Word: crystallizer
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Mother with Crystal Ball. In 1936, in a bleak stone villa in London's suburban Kingston Hill, Farouk, a tall, trim boy of 16, got a long-distance call from Cairo. It was his mother, Queen Nazli. "My son," she sobbed, "you are King...
...intrigue and luxury. He was surrounded largely by sycophants who catered to his whims and seldom dared contradict him. He inherited a private fortune of $50 million, an annual Civil List income of $400,000, four fabulous palaces, huge estates, yachts. Queen Mother Nazli was a devotee of crystal balls, card reading, the scrutiny of tea leaves, and the augural dissection of pigeons. (She now lives in Beverly Hills where she is reported to be feeling right at home.) Last year, when she sanctioned the marriage of her daughter, Princess Fathia, to an Egyptian commoner, Farouk stripped Nazli and Fathia...
Different Animal. Most crystal-gazers have been baffled because they have tried to judge the current market by old rules. 1951's bull market is different from its predecessors, largely because there has been none of the speculative frenzy that usually accompanies bull-market tops. The so-called "little fellows" have jumped into the market all right, but instead of chasing after cheap cats & dogs they have largely bought blue chips and held on to them, ignoring price fluctuations. Those with large stock profits have not sold because, with dividends so high, they can find no better employment...
Returning Echoes. The heart of Ross's compact (150 Ib.) machine is a crystal of Rochelle salt† that converts electrical energy into pulses of "ultrasonic sound" (unlike radar, which uses radio frequencies). Focused into a narrow beam, the sound pulses are shot out through an underwater transmitter that can turn through 360°. Echoes from underwater objects come back to the transmitter and are displayed on one cathode-ray screen as part of a glowing map that measures distance and direction from the ship. Moving targets can be tracked across the scope as on an ordinary radar screen...
...decided to join the parade of other automakers asking for a boost on the basis of increased costs. With the new cost-of-living wage formula (see NATIONAL AFFAIRS), higher costs and prices were in the wind. The Joint Committee on the Economic Report took a look in its crystal ball and predicted: "The pressures for higher prices [in the next two years] are not speculative but fundamental; [they] arise out of increases in basic costs and demand . . ." But last week, with many prices still softening, U.S. businessmen kept a wary eye on their buying and waited...