasis on theoretical rather than applied physics; less electrical circuitry, greater stress on atomics; early teaching of the principle of wave action, to give a unifying theme to much of what will follow...
...Following its philosophy of swimming against the business tides, the Federal Reserve Board moved to tighten credit slightly in two ways last week. First, it gave the Dallas Reserve Bank permission to follow San Francisco in upping its discount rate from 1¾% to 2%; the other ten districts are expected to come into line soon. Next, the Federal Reserve announced that it had reduced its holdings of short-term Treasury bills, bringing member banks' net free reserves, which had been around $500 million for five months, down to $403 million. Though the Fed's moves brought immediate...
...Domestic machine-tool orders for July slipped 8.6% below the June level to $22.2 million. Yet toolmakers noted increasing inquiries, thought follow-up orders in autumn would put them back on the rise...
Grand Prix. The efforts of the radio and camera men have encouraged other Japanese industries to follow suit. Says Koji Kato, director of Alps Shoji toy company: "Past experience shows that flimsy, cheap toys are the best way to lose a market. We are now working to make toys more durable, safer, and at the same time more advanced than foreign makes." U.S. Toymaker Louis Marx is giving the industry a hand, recently went to Japan with a plan to reorganize the entire Japanese toy industry by supplying U.S. technicians, leasing machines, supplying designs and working out a "division...
...Deciding that it was time once again to lean gently against the economic winds. FRB gave the San Francisco Reserve Bank permission to hike its discount rate from 1¾% to 2%, the first such credit-tightening boost in eight months. The other eleven Federal Reserve banks will probably follow suit soon, thus signaling that 1) the Fed agrees that the recession is over, and 2) it is on guard to make certain that the recovery proceeds in a sound, orderly fashion...