Word: year-end
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...students is an early entrant, some coming on campus after completing only two years of high school. Many of the college's top students either flunked or dropped out of other schools, but in Shimer's stimulating atmosphere came back to intellectual life. Students take three courses a semester, are encouraged to integrate the subject matter of one as fully as possible with the others. Because it is small, integrated in subject matter and undepartmentalized, Shimer can give year-end comprehensive exams that thoroughly test the student's total knowledge. Each "comp" takes an entire...
...gift to the hopelessly poor unskilled laborers who make up one-fifth of the work force, Franco last week announced an increase in the minimum wage that will almost double their take-home pay and fringe benefits (to $1.66 a day). Spain, said Franco, in a year-end TV and radio address, is now "a nation of peace, on the road to economic recuperation, with a capacity for growth in all sectors of its life, and with a youth that is technically prepared and eager to face the future...
...their listings of the stupendous events of the 1962, however, none of the sportswriters adequately recalled the feats of Harvard's athletes, so we would be remiss in our obligations if we did not join in the annual year-end reminiscences...
...income" side of the ledger was artificially fattened when France. Italy and Sweden agreed to pay off ahead of schedule some $664 million in postwar U.S. loans. And "outgo" was probably reduced by several hundred million dollars because some European and Canadian banks refrained in 1962 from their usual year-end "window dressing"-the practice of bolstering cash balances for the annual report by temporarily pulling back money on deposit...
...business year was the impact of overseas business upon the U.S., and the increasing U.S. involvement abroad. To round out this part of the story, our Common Market Correspondent Jason McManus interviewed several dozen bankers, industrialists and economists in Europe, as well as that new breed of technician, the Eurocrats. For the past 6 months we have been presenting two business sections each week-U.S. and World Business. Since the theme of this story is how the two areas became interwoven in 1962, it is appropriate that in our year-end review we put the two sections back together...