Word: fractionalism
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Dates: during 1960-1969
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...which side of the shelter controversy you stand. Congress, already suspicious of the Administration's civil defense proposals, sensed the lack of public interest and finally approved only $113 million of the 695 million program. Shelter builders and suppliers began to go bankrupt after selling only a small fraction of their stock. In October, the Cuban crisis caused a small flurry of shelter inquiries, but little buying was done and the excitement soon ended...
Grizzle attacked Olson and Wallison for running a rigged meeting, charging they had purposely scheduled the session in a small room so that only a fraction of the membership could attend...
...taking calculated advantage of the fact that no bankrupt can go bankrupt again for six years. This means that in case of default, they can garnishee his salary (or repossess the purchase) without danger of being frustrated by a new bankruptcy action or forced to settle for a fraction on the dollar. In Chicago, where personal bankruptcy cases have risen from 1,048 in 1952 to 9,832 last year, the newly bankrupt is likely to be flooded with form letters bearing such chirps of cheer as: "Bankrupt? $25 down for an auto." "Sorry to hear about your bankruptcy. Here...
...spotlight beam, one of Radus' ceramic sandwiches only an inch square can exert a pull of some 30 lbs. The problem-to make it let go. If a few turns of wire are wrapped around the sandwich, and a small current is sent through the coil for a fraction of a second, most of the pulling power switches in an instant from one end of the magnet to the other. A few flashlight batteries can supply enough juice-not nearly so much as would be needed by an equivalent electromagnet...
...cost accounting that has been adopted by the rest of the auto industry only since World. War II, has had ample time to perfect it into a delicate science. G.M. plots its operations department by department four months in advance, budgets man-hours and unit parts down to a fraction of a penny. Under this system, G.M.'s financial men also dog the designers, figure the cost of every bolt, chrome strip and screw, and have unit costs tallied well in advance of final pricing. G.M. thus knows its break-even point precisely: when it sells...