Word: crashes
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Dates: during 1960-1969
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Enrico Mattei was one of the most powerful men in Italy when he died in a plane crash three months ago. As wheeler-dealer boss of the huge government-owned E.N.I, oil monopoly, he used sharp elbows at home and abroad in the constant effort to expand the power of his $2 billion industrial giant. When the elbows did not work, money did-as indicated by the recent tribulations of some of Italy's most prominent newspapers...
...Wall Street, where the Dow-Jones industrial average has climbed 25 points to 671.60 since the year began, brokers happily watched small investors returning to the market in sizable numbers for the first time since the crash last spring. In its latest quarterly consumer poll, the University of Michigan reported that 39% of the nation's families are earning more than they were a year ago, and that 20% of them expect to buy new or used cars in 1963. But amidst all these euphoric signs, there is one troubling problem which afflicts a minority...
...state cops later reconstructed it, a woman driver pulled part way off the freeway with a flat tire-setting off a chain reaction that piled car upon car for five miles. The toll: one dead (a nun riding in a car about a mile back from the first crash), two critically injured. 24 in the hospital, 25 others slightly injured. 20 cars demolished. 40 cars disabled and at least 200 cars involved...
Died. Paul Vincent Shields, 73, founder and senior partner of Wall Street's Shields & Co., financial confidant of Franklin D. Roosevelt, one of the first brokers to recognize and demand a thorough reform of the freewheeling New York Stock Exchange after the 1929 crash; of cancer; in Manhattan. A sailor by avocation, Shields and his business partner-brother Cornelius helped make yachting a mass U.S. sport by popularizing smaller boats with lower costs-6-Meters, Stars, Interclub Dinghies. Last year he paid more than $300,000 to buy and refit the 12-meter Columbia, successful 1958 America...
...rolled out a high-styled line of '63 cars that had more built-in maintenance than the '625?at the same price. The new models were gobbled up by a public that was earning record income and had fattened its savings accounts with money from stocks sold during the crash. Auto production in the fourth quarter climbed to 2,000,000 cars, higher even than the great record year...