Word: flutter
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Dates: during 1960-1969
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...sites. Important guests are dazzled by the enormous parades sweeping into Peking's Tien An Men square with a swirling of scarlet flags, the cheerful explosion of strings of firecrackers whirled on poles, the rhythmic thunder of drums and cymbals. Healthy, pig-tailed girls dance by in a flutter of pastel scarves; fit-looking soldiers march past in cadenced columns; phalanxes of workers with banners roar out slogans extolling the greatness of Communism and hatred of "American imperialism." Here, evidently, is all the panoplied might of a confident and messianic power...
...economy. In less than a decade, aerospace has grown into a $14 billion-a-year industry serviced by 50,000 suppliers who employ men and materials from, just about every city, village and hamlet in the nation. Newspapers bulge with want ads for stress analysts, aerothermodynamicists, flutter and vibration specialists. New plants are being built not where the rivers or railroads are, but where the brains are. Around Boston, a bustling aerospace hub has risen where only pig farms were a few years ago. For Florida, aerospace is doing today what oil did for Texas in Spindletop days. Aerospace also...
...already hit General Dynamics with an unexpected $116 million bill this year, partly because of a flutter in the engine pods, and was a major cause of the company's $39.5 million loss in the first half. And even if the plane is abandoned, General Dynamics will face one more big expense on the 990. Impatient customers, led by American Airlines, have ordered 50 of the planes at $4,750,000 apiece and have made substantial down payments. If General Dynamics now decides not to deliver, it will have to make refunds estimated to run $35 million or more...
...With a flutter of press releases and a blare of bands, Detroit last week began its annual rites of summer: press previews of next year's car models. Everyone had to swear not to take pictures of what he saw, since the first public displays are at least three weeks away. Current state of the automotive arts as represented by the 1962s...
...with one of the highest product development costs in history. To develop its Convair 880, 880M and the long-range 990 (which is not yet certified by the Government), the company has spent $350 million. Of this, $116 million occurred unexpectedly this year, partly because of a wing-flutter problem in the 990. So far. General Dynamics has sold 114 jets and delivered 38. many of which, through controversial maneuvers (see below), have turned up in TWA's fleet. General Dynamics Chairman Frank Pace Jr. gloomily predicts that "the potential commercial jet transport market indicates no likelihood of full...