Word: three
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Dates: during 1960-1960
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...Johnnies study 60 hours a week, forgo fraternities and all intercollegiate sports except boating. They have three or four Socratic-style tutorials a week in mathematics and in languages, two in a science laboratory, two in music (for the first three semesters), plus two weekly seminars on the great books. Friday nights they hear a lecture or concert by such visitors as Mortimer Adler and the Juilliard String Quartet. Lest all of this seem medieval, St. John's boasts "more required mathematics and laboratory work than any other liberal arts college in the country...
Traffic on the nation's three helicopter airlines in Chicago, Los Angeles and New York, which shuttle passengers from one airport to another and from outlying airports to downtown areas, has steadily increased from only 152,000 passengers in 1957 to 461,919 in the first ten months of 1960. But the helicopter lines make no money because their aircraft are small and expensive to maintain. They have to depend on Government subsidy, which for the three lines amounted to $4,765,000 in the fiscal year ending last June...
...Midwest, called Senior Citizens Hotels Inc. They are converting several floors of each hotel for retirement living. There is a recreation room and kitchen, ramps instead of stairways where possible. Rents range from $35 a month for a room without meals to $125 for a bath and three meals, supervised by a dietitian to make certain that meals are wholesome for oldsters. Says Senior Citizens' originator, Charles Little: "An attractive retirement hotel sells the children whose consciences might otherwise bother them when they move the old folks out of their homes...
Such tactics, backstopped by one of the most efficient aluminum plants in the world, have made Harvey Aluminum the bright spot this year in a generally tarnished-profit industry. Aluminum's Big Three (Alcoa, Kaiser and Reynolds) are operating at an average of 83% capacity, and profits are down in the cost-price squeeze. Harvey has been operating at 100% capacity all year, this week reported record profits of $5,000,000 for the fiscal year ending Sept. 30, despite the fact that sales slipped 1.1% to $59.7 million...
...young company's biggest problem was assuring a steady flow of raw aluminum for its fabricating plant. In 1955 that problem was solved when the Government, which wanted to increase aluminum capacity outside the Big Three, guaranteed a $40 million bank loan to Harvey. To assure Harvey a market, the Government also agreed to buy up to 54,000 tons a year for five years, beginning in 1959, of Harvey's primary aluminum output for U.S. strategic stockpiles. Since the reduction plant's capacity is only 60,000 tons a year, this was a healthy demand-cushion...