Word: floating
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...EATON, wily old (70) boss of Cleveland's Otis & Co. and the Chesapeake & Ohio Railway, was helped up, then knocked down, by the U.S. Government. Otis was cleared by the Securities & Exchange Commission of six-year-old charges that it welshed on a $10 million deal to help float stock for Kaiser-Frazer Corp. But Internal Revenue agents handed Eaton a $1,570,000 bill for back income taxes (1943) on a $1,909,000 profit he made by transferring stock between two Canadian iron-ore companies...
HOLLAND is forging ahead with its postwar financial recovery, has just prepaid $52.5 million of a $195 million World Bank loan that is not due until 1970. The thrifty Dutch have thereby saved millions in interest, made it possible for the World Bank to cancel its plan to float a $100 million loan this fall...
...scares his listeners with a bagful of simple but effective tricks. For a story where a man is hanged, he had the camera turn slowly back and forth to suggest a corpse swinging on a rope. Trick lights and a turtleneck sweater make his cadaverous face appear to float in air, and sometimes a zoomar lens moves in until only one glittering Nordine eye fills up the television screen...
Automatic Life Guard. A swimming pool alarm that rings a loud bell when somebody accidentally falls in was put on sale by Los Angeles' Modern Design Engineers. A sensitive float connected to an electric box at poolside is upset by any unusual motion of the water, thereby sets off the bell, which keeps ringing until help comes. Price...
...fleet only two weeks ago (TIME, June 14), is not the man to let barnacles grow. Last week, out from a Kiel shipyard for a trial run with Onassis on board sailed his new yacht, probably the fanciest private ship afloat. Called the Christina (after his wife), Onassis' floating palace is a 1,445-ton, 303-ft. Canadian destroyer escort (Stormont) rebuilt into a yacht at an estimated cost of $2,500,000. In the afterdeck is a marble swimming pool, with a mosaic floor that can be raised for dancing. In the lounge is a huge fireplace...