Word: fasts
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Dates: during 1950-1959
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...money to be made in the storage business. He began building skyscraping wheat bins from Nebraska to Texas, renting them to the U.S. for the surplus wheat it had bought. Garvey's new C-G-F Grain Co. was aided by specific federal subsidy in the form of fast tax write-offs (five years), as good as any granted to defense-plant builders during Korean war mobilization...
Coming two days before the deadline originally set by Nikita Khrushchev for the West to quit West Berlin, Springer's ceremony was particularly symbolic. "The fact that we lay this cornerstone today right at the edge of the sector boundary," said he, "is an expression of our fast faith in the historical unity of Germany...
...jets flown by eight Royal Canadian Air Force overseas squadrons with 200 to 300 supersonic fighters. In their time, the Canadian-built Sabres, along with four squadrons of still useful Avro CF-100s, helped Canada's air division gain recognition as NATO's finest. But interceptors are fast becoming obsolete and the Canadian division a token force...
...startled the financial world with a brand new idea. Until then, the investment field had been dominated by "closed-end" investment companies; they sold a specific number of their own shares that were traded in the open market, concentrated on quick profits. M.I.T. shunned the lure of the fast profit, concentrated on long-term gains. More important, it threw out the closed-end idea by continually selling shares to anyone who wanted to buy, redeeming them when anyone wanted out at the net asset value per share on the day they sold (for M.I.T.: $14 per share last week...
Buying a Hat. Attracted by such fancy pickings, an army of more than 20,000 full-time and part-time mutual fund salesmen, ranging from schoolteachers to bartenders, are selling fund shares. Many of them know no more than their customers about the market, depend on a fast spiel and reams of charts to do their selling. Yet a good part-time salesman can make $10,000 or $15,000 a year in commissions, full-time salesmen up to $25,000. Says Miss Irma Bender, a top fund salesman for Cleveland's Joseph, Mellen & Miller: "I tell prospects that...