Word: coins
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Dates: during 1950-1959
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...afternoon on Jupiter Island, Dulles got to talking enigmatically about how he and a classmate had made a study of probabilities at Princeton. "If you flipped a coin ten times and it turned up heads every time," said the Secretary of State, "what would be the probability that it would turn up tails on the eleventh flip?" The study, he said, had helped him in diplomacy. How he reckoned his chances in the eleventh flip just ahead...
Bandit-beating is not the simple business it once was. In the early days of the slots, the process was called "spooning," and it had nothing whatever to do with June or moon. A spooner would simply slip the handle of a tablespoon into the coin-return opening, wedge open the little trap door, insert his coin in the slot, and pull the lever. Down through the trap door would fall the take. One imaginative cheater was caught using a fine homemade machine tool with detachable heads, one each for nickel, dime, quarter, half-dollar and dollar slots...
Industrial Wire & Cable Ltd., and Providence's Grant Money Meters Co. (toll-road coin boxes). Universal estimates that earnings for the fiscal year ending in March will rise 56% to about $3,900,000, or $2 per share. That means Universal stock sells at a steep 48^ times earnings; Chesler's $1,000,000 ante in Universal has zoomed to a market value near $25 million...
More than half a century ago Rudyard Kipling advised the world to walk wide of the Widow at Windsor (for '"alf o' creation she owns"). Now British Satirist Angus Wilson offers a look at the other side of the Victorian coin-a blowsy Widow Britannia, landed tails down on the wet asphalt of the Welfare State...
...Nerves. Amid the laughter and the happy clink of coin, revolutionary Cuba was as left out as a snowbound Kansas farm. Even after the casinos reopened (see below), war-scared tourists were so scarce that each big Havana hotel offered 40 to 50 free rooms to Miami travel agents as a come-on. Most of the $60 million annual revenue from tourism will be lost. The peaceful islands do not hesitate to capitalize on the trouble. "While other countries in the Caribbean undergo riot and revolution," beamed the Jamaica Tourist Board last week, "Jamaica remains a haven of happiness...