Word: framework
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...implications of such a system are basic to biology. "Lacking an adequate framework of biological theory," Lederberg said recently, "we cannot easily construct a precise definition of life that could apply to all possible worlds. It would be incautious to reject the possibility of exotic forms of life that dispense with water or oxygen and that thrive at temperatures below minus 100 degrees or above 250 degrees centigrade." Lederberg hopes his experiment may one day decide the argument about whether life arose spontaneously on different planets or whether it arose everywhere (assuming it exists elsewhere) out of spores floating through...
...economic orthodoxy, has outlived its usefulness. Said Henry Clay Alexander, chairman of the Morgan Guaranty Trust Co., addressing the annual meeting of the Investment Bankers Association in Hollywood Fla.: "Repeal of the 25% gold-backing provision would be a logical step in the further improvement of our international monetary framework." Alexander's proposal came when the flight of gold from the U.S., caused by a worsening balance of U.S. payments, was approaching a crisis. The Treasury Department announced last week that the oss of gold in November was the biggest he U.S. has ever sustained, reached nearly $500 million...
Influential Backers. Alexander got a quick answer from the Wall Street Journal which snorted that "we hardly think that changing the rules would be a step in the improvement of our monetary framework." But most Washington economists wholeheartedly backed the change, were concerned only with the psychological effects it might have at the present time not with the idea's basic soundness. It already has some influential backers. The International Monetary Fund in 1958 recognized the advantages of reducing or eliminating the gold reserve requirement and Roy Reierson, vice president of Manhattan's Bankers Trust Co., proposed abolition...
...difficult to argue with Sen. Goldwater about anything, of course. Nothing that can be said within the context of the 20th century will convince him; he is talking about something quite outside that framework. Given, however, that the United States is a major power in an increasingly inter-connected world, and that the good will of allies and neutrals is indispensable to a world leader, the gentleman's proposal is fatuous...
...Reading Class we therefore devote some time to the way in which an examination question, when it is a good one, demands the exercise of learning with perspective and with relevance to an intellectual issue. Within this framework we turn to those procedures in reading through which relevant learning may best be achieved...