Word: fractionated
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Dates: during 1960-1969
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...billion in 1964) is threatened by the community's drift toward protective tariffs. But Europe is not the whole world; as other nations improve their diets and elevate their tastes, they may open huge new markets for U.S. farm products. Even so, they could absorb only a fraction of the 5 to 10% year-in, year-out overproduction of U.S. agriculture...
Feeding on Customers. Helicopters, costly to buy and operate, constitute only a tiny fraction of the nation's 9,000-plane taxi fleet. Taxi companies range from one-man, one-plane outfits to Detroit's 28-plane Tag Airlines, which has 100 employees and takes in $1,000,000 a year. Typical of the type is nine-plane Pilgrim Airlines, which has tripled its business in five years (to 15,000 passengers a year) by offering six scheduled flights a day from New London, Conn., to New York's Kennedy Airport. The trip costs $14.50 and takes...
...every transport plane in South Viet Nam for days. Though the effort succeeded, and by week's end supplies were rolling daily from Qui Nhon to Pleiku, the magnitude of the effort underscored how thoroughly the Viet Cong have chopped South Viet Nam into isolated shards. Only a fraction of the nation's 4,000 paved miles of road are freely passable; of more than 600 miles of railroad trackage, a mere 100 remain usable...
...strengthening; last week the Treas ury announced that the sterling area's gold and foreign currency reserves rose $165 million in May, to a two-year high of $2.9 billion. By week's end the pound rallied on the world money markets and climbed to within a fraction of its $2.80 par value...
...Equals $12 Million. In 1962 Tino set out on a fantastic scheme to corner the entire market in soybeans. He plunged into commodities futures, a frantic market of paper and promises, where fortunes are made or lost on fluctuations of a fraction of a penny. Betting that the price of soybeans would rise, Tino bought huge contracts for future deliveries of soybeans from other speculators who in turn were betting that the market would fall. He was helped by the fact that commodities markets work on bargain-basement margins of 5% to 15%-that is, big traders need...