Word: bets
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Dates: during 1950-1959
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...with its swift CF-105, possibly even sell some to the U.S. Air Force. High costs and the missile age made it impossible. To equip the R.C.A.F. with Arrows would cost something like $2 billion, and the first operational models would not be in service until 1961. A better bet was to spend the money on a setup like the U.S.'s SAGE system: improved DEW-line radar, electronic computers to guide 2,000-m.p.h. missiles such as the U.S. Bomarc. The tough-minded decision left the proud R.C.A.F. with little future as a combat flying force. Its role...
...Battle of the Century." Dismayed by Culbertson's lucrative preeminence, a dozen less publicized experts headed by aging Sidney Lenz banded together to publish an "Official System." Culbertson publicly laid down a challenge: he would bet $10,000 to $1,000 that, in a match of 150 rubbers, he and his wife Josephine, using the Culbertson system, would beat Lenz and any partner, using the Official System. Under Culbertson's relentless public needling, Lenz reluctantly accepted the challenge, chose as his partner hefty Oswald Jacoby, later famed as an expert on canasta and poker as well as bridge...
Similarly, as the son of a professional gambler with a tragic genius for bucking a pair of aces against three deuces, California's Brown is perhaps the most cautious bet hedger in U.S. politics, rarely moves without holding a Pat hand. Running for one of the nation's biggest administrative jobs, he is a second-rate administrator with a notorious inability to make decisions. "He has limitless energy in meeting people but not the energy to cope with issues," says a top California Democrat. Adds a close friend lamely: "While...
Sporting Life's major crusade is against tote boards, which are gradually replacing Britain's famed bookies, with their derby hats, their rhyming slang-and their ads in Sporting Life. Writes Clements of the board: "Uninspired, uninspiring. To see the stolid, sad-faced queues lined up to bet on numbers at prison windows, the somber ritual repeated if, perchance, they are concerned with the payout-it is a dreary business...
GOLD FUTURES TRADING is growing brisk for first time in U.S. as some speculators bet that gold price will be boosted from $35 per oz. U.S. traders buy 90-day gold futures from British and Swiss, pay 2% premium. British and Swiss sell short, i.e., borrow gold to sell to U.S. traders, because they figure chances of price rise are dim. Trading volume runs close to $1,000,000 a week...