Word: three-year
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...York Yachtsman Harold S. Vanderbilt gave $2,500,000 to the Program for Harvard College, just in time to enable the monumental three-year campaign to top its goal with total pledges of $82,697,470, plus a $5,000,000 dividend of interest and appreciation already earned by Program money in the bank. Explained onetime Harvardman ('07) Vanderbilt: "This drive has acquired an almost romantic appeal for the many who love Harvard...
...Hong Kong, the newly formed Hong Kong Garment Manufacturers (for the U.S.A.) Assoc., fearful of U.S. tariffs against their ever increasing garment exports, set up a voluntary three-year quota system for shipments of cotton goods to the U.S. (TIME, Dec. 14). With the blessing of the colony's government, the new restrictions limit 1960 exports to the U.S. to the 1959 figures plus a 15% increase; in each of the next two years, there would be an additional 10% increase...
This week the presidential Taft-Hartley fact-finding board, headed by Mediator George William Taylor, will receive from the steel companies the offer that the workers will vote on in company-by-company, secret-ballot referendums. The offer: a three-year wage-and fringe-benefit package that, as the industry reckons it, would increase labor costs by 2.7% a year, or about 30? an hour over three years (present steel wages average $3.10 an hour, plus fringe benefits). According to Labor Department figures, 2.7% has been just about the average yearly increase in steel-industry productivity (output per manhour) since...
...Germany to become the second front of the Algerian War?" the Frankfurter Rundschau demanded. What angered the Rundschau as well as many other Germans was a three-year chain of bombings and killings in West Germany, all unpunished. Most of the victims were Algerian nationalists, or the men who sell them arms for Algeria...
Tackling the U.S. teacher shortage, Yale last week announced the results of a three-year project directed by Yale Education Professor Emeritus Clyde M. Hill. Eight Connecticut housewives (aged 30 to 45) attended special classes at the University of Bridgeport, taught part time in the public schools of Fairfield. All the women got higher academic scores than the norm for college girls, compared favorably with new college graduates. All taught better for having broader life experience than the average young teacher. Yale's total training cost per teacher: $750, much less than for younger student teachers. With five...