Word: corpe
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Dates: during 1950-1959
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Waste and graft are high. After Peru contracted to buy four submarines from the U.S.'s General Dynamics Corp, word leaked out that the nephew of the navy minister who ordered the subs stood to collect a $300,000 "commission." The latest scandal brewing is in Cuba, where Fidel Castro agreed to pay $150 each for 24,000 Belgian automatic rifles worth $75 each. The fancy equipment is often short-lived. Days after Ecuador got three Canberra turbojet bombers, a mechanic cracked up two of them taxiing on the landing strip...
...heavy engine to stand up against the battering it gets. Last week NSU Werke motor company of Neckar-sulm, West Germany described a gas engine that has neither pistons nor valves. Invented by a mechanical genius named Felix Wankel, it was developed with financial help from Curtiss-Wright Corp., which provided a fervid earlier announcement of it (TIME, Dec. 7) but no mechanical details...
...dental coward" and neglected his teeth so long that for two months he had to spend two evenings a week and several hours each Saturday in the chair. What was unusual was that his dentist, knowing that Hay was president of Los Angeles' American Hospital Management Corp., prodded him into doing something about it. Said the dentist: "Why don't you get us a dental hospital in Los Angeles? Then a whole job like this could be done in two hours, and we'd both live longer...
...editor of London's Economist. The so-called proletariat that was the bulwark of socialism and Communism is giving way to an immensely enlarged middle class, intent on acquiring all the trappings of affluence. One excellent measure is autos. U.S. Businessman Arthur Watson, boss of IBM World Trade Corp., found the change astounding. Eleven years ago the manager of IBM's big plant at Essonnes, France asked Watson for permission to build a shed to house the workers' bicycles; two years later he said he needed to enlarge the shed to accommodate all the motorcycles. "Next time...
...case went into court last January when a Columbus federal grand jury indicted the four: Mains, sales vice president of the Union Fork & Hoe Co. of Columbus; William G. Rector and Robert R. Raymond, president and vice president of the True Temper Corp. of Cleveland; and F. Bliss Winn. president of the O. Ames Co. division of McDonough Co. of Parkersburg, W. Va. The indictment charged that at meetings held over the past five years they discussed setting identical prices for hundreds of implements, chiefly for gardening, such as rakes, shovels, picks, trowels, sidewalk scrapers and sod lifters. With other...