Word: eights
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Dates: during 1960-1969
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...observing slowdowns - and even apparent reversals-in the fault movements at certain points, and by correlating them with subsequent earthquakes in the same areas, Hofmann gradually developed a rule-of-thumb system for quake prediction. His technique is far from foolproof; although he has correctly forecast eight recent earthquakes of significant size, 17 other quakes that his method predicted have failed to materialize. But Hofmann believes that more frequent monitoring of an even larger system of observation points will make his technique more reliable. He is convinced that the future of earthquake forecasting lies in being diligent to a fault...
...broadly worded eight-page brief filed in Manhattan's Federal District Court, the trustbusters charged IBM with blocking competitors from "an adequate opportunity to compete." One complaint was that companies that sell only hardware or software or maintenance services could not easily win customers because IBM offered the whole package at a single price. For certain customers, such as universities, the suit continued, IBM set unreasonably low prices in order to crush competitors. The suit also charged that IBM had quashed the sales prospects of newly developed rival machines by simply announcing new products of its own-even though...
Deep Tsai. Eight funds actually declined in value. Among them was Gerald Tsai's $454 million Manhattan Fund. It rose 39% in 1967 but slumped nearly 7% in 1968-to wind up at the very bottom of the list. Though Tsai's 1967 performance was certainly above average, many investors expected much greater growth; in 1968, his fund was hit with higher than normal redemptions...
...travelers in a hurry, Eastern Air Lines' hourly "air shuttle" has been a boon from its inception eight years ago. The service, which links New York-Newark with both Washington and Boston, guarantees passengers a seat even if they show up at the last minute. When passengers fill one of the jet planes to capacity, Eastern simply rolls out a second-section backup craft-usually a propjet Electra-to handle any overflow. The shuttle drew 3,200,000 passengers in 1968. But Eastern last week advised the Federal Aviation Administration that "the life of this service...
...development was worthy of the creation of a new line of automobiles. Product designers created the company's first disposable diaper in the late 1950s, but it flunked its market tests because the retail price of 10 ? was simply too high for mothers -who make an average of eight diaper changes a day. The problem was then turned over to production engineers, who devised a high-speed, block-long assembly line that brought the price down to 5½?. That is considerably more than the cost of buying and home-laundering a standard cloth diaper-which works...