Word: crashes
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Dates: during 1960-1969
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...reason was clear. Small investors, bruised in Wall Street's Blue Monday crash, were warily staying away from the market. At Reynolds & Co.'s Chicago branch, business was down almost 50% from June, and the same was true for Merrill Lynch, Pierce, Fenner & Smith in Los Angeles. Said James Love, manager of Kidder, Peabody & Co.'s San Francisco branch: "If we were dealing with ten people eight months ago, seven of them have quietly disappeared...
...Congressional investigation ensued; nasty little episode in which a well-known manufacturer, influential in Lawn Tennis Circles for almost four decades, was implicated in a foreign plot to debilitate American youth and admit Ralph Bunche to the West Side Tennis Club. Soon there was a crash program in which thousands of courts were built in parks and school-yards across the country. Weeds grew in the sandlots until the basepaths and pitcher's mounds were indistinguishable, until the "pock ... pock ... pock ... splat ... Gee I think your shot just missed by an inch, Bobby" replaced Chubby Checker singing The Theme From...
...indeed be a cultural filling-station, boasting a first-rate bookstore, a circulating art library, rooms for chess, reading and music. The question is whether minds can meet above the din of a nine-table ping-pong room, a ten-table billiard room, a 375-seat cafeteria and the crash of pins in the 14-lane bowling alley ($150.000 for automatic pinsetters alone...
...Second Look. The Richmond crash changed the political climate, and when they really began to look, investigators from the Federal Aviation Agency and the Civil Aeronautics Board found disturbing violations among many of the nonskeds: some mechanics were writing maintenance reports to show repairs and checkups that were never done; pilots were flying more than the legal eight hours at a stretch; flight crew training standards were minimal. In addition, non-sked business practices were sometimes downright dubious. President Airlines, which operated a DC-6B that crashed last year off Shannon, killing 83 passengers, got into the business by buying...
...Congress two months ago passed a new bill requiring all nonskeds to re-apply for certification to the CAB, to carry liability insurance and to maintain a healthier financial status. Meanwhile, nonskeds have been dying right and left. Of the 31 nonskeds flying at the time of the Richmond crash, five lines, including President, simply did not re-apply for certification; four others, including Imperial, were grounded for flunking FAA safety tests. The remaining lines last week began appearing before the CAB to plead for recertification...