Word: braking
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Dates: during 1960-1969
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...flight, and he tried unsuccessfully to build a light, powerful engine that worked by expanding air. He also invented the tension-spoke wheel, the principle of which is still used in bicycles, a surprisingly modern-looking caterpillar tread for large land vehicles, an artificial hand, and an automatic railroad brake. But although he lived to be 83, he never crowned his career by building an airplane that actually flew...
...from his former G.E. salary of $125,000, since Baldwin's President McClure Kelley himself gets a mere $76,200. Lewis J. Burger, 49, a G.E. division manager before he went off to jail, was elected president of LeTourneau Westinghouse Co., a subsidiary of Westinghouse Air Brake Co. that makes construction and earth-moving equipment. Frank E. Stehlik, a G.E. general manager who got a suspended sentence, was hired by Philco Corp. as manager of its communications and weapons division. Two other indicted G.E. executives have also landed jobs, and one has retired...
...racing cars entered in France's Grand Prix de Pau either cracked up or broke down before they finished the long, sun-splashed climb through the streets of the little Pyrenees town. Veteran Belgian Driver Olivier Gen-debein even managed to get his foot jammed between brake pedal and accelerator on his little Emeryson speedster, shot off the road at high speed and wound up in a hay bale. With that kind of competition, Scottish Farmer Jimmy Clark, 25, who had never won a big race before, had no trouble bringing his Formula One Lotus home in front...
...sell. Says Economist Wolff: "There is no justification for building so many homes as are being built in Florida." Yet the land boom shows few signs of busting. Land prices have slipped only slightly, though the recession has made it easier to get land on easier terms. One brake on the boom is the difficulty of getting credit in Florida. The state's banks, still shell-shocked from the spectacular bust of the 19203' boom, advance money grudgingly. Majiy plants that would like to open in Florida find they just cannot get the credit that they could...
...wire wheels. Ford introduced its new Futura (TIME, March 24) and Comet S-22. Chrysler showed off its experimental Turboflite; it has a rakish body by Ghia, a gas turbine engine only half as heavy as a regular V8, and an aft flap that acts as an air brake...