Word: core
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Dates: during 1960-1969
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Ingenious Theory. What was missing from the mathematical calculations, Dr. Eckert thinks, is a vital assumption: the moon has no heavy core like the earth's. Instead, it must have a heavy shell with lighter material inside. This would make the moon more reluctant to turn on its axis, and the extra resistance would account for its computer-calculated shift of orbit...
...case involved camouflaged claims, secret pacts, whispered tips to friends, a "false and misleading" press release and some substantial paper fortunes. The SEC chronology: On Nov. 10, 1963, Texas Gulf geologists, headed by Kenneth Darke, were drilling on a claim near Timmins when Darke pulled out an impressive core sample of high-grade copper and zinc-so impressive that he hiked ten miles in the snow to reach his Jeep, then drove into town to call company officials. They notified President Stephens immediately, told the geologists to keep in daily touch. The company officials who got the news then swore...
...next few weeks, most of these Texas Gulf insiders began buying up the company's stock in hopes that the lode was as good as the core looked. By early April 1964, rumors of the strike had flitted from Timmins to Toronto to Wall Street. When the New York Times printed a story of reports of a "great deposit" found at Timmins by Texas Gulf, the company promptly slapped the report down as "without factual basis." In a press release on April 12, the company discounted the Timmins core: "Any statement as to the size and grade...
...time that the discovery was made public, four months after the excitement of the first core, twelve of the 13 defendants had bought 9,100 shares of Texas Gulf stock, bought options on an additional 5,200 shares, or received company stock options to buy another 31,200 shares. In that time, the price of the stock had climbed from 17 to 34; it stood at 71 when the SEC filed its lawsuit last week...
...warmly accurate scene at a restaurant, Peter and his mother jockey through lunch, both full of affection but unable to find a way for the man-boy to return home and do exactly as he pleases without breaking any house rules. Actress Biggs touches the nitty-gritty core of teen-age ambivalence when she half proudly, half sorrowfully apologizes to her beau for passing a final exam: "I got 75. I'm sorry, I had pressure from my parents. I had to." Later, squatting on a deserted subway platform late at night to strum and hum folksongs...