Word: backed
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Dates: during 1950-1959
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...think, and want to get rid of the damned thing, and hit it. If he hits, he's a fighter. You see that pole bend down and that striper taking all your line and going out 500 ft., pulling like a bull, making circles, doubling back. Then he quiets down, and you think you've got him. You start bringing him in, and bang, he's off again, and if you don't know that trick of his, you've lost...
...decision closely paralleled the plan proposed by Du Pont itself after the U.S. Supreme Court had ordered the separation under the trustbusting Clayton Act (TIME, June 17, 1957) and sent the case back to Judge LaBuy to decide the details. He firmly rejected the Justice Department's demands that Du Pont distribute two-thirds of its G.M. holdings to its shareholders, sell the other one-third on the open market over a period of ten years. Such a plan, said the court, would have a "serious impact on the market value of the stock of General Motors...
...Aston Martin's DB4-GT, a new two-seat sports-racing car. The torpedo-back coupe is powered by a six-cylinder, 302-h.p. engine, can hit a top of 170 m.p.h. U.S. price...
...investment bank, joined forces with another Berlin refugee, a sharp lawyer named Friedrich Grunwald. Operating H. Jasper & Co., the two began to move fast, using the take-over expert's favorite tactic: after acquiring the controlling shares of a company, they would sell off its property, lease it back, use the cash acquired to buy more companies. H. Jasper & Co. gathered up blocks of apartment houses, movie theaters, billiard halls and a tannery, raked in high profits from one speculative deal after another...
...return to the gold standard would probably have to be accompanied by a price hike in gold to provide more adequate backing for the vast expansion of money and credit in the last few decades. Some economists who do not advocate a return to the gold standard nonetheless want a price hike. They argue that the U.S. has artificially kept gold at a fixed price since 1934, while the prices of the world's goods and services have more than doubled, and that not enough gold has been produced to keep up with the world's economic strides...