Word: spur
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...stimulate all students, Ransom thought up the university's now-abuilding $4,000,000 "academic center," containing an open-shelf library of 250,000 books. To spur gifted students, he organized the Junior Fellows, made up of each year's 25 top arts and sciences freshmen, who get freedom to sweep through the university at their own pace. Such Ransom-bred vitality has already attracted a rising generation of bright young teachers who like what they find at Texas. "The good students here are damned good students," says French Professor Roger Shattuck, a former Harvard Junior Fellow...
...that produced the best daily gain in three years, hiking the Dow-Jones industrial average 11.24. Then the market eased a bit, ending at 621.54 for a week's gain of 5.75. The market, like many businessmen, was waiting to see what the new Administration will do to spur business. A Kennedy-sponsored economic task force headed by M.I.T.'s Professor Paul Samuelson last week gave some hints. In a lengthy report (see NATIONAL AFFAIRS), it said that a temporary tax cut of 3 or 4 percentage points in individual tax rates might be necessary to combat...
...spur for the leave-taking was the Lavon affair (TIME, Nov. 7), a five-year-old governmental scandal that has grown as complex and abstruse as a learned commentary on the Talmud. Polish-born Pinhas Lavon was Israel's Defense Minister until 1955, when he was forced from office for what has been mysteriously described as a "disastrous affair'' in the previous year.- Lavon loudly denied responsibility, insisted he had been framed by two of Ben-Gurion's proteges: Army Chief Moshe Dayan and Shimon Peres, Director General of the Defense Ministry...
...monopolies and labor featherbedding will help keep wages and prices in line. If they do not, "we should not shrink from selective controls" over such fields as consumer credit, mort gage rates and depreciation allowances -but not necessarily over prices and wages. He is for lower interest rates to spur the economy, for a broader taxation base to pay for the new projects. On the budget: "You run a big surplus to fight inflation; you run a big deficit to fight recession...
...Nobel Prizewinner Robert Woodward, famed for his syntheses of quinine, cholesterol and, in 1960, of chlorophyll. Woodward seeks no practical application for his work, saying: "I'm just fascinated by chemistry. I am in love with it. I don't feel the need for a practical interest to spur me." At an opposite pole is M.I.T.'s Charles Stark Draper, an engineering genius in aeronautics and astronautics who describes himself as nothing more than "a greasy-thumb mechanic type of fellow." And there is William Shockley, who with two colleagues (John Bardeen and Walter Brattain) earned a 1956 Nobel Prize...