Word: droppings
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Dates: during 1950-1959
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...relays it to General Power, who relays it to his commands. In a catastrophe situation with the President out of action, the order can be given by a complex of top officials in Washington. And even beyond Fail Safe point and all the way to bomb-drop point, the war order can be reversed and the aircraft called home. Fail Safe, says Air Force General Nathan Twining, chairman of the Joint Chiefs of Staff, is foolproof...
...these materials are byproducts of plutonium manufacture, and their sudden drop in price is due to a big new plant that AEC has built in Oak Ridge, Tenn. to purify them. Some of the market possibilities: atomic batteries, radiation sterilization of surgical supplies, large-scale chemical processing, light sources...
...fourth time in five months, the Federal Reserve last week eased the U.S. credit supply. To Reserve districts in New York, Chicago, Philadelphia, St. Louis and Minneapolis, Chairman William McChesney Martin and his governors gave permission to drop the rediscount another ½% (to 1¾%) on loans to member banks, and sliced bank reserve requirements. Thus the FRB released a potential of $2.7 billion in new credit into the nation's money stream...
Commercial banks, which historically paid only 2% to 2¼% on savings accounts, must now pay 3% to compete for funds and do not have much margin for operations if prime rates drop any lower than 4%. As a result of the cost squeeze, says one New York banker, "there has been no lending at all in New York below the 4% prime rate so far. And there are very few exceptions out of town. The loan ratios are high in all categories, and sentiment is firm against lowering the prime rate...
...Polarad Electronics Corp.* A hopper at the top holds the batter, releases enough for one pancake at a time to an electrically heated griddle. When one side is done, the griddle turns over, plopping the pancake into a second griddle, which bakes the other side. Finished pancakes thus drop onto a platter continuously. Designed by Polarad's President D. Lawrence Jaffe, the pancake baker was inspired by Jaffe's family: four children who love pancakes, one wife who has trouble keeping up at breakfast...