Word: fasts
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Dates: during 1960-1969
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Immediate Landmark. Born in Berlin in 1883, trained there and in Munich, Gropius was quick to grasp the liberating potentials of fast-developing technology. In 1911, he designed with Adolf Meyer a shoe factory in Alfeld, Germany. Unlike most buildings of the time, which were held up by thick exterior walls, the structure was supported by Bessemer steel interior columns and beams and faced with a breathtakingly thin curtain of glass. It was bold, light, airy-an immediate landmark. Soon after, Gropius produced another tour de force: a machine factory in Cologne whose facade was dominated by a pair...
...there will be 1,700 houses, all that the space can hold. People are buying them as fast as they're built, which is at a one-a-day rate. Most are two-level, three-room "bungalows" or larger "fisherman's houses," with price tags between $36,000 and $50,000-twice what they cost in the beginning, when Spoerry had to sell below cost to lure buyers. Some run as high...
...second straight month. These indicators might bring some cheer to the Federal Reserve Board, which has been desperately looking for evidence that its restrictive money policy has produced some slowdown. But New York's First National City Bank warned in its latest economic letter that, "to hold fast to a restrictive policy until the signs of an economic downturn are unmistakable means that the policy will have gone too far." Reason: economic indicators do not clearly signal a recession until after it has begun...
...troubles have been caused mainly by the carriers' fast growth. Few of today's 240 scheduled small lines existed as recently as 1964, and regulation lags behind. As FAA rules now stand, all an operator needs before going into the business is a commercial pilot's license, which can be earned with less than 200 hours of training. Pilots for the major airlines need a minimum 1,200 hours, plus instrument-flying proficiency...
...shock after all. Presumably, the broadcasters would also be allowed to phase out those FCC-required free anti-smoking commercials, which take up $70 million worth of air time a year. Some but by no means all of the loss from cigarette commercials would be made up by the fast-diversifying tobacco companies themselves. As they cut back their cigarette ad budgets, they would spend more on their non-tobacco products...