Education: Report Card

¶ In Winter Park, Fla. last week, the year-long feud between Dr. Paul A. Wagner and Rollins College (TIME, March 19, 1951 et seq.) came to an official end. Ex-President Wagner, who was fired as the climax of a quarrel that started with his dismissal of 23 professors for "economy" reasons, announced that he had settled his $100,000 libel suit against the college for $50,000, and had withdrawn his $500,000 damage suit against eleven trustees. After both sides agreed to say nothing more, Wagner fired a Parthian shot: "[I was] a scapegoat . . . I carried out the instructions of the board of trustees . . ." Then he announced his new job: executive director of the Ford-sponsored Film Council of America, which produces and distributes educational films.

¶ After four months of loafing around the campus Coke machines, a U.S. Secret Service agent pounced on three University of Wyoming students and hustled them off to jail. Their crime: shrinking pennies to dime-size in a one-minute bath of nitric acid. The law conceded that only about $20 worth of Cokes had been stolen in all, and that as many as 20 other students had done the same thing, but it still charged the three pranksters with mutilating U.S. currency. Bail was set at $1,000 apiece. Maximum penalty: a $2,000 fine and five years in jail.

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MARTHA STEWART, when asked about the insider-trading scandal that, by her estimates, cost her company more than a billion dollars
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MARTHA STEWART, when asked about the insider-trading scandal that, by her estimates, cost her company more than a billion dollars

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