Word: fasts
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Dates: during 1950-1959
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...when he took a vacation from his drawing board and, with his father and brother Rod as crew members, astounded the blue-water racers by skippering his 52-ft. yawl Dorade to victory in a transatlantic race to England. The experience helped him go on to design deep-keeled, fast cruising yawls with flashy racing lines, such as Baruna and Bolero, and the shallow-keeled, sturdy Finisterre, that came to dominate blue-water racing against schooners and ketches...
Like Columbia, Sceptre was financed by a syndicate, eleven members of the Royal Yacht Squadron at Cowes. She was also designed for heavy weather. In trial runs, Sceptre looked her best when fighting to windward in a running sea. Free to move fast and safely in her yawning cockpit, her crewmen could put their stabilizing weight where it was needed. But some British experts were grumbling that Scottish Designer David Boyd, 55, had made Sceptre too rugged. With a foot less waterline length (45 ft. v. 44 ft.), Sceptre's displacement is 68,000 Ibs. compared...
...factory week has led to a significant increase in employment. Administration economists expect employment to go up as soon as automakers make peace with their workers (see below) and start to roll out the '59 models. But few expect the jump in jobs to match the fast pickup in production. The recession taught U.S. business to live without a lot of fat, and technological breakthroughs have enabled machines to take over jobs from...
...also pleasantly surprised. Merchandise managers of Southern California's Broadway, Bullock's and J. W. Robinson department stores reported that August sales exceeded all their expectations. Said President Arthur L. Kramer Jr. of Dallas' A. Harris & Co.: "Our first fall fashions were snapped up so fast that now we have to buy some more in a hurry...
Full House. While oil companies, hotels and airlines started their own credit cards years ago, the fast-growing new market for a broad new type of card was pioneered in 1950 when Lawyer Ralph E. Schneider, 49, Hollywood and Broadway Producer Alfred Bloomingdale, 42, and the late Frank X. McNamara founded Diners' Club. They built up a roster of 17,000 restaurants, hotels, motels and specialty shops that were glad to pay them a 7% fee for the business of their 750,000 members...