Word: koreans
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Dates: during 1960-1960
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Rising Tide. The long-term worry is the fact that after each of the last two recessions the unemployment rate has never returned to its former lower levels. From a low unemployment rate of 2.6% during the Korean war, unemployment stuck at 4% after the 1954 recession, as the labor force rose by almost 1,000,000 more than employment between mid-1953 and mid-1955. During the 1957-58 recession, the labor force rose 700,000 more than employment, and unemployment never again fell to the 4% prerecession level...
Died. David Hinshaw Yoo, 11 months, great-grandson of the late John Foster Dulles and only child of Dulles' granddaughter Jane Hinshaw and Hyon Yoo, a Columbia-trained Korean economics professor, now at Seoul University; in an accident when the infant became entangled in an electric blanket; in New York...
...books were on hand July 1, 1932; at the present time, the Chinese-Japanese Library (housed for the last two years in a new, fire-proof wing at 2 Divinity Ave.), owns more than 350,000 volumes. Endowment income annually brings about 15 or 16 young Chinese, Japanese, or Korean professors to Cambridge...
...Harvard-Yenching Institute since 1956, is currently touring East Asia to expand the Institute's financial assistance beyond aid to schools. Early this month, he attended the first international conference of scholars in East Asian studies, a meeting held in Yaipei to coordinate the activities of the Korean, Japanese Research Councils supported by the Harvard-Yenching Institute...
...same kind of rigidity in colonial affairs has affected economic progress before, and may possibly wreck it eventually. After the Korean War, when the U.S. satisfied itself with a stalemate armistice, Georges Bidault insisted on victory in Indochina. "Resistance," or"immobilisme" was again the theme in dealings with Morocco and Tunisia, a policy which Aron explains by recalling French fears of another Munich or Vichy. The same fears have prevented the transfer of the rest of the empire, Algeria, into nationalist hands...