Word: flighting
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Dates: during 1950-1959
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...months ago, to fight domestic inflation and to check a flight from sterling so headlong that devaluation seemed due, the Bank of England hiked its bank rate sharply from 5% to 7%, the highest level in 37 years. The shock worked. The flight was reversed: gold and dollar reserves rose $689 million, and by the first of the month stood at $2,539,000,000, best since 1955. In the world's money markets, the pound's worth rose from a low of $2.78 to $2.81. Last week the bank's bowler-hatted runners fanned out again...
Drooping, knife-edge wings raised to flight, black exhaust streaming from six jet engines, the Strategic Air Command's B-47 No. 876 hurtled into the air from the runway at Hunter Air Force Base at Savannah one afternoon last week. Along with most of SAC's 308th Bomb Wing, No. 876 was headed off on a highly classified flight-Operation Snow Flurry-to one of the four SAC fields in North Africa...
...unhinged, dropped through the fragile bomb-bay doors, which flapped open, fell out of the B-47. Somehow Kulka managed to catch hold of something-he cannot remember what it was-and hung on for his life in the empty bomb bay in the whistling wind. Back in the flight cabin, Koehler heard a rumble, and Copilot Charles Woodruff idly noticed a shock wave radiating on the ground. "Just like a concussion wave from a bomb," Woodruff told himself. Then, with a shock, he realized what had happened. Captain Koehler closed the bomb-bay doors and reported to his flight...
...first light of dawn, the sleepy Siak River town of Pakanbaru was wakened by the tumultuous honking and crying of thousands of disturbed jungle birds. Swarms of Sumatran fireflies, which travel in whirling galaxies resembling slowly moving fireballs, abruptly vanished. Then came the snarl of planes as a flight of old, U.S. -made F-51s swept in to strafe the shacks and hangars of Simpang Tiga airstrip, six miles southwest of town. After them came 16 lumbering transport planes; as they passed overhead, the sun-streaked sky blossomed with silken parachutes that brought 200 paratroopers to earth...
...MILLION CONTRACT will go to General Electric Co. to design, build and test world's biggest known radar system. It will be first part of Air Force's $721 million missile early-warning system (TIME, Feb. 3) to detect ICBMs in flight several thousand miles away. Work starts soon in G.E.'s Syracuse plant, will buoy company's defense employment...